Viewing posts from : August 2014

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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