Companies
Listed Companies To Pay RON2.68B In Dividends In June
OMV Petrom (SNP.RO), the largest company in Romania, and five other major listed companies will pay RON2.68 billion (EUR600 million) in gross dividends in June, according to available report...
Avioane Craiova Inks Deal With Defense Ministry To Repair, Maintain Light Fighters
Romanian state-owned plane maker Avioane Craiova (AVIO.RO) signed a frame-contract with the Defense Ministry to repair and maintain jet trainers IAR 99 Soim, union leader Victor Peta said Mo...
Informal Employment Causes Losses Of EUR2.7 Bln/Year To Romania's Budget
One year after the entry into force of Romania’s new Labor Code, the economy has recovered only 100,000 jobs of more than 650,000 it had lost during the crisis. However, one in three Romania...
Lower Rates And Central Bank’s Pressures Not Enough To Drive Leu Lending Up
Romanian banks sell as few leu-denominated loans that they will not even cover the repayments made by customers, therefore the volume of loans in local currency has gone down by RON1 billion...
UK Ambassador Says EU Funds Absorption Is Top Priority For Romania
British Ambassador to Bucharest, Martin Harris, said Sunday in an interview for PRO TV that the absorption of European Union funds is a top priority for the Romanian Government, which, he ad...
Romexpo Appeals Court Decision Upholding Insolvency Claim
Romanian expo center Romexpo said Friday it has appealed the decision of the Bucharest Court which upheld an insolvency claim filed against it by firm Arsenoaiei & Matasel Consulting, arguin...
Antitrust Body To Complete Gas Market Probe In Upcoming Months
Romania’s Competition Council said it will finalize in the upcoming months the antitrust inquiry set off last year on the local gas market regarding a potential conspiracy between several co...
Head Of Largest Steel Plant: Dacia Saved Renault From Bankruptcy
Dacia is one of the “success stories” of the Romanian and international economy because it saved French group Renault from bankruptcy and is a model for ArcelorMittal Galati, said Bruno Ribo...
Former Tarom Head Ruxandra Brutaru Joins Managing Board Of Happy Tour
Ruxandra Brutaru, who until last year ran the operations of state-run airline Tarom, has been appointed to the managing board of the largest Romanian travel agency, Happy Tour, according to...