Companies
German Nagel Buys 25% In Whiteland Logistics For Undisclosed Sum
German logistics group Nagel on Tuesday announced it has bought a 25% stake in the logistics division of Romanian group Whiteland, for an undisclosed amount.
Entrepreneurs Who Won The Battle Against The Crisis
Anca Vlad, owner of Catena drugstores, the Marcu family, majority shareholder of Medlife, Sorin Gavrila and Cristinel Lungu, founders of Simba Invest distributor in Bacau, Constantin Toma (G...
Lactalis Starts To Shut Down LaDorna Plants And Move Equipment Abroad
French-held Lactalis, which paid EUR70 to 90 million in 2008 for the LaDorna business, has closed a cheese factory, several milk collection centers and food storage facilities, and the equip...
Highest Publicly-Disclosed Salaries
The highest salary in Romania for which there are official documents providing the name of the earner, is that of Ionut Costea, president of Eximbank, who in 2009 earned EUR27,000 per month....
Sika Sees H1 Turnover Up 20% To EUR8M
Building materials producer Sika Romania, the domestic subsidiary of Swiss group Sika, in the first six months registered sales of EUR8 million, up around 20% from a year ago.
SMEs May Borrow Up To RON125,000 With State Guarantee, Subsidized Interest
Romanian small and medium enterprises may take out loans of up to 125,000 lei (EUR30,000), partially guaranteed and subsidized by the state, in order to cope with the problems caused by the...
German Group Buys 25% In Whiteland Logistics
Germany’s Nagel, which has 9,600 employees and operates on 18 European markets, has bought 25% in Whiteland Logistics, a business founded by James Kodor and Lavinia Yassen, entrepreneurs who...
Pambac Bacau Expects 6% Growth In Sales To EUR46m
Bakery and milling firm Pambac Bacau, controlled by Alin Giurea and another two partners, expects 6% higher turnover this year, to EUR46 million, after over the past three years the business...
School Furniture Drives Silvarom Back To Growth
Bucharest-based furniture manufacturer Silvarom posted a 58.6% turnover increase in the first five months of this year, compared to the same interval of 2010, largely due to contracts to pro...