Bucharest’s airports recorded a 1.3 percent rise in passenger numbers to reach 7.5 million in 2012. During the last year, budget airline services were transferred from Baneasa to the main Otopeni airport.
The Fondul Proprietatea announced that the fund has attracted the largest ever foreign investment to Romania’s capital market since its listing – three quarters of a billion euros.
There was potentially bad news for Romania’s small businesses with the announcement of a new mandatory income tax. Differing fortunes for state-owned companies – the Romanian Post secured a EUR 22 million loan, but Metrorex suffered a huge funding slash to the budget for the new metro line 5 currently under construction.
More infrastructure developments with the announcement of a EUR 30 million investment in upgrading work at Constanta airport.
On the companies side, there were some important local developments. Romanian pharmaceutical company Antibiotice Iasi announced new exports to the US following FDA approval and Italian firm De’Longhi said production at the Jucu plant in County Cluj would start in February.
Finally, a step was taken towards meeting the IMF’s demands when a court ruled that state-owned chemical factory Oltchim could enter insolvency.
Top business stories of the last week below.