Romania maintains its first place in Deloitte Central Europe Technology Fast 50 top which includes the most dynamic companies in the technology sector. This the third consecutive years Romania leads the top that is at its 14th edition. The success is due to six companies operating in this sector, being a confirmation of their continuous evolution according to Agerpres....more »

Romanian Railway Group (GFR) will recover the EUR10 million guarantee paid during the privatization procedure of CFR Marfa that eventually failed to be carried out. Also, the EUR20 million escrow account has been unblocked, too....more »

The Vice President and Board Member for the Romanian Competition Council Valentin Mircea has stepped down from the position as of October 2013. Mircea served as VP for four-and-a-half years and said he left his post October 8 of this year. Following his departure, Mircea said he would “revert to the academia” at the Center for Studies in Competition Law at the Bucharest University. ...more »

Jinga, Maravela & Asociatii law firm announces its successful representation of a regional contracting authority in a litigation against the Romania’s Ministry of Environment, through a company release sent to Govnet. The contracting authority whose name cannot be disclosed at this point is a state-owned company running a EUR120 million European funding project....more »

Romanian Government failed to carry out the privatization of CFR Marfa, checking another fiasco on its list. Next foreseeable step: finding someone to blame as both parties involved – the Ministry of Transport and GFR, don’t admit any liability for this failure....more »

The privatization of CFR Marfa saga is almost over. Since the afferent Emergency Ordinance stipulates October 14 as the deadline for carrying out the privatization and the draft of the Ministry of Transport for delaying it was not even discussed during the last Governmental meeting, the very next period is decisive for its completion or its failure. ...more »

EU Commission has decided to eventually resume payments towards Romania through POS CCE (Operational Program 'Increase of Economic Competitiveness') subsequent to measures taken by Romanian Government in that regard in order to comply with the Commission's recommendation. One of them was evaluating in August about 4000 financing requests that have been submitted starting 2011 reads a press release of the Ministry of European Funds. ...more »

Romania's Ministry of Communications and Information Society (MSI) chose Bulboaca si Asociatii law firm to provide legal support in the privatization of Romtelecom. The ministry decided in favor of the law firm upon analyzing all five offers submitted, the main decision factor being the pricing of Bulboaca si Asociatii services, which is more convenient compared to those of the other four candidates, shows a press release....more »

Upon the ArcelorMittal's decision on adding EUR66million to its capital during the Shareholders General Assembly on January 26, 2012, SIF Moldova, one of the minor shareholders started a legal action in order to possibly annul it. SIF considered the capital increase proposal lacking transparency and inopportune as per a release published at that moment, the previous increases performed being also disputed by the society....more »

Tomasz Wolanowski has been recently appointed as the new Country Manager for ABB in Romania, effective September 1, 2013. Mr. Wolanowski succeeds Mr. Peter Simon who retired after a 38 year career in ABB....more »