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UMB Grup
UMB Grup is a privately held company of Romania, mainly active in the construction business (through it subsidiaries "Spedition UMB" and "Tehnostrade") and in the transport and sale of petrol. The company is owned by the Romanian entrepreneur Dorinel Umbrărescu, who also owns Banca Română de Credite și Investiții (formerly ATEbank Romania), and who is commonly known as Romania's "asphalt king". Projects The "Spedition UMB" subsidiary was involved in Romania in the construction of segments of roads, including but not limited to: * The A3 motorway (between Moara Vlăsiei – Ploiești, 43.0 km, and Gilău – Nădășelu – Mihăiești – Zimbor – Poarta Sălajului, entirely 51.8 km) * The A1 motorway A1, A-1, A01 or A.1. may refer to: Education * A1, the Basic Language Certificate of the Common European Framework of Reference for Languages * Language A1, the former name for "Language A: literature", one of the IB Group 1 subjects * A1, a ... (the lot 1 ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Romania
Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, and the Black Sea to the southeast. It has a predominantly Temperate climate, temperate-continental climate, and an area of , with a population of around 19 million. Romania is the List of European countries by area, twelfth-largest country in Europe and the List of European Union member states by population, sixth-most populous member state of the European Union. Its capital and largest city is Bucharest, followed by Iași, Cluj-Napoca, Timișoara, Constanța, Craiova, Brașov, and Galați. The Danube, Europe's second-longest river, rises in Germany's Black Forest and flows in a southeasterly direction for , before emptying into Romania's Danube Delta. The Carpathian Mountains, which cross Roma ...
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Construction
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and comes from Latin ''constructio'' (from ''com-'' "together" and ''struere'' "to pile up") and Old French ''construction''. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The constructio ...
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Petrol
Gasoline (; ) or petrol (; ) (see ) is a transparent, petroleum-derived flammable liquid that is used primarily as a fuel in most spark-ignited internal combustion engines (also known as petrol engines). It consists mostly of organic compounds obtained by the fractional distillation of petroleum, enhanced with a variety of additives. On average, U.S. refineries produce, from a barrel of crude oil, about 19 to 20 gallons of gasoline; 11 to 13 gallons of distillate fuel (most of which is sold as diesel fuel); and 3 to 4 gallons of jet fuel. The product ratio depends on the processing in an oil refinery and the crude oil assay. A barrel of oil is defined as holding 42 US gallons, which is about 159 liters or 35 imperial gallons. The characteristic of a particular gasoline blend to resist igniting too early (which causes knocking and reduces efficiency in reciprocating engines) is measured by its octane rating, which is produced in several grades. Tetraethyl lead and other ...
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Entrepreneur
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ...
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Banca Română De Credite și Investiții
Banca may refer to: Places * Bangka Island, an island lying east of Sumatra, part of Indonesia * Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France * Banca, Tasmania, a locality in Tasmania, Australia * Banca, Vaslui, a commune in Vaslui County, Romania * Banca, a village in Dealu Morii Commune, Bacău County, Romania Other * Banca or Bangka (boat) Bangka are various native watercraft of the Philippines. It originally referred to small double-outrigger dugout canoes used in rivers and shallow coastal waters, but since the 18th century, it has expanded to include larger lashed-lug ships, ...
, a Philippine outrigger canoe {{dab, geodis ...
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ATEbank
The Agricultural Bank of Greece was a commercial bank based in Athens, Greece. The bank was founded in 1929. The bank proclaimed that it would focus on the Balkan bank market, with the business activities of supporting of the agricultural sector. ATEbank held a strong position at Athens Stock Exchange and has become a member of Piraeus Bank in the year 2013. The Bank's development of business activities called for a new name and corporate image as ATEbank. History 1929 / Foundation. Agricultural Bank of Greece is founded as a non-profit organisation, provider of credit to the agricultural sector. The bank mainly aims at implementing programmes for financing both the activities of the primary sector of the economy and the processing and marketing of agricultural products, and enhancing rural development. 1950 Expansion of activities in the agricultural sector. Agricultural Bank founds a number of companies, which produce farming products and exploit resources all over the country ...
