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...expected to prompt an exodus of workers from the country in search of better wages, an Aim-listed property company is betting that the number of British holidaymakers heading for the Balkan slopes wil...
Wednesday, 03 January 2007

...expected to prompt an exodus of workers from the country in search of better wages, an Aim-listed property company is betting that the number of British holidaymakers heading for the slopes of the Bal...
Tuesday, 02 January 2007

The Benny Steinmetz-controlled company plans to raise NIS 430 million.The Benny Steinmetz-controlled company plans to raise NIS 430 million. More at
Tuesday, 26 December 2006

The company handles Benny Steinmetz?s real estate business in Europe, with properties in Ukraine, Romania, Latvia and the Czech Republic.The company handles Benny Steinmetz?s real estate business in E
Wednesday, 20 December 2006

National grid company Transelectrica has revised its revenue budget for this year upward, by 45%, to 683.2 million euros (2.4 billion RON), against the 468 million euros (1.63 billionNational grid com
Tuesday, 19 December 2006

6. Jolidon takes over Cluj-based Flacara
(News/Financial news from Romania)
...stake (71.8%) in ready-to-wear manufacturer LCS Conf SA (Flacara) in Cluj-Napoca, owned by Romanian-German company LeotexJolidon, one of the biggest ready-to-wear companies in Romania, has bought the ...
Tuesday, 19 December 2006

Immoeast Immobilien Anlagen AG, an Austrian real-estate company, said fiscal Q2 profit almost tripled as the value of property assets rose. The shares rose to a record.Immoeast Immobilien Anlagen AG,
Friday, 15 December 2006

8. Brau Union resumes growth
(News/Financial news from Romania)
Edwin Botterman, chairman of Brau Union, the leader of the domestic beer market, says the company will brew more than 4.1 million hectolitres of beer this year, 17% moreEdwin Botterman, chairman of Br
Friday, 15 December 2006

9. Dunca Expeditii to double profit
(News/Financial news from Romania)
Dunca Expeditii, the transportation and logistics company based in Timisoara, estimates it will derive net profit worth over 1.5 million euros this year, double against 2005, with growth especiallyDun
Friday, 15 December 2006

10. Eurocopter launches the only bid to take over IAR Brasov
(News/Financial news from Romania)
French-German group Eurocopter was the only company to launch a bid to purchase 64.89% in aircraft manufacturer IAR Brasov. Yesterday was the deadline for submitting the documents, according toFrench-
Friday, 15 December 2006

11. Holzindustrie buys 5,000 ha of forest
(News/Financial news from Romania)
Cascade Empire, the local acquisitions division of the Austrian company Holzindustrie Schweighofer, which operates in the field of wood processing, has so far bought 5,000 hectares of forest onCascade
Friday, 15 December 2006

12. Kaufland goes to small cities
(News/Financial news from Romania)
...eb, general manager of Kaufland, competition is not as fierce in smaller Romanian cities. As a result, the company will consider opening outlets in cities withAccording to Gunter Grieb, general manage...
Thursday, 14 December 2006

...n building a foodstuffs plant in Ploiesti. Following this investment, all the production activities of the company (detergents, seasonings, soups, sauces andUnilever has completed a 4 million-euro inv...
Wednesday, 13 December 2006

14. European Drinks exports go up 50%
(News/Financial news from Romania)
...group over the first nine months of the year rose by 7% against the corresponding period of last year. The company also sawTurnover derived by the European Drinks group over the first nine months of t...
Wednesday, 13 December 2006

15. Star Foods grows more reliant on Romanian supplies
(News/Financial news from Romania)
...is Yannopoulos, general manager with Star Foods Romania, the biggest player on the snacks market, says the company will constantly grow more reliant on domestic producers for its rawSotiris Yannopoulo...
Tuesday, 12 December 2006

16. Tofan needs 20m euros to get over crisis
(News/Financial news from Romania)
Gelu Tofan, one of the most important businessmen in the last decade, is again facing problems, as the company he controls, Danubiana Bucharest, has entered financial recovery. The tyreGelu Tofan, on
Tuesday, 12 December 2006

