BUSINESS
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Indesit Puts Another Italian In Charge Of Romanian Business
Home appliances manufacturer Indesit has appointed Michele Casamassima to run its Romanian operations and replace Giuseppe Parma, whose term ended.
Popovici Nitu: Half Of Wind Power Projects To Fail, Developers Desperately Seeking Buyers
The wind power, a business consultants and investors have made millions of euros from in recent years is about to slow down abruptly and the outcome looks much like what happened in real est...
Nestor, NNDKP: With International Situation At Its Worst, Romania Is Stable In Poverty
The year 2012 has perhaps been the most difficult since the start of the crisis, said lawyer Ion Nestor, founding partner of law firm NNDKP, one of the largest players on the Romanian legal...
Petrom CEO Mariana Gheorghe Among The World’s Most Powerful Businesswomen
Mariana Gheorghe, Chief Executive Officer of Romania’s largest oil company OMV Petrom (SNP.RO), has this year joined the ranks of the international elite of executives, debuting at no. 32 in...
37 Romanian Companies Feature Among Top 500 Companies In CEE
OMV Petrom (SNP.RO), the largest company on the Romanian market, lost two positions in the ranking of the top 500 companies in Central and Eastern Europe, shows research conducted by consult...
Power Connection In Romania May Take Up To 223 Days, Only 130 Days In Bulgaria
In Romania, in order to connect to the electricity distribution system, an entrepreneur with a warehouse located in Bucharest has to wait 223 days, according to the World Bank's survey on ho...
French Bakery Owner Says 2012 Worst Year For His Business, Pins Hopes On 2013
Dinu Cismarescu, owner of the French Bakery chain, says that 2012 is the company’s worst since its start more than seven years ago. French Bakery annual revenue stands at EUR3 million, gener...
Head Of BNR Supervision: Most Banking Business Models Pursue Big Interest Margins
Banks are keeping deposit interest rates high, in a bid to replace sources of external funding with liquidity from the local market, but this can lead to poor resource management, as well as...
Businesspeople Ask New Administration For Industrialization, EU Funds And Public Procurement From Romanian Companies
Votes counted at Sunday’s local elections have shown results not seen in 20 years. The number of votes obtained by the Social-Liberal Union (USL), alongside the ones obtained separately by t...