Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Companies

BNR First deputy governor: Romanian companies are under capitalized compared to developed countries

Wednesday, July 29, 2015

150729103131images__75_.jpg

Romanian companies are under capitalized compared to companies in developed countries, which leads to debts three times higher than permanent resources, said Florin Georgescu, the first deputy governor of BNR at a press conference. “Financial indiscipline leads to the companies’ high degree of debts. Romanian companies are under capitalized compared to those in developed countries and that leads to debts three times higher than permanent ...

Orange Romania posted 453.9 million euros in revenues in H1 2015

Wednesday, July 29, 2015

Orange Romania posted 453.9 million euros in revenues in the first six months of this year, with 232.8 million euros of it being made in the second quarter, the mobile telephony group announced in a release on ...

CFR Marfa to transport coal for Turceni, Craiova II and Isalnita

Wednesday, July 29, 2015

 CFR Marfa announced on Tuesday the signing of a contract to transport coal for energy purposes to the power plants of Turceni, Craiova II and Isalnita, owned by the Oltenia Energy Complex; the agreement is valid for the next three ...

Bilka Company posted a 69 million lei turnover in H1 2015

Wednesday, July 29, 2015

The Bilka Company posted a 69 million lei turnover in the first half of 2015, up by 55pct year-on-year, company representatives revealed on ...

40 companies will debut, on July 29, 2015, on the AeRO market

Wednesday, July 29, 2015

A number of 40 companies operating in various sectors of the economy will debut, on July 29, 2015, on the AeRO market, following their transfer from Rasdaq and from the unlisted securities ...

Turbomecanica posted a loss of 892,479 lei in Q1 2015

Wednesday, July 29, 2015

Turbomecanica posted a loss of 892,479 lei in the first half of 2015, according to financial results made available to the Bucharest Stock Exchange on Friday. In H1 2014, the company registered a profit of 191,067 lei. In H1 2015, the company registered 20.49 million lei in revenues, up by 46pct year-on-year from 14.03 million lei. At the end of ...

Vodafone Romania adds 134,000 customers in Q1

Wednesday, July 29, 2015

 Vodafone Romania saw its total number of customers increase sequentially by 134,000 to 8.190 million in its fiscal first quarter to 30 June. The number of postpaid customers increased by 20,000, while the number of prepaid customers rose by 114,000 in the quarter. Fixed broadband customers increased by 3,000 to 46,000 sequentially.  Voice minutes reached 28.193 billion, up from 25.869 billion in the previous quarter and 24.689 billion a year ago. Data usage rose to ...

Daewoo Mangalia Heavy Industries faces liquidation in wake of DSME’s demise

Wednesday, July 29, 2015

Financially troubled Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) will be forced to liquidate its overseas subsidiaries including Daewoo Mangalia Heavy Industries, Romania’s largest shipyard, and DeWind, DSME’s largest creditor, Korea Development Bank (KDB) has warned. KDB said that with DSME likely to report a KRW3trn loss for the second quarter, overseas units would have to be abandoned as part of a ...

US are interested in Romania’s port of Constanta

Wednesday, July 29, 2015

Kara Aylward, the Deputy Economic Counselor of the United States Embassy in Bucharest, met this week with the management of Constanta’s port, expressing interest in the harbor’s economic potential. The US official, who is in charge with transports, wanted to know the activity in the Romanian sea ports, the main infrastructure projects and their implementation phase, reports local Economica.net. Some 12.1 million tons ...

CARREFOUR ROMANIA INSTALLS BEACON TECHNOLOGY

Wednesday, July 29, 2015

Carrefour has installed beacon technology in 28 hypermarkets in Romania, which will navigate customers around the store and highlight special offers and promotions. Customers will be able to select a special trolley, with a tablet attached. Its use does require some preparation from the customer; they must select the departments they want to visit from a predefined list, and add the products they want to purchase. The device will then calculate the ...

Defence industry companies exported worth more than 88 million dollars in Q1 of 2015

Wednesday, July 29, 2015

1507291032503_spanish_defense.jpg

 The Romanian defence industry companies owned by the Ministry of Economy, Commerce and Tourism exported products worth more than 88 million dollars in the first quarter of 2015. The figure is up by around 11 percent year-on-year, show official figures unveiled by the companies' management at a meeting on Thursday attended by the ministry's ...

