Companies
Basescu Signs Decree Appointing Daniel Chitoiu Acting Economy Minister
Romania’s President Traian Basescu Thursday signed a decree appointing deputy prime minister Daniel Chitoiu as acting Economy Minister, the Presidency said in a press release.
Ropharma’s Retail Business To Expand To 150 Pharmacies By Late 2014
Pharmaceutical wholesaler and retailer Ropharma could see its retail pharmacy network reach 150 pharmacies by the end of 2014 from the current 126, says businessman Mihai Miron, who controls...
Mengotti Owner Says Luxury Store’s Sales Started Falling After Wave Of Monobrand Openings
Adriano Mengotti, who first came to Romania ten years ago, in the early days of the luxury market, says sales of his multibrand Mengotti store on Calea Victoriei street in central Bucharest...
Government Approves Emergency Decree On State Guarantees For SMEs
Romania’s Government on Wednesday approved an emergency decree that will allow small and medium-sized businesses to access credit lines for working capital of up to RON5 million for a two-ye...
Government Doesn’t Extend CFR Marfa Sale Deadline, Buyer Has To Pay By Monday
Romania’s government has not extended the privatization deadline of railway freight carrier CFR Marfa in Wednesday’s Cabinet meeting, which means the buyer, Grup Feroviar Roman (GFR), has un...
Office Space Transactions Up 25% In January-September
Office space transactions in Bucharest stood at nearly 210,000 square meters in the first nine months of the year, up 25% from the same period in 2012, as activity picked up in the third qua...
Polish InPost To Install 500 Parcel Terminals In Romania
Poland’s second largest postal service provider Integer:pl will set up by the end of the year 200 electronic street terminals in Romania for parcel collection and plans to set up 300 more te...
Government Must Cut VAT, Social Security Contributions To Stimulate Economic Growth - Investors
Romania’s Government must reduce the value added tax back to 19%, lower social security contributions and eliminate taxes on reinvested profit to ensure sustained economic growth, according...
Hochtief Solutions To Upgrade Mihail Kogalniceanu Airport For EUR18M
German firm Hochtief Solutions will upgrade the Mihail Kogalniceanu International Airport in Constanta, southeastern Romania, for EUR18 million, after the project was cleared by the Buchares...