Companies
Ponta: Van Rompuy’s Budget Proposal Cuts '14-’20 EU Fund Allocation For Romania By Nearly EUR8B
Romanian Prime Minister Victor Ponta on Tuesday said the budget proposition made by European Council president Herman Van Rompuy implies cutting by EUR7 to EUR8 billion the European funds al...
Quest Advisors To Recruit New Executives For Romanian Lottery
Romanian authorities hired local interim management company Quest Advisors to recruit new executives for the National Lottery Company, market participants said Tuesday.
Draft Budget States Sum To Raise Private Pension Contribution Rate To 4% In 2013
Romania’s draft state budget for 2013 states the sum needed to increase the rate of contribution to mandatory private pension funds (Pillar II) from 3.5% to 4% of employees’ gross wages, Ile...
Negritoiu, ING: We Are Moving In The Right Direction, But More Things Need To Be Done
Misu Negritoiu, chairman of ING Bank Romania, says he would like to get involved in the management of EU-funded projects after ending his term and that he wants to help raise Romanians’ leve...
AOAR Asks For Local Financing For EU-Funded Projects
Representatives of Romania’s Businesspeople Association AOAR asked the government to ensure financing for over 8,000 European Union-funded projects under development, as the European Commiss...
Expur To Build Giant Silo In Slobozia
Vegetable oil producer Expur, a EUR180-million business in Romania, is planning to build a 95,000-ton silo in the town of Slobozia (SE Romania), close to the plant it owns, say industry sour...
KFC Opens Drive-Thru Close To McDonald’s Best Restaurant
Fast-food restaurant chain KFC has opened seven restaurants this year, three of which drive-thrus, for a total of 46. The company stepped up expansion in 2012, while rival McDonald’s preferr...
eMag Head: We Can Afford The Luxury To Think Long-Term
Romania’s largest online retailer eMag can afford the “luxury” of thinking long-term and preparing its moves more carefully, after the deal closed this summer, chief executive Iulian Stanciu...
Borza: There Are In Fact 500 “Smart Guys” At Hidroelectrica
Money has been sucked out of Hidroelectrica through 500 overvalued commercial contracts, and the company’s ten contracts for selling electricity were only the tip of the iceberg.