Companies
Development Ministry Auctions Off Water Supply, Sewage Works Worth RON285M
Romania’s Regional Development Ministry has launched an open auction to award a contract for the design and construction of 39 sewage and water purification systems and 60 water supply syste...
Lafarge Romania Names Sonia Artinian As CEO
Cement maker Lafarge Romania appointed starting January 1 Sonia Artinian as the new country CEO, replacing Philippe Questiaux, the company said Tuesday.
Over 50% Of Romanian Employees Unhappy With Their Salary – Study
The dissatisfaction of Romanian employees has increased because of the crisis, as more than half are unhappy with their salary, believing it does not reflect the work put in, while relations...
Romania To Reduce Business Startup Period To Three Days Next Week
Launching a business in Romania will take no more than three days, starting next week, and the legislation needed to implement the procedure is ready, Prime Minister Emil Boc announced Monda...
IMF Cuts Romania’s Economic Growth Forecast To 1.3%
The International Monetary Fund (IMF), which currently has one of the most optimistic forecasts for Romania’s economic growth this year, 1.8% to 2.3%, is getting ready to lower its estimates...
ArcelorMittal Iasi Hikes Share Capital To RON241M
Romanian steel pipes maker ArcelorMittal Tubular Products Iasi (TPRO.RO) will increase its share capital by 78 million lei (EUR17.9 million) to RON241 million, the company said in a statemen...
Tarom's Net Loss Shrinks To RON252.2M In 2011
Romanian state-run airline Tarom has narrowed its losses by 24.2% to 252.18 million lei (EUR58.1 million) in 2011, from RON332.5 million a year earlier.
Two Dutch Companies To Create 250 Jobs In Cluj County, Romania
A Dutch logistics company will open its first Romanian office near the Transylvania Highway, hiring more than 100 people, while another Dutch company, which makes equipment for the food indu...
Government Pledges To Make State-run Companies More Transparent. Will It Keep Its Word?
Board members at state-run companies will be chosen by independent human resources experts, the annual and six-month financial reports will be published on corporate websites, as will the sa...