Romanian
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Romanian insurance market heading for $1bn boom
The insurance market is heading for $700 million this year and, should the H1 45% growth pace keep up, we may be looking at one billion dollars next year. The soaring numbers can be grounded...
Romanian furniture market shrinks, productivity goes up
Furniture companies managed to hold on to their earnings by increasing productivity, although demand on the European markets has been shrinking. Productivity in the furniture sector increase...
LNM Holdings eyes bigger slice of Romanian steel industry
Steel group LNM Holdings, owner of the main stakes in Ispat Sidex and Tepro Iasi, may significantly increase its presence on the Romanian market this year. LNM is the only group to have subm...
First time on domestic market, AND takes syndicated loan from Romanian banks
A first time for the Romanian financial market: a company, even if state-owned, manages to get a syndicated ROL-denominated loan from Romanian banks instead of getting it in foreign currency...
Lafarge's Romanian operations up
French construction supplies group Lafarge has seen "strong growth" in Romania and other markets, albeit its global turnover in H1 went down 11% from last year. "The good conditions on the m...
UPC puts Romanian investments on stand-by
The shareholders of UPC, the third-largest cable TV operator on the domestic market in terms of subscribers, are willing to make significant investments in Romania, but would rather wait for...
Romanian oil market needs $2.8bn investments
The Romanian oil market needs $2.7-2.8 billion for the next 3-5 years. However, according to Joel Maes, president of the Shell group in Romania, there is one major problem: the industry does...
Veolia to water Romanian villages
Veolia Water, division of Veolia Environnement (formerly known as Vivendi Environnement), a water, energy, transports and sanitation operator is planning to expand operations on the Romanian...
Diesels gain ground on Romanian market
Romania is following the lead of the Western European auto markets. Just like in Germany, France or Belgium, the sales of diesel motors have outgrown the popularity of gasoline vehicles on t...