COMPANIES
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Companies Allowed Until December 15 To Update General Employee Registry
Romania's Government has pushed the deadline by which companies may register or update the data in the General Registry of Employees (REVISAL) to December 15, 2011.
State-Owned Companies To Be Inspected Regularly, According To Court Of Accounts Schedule
Economic inspections of Romanian state-owned enterprises, checking their progress towards revenue, spending cut and arrear reduction targets, will be carried out according to monthly, quarte...
Entrepreneurs Still Cling To Pre-Crisis Prices, Say Investment Bankers
Several hundred companies are for sale on the Romanian market, most of them SMEs, but the number of done-deals is extremely low compared with the 2007-2008 period, when investment funds and...
Government To Reconsider State Aid, Guarantee Schemes For Next Year
Romania's Government will reconsider the state aid and guarantee schemes next year, to improve access to lending for the private sector, including small and medium enterprises, says a press...
World Bank: Romanian State Cos Receive Major Subsidies But Cause Massive Losses
One quarter of the 154 monitored Romanian state-owned enterprises have incurred losses of as much as hundreds of thousands of lei per employee, while only 14 companies have posted profit abo...
World Bank: A Quarter Of Romania's State-Owned Cos Are Practically Bankrupt
A quarter of Romania's 760 state-owned enterprises, such as RADET, CFR or Oltchim, are unprofitable, with nonviable assets and de facto bankrupt, meaning almost 100,000 employees would be le...
Agriculture Sees Highest Rise In Number Of New Companies In First Nine Months
The number of new companies in the Romanian agricultural sector went up by 130% in the first nine months of this year compared with the same time in 2010. This means the number of companies...
Ialomitianu: Romania Wants To Restructure State-Owned Companies, Not Sack Employees
Restructuring Romanian state-owned companies might also entail staff cuts, but authorities’ main purpose is to render companies profitable, not lay off employees, Finance Minister Gheorghe I...
Romanian Companies Looking To Hire New Graduates, Freelance Workers - Report
Despite a decline in overall confidence in the global economy, over 60% of Romanian companies said that they plan to add new jobs in the short term, according to a survey from Regus Plc.