July 23, 2014

Price of Romanian wheat reaches minimum of past four years
Jul 23, 2014

Price of Romanian wheat reaches minimum of past four years.
The price of wheat dropped suddenly by 10 per cent from EUR 164 per ton to EUR 147 per ton in only a week, so that the wheat production is not going to bring much money to the economy although the increase in amount is at least 2.7 per cent compared to last year, reports (...)
[Read the article in Nine O`Clock]

SIF Moldova Made The Most Of Its BCR Stake Three years from the exit from BCR, the largest local bank, SIF Moldova (SIF2.RO) gained the most of all the four regional investment funds (SIF) that sold their stakes in the bank, getting about 640 million lei (EUR144 million) in cash and from the sale of the Erste Bank shares over time, (...)

Lufkin Plans To Boost Production At Its Ploiesti Plant The plant US-held Lufkin opened in Ploiesti has been exporting oilfield equipment to various parts of the world from North America to Africa for more than a year now. The plans are to boost production from four to five pumping units a day to about six to eight; one such product may cost as much (...)

FrieslandCampina: Lower VAT On Food Would Help Economy A lower VAT on dairy products, meat and other foods would have a positive impact on the local economy, since Romanians spend as much as 50% of their income on food, says Cornel Caramizaru, sales manager of FrieslandCampina Romania, one of the largest dairy companies in the (...)

Ghetea: CEC Bank Needs Strategic Shareholder Radu Ghetea, who has been at the helm of Romanian state-run CEC Bank since 2007, says he wants the bank to be more active on the lending market but this depends on finding new capital sources and one solution is for the bank to attract an international financial institution in its shareholding (...)

Polish Investments In Romania Hit EUR224M In 2013 Romania registered Polish direct investments worth EUR224 million worth in 2013, large Polish-held companies operate businesses worth tens of million euros here and two Polish citizens hold major positions on the local capital (...)

Medlife Breaks Generali Insurance Venture, Prepares New Retail And Corporate Insurance Romania’s private healthcare operator MedLife gave up Vital retail insurance developed jointly with Generali insurer, but announced it planned to launch two new products by yearend.

Culita Tarata Died Two Months And A Half After TCE 3 Brazi Went Bankrupt Culita Tarata, one of the best-known and influential Romanian farmers, died on Friday night, only two months and a half after his company TCE 3 Brazi went bankrupt, with debts of almost EUR30 million. : all romanian news. Copyright © DIRECTWAY | RSS Romaniapress NEWSNews RSS |