COMPANIES
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25 CEO Changes Since The Beginning Of The Year
At least 25 companies and banks with cumulated revenue of over EUR1 billion and assets of over EUR30 billion have changed their chief executive officers since the beginning of this year, whi...
Stocks Generate Higher Quarterly Profit Than Three Years' Worth Of Banking Interest
The Bucharest Stock Exchange grew by almost 24% in the first quarter, if looking at its main index, BET, due to improvement in companies’ performance and a rebound in international markets.
Manager Shortlists For Romanian State Companies To Be Finalized By April 30, May 15
The shortlist of private managers for Romanian companies Hidroelectrica, Oltchim and Romarm will be completed by April 30, and the list for Electrica Furnizare will be done by May 15, after...
Romania To Cut Staff In Defense Sector By 9.2%, To 1,611 Employees
Romania's Government will limit the average number of employees in eight defense companies to 1,611 this year, 9.2% less than the size of the staff in 2011, but the salary fund will be raise...
Clunkers Program Now Open To Companies
Automobile makers and distributors, as well as scrap collectors, can sign up for the 2012 edition of Romania's car scrappage program, which will become open to individuals on April 3.
Economy Minister Names Upcoming Private Management Targets
Private managers will firstly be installed at state-run companies Oltchim (OLT.RO), Romarm and Hidroelectrica, and then to Electrica Furnizare, Economy Minister Lucian Bode said Wednesday af...
French Ambassador: In Business The French Trust Romanians
After four years and a half spent in Bucharest as the leading diplomatic representative of France, Ambassador Henri Paul, currently at the end of his term, will return to Paris to the French...
Two Thirds Of Listed Companies Posted Turnover Growth In 2011
The cumulated turnover of the 71 companies listed in Bucharest that have so far reported preliminary results for 2011 rose by 17.6% on the year in 2011 and their cumulated net profit climbed...
How Long It Actually Takes To Set Up A Firm In Romania
The Government announced that it would be possible to set up a firm in three days, but this has been proven wrong by reality. In fact it takes at least a week to gather all the paperwork and...