Companies
Number Of Insolvencies Nears 14,000 In First 9 Months, Down 10% On Year
A total 13,984 firms went insolvent in Romania within the first nine months of the year, 10% less than in the same interval of the previous year, according to data from the national trade re...
Concefa Sibiu To Hike Share Capital By RON6.1M, To RON63M
Romanian construction company Concefa Sibiu (COFI.RO) on Friday said it will increase its share capital by 6.1 million lei (EUR1.41 million), to RON63 million, since shareholders subscribed...
Ductil Buzau Feels New Crisis As Orders Drop In September
The decline in orders received by the electrode maker Ductil signals a slowdown of the industry, which has born the burden of the economic rebound of the past year. The management is not too...
Fresh Start For Timpuri Noi In New Location Near Bucharest After EUR10M Investment
Timpuri Noi, one of the symbols of the Bucharest industry, has recently inaugurated its new plant in Jilava, near the capital city, in which it invested almost EUR10 million.
Orban: EU Fund Absorption Has Not Improved In Recent Months
Leonard Orban, Minister of European Affairs, said Thursday that Romania's EU fund absorption rate has not improved in the last few months by more than 0.2%, because of the decision to stop s...
CEC Bank: A Quarter Of Restructured Loans Gone Bad Again
Romanian state-run lender CEC Bank Thursday said 25% of the distressed loans modified to give the companies more time to recover have gone bad again after three months.
Procurement Regulator Admits Only 49 Of 1,552 Checked Auction Files
Checkups started recently by the Romanian Authority for Public Procurement Regulation and Monitoring (ANRMAP) show that only 49 of the 1,552 auction files which have been submitted over the...
Ghetea: Authorities Must Compare Prices Of Similar EU-Funded Projects, Differences Are Sometimes Huge
Romania's EU fund management authorities and the Ministry of European Affairs should be able to look up and compare the prices of similar projects, because in some instances the difference b...
Romanian Beneficiaries Received EUR400M Through Competitiveness Operational Program
Payments to Romanian beneficiaries of the Sector Operational Program "Increasing Economy Competitiveness" exceed EUR400 million, 14% of the program's budget, which could be contracted up to...