Companies
No Mention Of Any Privatization Or Listing Of State-Run Companies In 2012 Budget Draft
The 67-page report accompanying the 2012 state budget draft does not include even a single mention of the privatization of state-owned companies and of the sale of shares via the Bucharest S...
Harvard University Has 35,000 Hectares Of Forest And A Plywood Plant In Romania
Investment fund Phemus Corporation, registered at the same address as Harvard Management Company, a subsidiary of Harvard University – the largest foreign owner of forest on the Romanian mar...
Electroputere 9-Month Loss Widens To RON49M
Romanian train parts maker Electroputere Craiova (EPT.RO) posted a net loss of 48.92 million lei (EUR11.26 million) in the first nine months, wider than RON37.63 million in the same interval...
Concefa Reports RON11.5M Loss In First 9 Months
Romanian construction company Concefa Sibiu (COFI.RO) Monday reported a loss of 11.5 million lei (EUR2.7 million) in the first nine months, from a net profit of RON2.3 million in the same pe...
Bucharest Can Organize Sizeable Events, But Fees Are Too High
Patrick Andersen, executive vice-president of travel management company Carlson Wagonlit Travel (CWT) for Nordic countries and Eastern Europe, says Bucharest has the necessary infrastructure...
Franks: State Companies Belong To Romanian People, Government Must Ensure They Run Properly
Romanian state-owned enterprises ultimately belong to the Romanian people, so it is the Government's responsibility to ensure they are properly run and that their managers have the people's...
Government Wants To Reduce State Enterprise Arrears By RON5-6B In 2012
Romania's Government estimates that restructuring the state-owned enterprises monitored through the agreement with the IMF will reduce their arrears by 5-6 billion lei (EUR1.15-1.38 billion)...
State Companies To Freeze Hiring, Limit Wage Expenses In 2012
Romanian state companies and autonomous departments will freeze hiring next year, and those which register losses or receive state subsidies must limit wage expenses to this year’s level, ac...
Otopeni Airport To Open New Departures Terminal In July 2012
Bucharest-Otopeni Airport will open a new terminal for international departures in June 2012, through a EUR62 million investment.