Companies
Firms With New Debts To State Budget May Ask For Second Debt Restructuring
Romanian firms that amassed new debts to the state budget, after they had their older debts rescheduled, and were recently checked by tax authority ANAF may ask for a new debt restructuring,...
State Company Managers Make Up To RON66,000/Month – Official Document
Romanian state-owned company managers make between 11,250 lei (about EUR2,600) and RON66,642 per month, and executive board members earn RON132 to RON33,000 monthly, according to a document...
Posta Romana To Lay Off About 4,500 Employees Starting July 1
Romanian state-owned postal company Posta Romana will lay off 4,458 employees starting July 1, downsizing its staff by 14%, according to an official document obtained by Mediafax Wednesday.
Investors Interested In Posta Romana Have Until June 30, 2014 To File Bids
Romanian state-owned postal operator Posta Romana will be restructured in 180 days and potential investors have until June 30, 2014 to file binding bids for the privatization of the company,...
Romania Extends By Six Months Posta Romana Privatization Deadline
Romania’s Government Wednesday decided to extend by six months the deadline to sell a majority stake in state-owned postal operator Posta Romana after no investor was interested in buying th...
Romania Caps Wages Of State Company Managers
Romania’s government will cap the monthly pay of state-owned company executives at six average gross wages in the field the company is present and bonuses will be granted considering perform...
Coface: Romania Ranks First In Central Europe By Number Of Insolvencies In 2012
The number of insolvencies will increase 10% in Romania in 2013, similar to last year, when 23,665 firms defaulted on their debts, according to a survey conducted by rating agency Coface, wh...
U.S. Dollar Financial Group Taps Romanian Pawn Market With Multi-Million Euro Acquisition
U.S.-based pawnbroking group Dollar Financial Group, Inc. has acquired Express Credit Amanet, one of the biggest pawn shop networks in eastern Romania, in a multi-million euro deal.
Romanian Pharmaceutical Market Up 4.3% In 1Q, To Over RON3B
Romania’s pharmaceutical market reached sales of 3.05 billion lei (EUR696.6 million) in the first quarter of 2013, up 4.3% on the year but down 2.5% on the quarter, according to market resea...