Companies
Romania's EU Fund Absorption Rate At 15% In May
Romania attracted EUR712 million in European structural and cohesion fund in the first five months of the year and the country’s fund absorption rate reached only 15% at the end of May, from...
Barley Price 20% Lower Than Last Year
Farmers will harvest barley, which makes a EUR150 million to EUR200 million market a year, in just a few weeks and production estimates show the harvest should be somewhere around 1 million...
MedLife: 5,000 Clients Pay RON100/Day For Private Medical Care
The market of private medical services is valued at EUR600 million, with over 50% of this value being subsidized by the state, said Mihai Marcu, president of MedLife, at ZF’s business show o...
Dobrogea Grup Owes EUR19.5M To Banks And Grain Traders
Bancpost, Banca Italo-Romena, Alpha Bank and Banca Transilvania along with six grain traders including VA Intertrading, CHS, Brise Group, Alfred Toepfer and Cargill have about EUR19.5 millio...
Furniture Companies Would Need 4,000 Trade School Graduates A Year
Furniture industry companies hired 4,700 people last year, but the market is suffering from a lack of skills so they have to invest in training the people they hire, says the Romanian Furnit...
Romania Antitrust Body To Assess Impact Of Lufkin’s Takeover By GE
The Romanian Competition Council will analyze whether the planned acquisition of Lufkin Industries Inc.’s local assets by US General Electric breaches antitrust regulations, the Council said...
Government To Downsize Managing Board Of Financial Supervisory Authority
Romania’s government will downsize the Executive Board of the country's Financial Supervisory Authority (ASF) and will place an 85% tax on the severance pay former members of institutions re...
PwC Romania Names New Head Of Tax Consulting Department
Mihaela Mitroi has been appointed head of the tax and legal consulting department of PwC Romania, replacing Peter de Ruiter, the company said Tuesday.
NEPI To Build Office Tower, Renovate 1922 Bucharest Villa In EUR15M Investment
South-African investment fund New Europe Property Investments (NEPI.RO) will invest some EUR15 million to rehabilitate a historical villa near the Government headquarters and develop a 6,500...