06.13.2012

The consortium made up of executive search company Pedersen&Partners, law firm NNDKP and strategic management advisory Roland Berger, which was appointed in September last year to help the Economy more

05.30.2012

Romania’s Government has decided state representatives will be allowed to be part of a single managing board or a single shareholders’ general assembly, banning them from being part of the more

05.29.2012

The Bucharest Stock Exchange (BVB.RO) hopes to convince the government to list stakes in state-owned companies only on the local exchange to support the development of the Romanian capital market, BVB more

05.18.2012

Romania will maintain its current royalty rates for oil and gas companies unchanged until 2015, Economy Minister Daniel Chitoiu said Friday. more

05.16.2012

Romanian Economy Minister Daniel Chitoiu on Wednesday said the government is drafting up a bill introducing additional taxes on one-time revenue gains of oil companies to be enforced starting with more

05.07.2012

Romanian authorities plan to list minority stakes in key state-run energy and natural gas companies both on the Bucharest Stock Exchange and on international markets, economy minister-designate Daniel more

05.02.2012

Almost half of Romanian companies controlled by the state, mainly those under the authority of the Economy Ministry, budgeted over 25 million lei (EUR5.6 million) for 2012, for sponsorship, more

04.09.2012

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, while a more

04.02.2012

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. more

03.28.2012

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 which the more

03.27.2012

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 raised by 4.2%, more

03.19.2012

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. more

03.14.2012

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 after a more

02.24.2012

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 Court of more

02.20.2012

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 62%, but more

02.07.2012

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 another more

02.02.2012

Portuguese-held Martifer, Greek-held Olympus and US-held Delphi in 2011 made the largest greenfield investments in the Romanian economy, according to a ranking supplied by the Economy Ministry at more

02.01.2012

Romania's Justice Ministry has developed a draft emergency ordinance to implement the simplified rules on floated company mergers and divisions, following a warning from the European Commission. more

01.30.2012

Launching a business in Romania will take no more than three days, starting next week, and the legislation needed to implement the procedure is ready, Prime Minister Emil Boc announced Monday. more

01.27.2012

A Dutch logistics company will open its first Romanian office near the Transylvania Highway, hiring more than 100 people, while another Dutch company, which makes equipment for the food industry, will more

01.27.2012

Board members at state-run companies will be chosen by independent human resources experts, the annual and six-month financial reports will be published on corporate websites, as will the salaries of more

01.25.2012

Crowding and discontent, this was the atmosphere on Tuesday morning in front of the Fiscal Administration of Bucharest's 2nd district, where around 100 people were queuing up to submit the necessary more

01.24.2012

Romania's Trade Registry Thursday said 19,651 companies filed for insolvency in the 2011, down 10% from 21,700 companies in the year before. more

01.19.2012

Romania's Economy Ministry has asked the Government to revise the 2011 budgets of almost 50 state-owned companies, to include higher costs, and complained that the Finance Ministry has not approved more

01.11.2012

The Competition Council on Tuesday delivered the most eagerly awaited verdict of a probe, saying that the major oil companies were guilty of having reached an understanding to withdraw a type of more