Companies
OMV Petrom Drops Capital Increase Plan, On Improved Cash Position
Romanian dominant oil company OMV Petrom (SNP.RO) decided to give up its plan for a EUR600 million share capital increase, as its financial position has improved in the past year, the compan...
OMV Petrom Net Profit Rises 4% To RON841M In 1Q
Romania's largest oil company OMV Petrom (SNP.RO) Wednesday reported a net profit of 841 million lei (EUR199 million) in the first quarter, up 4% on the year, fueled by a 27% increase in sal...
IMF: Top-40 State-Owned Companies To Hire Private Managers
Romania’s largest 30 to 40 state-owned companies will have private management, and the government will employ an internationally acknowledged head hunting firm for executive selection, accor...
Holcim Romania Appoints New Head Of Concrete, Aggregates Unit
Construction materials maker Holcim Romania on Tuesday said it has recently appointed Bogdan Dobre as manager of the concrete and aggregates division, replacing Anastas Dimovski whom moved t...
Floorboard Producers, Set To Resume Investments
Floorboard market players are hoping for a two-digit increase for the sector this year amid signs the constructions market will improve. Egger, Kronospan and Barlinek are among the biggest p...
Basescu Finds “Barons of the Economy” In Energy Companies
President Traian Basescu at the end of last week identified the big "boyars-barons" of the Romanian economy as being the managers of the biggest local energy companies. These state-held comp...
Electroarges Shares Fell Three-fold Since Chelu Became Shareholder
The market value of vacuum cleaner manufacturer Electroarges Curtea de Arges (ELGS) has fallen three-fold on the stock exchange since the end of October last year, when businessman Catalin C...
Musat: Receipts Rose 20% in the First 4 Months
Lawyer Gheorghe Musat, founder of Musat & Asociatii law firm, one of the strongest players on the market, is speaking about improving receipts after two years in which the crisis cut the com...
Office Furniture Market Fell to 30% of 2008 Peak
From among furniture market segments, the office one has caused companies the biggest headaches in recent years, with the industry gradually declining and reaching just 30% of the level of p...