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Daimler Halts Production Of Transmissions At Its Sebes Plant Amid Coronavirus Outbreak
Automotive

Daimler Halts Production Of Transmissions At Its Sebes Plant Amid Coronavirus Outbreak

Daimler said it halted the production of transmission at its Romanian manufacturing plant in Sebes, in the context in which Mercedes-Benz has also halted its car production, against the back...

Ecaterina Craciun · 20.03.2020 · 12:38 · 1 min
Arctic Halts Production At Its Factory In Ulmi For One Week
Companies

Arctic Halts Production At Its Factory In Ulmi For One Week

Arctic, the largest home appliance manufacturer in Romania, on Wednesday said it suspended production at its factory in Ulmi (Dambovita County), between March 16-20, due to variable demand,...

Ecaterina Craciun · 18.03.2020 · 14:01 · 1 min
Trade Registry: Over 5,700 Firms In Romania Suspended Their Activity In 1Q/2018, 42% More On Year
Companies

Trade Registry: Over 5,700 Firms In Romania Suspended Their Activity In 1Q/2018, 42% More On Year

Over 5,700 firms in Romania suspended their activity in the first quarter of 2018, 42% more than in the same period a year before, according to Trade Registry data.

Ecaterina Craciun · 26.04.2018 · 13:42 · 1 min
Companies

Study: Number Of Firms In Romania Closing Their Doors At 4-Year High

The number of businesses in Romania suspending their activity has reached this year the highest level of the last four years, up 133% from the same period a year before, and nearly one in tw...

Ecaterina Craciun · 26.02.2018 · 16:39 · 1 min
Supreme Court Suspends Carpatica Asig Dissolution For A 30-Day Period
Banks-Insurance

Supreme Court Suspends Carpatica Asig Dissolution For A 30-Day Period

The Supreme Court admitted the request of the National Anticorruption Department on banning the start of dissolution and liquidation proceedings in the case of Romanian insurance company Car...

Gabriela Stan · 14.09.2016 · 09:20 · 1 min
Supreme Court Suspends Competition Council’s Decision To Fine Electrolux Romania
Retail&Consumer

Supreme Court Suspends Competition Council’s Decision To Fine Electrolux Romania

The Supreme Court admitted the appeal whereby home appliances manufacturer Electrolux Romania requested the suspension of a decision of the Competition Council of 2014‎, through which the re...

Ecaterina Craciun · 05.07.2016 · 12:58 · 1 min
Tarom CEO Suspended Over Bad Management
Companies

Tarom CEO Suspended Over Bad Management

Administrators of Romanian state-run airline Tarom on Friday decided to suspend Edouard Heinzmann from his position as Chief Executive Officer, effective March 22, citing faulty management,...

Ecaterina Craciun · 18.03.2016 · 18:33 · 1 min
Antibiotice Iasi Suspends Pay Of Remaining Dividends For 2011's Profit
Capital Market

Antibiotice Iasi Suspends Pay Of Remaining Dividends For 2011's Profit

Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) Tuesday said on the Bucharest Stock Exchange it will suspend the payment of the dividends due for 2011 and not cashed by the stockholde...

Roxana Pricop · 16.09.2015 · 14:00 · 1 min
Romania Needs Investors And Capital, Not Political Battles For All Europe To See
Social/Politics

Romania Needs Investors And Capital, Not Political Battles For All Europe To See

While USL fights to suspend president Traian Basescu, the leu’s fast depreciation continues, absorption of EU funds is catastrophic and foreign investors are becoming nervous.

Radu Bostan · 10.07.2012 · 00:00 · 2 min