17. Techem buys energy metering company
(News/Financial news from Romania)
German energy services provider Techem, which provides thermal power metering services, took over Servito SRL in a transaction standing at five million euros. Through the acquisition made by theGerman
Tuesday, 12 December 2006

18. Important things for a strong fuel station brand
(News/Financial news from Romania)
The creation of a brand for a filling station network can help a company boost its popularity and turnover. Considered carefully, details such as the dominant colour or theThe creation of a brand for
Monday, 11 December 2006

19. Abbott aims for 2% of the market
(News/Financial news from Romania)
The local branch of the American pharmaceutical company Abbott Laboratories posted sales worth over 15 million euros in the first three quarters of this year, 22.9% more against theThe local branch of
Monday, 11 December 2006

20. SIF Transilvania gains 1m euros from sale of Retezat
(News/Financial news from Romania)
SIF Transilvania sold its entire stake in Retezat Sibiu on Wednesday, a company specialised in building farming machines and equipment, in a transaction on the RASDAQ market, worth someSIF Transilvan
Monday, 11 December 2006

21. Aldis' business to top 100 million euros in 2007
(News/Financial news from Romania)
...ld cuts producers on the local market, estimates a 20-25% growth in turnover in 2007, which would push the company's business toCalarasi-based Aldis, one of the top three cold cuts producers on the lo...
Monday, 11 December 2006

22. Croco to increase exports
(News/Financial news from Romania)
Damian Mereu, general manager of Bacau-based Croco, estimates the share of exports in the company's turnover will increase from 15% to 30% in 2007. "Once we have joined theDamian Mereu, general m
Monday, 11 December 2006

23. Argecom invests 20m euros in real estate
(News/Financial news from Romania)
Pitesti-based construction company Argecom is entering the real estate market with a residential project comprising 350 flats. The complex will be erected in the Eremia Grigorescu district of Pitesti,
Monday, 11 December 2006

...mania Is a Profitable Destination for Outsourcing ... adapted to western culture, a study of real estate company CB Richard Ellis shows, ACT Media ... ... ROMANIA: Romania Is a Profitable Destinat...
Friday, 08 December 2006

25. 430m euros of Oltchim's value vanish into thin air
(News/Financial news from Romania)
The interest of the state in Oltchim, a company whose annual business stands at about 500 million euros, has dropped from 95.7% to some 53.2%, as a result ofThe interest of the state in Oltchim, a com
Friday, 08 December 2006

26. Retail to boost Aldis turnover to over 100m euros
(News/Financial news from Romania)
...ucers on the local market, estimates turnover will rise by 20-25% in 2007, to over 100 million euros. The company willAldis Calarasi, one of the top three charcuterie producers on the local market, e...
Friday, 08 December 2006

27. TBI Leasing to outsource operational leasing
(News/Financial news from Romania)
TBI Leasing will set up a specialised company to handle funding for purchasing vehicles by means of operational leasing, as well as provide vehicle fleet management services, company shareholdersTBI L
Friday, 08 December 2006

28. Blue Air business doubles to 47 million euros
(News/Financial news from Romania)
...ubling its turnover this year, to 47 million euros, over 10 million euros more than initial estimates. The company had set aLow-cost carrier Blue Air is counting on doubling its turnover this year, to...
Friday, 08 December 2006

29. RHS Company acquires game distributor
(News/Financial news from Romania)
Last week, IT distributor RHS Company bought 51% of TNT Games, a local company that distributes game consoles and video games. Officials of the two companies disclosed to ZFLast week, IT distributor R
Friday, 08 December 2006

30. No profit for E.ON Gaz for second year in a row
(News/Financial news from Romania)
E.ON Gaz Romania, the former Distrigaz, the natural gas distribution company controlled by the Germans from E.ON Ruhrgas, will not be able to step into the black this year. ThatE.ON Gaz Romania, the f
Thursday, 07 December 2006

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