Companies
Romanian Investment Company Cuts Budget To RON52.6M In 2013
Romania's National Investment Company (CNI) planned investments worth 52.6 million lei (EUR12 million) in 2013, more than five times lower than the amount allotted last year, of RON274.3 mil...
Posta Romana To Lay Off 3,650 Workers, 11.4% Of Its Staff
Romania’s debt-mired national postal company Posta Romana will lay off 11.4% of its staff, or 3,650 employees, following negotiations between management and unions.
Biogenis Acquires Romanian Stem Cell Bank FreezeLife
Biogenis took over the operations and the stem cell samples of Romanian stem cell bank FreezeLife, which was set up in 2010 by former journalist Razvan Vintilescu, and plans new acquisitions...
SME Loan Guarantee Fund Wants To Support Innovative Firms
The National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM) might lower the fees it charges or increase the loan guarantee ceiling to support innovative SMEs and firms ge...
BRD VP: Euro And Leu Market Rates Reflect The Key Rate Difference
Comparisons between interest rates in Romania and the euro-zone are “inappropriate” as they do not take into account the “enormous disparities” between the risks and the structure of the two...
INS: Romania Jobless Rate Rises to 7.3% In April
Romania's unemployment rate rose to 7.3% in April, from 7.2% in the previous month, seasonally adjusted data from the statistics institute INS showed Friday.
A&D Pharma CEO: It’s Getting Harder To Achieve Our Sales Target
Robert Popescu, chief executive officer of A&D Pharma, the largest local pharmaceutical group, says the first quarter of the year was the most difficult in his entire business career and the...
MOL Invests EUR10M In Fuel Storage Facility In Romania
Fuel distributor MOL Romania, part of Hungarian oil and gas group MOL, has completed the first stage of a EUR10 million investment in a fuel storage space in Giurgiu, southern Romania, its s...
Chiritoiu: It Is Crucial That Courts Uphold Competition Council Decisions
Romania’s Competition Council head Bogdan Chiritoiu said Thursday it is essential that courts uphold the decisions taken by the antitrust authority.