Companies
Stirom 1H Revenue Down 12% To RON100M
Romanian glass container producer Stirom Bucharest (STIB.RO) reported revenue of 100 million lei (EUR22.7 million) in the first six months, down 12% on the year, and profit of RON4.8 million...
Laminorul 1H Losses Grow Sixfold, On Falling Sales
Romanian metal and alloy maker Laminorul Braila (LMRU.RO) Friday said sales fell to 110 million lei (EUR24 million) in the first half of 2012, from RON480.8 million in the first half of 2011...
Ranking Of Biggest Loss-Makers: 44 Companies With 160,000 Employees Lost EUR2.5B
More than a quarter of the 300 largest companies in Romania by turnover recorded losses last year, with 44 of them posting losses of over EUR10 million, reveals a ZF analysis.
Higher Healthcare Contributions Seen Leading To Illicit Labor, Layoffs
Charging healthcare contributions as a share of the national average wage for employees earning less will encourage illicit labor, layoffs and restrict the hiring of young graduates, especia...
Posta Romana Accumulates Losses Of Almost RON500M In Three Years
The total losses of the Romanian postal company in the past three years amount to 484 million lei (EUR106.6 million) and the company risks to collapse if its restructuring plan is not succes...
Government Might Change VAT Payment Rules By Yearend
Romania’s Government might implement by January 1, 2013 at the latest a new value added tax payment system allowing companies with turnovers of up to EUR500,000 to pay VAT upon cashing in in...
Agricover Buys Two Silos In Bihor For EUR1.6M
Agricover, the fourth largest player on the grain trade market, with turnover of EUR217 million last year, bought silos of 33,000 tons and 16,000 tons respectively in Bihor county for EUR1.6...
Auction To Select Consultant For Posta Romana Privatization Planned For Sept 10
Romania's Communications Ministry has announced it will hold the auction to select a consultant to advise the sale of a 20% stake in national postal operator Posta Romana on September 10.
How Mitt Romney Came To Have 1,500 Employees In Romania
The private equity company created by Mitt Romney, the Republican candidate to the U.S. presidential elections in November, has bought a 30% stake in outsourcer Genpact, which has over 1,500...