Year's
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Commodities Exchange, still adrift after 16 years
The Romanian Commodities Exchange, the place where commercial transactions should generally be conducted is, after 16 years, still in a burgeoning stage of development. The low volume of transactions is RCE's main problem, alongside legal errors, according to...
Porumboiu gets best harvest in 3 years
Businessman Adrian Porumboiu, who owns 47,000 hectares of farmland through Vaslui-based Racova Agro Pan group, has harvested 140 thousand tonnes of wheat and 36 thousand tonnes of rapeseed,...
Enterprise Investors contemplates exit from Macon Deva in three years
Polish investment fund Enterprise Investors, which owns construction materials producer Macon Deva, might exit the company in 2011, after it recently bought Simcor Oradea in a deal worth 53...
Gregory's targets nine outlets over two years
Gregory's Romania, the domestic subsidiary of Greek fast-food outlet Gregory's, is set to open four restaurants in Bucharest this year and add a further five in 2009 in the wake of investmen...
Wizz Air: Six-month results are close to last year's
Hungarian airline Wizz Air transported 370,000 passengers in the first six months of this year on flights to and from Romania, close to last year's level of 415,500 passengers. The company's...
NBR: 137m-euro profit after years of losses
The rising prices of gold and RON decline have driven the central bank's balance sheet into the black. Last year, the National Bank generated net income worth a little more than 137m euros,...
Stock Exchange ends its worst six months in 10 years
The BET index (which reflects the trend of the 10 most liquid shares on the Bucharest Stock Exchange (BSE), has seen an almost 33% decline since the beginning of the year, with the stock exc...
Cadbury Romania to recoup financial losses in three years
Cadbury Romania, owner of confectionery producer Kandia-Excelent, wants to recover last year's losses, worth 1.5 million euros (5.1 million RON), within 3 fiscal years, according to informat...
ATE Bank targets 1 bn-euro credits in 4 years
ATE Bank (Greece's Agricultural Bank), which entered the local market two years ago via the acquisition of a small player, plans to reach credits worth a billion euros in about four years, f...