Companies
Posta Romana To Sack 3,650 Employees Starting September 3
Romania’s state-owned postal operator Posta Romana will lay off 3,650 employees, or 11% of its staff, starting September 3, as part of the company’s restructuring plan.
Deloitte: Managing Cash Flows Priority For Romanian CFOs; Obtaining Loans To Remain Difficult
Increasing revenues from current and new markets and cutting cost are the main priorities of Romanian chief executive officers, who must also focus on generating and managing cash flows, as...
Asirom To Sell Mandatory Home Insurance Under Protocol With PAID
Romanian insurer Asirom VIG has signed a collaboration protocol with the Pool of Insurance Against Natural Disasters (PAID), which allows it to distribute mandatory home insurance policies,...
Romania Seeks Legal Adviser To Finalize Romtelecom Sale
Romania’s IT&C Ministry will organize an auction on September 6 to acquire legal services in view of finalizing the sale of a 45.99% stake in hard line telephony operator Romtelecom.
Ten Second Tier Fashion Retailers See EUR60M Sales From Over 100 Stores
Although international giants like Inditex (Zara), H&M and C&A dominate the Romanian fashion retail, some second tier foreign brands have developed on this market, too.
Prodplast Borrows RON5M To Finance Operations
Romanian plastics producer Prodplast (PPL.RO) Monday said it has borrowed 5 million lei (EUR1.1 million) from UniCredit Tiriac Bank to finance its activity.
Posta Romana Plans To Sell Services And Products Of Telecom Operators
Romanian state-run postal company Posta Romana said it plans to sell services and products provided by telecom operators, through its national network of postal units.
BNR: Romania Private Lending Falls To RON221.4B In July
Romanian private lending inched down 0.9% in real terms to 221.43 billion lei (EUR50.3 billion) in July, from roughly RON224.2 billion a month earlier, central bank data showed Monday.
PwC: Romanian Private Sector Wage Raises Slowed Down In 2013
Wage raises in the Romanian private sector slowed down this year to 4.6%, from 5.1% in 2012, but were above the inflation rate, according to this year's edition of the salary and benefits su...