Companies
Public Procurement Contracts To State Third Party That Financially Supports Bidder
Romanian firms that submit bids in public procurement auctions and declare they are financially supported by a third party must give evidence of the latter’s commitment, according to a draft...
600 Polish Companies Invested EUR500M In Romania Over Last Two Decades
Romania has in the past two decades attracted around 600 Polish investors which have injected around half a billion euros in the Eastern European country.
TeamNet Sees Cloud-Computing Market At EUR100M In Up To 5 Years
The market of cloud computing – use of computing resources as a service over the Internet and online data storage, will reach EUR100 million in the next four to five years in Romania.
Selena Paid RON13M To Acquire Euro MGA Product
The transaction whereby Polish group Selena took over entirely Romanian construction materials producer Euro MGA Product amounts to 13 million lei (nearly EUR3 million), Dorin Spataru, admin...
Romania Raises Local Taxes And Fines By 16% In 2013
Local taxes and fines will increase 16.05% starting next year, indexed for inflation for the period 2010-2012, according to a draft government decision put forth by the Finance Ministry.
Wizz Air To Charge EUR10 For Large Carry-On Luggage
Romania’s low-cost airline company Wizz Air will take a EUR10 fee for hand luggage larger than 42x32x25 centimeters, the company told a news conference Wednesday.
Economy Ministry Privatization Office Head Resigns Over Failed Oltchim Sale
The head of the privatization office with Romania’s Economy Ministry, Remus Vulpescu, resigned Wednesday over the failed sale of chemical plant Oltchim Ramnicu Valcea (OLT.RO).
Tourist Arrivals In Romania Up 5.5% On Year In August
Tourist arrivals in Romania rose 5.5% in August from the year-earlier month, while overnight accommodations were up 6.1% on the year, the statistics institute INS said Wednesday.
Mangold, Influential German Businessman: Long-Term Commitment More Important Than Privatization Proceeds
A hasty privatization is more likely to have negative consequences and the state should look for a long-term investor that would bring technology and create jobs, rather than having the pric...