Companies
INS: Average Net Wage Down 8.8% in January
Romanian average net salary fell 8.8% to 1,548 lei (EUR355) in January, from RON1,697 a month earlier, when the salary was largely boosted by one-time bonuses, the statistics institute INS s...
ING Ready To Take Advantage Of Weakened Competition
The banking market is not growing, but it does provide many opportunities, partly because of the weakened competition. ING Bank will be active on all customer segments this year and target m...
Industry Goes Through Wave Of Closures Affecting Economic Growth
Romania’s industry is dealt blow after blow: chemical plant Oltchim, refinery Arpechim, and steel plants Mechel are falling apart and the Government cannot find solutions. Where is Romanian...
Is Orange Entering TV Service Market?
Orange customers are watching more and more video content on their smartphones and tablets and the company wants to meet this demand, says Orange Romania’s chief executive, Jean Francois Fal...
FirstFarms Sells Some Of Its Land In Romania
FirstFarms, one of the most aggressive Danish investors in Romanian arable land in the last five years, has started to sell some of its properties in this country as part of a portfolio clea...
AdePlast Reorganizes In Three Business Divisions With Separate Management
Romanian building materials producer AdePlast on Wednesday said it will reorganize its operations in three business divisions – thermal systems, paints, adhesives and dry mortar – with separ...
Romania Should Cut Social Contributions To Attract FDI, Prop Growth - Consultant
The Romanian Government should focus on reducing the social contributions level in 2013 in order to attract foreign investments and generate economic growth, said Dan Schwartz, managing part...
BCR Restructuring To Take 18 Months And Cost RON118M
A bank like BCR, which has 10% of the national branch network, 20% of the assets, loans or deposits and 15% of the employees in the entire system, cannot be that hard to turn around. It only...
Romania Loses Production Of New Ford Model To India
Ford’s EcoSport small SUV Ford, which was expected to be the second model to be manufactured by Ford in its Romanian plant in Craiova, will be made for the European market in India, at the C...