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Asphalt Concrete
Asphalt concrete (commonly called asphalt, blacktop, or pavement in North America, and tarmac, bitumen macadam, or rolled asphalt in the United Kingdom and the Republic of Ireland) is a composite material commonly used to surface roads, parking lots, airports, and the core of embankment dams. Asphalt mixtures have been used in pavement construction since the beginning of the twentieth century. It consists of mineral aggregate bound together with asphalt, laid in layers, and compacted. The process was refined and enhanced by Belgian-American inventor Edward De Smedt. The terms ''asphalt'' (or ''asphaltic'') ''concrete'', ''bituminous asphalt concrete'', and ''bituminous mixture'' are typically used only in engineering and construction documents, which define concrete as any composite material composed of mineral aggregate adhered with a binder. The abbreviation, ''AC'', is sometimes used for ''asphalt concrete'' but can also denote ''asphalt content'' or ''asphalt cement'', ...
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A3 Motorway (Romania)
This is a list of roads designated A3. Roads entries are sorted in the countries alphabetical order. * A003 road (Argentina), a road connecting the junction with National Route 9 and Camino de Cintura to Tigre * ''A3 road (Australia)'' may refer to : ** A3 (Sydney), a road connecting the Sydney's Northern Beaches to Sydney's Southern suburbs ** A3 road (South Australia), a road connecting Plympton, Adelaide and Glen Osmond, Adelaide ** A3 road (Tasmania), a road connecting Hobart and Launceston ** Burnett Highway, Queensland ** D'Aguilar Highway, Queensland ** Gympie Road, Brisbane, Queensland ** New England Highway, Queensland * A3 motorway (Austria), a road connecting Knoten Guntramsdorf and Ebreichsdorf * A3 motorway (Belgium), a road connecting Brussel and Liège * A3 motorway (Bulgaria), a road connecting Sofia (via A6) and the border crossing to Greece, at the village of Kulata * A3 highway (Botswana), connecting Francistown and Maun * A3 motorway (Croatia), a road conn ...
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A1 Motorway (Romania)
The A1 motorway ( ro, Autostrada A1) is a partially built motorway in Romania, planned to connect Bucharest with the Banat and Crișana regions in the western part of the country and the rest of Europe. When completed it will be 580.2 kilometers long and it will span the country on the approximative south-east to north west direction. The motorway starts in the western part of Bucharest and connects the following major cities: Pitești, Sibiu, Deva, Timișoara, Arad, reaching Hungary's M43 motorway near Nădlac. As the motorway is built along the Trans-European Transport Networks Rhine-Danube Corridor the construction receives 85% funding from the European Union. The road is part of the proposed Via Carpatia route. As of December 2022, the combined length of the opened sections totals 458.1 kilometers. Other 54.5 kilometers have been tendered. The parts of the motorway currently in service include the Bucharest – Pitești section (109.5 km), the Boița – H ...
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A7 Motorway (Romania)
The A7 motorway ( ro, Autostrada A7), also known as the Ploiești–Siret Motorway ( ro, Autostrada Ploiești–Siret) or the Moldavia Motorway ( ro, Autostrada Moldovei), is a partially built motorway in Romania, that upon completion will link Ploiești to the north-eastern part of the country, partly along the Pan-European Corridor IX. It will run along the route: Buzău, Focșani, Bacău, Roman, Pașcani, and Suceava, connecting to Ukraine's M19 highway near Siret. As of December 2020, the only segment in service is a long section, built as part of the Bacău bypass ( ro, Centura Bacău). All other sections of the motorway are in various stages of planning, tendering and construction, with the first segments expected to be finished by 2024 the earliest. The Pașcani – Siret section will be financed through EU funds, while the government wants the Ploiești – Pașcani section (excluding the Bacău bypass) to be financed through the Romanian PNRR (short for ''Planul Nați ...
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