Companies
New Government Plans To Raise Minimum Wage To RON1,200 Until 2016
The governing program announced by Romania’s new Executive targets to gradually increase the minimum wage to 1,200 lei (EUR268) until 2016.
Romania Amends Tax Code To Give Mayors Carte Blanche On Tax Increase
The Romanian Government will approve an emergency ordinance amending the Tax Code, which allows mayors to decide whether to increase local taxes and duties by indexing with the inflation rat...
Ubisoft Romania Sees EUR22M Revenue In 2012, 10% Growth In 2013
The local branch of games publisher Ubisoft will see revenue up 10% to 15% on the EUR20 million it posted in 2011. It is also preparing for “the best year in the history of the office” in 20...
Tnuva Cows Sold At 80% Discount
The 900 cow farm that Israeli-held dairy company Tnuva had in Adunatii Copaceni (south of Bucharest) was bought by Romanian businessman Marin Boraciu and Valentin Istrate, the farm veterinar...
Adhesives Market Stays Flat In The First 9 Months, Hopes For Growth In 2013
The local adhesives market was relatively constant in the first nine months of 2012 compared with the same interval a year ago, as investments in large projects are yet to come and the const...
OTP Bank Romania To Exit Brokerage Market
OTP Bank Romania will cease operation on the local brokerage market, people close to the matter told Mediafax Wednesday.
Number Of Insolvencies Down 1.7% On Year In First Eleven Months
The number of Romanian companies going insolvent in the first eleven months of 2012 dropped 1.7% compared with the same interval a year ago, to 15,148, the trade registry said Wednesday.
Hotel Cismigiu Reopened In Bucharest, After EUR15M Investment
Hotel Cismigiu in Romanian capital city Bucharest was reopened Wednesday after 17 years of being closed down, following a EUR15 million investment made by Spanish developer Hercesa.
Romanian PM Victor Ponta Announces Minister Nominees
Romania’s Prime Minister Victor Ponta on Wednesday afternoon presented the list of minister nominees.