Companies
AOAR: Romanian Leu Still Overvalued Vs Euro, Exports Affected
Romanian leu is still overvalued and its continuous appreciation versus the euro has a negative impact on exports and, implicitly, on economic recovery, the Romanian Businessmen Association...
Romanian Investors Sought For $500M Railway Project In Jordan
Jordan Express Light Railway Company, owned by businessman Fathi Taher, signed a contract with consultants Railway Business to find Romanian investors interested in a $500 million project de...
Henkel Builds New Plant To Boost Production By 40%
Germany’s Henkel group, which owns two building materials and adhesive plants, will start building its third plant in October, in Roznov, southeast of Piatra-Neamt, with investment planned a...
Caremil Swings To Loss In First Quarter, As Orders Decline
Clothing maker Caremil Tuesday said it switched to loss of 230,000 lei (EUR55,800) in the first quarter, due to fewer orders at its Smirodava factory.
Strabag 1Q Output Volume In Romania Down 13% To EUR15M
Austria’s top constructor Strabag Tuesday reported a 13% drop in first-quarter output volume to EUR14.98 million in Romania, from EUR17.24 million in the year-earlier period.
Ioan Tecar Takes Cellulose Market Lead Away From Rondocarton
Ioan Tecar, owner of a group of companies with a total turnover of almost EUR90 million, is one of the Romanian entrepreneurs who took advantage of the crisis and he has managed, through suc...
Hilton To Open Three Hotels In Romania By Yearend
International hotel chain Hilton on Monday said it will launch three hotels in Romania this year, bringing its network to seven launched or developing hotels nationwide.
INS: Managers Expect Growth On All Sectors In May-July
Managers expect moderate growth in industry, retail and services and growth in construction between May and July this year, compared to the previous three months, the country’s statistics in...
Hilton To Overshoot 1,000-Room Mark In Romania Next Year
From just 272 rooms on the Romanian market until 2009, Hilton hotel chain will go to over 1,000 rooms next year after having affiliated six hotels at the height of the economic downturn.