02.26.2013

One of Romania’s structural problems is that it does not have enough medium-sized entrepreneurs with local capital that are able to expand regionally, so one needs to encourage local players, said more

02.12.2013

Romania’s Economy Ministry plans to select new members of the Managing Board for three energy and natural gas companies in its portfolio, including state-run nuclear power plant operator more

01.28.2013

Romanian companies expect the construction sector will continue decline in the first quarter of the year compared with the previous three months, while activity in retail and services will be mildly more

01.11.2013

The 100 most powerful executives in the Romanian economy run companies with a cumulated turnover of more than EUR60 billion in 2011 and are in charge of over 350,000 employees. Their management more

12.16.2012

Romania's industry privatization authority OPSPI has signed a frame contract worth 22.1 million lei (about EUR5 million), VAT included, with several firms for assistance in the selection of managers more

12.13.2012

Managers believe Romania will become a low-cost hub in the next 20 years, with competitive advantage in low value-added activities, while students consider the local market has innovative potential more

11.28.2012

Romanian companies expect activity in construction will continue to decline in the November-January period, but prices in the economy are seen rising, the statistics institute INS said in a survey more

11.15.2012

The stockholders of Romanian state-run power grid operator Transelectrica (TEL.RO) chose Thursday a new provisory Surveillance Council CS, which includes the former minister delegate for Business more

11.06.2012

Holcim Romania's manager Claudiu Soare was named chief executive officer of the group unit in Serbia, the company said in a statement Tuesday. more

10.29.2012

Romanian companies expect construction activity will continue to decline in the last three months of 2012, on weaker demand, the statistics institute INS said in a survey Monday. more

10.26.2012

Heinrich Vystoupil, recently selected to fill the position of chief executive officer of Romanian state-owned airline Tarom, does not accept the terms included in his contract and has until Monday to more

10.22.2012

Romanian state-owned port administrator Administratia Porturilor Maritime Constanta and navigable Danube canal administrator Administratia Canalelor Navigabile have finished the selection of private more

10.17.2012

Romanian state-owned airline Tarom named Heinrich Vystoupil, former head of Austrian Airlines Romania and Moldova, as chief executive officer, while Dan Pascariu, president of UniCredit Tiriac Bank, more

10.11.2012

Romania’s Transport Ministry will announce Friday morning the private managers selected to run state-owned airline Tarom. more

10.05.2012

Romanian Transport Minister Ovidiu Silaghi will soon choose the manager for state airline Tarom and members of the board of directors, after interviews for bringing private executives to run more

10.01.2012

Retailer Penny Market appointed two managers, Simon Hamersky and Daniel Gross, to oversee the development of the discount store chains Penny Market and Penny Market XXL on the local market. The more

09.28.2012

Romanian companies expect construction activity will slow down in September through November compared with the previous three months, the statistics institute INS said in a survey Friday. more

09.24.2012

Romtelecom, one of the largest local telecom operators, with almost 5 million subscribers to its telephone, Internet and TV services, has made some changes in its strategy and commercial residential more

09.19.2012

The dramatic situation that Romania’s largest chemical plant, Oltchim Ramnicu Valcea (OLT.RO) is the direct responsibility of the 33 members of the Board of Directors who have alternated at helm of more

09.18.2012

The functioning tax paid by the managers of Romania’s mandatory (Pillar II) private pension funds will increase by over 50% as of January 1, according to a decision recently approved by Romania's more

09.11.2012

The Transport Ministry received 3,500 CVs, organized 300 interviews, and ultimately came up with 180 candidates on the shortlists of private managers for 29 jobs in five state-run companies under its more

09.04.2012

The Bucharest Council on Tuesday dismissed Viorel Popescu, the head of the capital’s public transport authority RATB, and Mihai Becheanu, manager of heating distributor RADET, from the position of more

08.28.2012

Romanian companies expect retail activity will see a modest growth in August through October, with both production and demand estimated to pick up from the previous three months, the statistics more

08.27.2012

The best paid manager recruited by headhunters in the past year works in the chemical industry and earns a net monthly salary of EUR14,000 plus an annual bonus of EUR50,000, according to data more

07.30.2012

Romanian companies expect retail activity will pick up in July through September after posting a moderate growth in the previous three months, the statistics institute INS said in a survey Monday. more