Companies
Legal Services Auction For Cernavoda-Medgidia Highway Section Suspended
Romania’s national settlement board has suspended the award procedure for legal assistance in disputes and litigations over the construction of the Cernavoda-Medgidia highway section, in sou...
Mechel’s Plants In Romania To Continue Activity, Dismissed Employees To Get Severance Pay
The activity of the five plants held in Romania by Russia’s steel giant Mechel will continue as before, despite the group’s plan to sell them, and all sacked employees will receive compensat...
Eximbank Shareholders To Discuss Change Of Managing Board
Eximbank’s general meeting of shareholders is to discuss the appointment of a new top management team during its meeting on Thursday at noon. The nominees backed by the Finance Ministry, the...
Romanians Spend Around EUR200M On Luxury Products Per Year
The Romanian luxury market started to grow in the early ‘90s and has now reached around EUR200 million, according to ZF estimates.
BVB's Lucian Anghel: Romania Could Benefit From EUR1.5B FDI This Year
Romania has been drawing less and less foreign capital over the past years as investors have become more selective, the head of the Bucharest bourse said Wednesday, adding that EUR1.5 billio...
Posta Romana Will Provide National Services By December 2013
Romanian national postal operator Posta Romana will provide services to each country’s inhabitant one more year, until December 2013, this operation being currently a non-profit one for the...
AVAS Takes Under Administration Aversa’s Debts
Romanian privatization authority AVAS will take under administration the debts managed by the country’s fiscal watchdog ANAF over pump factory Aversa, under bankruptcy, according to a legisl...
Russian Mechel Plans To Sell Romanian Operations
Russia’s steel giant Mechel will sell its Romanian business as part of a larger restructuring strategy to improve financial performance and increase market value, the company said in a state...
Romanian Collective Work Contracts Might Be Negotiated Yearly
Romania’s Government wants wage, work program and staff training conditions stated in collective work contracts to be negotiated yearly.