Companies
voestalpine To Finish Construction Of EUR20M Steel Mill In Giurgiu This Summer
Austrian group voestalpine will finish construction works on a steel mill in Giurgiu (southern Romania) this summer, following an investment of about EUR20 million.
Romania To Cut Staff In Defense Sector By 11.4%, To 1,571 Employees
Romania's Government will limit the average number of employees in the defense sector to 1,571 this year, 11.4% less than the size of the staff in 2011, under a draft decision by the Economy...
Tenaris Group Completes $60M Investment In Zalau
Oil pipe maker Tenaris has completed a $60 million investment in a production unit in Zalau, Salaj county, and will finish another project in Romania, worth $50 million.
Bankers At ZF Summit: We’ll Wait For Economy To Rebound First Before Granting Loans Again
Bankers in Romania say that even though they have funds, they will wait for the economy and lending demand to rebound first before promoting loan sales more aggressively.
Aerostar Bacau Invests RON22M In New Production Unit
Plane construction and repair firm Aerostar Bacau (ARS.RO) has started work on building a new production facility in which it plans to invest 22 million lei (EUR4.9 million), of which RON8.7...
Unilever Managing Director Leaves After Three Years
Marc Desenfans is leaving his position of managing director of Unilever, the second largest company on the local market of non-food consumer goods, after three years, market sources say.
Orban: Romania Wants To Draw EUR3.1B In European Structural, Cohesion Funds In 2012
The Romanian government targets to draw EUR3.1 billion this year through programs financed with European structural and cohesion funds, according to a memorandum approved by the Cabinet Wedn...
ANAF Unfreezes Public TV Network's Accounts For Six Months
Romania's tax authority ANAF will unfreeze the accounts of public television network TVR for six months, during which time the network will be reorganized, people close to the matter told ME...
E&Y: Romania, Sixth Most Attractive European Country For Foreign Investors
Romania is the sixth most attractive European country for foreign investments in the next three years, according to Ernst&Young’s 2012 European Attractiveness Survey report released Wednesda...