Companies
Romanian Agriculture Machinery Market Seen Up 10% In ’11, To EUR60M
Romanian agriculture machinery maker Ruris expects the local machinery market to rise by some 10% this year, to some EUR60 million, from EUR54 million in 2010.
Romania Falls 7 Positions To 72 In World Bank’s Doing Business 2012 Report
Romania dropped seven positions in the World Bank’s annual report Doing Business ranking 72nd among 183, mainly because it now asks for a tax clearance certificate for a new company’s headqu...
Way Out Of Recession As Seen By Foreign Investors
The Foreign Investors Council (FIC) proposes the return to a 19% VAT as a solution to revive consumption and economic growth, reducing social security contributions and increasing the absorp...
Prefab Seeks Loans Worth EUR20M
Romanian construction materials maker Prefab Bucuresti (PREH.RO) plans to contract bank loans worth up to a total EUR20 million, to support production this year and the investments planned f...
The EUR25B Question: Who Takes Care Of The 100 Leading Exporters?
Neither the government, nor the Economy Ministry could answer a ZF request for a list of the 100 largest exporters in Romania, the value of their exports and their performance in the first s...
Romania Will See More Reorganizations Than Bankruptcies In 2012 - Liquidator
Insolvency claims by companies will continue in 2012, but judicial reorganizations will outweigh bankruptcies, Tuesday said Rudolf Paul Vizental, senior partner within liquidator Casa de Ins...
Alro Slatina Shuts Down Production Unit On Reduced Power Supply
Romanian aluminum maker Alro Slatina (ALR.RO) Tuesday said it has started procedures to shut down a production unit, because of reduced electricity deliveries from its main supplier, Hidroel...
Former Debenhams Boss Recruited By Trigranit Development
Bogdan Macarie, the executive who ran for one and a half years apparel retailer Debro Retail, the operator of the Debenhams stores, is now the new development director of Trigranit Developme...
Government May Raise PPP Contract Value By 50% Without New Auction
Romania's Government reserves the right to increase the value of a public-private partnership contract by up to 50% for services not provided by the initial draft, without a prior notice of...