Companies
A 30-Year Old Romanian Woman Coordinates Europe Marketing For McLaren
Raluca Novak is 30 and nine months ago took over, in London, the position of marketing manager for Europe at McLaren Automotive, the luxury automaker, in charge with 11 markets in Europe. Pr...
Romania's Furniture Exports Up 17% In 2013
Furniture exports reached EUR1.7 billion last year, up 17% on 2012, a surprising performance unparalleled in the last five years, according to data provided by Romanian Furniture Manufacture...
DIY Retailer Obi To Leave Romania - Sources
German DIY retailer Obi is preparing a withdrawal from the Romanian market this year after registering losses each year starting 2008, when it opened its first Romanian store, people close t...
SMEs In Romania Recover Below 2% Of Money Owed By Insolvent Clients
Small and medium-sized enterprises (SMEs) in Romania recover below 2% of the money owed by their insolvent clients and it can take more than two years to recover the money, according to cred...
Bricostore Romania Stores Had Sales Of GBP72M And Profit Of GBP1M In June-Dec 2013
Bricostore Romania stores, which will be rebranded into Brico Dépôt after their takeover by Britain's Kingfisher last year, had sales of GBP72 million (EUR85 million) in June-December 2013 a...
BNR: Romania Private Lending Extends Decline In February
The lending activity in Romania settled on a downward slope, as demand for loans was scrimpy in the second month of the year, despite interest rate reductions in recent months.
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.
Ford Fine Cancelled By Government Debt To Carmaker
US carmaker Ford will have to receive EUR15 million from the Romanian government even though the company should have been fined EUR14.25 million for its breach of the privatization contract.
Sika Expects Single-Digit Growth In Romania In 2014
The cash shortage and limitations of the public investments are the main challenges the Romanian constructions industry is facing, according to Ileana Nicolae, the executive who has run the...