Companies
Evaluation Firm Darian Posts 12% Hike In 2011 Sales, To EUR3M
Romanian evaluators Darian DRS on Wednesday reported a turnover of EUR3 million for 2011, up 12% on the year, reaching a level similar to pre-crisis results.
New Government Might Lower Social Security Contributions
The governing program of the Cabinet proposed by Prime Minister Designate Mihai Razvan Ungureanu will include wage raises, to be achieved either directly or by lowering social security contr...
Isarescu: Poor EU Funds Absorption Deepened Romania's Economic Slump
Romanian economy was severely hit by a sharp decline in foreign investments after 2008 and the poor absorption rate of European structural funds has only deepened the country’s recession, ce...
ArcelorMittal Galati CEO Resigns For Personal Reasons
The chief executive officer of Romanian steel processor ArcelorMittal Galati, Eric Remisz, resigned four months into his mandate, citing personal reasons, the company said Tuesday.
How Long It Actually Takes To Set Up A Firm In Romania
The Government announced that it would be possible to set up a firm in three days, but this has been proven wrong by reality. In fact it takes at least a week to gather all the paperwork and...
Capital Economics: Romania More Vulnerable To Euro Crisis Contagion
Romanian government’s resignation is bound to impact the local financial markets on the short term, leaving the country more vulnerable to contagion from the eurozone unless the situation is...
Romanian Business Community Unfazed By Government Resignation
The Boc Government has taken good measures as well, but many of them came too late and were not well enough communicated, and the resignation will defuse the social and political tension, ac...
Distributor: The Construction Equipment Market Doubles In 2011, But Abrupt Rises Are Not Healthy
The start of new infrastructure projects and the fact that increasingly more constructors are using EU funds to buy equipment fueled a doubling of the construction equipment market in 2011,...
Cold Snap And Blizzard Disrupt Romania, Make Retailers Feel Like It’s Christmas All Over Again
Romania is battling extreme temperatures and the southeast region is disrupted by the blizzard. Schools are closed, dozens of roads are blocked and some domestic flights have been cancelled....