Companies
Furniture Market Starts Recovery
The beginning of 2011 was contradictory for the furniture market. Whilst big players such as Mobexpert and Elvila, which also have furniture plants in their group, did not return to growth,...
Eximbank Boss Advises Companies To Look Beyond EU
Romanian companies have a number of opportunities to “dilute” reliance on exports to Western European markets. Several projects on the North African and Middle Eastern markets (especially Ir...
Steel Industry Makes Spectacular Recovery
The Romanian steel industry saw a spectacular recovery in 2010, as most European countries exited recession, fueled by orders from the auto industry, while the construction and shipbuilding...
Vreme Appoints Wife's Business Partner To Posta Romana Board
Communications Minister Valerian Vreme has appointed Ionut Gogu, 31, to the Board of Directors of the Romanian state-run postal company Posta Romana, according to a document published by the...
Meva Could Learn From Flanco In Its Reorganization
The reorganization of rolling stock manufacturer Meva, controlled by Cristian Burci, could be done based on the model of home appliances retailer Flanco, whose assets were taken over by an i...
ArcelorMittal Galati To Reopen Main Furnace In September
ArcelorMittal Galati, Romania’s largest steel plant, with turnover estimated at over EUR1 billion in 2010, will reopen the main furnace in September, boosting its production capacity to thre...
Farmers' Ethanol To Invest $200M In Prahova Energy, Farming Complex
U.S. company Farmers' Ethanol wants to invest $200 million in an energy and farming complex, located on 400 hectares in Prahova county, southern Romania, and has signed a memorandum of under...
Finance Ministry To Lend Metrorex EUR40M For Debts
Romania's Finance Ministry will lend Bucharest subway operator Metrorex 165 million lei (EUR40 million) to pay its debts to Alstom Transportation, which has been in charge of train maintenan...
Turkish-Held Prolemn Forecasts 7% Higher Turnover, At EUR40M
Reghin-based Prolemn producer, controlled by Kastamonu Entegre company, a major player in Turkey’s wood processing field, anticipates turnover of 170 million lei (over EUR40 million), up 7%...