Viewing posts from : August 2014
7546242532_ecf7056731_h

Romania took fourth place in CEE in Coface’s Top 500 companies

Romania came out fourth in a recent Central and Eastern European ranking, with 48 of the 500 companies included in the ranking. By turnover, it took fifth place, with EUR 46.4 billion generated by these companies, and by profit, third, with EUR 2 billion profits in 2013. In the previous Coface’s ranking, Romania had six […]

read more
Fotolia_86722933_M

Twitter expands its advertising service to Romania

Twitter, one of the most popular international social networks, will expand its advertising service, Twitter Ads, to 12 new markets in Europe, including Romania. This will allow companies in Romania to promote their brands and services on the social network. “Today, we’re excited to announce the expansion of Twitter Ads to 12 additional markets in […]

read more
Fotolia_67501896_XL-3.jpg

Record crops for Romania this year, despite the bad weather

Despite the bad weather Romania has experienced one of the best years for agriculture. Local farmers harvested 7.37 million tons of wheat and barley, slightly above the 2013 crop. As announced by the Agriculture Ministry, the rape seed production exceeded 1 million tons this year, a record since 1970. The heavy rains in June posed […]

read more
Fotolia_87524769_M

Romanian pharma producer Biofarm to buy back 10% of its shares

Romanian pharma producer Biofarm Bucuresti will buy back 10% of its own shares via a public offer on the Bucharest Stock Exchange. The buyback price is RON 0.305 per share and the total value of the offer is EUR 7.5 million. The offer starts on August 26 and ends on September 15 and will be […]

read more
8021001821_c2597ee993_h

Romanian PM appoints new budget minister

Romanian Prime Minister Victor Ponta has named Darius Valcov to replace Liviu Voinea as budget minister. He sent the nomination to President Traian Basescu who already rejected Ponta’s first nominee for this job Claudiu Manda. Basescu has to accept this second nomination. Just like Manda, Valcov is a young politician, 37 years old. He has […]

read more