Companies
GSK Romania Sales Slightly Down In 2012 On Increased Competition For Generics
Sales of GlaxoSmithKline’s Romanian subsidiary declined slightly last year to RON637.4 million from RON643.8 million in 2011, according to Cegedim data, which GSK Romania manager Pascal Prig...
Romania Ups Gross Minimum Wage To RON800 As Of July
The gross minimum wage in Romania will increase from RON750 to RON800 a month, or RON4.74 an hour, as of July 1.
Lego Posts EUR6M Turnover In First Full Year On Romanian Market
Lego Romania, the local subsidiary of Danish toy maker Lego, had a turnover of nearly RON27 million (EUR6 million) and a net profit of RON403,000 (EUR90,000) in 2012, its first full year on...
Romania Raises Caps For Directly Awarded Public Contracts As Of July
Romania has doubled the threshold on public services and product contracts awarded directly from EUR15,000 to EUR30,000 and raised the threshold on public works contracts awarded directly fr...
Romania Could Get EUR400M EU Funds In 2014-2015 To Reduce Youth Unemployment
Romania could get EUR400 million in 2014-2015 to reduce youth unemployment under a EUR6 billion program set by the European Council, president Traian Basescu said Friday.
Romania To Introduce Lump Sum Tax In Tourism As Of October 1
Romania’s minister-delegate for SMEs and Tourism Maria Grapini said Friday the methodology for lump sum taxes in tourism has been finalized and the tax will be levied as of October 1.
GFR Will Likely Sign CFR Marfa Privatization Contract Next Week
The contract by which Romanian private railway company Grup Feroviar Roman (GFR) takes over 51% in freight railway carrier CFR Marfa is pending government approvals and will most likely be s...
E&Y Survey: 70% Of Romanian Managers Expect Turnover, Profit Growth In 2013
Romanian managers’ expectations concerning turnover and profit increase this year were almost the same in June as in January 2013 and about 70% of them expect growth, according to a survey c...
Lawyer Gabriel Zbarcea Earned EUR4M In 2012
Gabriel Zbarcea, who runs one of the largest law firms in Romania together with Florentin Tuca, told ZF Live that the income he earned as managing partner of Tuca Zbarcea & Asociatii amounte...