General
December 04, 2013 10:11
Romania improves its performance in 2013, increasing to five the number of companies listed in the Deloitte Technology FAST 500 EMEA 2013 ranking, compared with the previous two years when there were four companies ranked: Vola.ro (ranked 17), TeamNet International (217), Crys Computers (333), SmartTel (487) and Fortech (491). ...more »
November 26, 2013 12:09
The discussions Romania’s Minister of Economy, Andrei Gerea had with the presidents and specialists from BAOTA Petrochemical and JULUN Petroleum in late October concerning Oltchim seem to materialize. ...more »
November 18, 2013 11:19
As expected, the first meeting of TAROM’s new Board of Directors meant the election of its president. Dante Stein, the Honorary Adviser to Prime Minister has been appointed this position, while Manuel Donescu, Secretary of State for Transport, was designated to fill the Vice President position, TAROM informs through a press release....more »
November 13, 2013 13:57
While in London for the official launch of Romgaz’s GDRs (Global Depository Receipts) trading, Romania’s Prime Minister Victor Ponta took the opportunity and met possible investors interested in Romania’s business sector. Thus, after openin...more »
November 07, 2013 15:47
At the end of the 2-week visit in Romania, Andrea Schaechter, the head of the IMF (International Monetary Fund) Mission confirmed that the economic program supported through the recently approved stand-by agreement, mostly follows the good direction since all the performance criteria set for September 2013 has been met. She also emphasized that the authorities continued the fiscal adjustment and have not exceeded the deficit limit established for September, even though they have raised much lower revenue than expected....more »
November 07, 2013 13:09
In the current context where the privatizations sector checks failure over failure, neither does the private management strategy work better. At least that seems to be the case for TAROM, Romanian Air Transport Company that faces a delicate situation these days. Just as the Board of Directors at TAROM shortened Christian Heinzmann’s mandate, the CEO of the company, from four years to only one year, this summer, it was their turn to be dismissed by the General Meeting of Shareholders (GMS)....more »
October 31, 2013 12:20
Turkish business community is interested in the privatization of Oltchim, Cuprumin and Romanian Post, some of the priorities on the agenda of Romania’s Ministry of Economy announced TIAD (Turkish Businessmen Association in Romania) during a meeting with Andrei Gerea, the recently-appointed minister, also attended by the Turkish Ambassador, Omur Solendil. ...more »
October 30, 2013 13:27
Romania’s Minister of Economy, Andrei Gerea, continues his campaign through which attempts to attract foreign investors to possibly take over Oltchim. Gerea met yesterday with the presidents and specialists of two Chinese companies, BAOTA Petroc...more »
October 29, 2013 14:21
Romania maintains the ranking established last year by the World Bank Group (WBG) as per the Doing Business 2014 report. The recently released report ranks the global economies based on the overall ease of doing business, Romania being the 73rd out of 189 countries....more »
October 29, 2013 11:48
Bucharest Airports National Company (BANC) reported a 7.5% growth of its revenue within the first nine months of 2013 over the past year, reaching almost EUR110 million while the total revenue estimated for the current year is EUR146 million. Additionally, the gross profit registered – about EUR17 million, is three times higher than the amount budgeted for the whole year, states a press release of the company....more »
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