Romania
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Carrefour Romania’s CFO Promoted Chief Executive Officer
French-held retailer Carrefour has appointed Jean Baptiste Dernoncourt as chief executive officer of its Romanian operations.
EBRD: Romania Needs To Step Up Efforts To Address NPLs, Corruption
Increasing predictability for investors in the renewables sector and addressing the high level of non-performing loans in the banking system should be among Romania’s priorities in 2014, the...
Germany’s Agrarius Plans To Double Farmland Owned In Romania
Germany’s Agrarius, which operates a 3,200 hectare-farm in Timis County (western Romania), plans to double its farmland in Romania in the next three years, which is supposed to also double i...
Money From Romgaz IPO- A First Step To Set Up Romania’s Energy Fund?
Romania is one of Europe’s richest countries in terms of energy resources, ranking fifth among oil and natural gas producers and sixth by coal production.
Romania Registered Highest VAT Gap In EU In 2000-2011, Of 42%
Romania registered the highest VAT gap in the European Union, of 42%, in the 2000-2011 interval, while the average VAT gap in EU was 17%, according to PwC.
Howard Johnson Hotel In Bucharest Might Be Rebranded To Sheraton
Hotel chain Starwood is in negotiations to enter Romania next year by rebranding the Howard Johnson hotel in Bucharest to Sheraton, people familiar with the matter told Mediafax Thursday.
Works Ongoing On Only Half Of Romania’s Highway Construction Sites
The ten major highway construction sites in Romania advanced by an average 3.3% from September 1 until October 1, according to ZF calculations based on data sent by the country’s public road...
Austrians Finally Conquer Romania’s Constructions Market
Austrian investors bought Romania’s largest oil company OMV Petrom ten years ago and its largest bank BCR eight years ago, but it was only in 2012 that they climbed to the top spot on the lo...
EU Court Of Auditors: Romanian Rural Development System Not Effective
Romania’s rural development system is inefficient and public procurement procedures are marred by irregularities, according to a report by the European Court of Auditors (ECA), presented Tue...