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Companies

Baustoff+Metall Romania Posts EUR1.8M Sales In 1H 2011

Baustoff+Metall Romania, part of Austrian construction materials maker Baustoff+Metall, posted sales of EUR2.8 million in 2010, its first year of activity, Monday said Mariana Clontea, the l...

Andrei Cîrchelan · 27.06.2011 · 12:48 · 1 min
Steel Industry Between Massive Layoffs And 50% Wage Raises In Recession
Companies

Steel Industry Between Massive Layoffs And 50% Wage Raises In Recession

The employees of steel companies, whose businesses made a significant recovery from the crisis thanks to a surge in exports, were among the most privileged in terms of wage raises during the...

Adrian Cojocar · 27.06.2011 · 00:03 · 2 min
DHL Romania Requests Blue Air's Insolvency
Automotive

DHL Romania Requests Blue Air's Insolvency

DHL International Romania has asked the Bucharest Court to start insolvency procedures against low-cost airline Blue Air to recover some debts, and the trial will start in October.

Tudor Ioana Raluca · 24.06.2011 · 13:46 · 1 min
Capital Market

SIF Banat-Crisana, SSIF Broker Sold Their Stakes In Carbochim For RON7.6M

SIF Banat-Crisana (SIF1.RO) and SSIF Broker (BRK.RO) on Thursday sold their stakes in Romanian abrasives maker Carbochim Cluj-Napoca (CBC.RO), through five deal market transactions worth a t...

Andrei Cîrchelan · 24.06.2011 · 11:56 · 1 min
Companies

Romanian Farmland, 40 Times Cheaper Than In Western Europe

British journalists describe Romanian farmland as a safe investment for farming companies and investors alike, given the soaring prices of agri-food and farmland globally. Wheat and corn pri...

Gabriel Razi · 24.06.2011 · 00:00 · 1 min
Real Estate

Fabryo Sales At RON136.5M In 2010, Sees No Growth This Year

Romanian paint maker Fabryo Corporation posted a 9% decline in sales last year, to 136.5 million lei (EUR32.4 million), and any increase in turnover this year would be "an outstanding perfor...

Andrei Cîrchelan · 23.06.2011 · 17:19 · 1 min
Capital Market

Large Stake Sold In Carbochim On Bucharest Bourse For RON7.26M

A 23.4% stake in abrasives maker Carbochim Cluj-Napoca (CBC.RO) was sold Thursday on the deal market of the Bucharest Stock Exchange, through five transactions worth a total 7.26 million lei...

Andrei Cîrchelan · 23.06.2011 · 16:27 · 1 min
Capital Market

Rulmenti Barlad To Borrow EUR5M From UniCredit Tiriac

The shareholders of Romanian ball bearing maker Rulmenti Barlad (RBL.RO) recently approved the contracting of a EUR5 million loan from UniCredit Tiriac.

Andrei Cîrchelan · 22.06.2011 · 15:41 · 1 min
Capital Market

Mechel's Romanian Units Seek EUR100M Loan For Working Capital

Romanian steel maker Mechel Targoviste (COS.RO) proposed borrowing EUR100 million to finance working capital and potential commitments, the company said Tuesday.

Florentina Dragu · 21.06.2011 · 10:53 · 1 min