Companies
Failure Of 2012 Privatizations: From EUR1B Initially Expected To EUR37M
The Romanian state expected to raise around EUR1 billion from privatizations in 2012, but got only EUR37 million from the stock exchange sale of 15% in state-owned power grid operator Transe...
Romania Ranked 1st In EU Regarding Share Of Employees Working In Agriculture In 2011
Some 29% of Romanian employed people worked in agriculture last year, the highest percentage in the European Union, while the country was ranked last in EU regarding the share of employees i...
INS: Romania Spent RON2.7B In 2011 On Research-Development
Romania spent 2.7 billion lei (EUR619 million) in the research-development sector in 2011, accounting for 0.48% of the gross domestic product, up 0.01 percentage points compared to 2010, the...
Industry Sales Down 3.6% On Month In August
Romanian industrial sales fell 3.6% in August from a month earlier, due to declining demand in the manufacturing sector, the country’s statistics institute INS said Friday.
INS: Average Net Wage Down To RON1,534 In August
Romanian average net salary fell 1.4% to 1,534 lei (EUR338) in August, from RON1,556 a month earlier, the statistics institute INS said Friday.
What Lies Behind The Exit Of Bucharest Stock Market's Largest Foreign Investor
Why aren’t OMV Petrom’s (SNP.RO) shares rising, while the company posts record-high profits? Why have BRD’s (BRD.RO) shares fallen so much, while the shares of other banks rose? The explanat...
Hidrolectrica May Complete Insolvency Procedure By Dec 31 - Administrator
Romania’s state-run hydropower company Hidroelectrica could complete its insolvency process by the end of December, sooner than initially estimated, the company’s legal administrator Euro In...
Romania May Not Raise Local Taxes Before 2014 - Minister
Romania may not increase local taxes for 2013 as the legislation states they may only be altered at least six months before the beginning of the year, Romania’s Interior Minister Mircea Dusa...
Government Moves To Punish Firms Contesting Public Auctions Unjustly
Firms in Romania filing more than ten contestations to public auctions, which are subsequently rejected by the national settlement board CNSC, and firms that withdraw their contestations bef...