Companies
CFR Seeks Consultant To Draft Restructuring Plan For EUR1.23M
Romania's state-owned railway company CFR SA is seeking a consultant to draft and implement a detailed restructuring plan under a EUR1.23 million contract to be financed using part of a loan...
Eurobarometer: 64% of Romanians Consider Working Conditions In Romania Are Bad
Nearly two thirds of Romanians consider current working conditions in the country are bad, while 55% consider these conditions have deteriorated over the past five years, according to a Euro...
Groupama Revenues Down 11% In 2013, To RON718M, On Reduced Car Insurance Exposure
Groupama Romania underwrote premiums of RON718 million in 2013, down 11% on the year, as it decided to reduce its exposure on the mandatory car insurance (RCA) segment, the company said Thur...
Immofinanz Rented Out 5,400 Sqm Of Office Space In Bucharest In Recent Months
Austrian Immofinanz Group, one of the largest property investors on the Romanian market, has attracted tenants for nearly 5,400 square meters of office space in recent months in the Iride Bu...
Geberit Sales In Romania Top EUR6M In 2013
Swiss sanitary parts and systems maker Geberit had sales of over EUR6 million in Romania in 2013 and estimates a growth of up to 10% this year, driven by growth in the construction sector an...
How Communist Authorities Wooed IKEA Founder To Buy Romanian Furniture In The ‘60s
IKEA, the world’s biggest furniture and home décor retailer, opened its first store in Romania seven years ago, but the Swedish group had been operating in Romania for several decades.
Hidroelectrica’s Supervisory Board Dissolved After Company Went Insolvent
The supervisory board of Hidroelectrica, Romania’s largest energy producer that entered insolvency for the second time on February 25, has been dissolved, and none of the members appointed i...
Building Material Market Hopes To Leave Crisis Behind
The building material market stayed around EUR3.2 billion last year, approximately the same as in 2012. The industry employs 36,000 people and accounts for about one third of the overall con...
Government Approves Aid Scheme For Companies Creating At Least 20 Jobs
Romania's government approved an aid scheme Wednesday whereby the state will cover part of the salary costs for a two-year period for companies creating at least 20 new jobs.