UPC Romania 1Q Revenue Down 6.4% To $33.4M
05.11.2012
Revenue of cable operator UPC Romania fell 6.4% to $33.4 million in the first quarter of 2012 compared with $35.7 million in the same period a year ago, parent company Liberty Global said in its financial report released Friday.
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Posta Romana To Lay Off 6,500 Employees, Almost 20% Of Staff today, 17:12
Romania's state-owned postal operator, Posta Romana, will sack almost 20% of its staff to avoid insolvency, with 1,029 employees to leave over the... more
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Former Microsoft Romania GM Appointed Communications Ministry State Secretary yesterday, 19:06
Ovidiu Artopolescu, former general manager of Microsoft Romania, has been appointed secretary of state with the Romanian Communications Ministry. more
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Nica: Without Restructuring Plan, Posta Romana Will Go Under yesterday, 17:47
The board of Romanian state-owned postal operator Posta Romana will discuss Friday a plan to restructure the company and avoid bankruptcy,... more
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Romania’s Revenues From Internet Access Services Up 4% In 2011, To RON2B yesterday, 13:25
Romanian operators’ revenues from internet access services reached 2 billion lei (EUR454 million) last year, up 4% from 2010, and accounted for... more
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Ponta Calls For Financial Checkups At Two State-Run Companies 05.16.2012
Romanian Prime Minister Victor Ponta on Wednesday said he will ask the Government Control Body to check on the situation at state-run postal... more
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Razvan Badalicescu, Former Head Of Citi’s Corporate Operations, Leaves RCS&RDS 05.11.2012
Razvan Badalicescu, former executive vice-president in charge of the corporate banking division of Citibank, has left the telecom group RCS&RDS... more
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Cosmote Romania 1Q Revenue Up 9.4% To EUR117.4M 05.10.2012
Revenue of mobile operator Cosmote in Romania climbed 9.4% in the first quarter of 2012 compared with the same interval a year ago to EUR117.4... more
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Romtelecom 1Q Revenues Down 3.7% To EUR160.2M 05.10.2012
Romanian telecom operator Romtelecom posted a 3.7% drop in revenues in the first quarter of the year to EUR160.2 million, and its earnings before... more
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Siemens CEO: We Can’t Replace Everything With Wind And Solar Power 05.10.2012
Peter Loescher, chairman and chief executive officer of Siemens, believes that despite the growth of the green power sector, coal and natural gas... more
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Euronet Paid $18 Million To Buy Payment Processor PayNet 05.10.2012
Euronet Worldwide paid $18.3 million to some Greek investors to buy card-processing provider Smart PayNetwork (PayNet) at the end of last year, the... more
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RCS&RDS Accuses ANCOM Of Favoring Orange And Vodafone In Tender Documentation 05.09.2012
The decision of telecom regulator ANCOM to change a provision in the tender documents for the auction that will decide which operators will offer... more
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ANCOM To Change Strongly Challenged Provision In Auction Documents For Telecom Licenses 05.09.2012
Romanian telecom regulator ANCOM will change the tender paperwork for the largest radio spectrum auction in Romania so that mobile operators Orange... more
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Omnilogic 2011 Turnover Down 43% To $91M
05.08.2012
The turnover of Romanian IT service provider Omnilogic shrunk 43% last year, to $91 million, in line with the results of the local IT market, said... more
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Posta Romana To Be Reorganized And Privatized Until Yearend 05.07.2012
Romania’s Communications Minister- designate Dan Nica said the privatization of state-run postal operator Posta Romana will be completed until... more
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Romanian Parliament Committees Endorse Dan Nica For Communications Minister 05.07.2012
Romania’s parliamentary committees hearing proposed ministers on Monday have endorsed Dan Nica for minister of communications with 21 to one votes. more
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Samsung Romania Expects To Sell Galaxy S III In The Tens Of Thousands 05.07.2012
Samsung Galaxy SIII, Samsung ‘s new spearhead in the battle against rivals Apple, Nokia and HTC, will become simultaneously available in the... more
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Romania Unable To Meet Deadline For Tender On Study For Broadband Internet Project
05.03.2012
The tender for a feasibility study for the Ro-NET project, to develop broadband Internet infrastructure in Romania, which will receive EUR84... more
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Siemens Romania Turnover Exceeded EUR500M In Last Three Years 05.03.2012
German group Siemens' turnover on the Romanian market exceeded EUR500 million in the last three years from its operations in industry, energy,... more
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Orange Romania 1Q Revenues Flat On Year, To Nearly EUR220M 05.03.2012
Mobile telephony operator Orange Romania posted revenues of EUR220 million in the first quarter of 2012, compared to EUR222 million in the same... more
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EBS Romania 1Q Turnover Up 57%, To EUR2.8M
05.02.2012
Software solutions provider EBS Romania on Wednesday reported a turnover of EUR2.8 million in the first quarter of 2012, up 57% compared with the... more
Romanian carmaker Dacia said Thursday it will launch two new car models, five-seat car Dokker and commercial vehicle Dokker VAN, in the
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Agricultural seeds producer KWS, a company with EUR0.9 billion in revenues from worldwide operations, has already run out of the corn
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Bunge, one of the largest vegetable oil producers in Romania, got the Competition Council’s approval to take over the oil plant in
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The Muntmarks were among the first people to set their eyes on the wind power three years before Romania became a EU member and now one
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Romania fell one notch to fourth place in a ranking of the most attractive destinations for private equity funds in Central and Eastern
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Despite the freeze caused by the heavy snowfall and the govenrment change, the economy remained constant in the first quarter compared
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Businessman Dan Sucu, who controls the Mobexpert business, worth around EUR113 million last year, says he was surprised by the good
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Vouchers for the clunkers scheme are traded on the market at prices ranging between RON2,600 and RON3,000, three times more than in
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Spanish developer Heliotech and its Romanian partner Solar Systems will develop a solar power project worth over EUR55 million in
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Ford Europe completed the EUR675 million investments in the plant in Craiova six months ahead of schedule and began production of the
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ArcelorMittal Galati CEO: Productivity Must Increase, The Good Old Days Won't Return
Limits are only in our minds, and if the bad news is that it is tough out there right now and the good old days will not be back, there is also good news. This is but part of the philosophy of Bruno Ribo, the new chief executive of the ArcelorMittal steel plant in Galati, Romania.
