Companies
Vosganian: Romania Must Retain Majority Control Only Over Strategic Companies
Economy Minister Varujan Vosganian Thursday said the Romanian state must come to hold majority control only over several companies in the energy and defense sectors by 2016.
Benovo Takes Over Romanian Aversa’s Assets; Has EUR40M In Store For New Acquisitions
Benovo Capital, owned by Canadian businessman Michael Topolinski, Thursday said it took over the assets of Romanian insolvent pump maker Aversa and also announced it has over EUR40 million a...
Minister: Romania Must Give Foreign Firms Reasons To Keep Investing Locally
Romanian authorities must give foreign investors reasons to keep investing locally and the pharmaceutical industry can help recover the gap created by the gradul decline in foreign direct in...
Lasselsberger's Ceramic Tile Sales In Romania Up 15% In Volume In 1H/2013
Austrian group Lasselsberger’s sales of ceramic tiles in Romania rose 15% in volume on the year in the first half of 2013, due to investments in modernizing and developing the portfolio of p...
DAAS Romania Targets 10%-15% Higher Sales In 2013
DAAS Romania, supplier of equipment and services for the HoReCa and food retail businesses, registered 15% lower sales on the year in the first half of 2013, because the retail sector slowed...
Michael Topolinski Buys Bankrupt Pump Maker In Bucharest
Canadian businessman Michael Topolinski has acquired bankrupt pump maker Aversa in Bucharest and was assisted in the transaction by law firm Biris Goran.
Executives At Romanian Small Companies Get Average Gross Pay Of EUR116,300/Year
General managers in Romania, at companies employing 200 to 300 people, receive average gross pay of EUR116,300 per year, bonuses included, one of the lowest levels in Europe, according to a...
Romanian Government Converts Posta Romana’s Debts Into Shares
Romania’s Government Wednesday approved the conversion into shares of the state budget debts registered by postal operator Posta Romana, ahead of the company’s privatization.
Gabriel Resources To Ask For Up To $4B In Compensation If Romania Rejects Rosia Montana Project
Canada's Gabriel Resources will sue the Romanian government if Parliament next week votes to kill the Rosia Montana mine, Europe’s biggest gold mining project, The Globe and Mail reported on...