Exxon (NYSE: XOM) has recently announced that it is planning several open tenders for the drilling for natural gas in the Black Sea bed and subsequent operations at the beginning of November, as part of a larger operation that it has started together with Petrom (BVB: SNP), Romania’s largest energy company (and largest overall, in revenue, assets and profit).
Petrom, which used to be the National Petroleum Company of more »
I know that when one thinks of ex-communist countries in Eastern Europe, there is no expectation of a capitalist background or of private initiative any older than 1990, and before that, there is just a blank record of communal ownership of the means of production, underdevelopment and scarcity. But history didn’t start with WWII, and one should take into account the booming business environment of the late 1800’s more »
Financial reports for 2011 have shown, as expected, an exceptional year for cereal traders in Romania, and have consolidated the podium with three of the top global companies.
It is well known by now that if you look up the words “cereal trade” in an encyclopedia, the first explanation it will return will be “Cargill Inc.” No wonder, then, that America’s largest private company has had its eyes on more »
At the beginning of this month, MetLife, Inc. (NYSE: MET) finished the takeover of Aviva plc's (NYSE: AV) branches in Eastern Europe (Aviva Life Czech Republic, Aviva Life Hungary and Aviva Life Romania) in a transaction estimated by market analysts at $90 million.
The deal also includes Aviva Private Pensions Romania, though the purchase is pending authorization from the National Committee for the Supervision of Private Pensions. The Romanian more »
The Burger King ) franchisee for Romania, Atlantic Restaurant System, opened its first restaurant in April 2008, 13 years after the brand’s traditional rival, McDonald’s ) entered the market. The company opened 7 restaurants during the first year, for an investment of 500,000 EUR (800,000 USD in 2008) per store, and targeted an estimate of 50 locations in a 5-year horizon. Plans didn’t work out, though, as more »
Ford's (NYSE: F) Romania plant has started the production of its award winning EcoBoost 1.0L – 125Hp petrol engine simultaneously in Craiova, Romania, and Cologne, Germany. The company announced an estimate of 30,000 engines to be delivered from the factory in south-east Romania during the second half of 2012, followed by an increase to approximately 150,000 units in 2013. According to Ford Romania's President, Jan Gijsen more »