Companies
IMF Says Lagarde’s Visit To Romania Unrelated To Deal Review
International Monetary Fund’s Managing Director Christine Lagarde will visit Romania “somewhere in mid-July,” IMF spokesman Gerry Rice said Thursday.
Draexlmaier To Fire Nearly 300 Employees In Pitesti, Still Plans To Hire 1,500 People In Romania
Dräxlmaier Pitesti, the German car part maker’s oldest plant in Romania, which makes cables for the auto industry, plans to lay off 8% of its staff, or 292 employees, 2% of all its employees...
IMF Chief’s Visit To Romania Uncertain If CFR Marfa’s Privatization Is Delayed
The head of the International Monetary Fund Christine Lagarde could cancel her visit to Romania scheduled for July 16 if the eastern European country fails to select a winner for the majorit...
EU Opens Infringement Against Romania Over Public Procurement In Road Rehabilitation Tender
The European Commission announced Thursday it has triggered infringement procedures over Romania’s failure to comply with EU public procurement rules in the auction for the rehabilitation of...
Remaining Bidder For CFR Marfa May Be Disqualified Over Demands – Minister
Romanian rail company Grup Feroviar Roman (GFR), the only remaining bidder in the privatization process of state-run freight rail carrier CFR Marfa, may be disqualified due to a series of co...
Sales Of Locally Made Cars In Romania Extremely Low - Carmakers
Constantin Stroe, head of the Romanian auto manufacturers’ association ACAROM, said Thursday sales of locally produced cars on the domestic market is extremely low, making Romania a unique c...
ANCOM To Grant Five Digital TV Licenses By June 2015
Romania’s telecom regulator ANCOM will run a selection procedure to grant five digital terrestrial television licenses by June 2015, the Communications Ministry announced Thursday.
Court Rejects MOL’s Claim To Have Antitrust Fine Annulled
The Bucharest Court of Appeals has overruled Hungarian oil group MOL’s claim to have a RON80.2 million antitrust fine annulled, upholding the Competition Council’s decision.
Good Crops Trigger 15% Lower Wheat Prices
Local farmers will harvest 6.1 million tons of wheat in upcoming weeks, 27% more than last year due to the good weather, therefore, prices are expected to be 15% lower than in the same perio...