Companies
UCM Resita 1H Loss Narrows 45% On Year
Romanian engine manufacturer UCM Resita (UCM.RO) Thursday said its net loss narrowed 43.5% to 24 million lei (EUR5.7 million) in the first half, from RON43.5 million in the year-earlier peri...
Romanian Public Procurement Regulator To Check Paperwork Before Auction Procedures Start
The Romanian National Authority for Public Procurement Regulation and Monitoring (ANRMAP) will check auction participation announcements before contract awarding procedures are started, acco...
Romania Assigns EUR600M To Fund EU Projects Until EU Resumes Reimbursements
Romania’s Government has decided to assign EUR600 million from privatization proceeds to continue funding EU projects until the European Commission resumes payments to Romania.
INS: Romania Average Net Wage Up 1% In June, To RON1,472
The average net salary in Romania rose 1% on the month to 1,472 lei (around EUR350) in June, due to granting of occasional bonuses, amounts distributed from the profits, and to higher produc...
Can Private Managers Turn State-Owned Companies Around?
There are private-sector managers that would be willing to start even tomorrow as chief executives of large state-controlled companies, if they were paid the same salary as in a multinationa...
Florin Pogonaru Increases Stake In Prodplast To 51.5%
Romanian businessman Florin Pogonaru has increased its shares in plastics producer Prodplast (PPL.RO) to 51.51%, after he paid 2.4 million lei (EUR0.56 million) for a 11.4% stake.
Romania Tourist Arrivals Up 11.7% On Year In First Half
Tourist arrivals in Romania rose 11.7% in the first year-half compared with the same period of 2010, while tourist accommodations were up 4.2% on the year, the statistics institute INS said...
Former Head Of Praktiker Is New CFO Of Enel Romania
Monica Hodor, former general manager of do-it-yourself retailer Praktiker Romania, was appointed chief financial officer (CFO) of energy distributor Enel.
Clifford Chance Badea Set To Join The “Club” Of Law Firms With Over EUR10M Revenue
Clifford Chance Badea, the Bucharest office of the world’s largest law firm, Clifford Chance, plans to go above the EUR10M threshold in revenue this year, a performance only four firms on th...