Companies
Emerson Starts Construction Of Oradea Plant, Looks To Hire 500 More People
US group Emerson, with turnover of over $24 billion, will hire 500 people for its plants in the western Romanian cities of Cluj-Napoca and Oradea this year.
Romstrade’s Creditors Claim Back EUR770M
The value of receivables creditors claim back from Romanian insolvent constructor Romstrade rises to 3.37 billion lei (EUR772 million), of which RON2.9 billion represent approved debts.
Vosganian Says No State Company Emerged From Insolvency Successfully Due To Authorities’ Indecision
Romanian Economy Minister Varujan Vosganian said Tuesday that, unfortunately, no state-run companies were rescued after entering insolvency mainly due to authorities’ indecision to set off p...
One Third Of Romanians Want To Start Up A Business But Have No Money - Survey
Around one third of the Romanians believe they have what it takes to set up their own business, but cannot muster the required start-up capital, a survey from Amway Europe showed.
Insurer Allianz-Tiriac Operating Profit Halves To RON6.5M In 2012
Romanian insurer Allianz-Triac Asigurari posted revenues from underwritten premiums of 908.9 million lei in 2012, up 0.3% on the year, and the company’s operating profit nearly halved, to RO...
Finnish Investment Fund Becomes Largest Shareholder In Cemacon
The employees and former managers of brick manufacturer Cemacon (CEON.RO), which owns a plant in Zalau, sold a 23% stake in the company on Monday through a deal worth 3 million lei (EUR700,0...
Siemens: Green Power Support Scheme Should Not Give Equal Treatment
The economy could benefit from the renewable energy boom if investors were rewarded based on the amount of components they buy from the local market for their projects, says George Catalin C...
Vosganian Says No State Company Emerged From Insolvency Successfully Due To Authorities’ Irresolution
Romanian Economy Minister Varujan Vosganian said Tuesday that, unfortunately, no state-run companies were rescued after entering insolvency, mainly due to authorities’ indecision to set off...
Romania's Leasing Market Climbs 1% In 2012 To EUR1.36B
The Romanian financial leasing market increased 1% on the year to EUR1.36 billion in 2012, according to the Romanian leasing association (ALB).