Economics
June 16, 2014 13:27
Philips Healthcare has a new general manager as of today, Alexandru Popescu being appointed at the helm of the south-eastern operations of the world’s leading group in healthcare....more »
June 16, 2014 10:32
Electrica launched the IPO for 51 percent of its share capital, the largest initial public offering ever on the Bucharest Stock Exchange which is being run between June 16 and June 25, 2014....more »
June 13, 2014 14:33
The expected decrease by 5 percent of the social insurance contribution (CAS) will be eventually effective starting October 1, five months later than the initial target, Victor Ponta yesterday announced, also mentioning that the IMF and the EU Commission have not agreed with this fiscal measure....more »
June 13, 2014 10:45
The global healthcare company GlaxoSmithKline will be closing the production facility in Brasov on not succeeding its sale as expected, so its operations will be transferred to Poland and Spain by the end of 2015 when the production is foreseen to be fully stopped. The decision affecting 236 employees who will lose their jobs has been taken after ten months since GSK announced that the Europharm plant will be left outside its global production network of solid oral products....more »
June 12, 2014 17:07
The International Monetary Fund Mission is leaving Bucharest without any evaluation report, said Victor Ponta in a Bloomberg interview. Also, a new visit of a Fund’s mission in the next period, namely in July-August, it is uncertain, according to Mediafax which cites sources close to talks....more »
June 11, 2014 15:09
Following several meetings in the last few days, the General Assembly of Shareholders of the Romanian Post has removed from office five of the six members of the company’s Board of Directors alongside the General Manager, Ion Smeeianu....more »
June 11, 2014 13:24
eMAG reconfigures its shareholding structure upon Radu Apostolescu, one of the founders of the e-tailer, has announced the exit, according to a company release. His 8.4 percent in the company will be divided between the existing shareholders – Iulian Stanciu (21.6 percent) and the South African group Naspers which become the major shareholder in 2012 when took over 70 percent of the total shares. Any additional details on the transaction have not been disclosed up to this point....more »
June 11, 2014 11:56
Both exports and imports have seen increasing activity in
first four months of the year compared to the similar period in 2013, shows the
latest report released by the National Institute of Statistics (INSSE). Also,
the trade deficit became high...more »
June 10, 2014 15:09
Electroputere, the Craiova-based electrical equipment manufacturer, is running an equity offering so as to raise share capital and partially offset the debt resulted from the loan transactions the major shareholder concluded with the company, is stated by a notification sent to the Bucharest Stock Exchange where it is listed. The capital increase was approved last year in early November during the Extraordinary General Meeting of Shareholders, the Financial Supervisory Authority approving the Offering Prospectus at the end of the past month....more »
June 10, 2014 12:53
The extended deadline for submitting a biding offer for taking over the stake Oltchim S.A owns in Oltchim SPV S.R.L which expired on June 6 has not brought any investor, although there were some who purchased the Presentation file, states a press release of the Ministry of Economy which controls the company....more »
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