Companies
Insurers Outside PAID May Sell Mandatory Home Insurance Under Collaboration Protocols
Insurers that are not part of the Romanian Pool of Insurance Against Natural Disasters (PAID) will be allowed to sell mandatory home insurance policies under collaboration protocols with PAI...
NEPI Confirms Acquisition Of Deva Retail Park Which Includes Metro And Praktiker
South-African investment fund NEPI (NEP.RO) is awaiting the approval of the Competition Council to acquire the Deva Shopping Center project (western Romania), which includes stores of Metro...
Romania Central Bank Will Do Everything Possible To Balance Loan Rates
Romanian central bank governor Mugur Isarescu Wednesday said that his bank would do “everything possible” to help narrow the gap between interest rates on domestic and foreign currency loans...
Isarescu: Abusive Clauses Are Part Of Signed Contracts
The so-called abusive clauses denounced by bank debtors are part of the loan contracts they have signed and therefore should be accepted as such, Romanian central bank governor said Wednesda...
TMK Artrom Reports RON1.9M Profit In 1H/2013
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, registered profit of 1.9 million lei (EUR430,000) in the first half of 2013, way below RON33.9 million repo...
Kaufland Reached Around 12,000 Employees In Romania In 2012
Kaufland, the largest food retailer on the Romanian market, reached around 12,000 employees in Romania in 2012, according to Trade Registry data centralized by ZF.
Largest 100 Employers Lost 36,000 Employees Since 2008
The 100 largest employers in Romania, which together have 520,000 employees (12% of the total number in the economy), reported a decline of 36,000 employees between 2008 and 2012, according...
Central Bank Deputy Governor Shares Businesses With E-Boda Founder
Bogdan Olteanu, deputy governor of the Romanian central bank, last year became shareholder with half of the shares in two companies where he partnered with Alexandru Dragoiu, the owner of el...
Why Documents For Black Sea Reserves Of $20B Are Classified
A new addendum with classified content has been added to the concession agreement for oil exploration, development and exploitation in the Neptun block of the Black Sea, with the main explan...