Companies
Six Indicted In Baneasa Airport Procurement Fraud Case
Romanian anticorruption prosecutors on Friday indicted six people, including four managers of the Bucharest Baneasa Airport, for causing damages of more than 23 million lei (EUR5.8 million)...
Hotel Firm Turism Felix Sees 2011 Pretax Profit Halved At RON3M
Romanian hotel company Turism Felix (TUFE.RO) Thursday said it expects a pretax profit of 3 million lei (some EUR730,000) this year, half the result posted in 2010, since tourist numbers sho...
About 25% Of Romanian Hotels Should Be Closed Down - Tourism Ministry Official
Over 500 hotels in Romania, or about 25% of total units, should be closed down due to poor comfort conditions, Paul Marasoiu, director of the Tourism Department within the Tourism Ministry,...
Romania To Award EUR79.8M Renovation Contract For Iasi Airport
Authorities in Iasi, northeastern Romania, plan to upgrade the city's airport through a concession agreement, for an estimated EUR79.8 million, without VAT.
Large Stake In Bucharest Hotel Intercontinental Sold For RON51.14M
A 49.12% stake in Bucharest hotel Intercontinental (RCHI.RO) was sold Wednesday on the Rasdaq market of the Bucharest bourse, for a total 51.14 million lei (EUR1=RON4.091).
Romanian Vae Apcarom Expects RON7.34M Net Profit In 2011
Romanian rolling stock maker Vae Apcarom Buzau (APC.RO) expects a net profit of 7.34 million lei (EUR1=RON4.091) in 2011, up 26.3% from RON5.81 million last year.
Romanian Alumil Sees More Than Double Profit In 2011
Alumil Rom Industry (ALU.RO), the Romanian unit of Greek aluminum processing group Alumil Mylonas, estimates a net profit of 3.48 million lei (EUR1=RON4.0869) for 2011, more than double on t...
Uton Onesti Swings To RON6.7M Loss In 2010
Romanian industrial boilers producer Uton Onesti (UTN.RO) switched to a net loss of 6.69 million lei (EUR1=RON4.0966) in 2010, from a net profit of RON300,000 the year before, according to f...
Spain’s GED Acquires Romanian Prestige Tours For Undisclosed Sum
Spanish investment fund manager GED Thursday said it purchased the majority stake in Romanian tour operator Prestige Tours, for an undisclosed amount.