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Cosmetic Plant turnover up 20 pct in H1 2015

Cosmetic Plant, a Romanian cosmetics producer, has registered a turnover of RON 5 million (EUR 1.13 million) during the first half of 2015, according to company sources. This is a 20 percent increase year on year.

Deal of the decade, finalized

Lafarge Romania’s plants sold to Ireland’s CRH

Railway needs investments of 17.4 billion lei, four times more than government offers

The National Railway Company CFR estimates that railway infrastructure needs this year investments of 17.4 billion lei (3.9 billion Euros), four times more than the financing allocated by the government of 4.6 billion lei. This situation will affect the company in the years to come.

Ford’s business in Romania falls under EUR 1 bln

Ford Romania, the country’s second largest carmaker, which owns a car factory in Craiova, had a turnover of EUR 912 million last year, 17% lower compared to 2013, according to its financial statements submitted to the Finance Ministry.

Two new highway sections to open for traffic this year

Starting in 2016, 300 km of highway will link Sibiu to border with Hungary.

Chinese company is after insolvent Romanian chemical producer

A Chinese petrochemical company is interested in buying Romania’s insolvent state-owned chemical producer Oltchim, and exploiting oil in Romania. The company’s representatives will meet Oltchim’s judicial administrators this week.

Enel invested EUR 3.28 million in plant upgrade

Enel Muntenia Distribution announced it has completed the upgrading(high / medium voltage) of the substation of Chitila, Ilfov. The station supplies energy to over 17,000 consumers and modernization works required an investment of sbout RON 14.7 million (EUR 3.28 million).

About 5% of Romanian carriers enter insolvency every year

About 5% of Romania’s transport companies enter insolvency every year, especially because of infrastructure and tax-related issues, but also because of unfair competition, said Florinel Andrei, secretary general of the Romanian Association for International Road Transport (ARTRI).

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