Companies
Larger Romanian Companies Went Insolvent In 2012
Mic.ro, Hidroelectrica, Tnuva, a few real estate developers and 15,000 other businesses were unable to pay their debts this year and were forced to file for insolvency and part of them went...
Rompetrol To Build 30 New Gas Stations In 2013, Doesn't Rule Out Acquisitions
Rompetrol, the second largest local oil company, says it could open about 30 new gas stations built from the ground up in 2013. It also does not rule out acquisitions.
Romanian Government Sets Up National Tourism Authority
Romania’s Government on Saturday decided to set up the National Tourism Authority, which will operate within the Economy Ministry and will be coordinated by the minister-delegate for SMEs, T...
Government Assembles For First Meeting After Endorsement
Romania’s new Cabinet, which received the Parliament’s endorsement Friday evening, convened Saturday morning to approve its organization chart and discuss its immediate priorities.
Romanian Parliament Endorses New Government
Romania's new Cabinet, led by social democrat Victor Ponta, on Friday evening received the Parliament's endorsement with 402 votes in favor and 120 votes against.
Parliament Committees Vote On Minister Nominees
Romanian Parliament’s committees convened Friday to hear and vote on the endorsement of ministers proposed to take over portfolios in the Ponta II Government.
Klöckner Sells Operations In Eastern European Countries, Including Romania
German distributor of steel and non-ferrous metals Klöckner has sold its operations in the Czech Republic, Bulgaria and Romania, as part of its restructuring program which targets the entire...
2012 – A Wasted Year For An Economy Plagued By Political Turmoil And Insolvencies
The year 2012 is a wasted year because of the political feuds that only served to weaken an economy hurt by the crisis. The hope for an economic rebound is carried over in 2013.
Romania’s New Government Presents Governing Program
Romania’s new Government, which has yet to be endorsed by the Parliament, has presented its governing program Thursday, reiterating many of the promises stated in the country’s standing agre...