The automobile spare parts sector increases in activity in 2014

Wednesday, July 29, 2015

The automobile spare parts sector has registered an increase in activity in 2014, reflected both by the increase in turnover and in the number of employees of the top companies in the field, shows a study by RisCo.ro. According to the research, the spare parts market has an important contribution in Romania’s GDP, number of employees and total export. Most companies active in this field in Romania are greenfield investments of large ...

EUR 1.2M to prepare TAROM's privatization

Wednesday, July 29, 2015

The Ministry of Transport’s strategy in privatization for this year covers the privatization of TAROM, the national air transport company and CFR Marfa, the national railway company, according to Mediafax. In the case of CFR Marfa, RON 5.2 million (EUR 1.2 million) will be paid in the process, of which RON 3.7 million for consultancy and RON 1.5 million for evaluation. Another RON 200,000 will be allocated to advertising and publicity in the process of ...

IAR posts a profit of 31.7 million lei in Q1 of 2015

Wednesday, July 29, 2015

150729103412images__76_.jpg

 State-owned company for aircraft repairs and maintenance IAR Brasov posted a profit of 31.7 million lei in the first half of 2015, nearly 20 times the figure of H1 2014, 1.6 million lei respectively, according to the results posted on the company's ...

Administration Maritime Ports, included in the Plimsoll Top 400 Report

Wednesday, July 29, 2015

The National Company for the Administration Maritime Ports (CNAPM) of Constanta was included in the Plimsoll Top 400 Report, a British publication that analyses the financial performance of the largest companies in the port transports and services industry ...

Over 57% of SMEs expect the economy this year to follow a similar trend to 2014

Wednesday, July 22, 2015

150722102459imm_urile_romanesti_in_stare_critica_dupa_primul_val_de_criza_size9.jpg

Over 57 percent of the Romanian small and medium-sized enterprises (SME) expect the economy this year to follow a similar trend to 2014, with 28.37 percent of SME owners anticipating a downward trend and only 14.52 percent seeing a positive ...

Reuters: Russia's Lukoil approached by Chinese firm for Romanian refinery: letter

Wednesday, July 22, 2015

A Chinese company has approached Lukoil to start talks on buying the Russian firm's refinery in Romania, according to a letter obtained by Reuters, after Lukoil's unit there was accused of money laundering and tax evasion. Earlier this month, Romanian prosecutors seized some of Lukoil's assets in an investigation on suspicion of money laundering - accusations Lukoil denied and then asked for help from the European Commission to fight the ...

AFI Europe borrows 39 million euros from Bank Leumi Romania to finalize the project AFI Park

Wednesday, July 22, 2015

150722102812L2_Cotroceni.jpg

AFI Europe has signed a financing agreement of 39 million euros with Bank Leumi Romania to finalize the construction of office buildings AFI Park 4&5, the fourth phase of the project AFI Park in Bucharest, company representatives announced on Monday in a release.AFI Park ...

Hunedoara Energy receives first trance of a 37.8 M EUR state aid

Wednesday, July 22, 2015

According to an Emergency Ordinance on granting Hunedoara Energy Complex (CEH) a state aid totalling RON 167 million (EUR 37.8 million), the first tranche has been paid to the state-owned electricity and heat producer, a statement by the Ministry of Energy, SMEs and Business Environment shows. In April the European Commission approved the rescue aid for Hunedoara Energy Complex, while in return Romania has committed to submit a restructuring plan for the energy ...

U.S. EMBASSY HAS SELECTED COBRALI 2000 SRL as its July 2015 Entrepreneur of the Month

Wednesday, July 22, 2015

150722102913charge_eom_caracal_hp.jpg

According to the press release sent by the US Embassy to Bucharest, COBRALI 2000 SRL was selected as its July 2015 Entrepreneur of the Month. The Entrepreneur of the Month Program highlights individuals and companies that exemplify the best attributes of entrepreneurship. An entrepreneur sees the potential in a new idea and then takes a bold, often risky step, using only his or her ability, drive and courage to turn that idea into reality. Through our Entrepreneur of the ...

Premium News

Daily

Friday, July 31, 2015

Financial & Banking

Monday, July 27, 2015

Economic

Tuesday, July 28, 2015

Companies

Wednesday, July 29, 2015

Energy & Environment

Thursday, July 30, 2015