Companies
Romania To Double Threshold On Direct-Award Public Procurement Contracts In 2013
Romania’ Government will double to EUR30,000 the threshold on public service, works and product contracts awarded directly, without public procurement auctions, in January 2013, Dan Vladescu...
voestalpine Gives Up EUR5B Project In Black Sea Region On Financial Crisis
Austrian steelmaker voestalpine Thursday said it abandoned its EUR5 billion investment in a steel production facility in the Black Sea region, which included Romania, due to the financial cr...
Adrem Invest Buys Swiss Company And Eyes 37% Higher Revenue
Romanian engineering company Adrem Invest on Thursday said it expects a 37% increase in turnover to 171.7 million lei (EUR37.4 million) in 2012.
Austrian voestalpine Opens EUR20M Steel Center In Romania
Austrian steelmaker voestalpine has inaugurated in October its new EUR20 million steel center in Giurgiu, southern Romania, the company said in a statement.
VISA Romania: Fees Charged By Local Authorities Hinder Online Tax Payments
VISA Romania general manager Catalin Cretu on Wednesday said the online payment of taxes is “up in the air” in Romania, because local authorities levied a fee on this type of transactions.
Most Profitable Companies Operate In Energy, Industry And Construction Sectors
A breakdown by sectors of the most profitable 300 companies in Romania in 2011 reveals that real estate is not a business that goes smoothly for all investors, while energy, industry and con...
Kludi Romania Reports 13% Higher Turnover In First 9 Months, To RON7M
Kludi Romania, the local subsidiary of German luxury bathroom and kitchen fittings maker Kludi, reported a turnover of around 7 million lei (EUR1.5 million) in the first nine months of 2012,...
ArcelorMittal Galati Cuts Working Hours As Demand Drops
ArcelorMittal Galati, a Romanian unit of the world’s largest steelmaker ArcelorMittal, Tuesday said it will cut working hours in face of declining European demand for steel.
GfK: Most Romanians Think Economy Fares Worse This Year, But Expectations Are High For 2013
Nearly three quarters of Romanians believe the country’s economy is faring worse than last year, their willingness to spend is lower and have high expectations for improvement in 2013, accor...