Added on August 19, 2014
BUSINESS NEWS
Romanian company to export coal daily to Serbia for a year
Romanian state-owned energy company Complexul Energetic Oltenia will start exporting coal to Serbia this month, based on a one-year contract. About 20,000 tonnes of coal will be delivered daily. ‘The contract is a breath of fresh air for the company,’ said Daniel Antonie, the company’s mining division head. The company was close to sending its […]
New vehicle sales, up by a third in first seven months in Romania
Sales of new cars and commercial vehicles on the Romanian market totaled 57,019 units in the first seven months of 2014, 31% more than in the same period of 2013. For the passenger cars segment, the growth was 32.7%, to 47,857 units. In July, total vehicle sales were 9,982 units, down 5.2% compared to June, […]
Top spots for Romania for export and import growth in the EU
Romania was in EU’s top 3 for export growth, but came first when it came to increases in imports, according to data from Eurostat. Thus, Romania’s exports registered an increase of 8% in January-May this year, compared to the same period in 2013, reaching the value of EUR 21.3 million. Similar increases were registered by […]
Siemens opens new R&D center in Romania, with EUR 4.5 mln investment
Siemens expands its presence in the IT field in Romania by opening a new R&D center in Cluj, under the brand of its subsidiary Evosoft. The company plans to hire over 200 people by 2017, who will work on global projects of software and product development for all Siemens divisions. Opening the new location required […]
Romania’s largest electricity producer expects EUR 225 mln profit this year
State-owned Hidroelectrica, Romania’s largest electricity producer, expects a gross profit of over EUR 225 million this year, some 10% higher than in 2013, according to Ziarul Financiar. In the first seven months of the year, the company made a gross profit of about EUR 135 million. The larger profit forecast is supported by a larger […]
Bucharest’s AFI Palace Cotroceni retailers register lower sales in the first half
The retailers in the AFI Palace Cotroceni shopping center in Bucharest registered sales of EUR 92.3 million in the first half of 2014, down 3.1% year-on-year, while revenues from rents increased by 4.2% to EUR 14.6 million, reports local Wall-street.ro. In the first six months of 2013, the shopping mall generated sales of EUR 95.4 […]
Romanian Lemet sells EUR 52 mln worth of furniture in 2013
Romanian furniture producer Lemet recorded last year, through its own network of Lem’s stores, sales of some EUR 52 million, up 10% year-on-year. In 2013, the furniture market stood at around EUR 757 million, a level similar to the one registered the year before. Over 20% of the sales registered by the Lem’s network were […]
Source: http://www.romania-insider.com/
