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Ponta: Employers Hiring Jobless People Over 55 Or Under 25 Won’t Pay Social Contributions For 1 Year
HR

Ponta: Employers Hiring Jobless People Over 55 Or Under 25 Won’t Pay Social Contributions For 1 Year

Romanian Prime Minister Victor Ponta on Monday said that employers who hire jobless people aged under 25 or over 55 will be exempted from paying social security contributions for the latter...

Ecaterina Craciun · 16.07.2012 · 12:14 · 1 min
Government Prepares Incentive For Firms Hiring Youths Under 25
Social/Politics

Government Prepares Incentive For Firms Hiring Youths Under 25

Romanian firms that hire unemployed people aged under 25 will be exempted from paying social security contributions for the latter for one year, Prime Minister Victor Ponta said late Friday.

Ioana Tudor · 14.07.2012 · 12:20 · 1 min
Six BCR Executives Were Paid EUR1.8M Last Year
Banks-Insurance

Six BCR Executives Were Paid EUR1.8M Last Year

Six members of the executive team of BCR, the largest bank on the market, received overall compensation of over EUR1.8 million in 2011 as salary before tax, while the performance bonus was z...

Radu Bostan · 10.07.2012 · 00:00 · 1 min
Ufuk Tandogan Appointed New CEO Of Garanti Romania
Banks-Insurance

Ufuk Tandogan Appointed New CEO Of Garanti Romania

Murat Atay, CEO of Garanti Group Romania, has been appointed to the management of Garanti Mortgage Turkey, and will be replaced with Ufuk Tandogan, a banker who has been working in Garanti T...

Radu Bostan · 09.07.2012 · 15:43 · 1 min
HR

Each Employee Of OMV Petrom Gas Brought Over EUR700,000 In Profit In 2011

Each employee of OMV Petrom Gas, Alpiq RomEnergie and British Tobacco brought their companies net profit ranging between EUR250,000 and EUR722,000 in 2011, these being the most profitable em...

Radu Bostan · 09.07.2012 · 00:00 · 3 min
Energy

Oil Terminal Chairman Resigns After Less Than One Month On Board

Sorin Viorel Ciutureanu, chairman of the board of Romanian oil storage and shipment firm Oil Terminal (OIL.RO), has stepped down less than a month after being appointed and has been replaced...

Radu Bostan · 05.07.2012 · 18:52 · 1 min
Economy Minister: Romania To Name Private Managers In Four State-Run Companies By July 25
Energy

Economy Minister: Romania To Name Private Managers In Four State-Run Companies By July 25

Romania will appoint private managers in four state-run companies until July 25 at the latest, Economy Minister Daniel Chitoiu said Thursday.

Ecaterina Craciun · 05.07.2012 · 15:13 · 1 min
Romania Targets Professional Managers To Run 47 State-Owned Companies
Energy

Romania Targets Professional Managers To Run 47 State-Owned Companies

Romania’s Economy Ministry on Thursday said it set off procedures to select the consultants that will recruit professional managers to run 47 state-owned companies.

Ecaterina Craciun · 05.07.2012 · 13:07 · 1 min
INS: Average Net Wage Slightly Down To RON1,530 In May
Macroeconomics

INS: Average Net Wage Slightly Down To RON1,530 In May

Romanian average net salary fell 1.5% to 1,530 lei (EUR342) in May, from RON1,553 a month earlier, the statistics institute INS said Thursday.

Manuela Panescu · 05.07.2012 · 12:16 · 1 min