Romania
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Strabag Romania Works Value Hits EUR41M In 1Q
The value of works performed by Austrian constructor Strabag in Romania increased to EUR41.2 million in the first quarter of 2012, from EUR15 million in the same interval a year ago, and its...
NBG First-Quarter Loss In Romania Widens To EUR11M
The National Bank of Greece (NBG) Wednesday said its losses in Romania widened to EUR11 million in the first quarter, from RON1 million in the year-earlier period, hurt by falling revenue fr...
TAP Portugal To Operate Bucharest-Lisbon Direct Flights Starting July 1
Portuguese national airline TAP Portugal will operate direct flights on the Bucharest-Lisbon route starting July 1, and estimates it will carry some 14,500 passengers this year, of whom over...
EBRD Ups Romania GDP Growth Forecast To 1.2% In 2012
The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.2% in 2012, from 0.8% previously, but warned the slowdown in the eur...
Holcim Romania 1Q Cement And Clinker Sales Down 6.7% In Volume
Holcim Romania’s first quarter cement and clinker sales dropped 6.7% compared to the first quarter of last year, and prices decreased 1.6%, Swiss group Holcim, one of the world's leading sup...
Bosch To Build Automotive Technology Plant In Romania
German conglomerate Bosch plans to set up a location for the manufacturing and development of automotive electronic control units in Cluj-Napoca, northwestern Romania, Bosch said in a press...
VIG Lays Off A Fifth Of Romanian Employees In Two Years
Austrian insurer Vienna Insurance Group (VIG), which controls a quarter of the Romanian insurance market, cut by 22% its number of employees on the local market in the past two years, and th...
Orange Romania 1Q Revenues Flat On Year, To Nearly EUR220M
Mobile telephony operator Orange Romania posted revenues of EUR220 million in the first quarter of 2012, compared to EUR222 million in the same period a year ago, according to date released...
Romanian Consumer Confidence Rises Slightly In 1Q, Consumers Still Pessimistic - Survey
Consumer confidence increased slightly in Romania in the first quarter of 2012 compared with the last three months a year ago, but the country remains among the world’s pessimistic markets,...