Companies
Posta Romana Acumulated EUR72M Losses With Political Management
State-held postal company Posta Romana ended last year with a loss of EUR29 million on a turnover of EUR327 million, after posting EUR43 million-loss in the preceding year, according to comp...
Valer Blidar To Invest EUR8M In Streetcar Plant
Valer Blidar, founder of Banca Feroviara and owner of railway carriage maker Astra Vagoane Calatori, says he will invest EUR8 million to start streetcar production in Bucharest, having forge...
Law Firm Yearbook: Eight Firms Posted Turnover Hikes In The Two Years Of Crisis
For at least eight law firms operating on the Romanian market, the first two years of crisis were an opportunity to increase revenue compared to 2008, the year seen as the peak of the local...
Schoenherr Revenue, Number Of Projects Up In Q1
Schoenherr si Asociatii, the local office of the Austrian law firm Schoenherr, saw a rise in the value of invoiced services in the first three months amid an increase in the litigation area...
Small Companies May Opt For Simple Accounting System This Year
Romanian companies with sales and assets lower than EUR35,000 may opt for a simplified accounting system starting with the 2011 fiscal year, says a draft order by the Ministry of Public Fina...
Mechel Completes $50M Investment At Otelu Rosu Steel Plant
Russian steel group Mechel on Tuesday announced it has completed investment worth a total $48.7 million in upgrades at its plant in Otelu Rosu, southwest Romania.
Wellness Is Bouncing Back
Investments in spas, fashionable among owners of housing complexes and hotels, have been lagging behind since the debut of the economic crisis, but several centers have been opened in recent...
Furniture Plant Where Dan Sucu Holds Minority Stake Goes Bankrupt
Targu-Mures-based furniture maker Ilefor, where businessman Dan Sucu holds a minority stake, was dubbed insolvent and has liquidator RVA Mures Insolvency Specialists as court-appointed admin...
Oresa Plans Two Acquisitions In Romania By Yearend, With EUR30M
Swedish investment firm Oresa Ventures expects to conclude at least two acquisitions in Romania by the end of the year, worth a total EUR30 million, company official Cornel Marian told MEDIA...