Companies
Holcim Stays In The Black, But Sees Margin Down To 4%
Holcim Romania, the local subsidiary of Swiss group Holcim, posted a net profit of around 33.4 million lei (EUR7.9 million) last year, down 63% in lei against the 2009 profit of RON91.3 mill...
Tuca Zbarcea&Asociatii, Freshfields Represent Romania In New ICSID Arbitration Case
A consortium formed of Tuca Zbarcea&Asociatii and Freshfields Bruckhaus Deringer will represent Romania in an arbitrage bid filed by two Turkish businessmen at the International Center for S...
Three Small Producers Of Tulcea Sail In Crisis With EU Funds Help
Three companies that make cookies, bread and wine drew European funds for agriculture investments worth a cumulated EUR1 million, which helped them to upgrade production lines, while also pr...
J’Info Tours Triples Profit In Crisis Year
“What’s the euro/leu exchange rate?” are the first words that Aurel Pavel, owner of J’Info Tours travel agency, says to an assistant. The answer is prompt: nearly 4.18 lei to a euro. J’Info...
Seaside Hotel Operators Try To Persuade Clients To Book More Nights
Seaside hotel operators are clinging on to their profits and selling holiday packages cheaper only if they include at least three nights’ stay, although increasingly more Romanians opt for t...
Almost 9,200 Romanian Firms Went Insolvent In Jan-May
A total number of 9,177 companies were dubbed insolvent in the first five months of the year, slightly less than 9,357 in the same interval of 2010, according to data published Friday by tra...
CFR Allows Three Debtor Operators Back On Track
Romanian railway administrator CFR SA has granted access to the railway infrastructure to three of the four private rail transporters that had been barred over combined debts of 36.6 million...
Cement Producers Pin Their Hopes On 2012
Romanian cement market will stand at around half a billion euros this year as forecasts point to stagnation or a very frail increase, says Mihai Rohan, president of cement industry associati...
Cluj Council Selects Three Companies To Build New Airport Runway For RON137M
The Cluj county council, northwestern Romania, on Thursday announced that an association of three companies will build the Cluj-Napoca International Airport's new runway, for 137 million lei...