Analysis
CITR: Around 3,200 Major Businesses In Romania Heading For Imminent Insolvency
Less than 3% of all active businesses in Romania (less than 20,000) have turnovers of more than EUR1 million and a decisive role in the Romanian economy, and 3,200 of them are insolvent but...
IT, Telecom, Banking And IPOs To Generate Largest Deals Of 2014
The initial public offerings of two state-run companies, Electrica and CE Oltenia, that the Economy Ministry announced, the consolidation of the banking sector and the deals in the telecom i...
Press Review - March 27, 2014
Misu Negritoiu Proposed To Head ASF Misu Negritoiu, chairman of ING Bank Romania, was proposed as president of Romania’s Financial Supervisory Authority ASF, Prime Minister Victor Ponta said...
Over 170 Romanians Had Wealth Of Over $30M In 2013, Three Were Billionaires
A number of 172 Romanians had net assets of at least $30 million last year, four more than in 2012, and 108 more Romanians will reach such wealth by 2020, according to a global study on priv...
Press Review - March 26, 2014
Venice Commission: Constitution Revision Draft Needs Further Improvements The Venice Commission decided that the draft law on revising the Romanian Constitution requires several improvements...
Eurobarometer: 7% Of Romanian Employees Are Paid "Envelope Wages"
Romania has a high percentage of employees paid cash in hand, of 7%, higher than the EU average of 3%, according to a Eurobarometer survey.
Press Review - March 25, 2014
Hidroelectrica Administrator Seeks To Replace 80% Of Management In Two Months The legal administrator of Romania’s insolvent hydropower producer Hidroelectrica wants to replace 80% of the co...
Press Review - March 24, 2014
Romania Sees Biggest House Price Fall Among 42 Countries Worldwide In 2013 House prices in Romania reported the biggest fall among 42 countries in the world in 2013, namely 10.43%, compared...
Press Review - March 21, 2014
Integrity Agency Found Several Local Elect Incompatible With Public Office Integrity agency inspectors have found several local officials had several positions and capacities which made them...