The medicine producer Sintofarm (SINT) summoned its shareholders at the end of December to decide on selling equipment, trademarks and other shares and on taking over the name Imosint and change the field of activity for real estate development. Shareholders must decide on selling the whole trade fund of the company except for buildings. The meeting will be held on December 21. Sintofarm has a factory in Bucharest. Last year the company reported a net business figure of 6.17 million lei, on the drop by 13% from 7.08 million lei in 2013 , when net profit dropped to less than a half, from 1 million lei in 2013 tp 470,000 lei in 2014. In the first nine months of 2015, the net business figure was 4.72 million lei, very close to the one registered the previous year - 4.66 million lei. Gross profit was 493,825 lei, on the drop by 9% compared to 542,347 lei last year. Sintofarm shareholders are Generalcom - 27.99%, Interfinance Capital Investment (Gibraltar) - 26.27%, Iberestate International - 15.37% and SIF Muntenia (SIF4) -13%, while the rest of shares belong to other investors. Generalcom (GECM) is a company specialised in managing commercial areas and has shares at Centrofarm and Sintofarm. The main shareholders of Generalcom are Iberestate International -45.6% and the Portuguese businessman Alain Bonte -36.93%. The rest of shares is owned by other shareholders. Bonte is chairman of the Administration Board of Sintofarm, while Radulescu Niculina is vice-chairman. They are also managers of Generalcom, where Bonte is president and Radulescu general manager.
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
Bucharest Tribunal rejected on Wednesday, December 17, an appeal filed by former presidential candidate Călin Georgescu against a lower court decision to keep him under judicial control in a case in which he is accused of promoting legionary ideology. The ruling is final,
European chief prosecutor Laura Codruța Kovesi, the former head of Romania's National Anticorruption Directorate (DNA), said she was “shocked” by the revelations made by magistrates in the Recorder documentary ‘Captured Justice,' released on December 9. The media investigation, which fueled major street protests in Romania, details how...
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
The minister of economy, Radu Miruţă, announced that the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP) fined him, as a natural person, for "wanting a clean and fair management at a state-owned company" - Avioane Craiova. The fine is apparently linked to comments made by minister Miruţă about the management teams appointed […]
