companies

Romanian Cos Targeting 6-Mo Budget Debt Payment Delay To Submit Bk/Property Guarantees

15:07, 01 Iul. 2009
The Romanian companies aiming to postpone paying budget debts for a six-month period will be compelled to guarantee the subsequent debt reimbursement through banking and/or real estate letters of guarantee, which need to cover the deferred amounts and any delay penalties.

Romanian Econ Min-Owned Cos To Hike Salaries By 5% In ’09

16:32, 18 Iun. 2009
The gross salaries of the employees with 26 companies owned by the Romanian Economy Minister will increase by 5% in 2009, to cover the projected inflation rate.

Romanian Energy, Chemical Plants To Use Only Local Gas For 6 Mos – Draft

18:17, 27 Mai 2009
Romanian electricity and thermal power producers and chemical plants will receive, in the May 1-September 30 period, only natural gas from local producers, which is cheaper compared with the imported gas, in order to better deal with the economic crisis and avoid laying off 9,000 employees.

A Third Of Romanian Companies To Make Layoffs In ’09 – Survey

14:47, 11 Mai 2009
More than 30% of private companies in Romania will make lay off staff in 2009 to cut costs, while 41% of the companies planned a lower salary budget this year because of the economic turmoil, according to a survey of research company Hewitt Associates.

Foreign Contribution To Romanian Cos Shr Cap At EUR1.1B In 1Q, Dn 20% On Yr

17:42, 06 Mai 2009
Foreign investments as contributions to the share capital of Romanian companies totaled around EUR1.1 billion in the first quarter of 2009, down 20% from EUR1.39 billion in the corresponding period a year earlier, according to Trade Registry data.

No Of Dissolved Cos Unrelated To Minimum Tax Enforcement – Fin Min

16:32, 30 Apr. 2009
The number of companies dissolved this year is not related to the implementation of the minimum yearly tax as of May 1, but rather reflects a natural evolution of the economy, which was also registered in the previous years, Finance Minister Gheorghe Pogea said Thursday.

Romania Cuts Almost 3,000 Jobs This Week

19:22, 08 Apr. 2009
Romania will scrap over 24,125 jobs between April and October, almost 3,000 more than last week, the National Employment Agency ANOFM stated Wednesday.

Romanian Cos Must Raise Liquidity To Survive Crisis – Consultants

18:24, 31 Mart. 2009
Romania’s companies must increase their funds, so that they might be able to deal with the current economic crisis, through reducing inventories, collecting debts and increasing the payment period towards suppliers, Aniko Somodi, consultant within Horvath&Partners, said Tuesday.

Romanian Cos To Pay Lower Taxes For Devalued Properties In ’09

14:34, 10 Mart. 2009
Romanian companies can pay a lower tax on buildings this year, if they reevaluate their properties, since the market value of said properties decreased, reaching the lowest level in the past two years, according to representatives of real estate company MediaCity.

Romania To Eliminate 21 Permits Currently Required In Construction, Transport, Tourism, Energy

10:14, 05 Mart. 2009
The Romanian government decided in a memorandum Wednesday to eliminate 21 authorizations currently required in construction, transport, tourism, winemaking and the energy sector by the end of June.

Nine Romanian Railroad Companies To Undergo Restructuring, 4,000 Layoffs

16:58, 26 Feb. 2009
The Romanian Ministry of Transport will begin, in the next three months, restructuring nine railroad companies detached from mother-companies, in a process that involves the layoff of some 4,000 employees, said deputy secretary of state within the ministry, Constantin Axinia.

Romania Cuts Over 47,000 Jobs By October

12:52, 25 Feb. 2009
Romania will scrap over 47,000 jobs by October, of which over 3,500 job cut notices were received over the past week, the country’s employment agency said Wednesday.

Romanian Econ Min, AVAS To Aid Struggling State-Owned Cos

16:19, 22 Feb. 2009
Romanian privatization authority AVAS and the Ministry of Economy will be able to financially support the struggling companies in the state’s portfolio through loans, subsidy and working capital infusions, as well as the increase of capital with the value of debts.

Romanian Cos To Sack Over 43,000 People By Oct

18:09, 19 Feb. 2009
A total of 475 Romanian companies countrywide announced they would layoff 43,658 employees by October, most of them in the capital city, Bucharest.

Debts Of Former Govt Need To Be Paid, Thousands Of Cos Might Go Bankrupt – Romanian Deputy PM

12:26, 27 Ian. 2009
Romanian deputy prime minister Dan Nica said Tuesday the Executive is making efforts to pay the debt of EUR2 billion in January and February, left by the former Government, adding the risk to cause tens of thousands of firms go bankrupt is real.

Seven Cos In N Romanian County Scrap 341 Jobs In Jan

11:41, 15 Ian. 2009
Seven companies in Bistrita-Nasaud county, northern Romania, notified the local employment agency they would lay off 341 employees in January, mostly in the construction sector.

Ctrl Romanian Cos To Layoff Over 2,700 Employees In Jan, Feb

16:45, 06 Ian. 2009
The central Romanian Brasov county employment agency published a new list of collective layoffs to be unfolded in January and February. Thus, over 2,700 people in 20 companies will be laid over these two months.

Romanian Insurers Up Auto Civil Liability Policy Premiums

17:50, 05 Ian. 2009
Romanian insurance companies upped the fees for auto civil liability insurance policies (RCA) valid in 2009, by percentages between 10% and 30%, while in some cases the fees vary with respect for the make and age of the car, the age and experience of the driver and their county of residence.

Half Of Romanian Cos May Consider Layoffs In ‘09 – Survey

20:15, 17 Dec. 2008
Almost half of Romanian companies will keep or even decrease their number of employees in 2009, while 18% consider the “freezing” of salaries, given that 24% of the companies estimate results below expectations, according to a survey of consultancy company Hay Group.

Romanian State To Pay Iraqi Debt To 25 Cos In Installments Over 20 Yrs

19:33, 11 Dec. 2008
A total number of 25 Romanian companies with business sin Iraq in the ‘80s, including car maker Dacia, lender BCR and oil company Rompetrol, will receive a total sum of $112.4 million from the state, money owed by the Arab state. The sums will be paid over 20 years.

Romanian Bks Expect More Restrictive Lending Terms For Cos In 4Q

19:29, 28 Nov. 2008
Romanian companies should expect more restrictive lending terms and standards in the last quarter of the year, especially for long-term loans, continuing the trend from the third quarter of the year.

Romania Pres Says Recent Visits To Large Cos Not Related To Any Electoral Campaign

21:17, 24 Nov. 2008
Romanian President Traian Basescu told a press conference Monday that his recent visits to large companies were not part of any electoral campaign whatsoever, stressing he just could not sit back and relax in his office, waiting to hear what journalists and politicians say in the fallout of the economic crisis.

Two Construction Cos In C Romania To Scrap Nearly 1,000 Jobs Citing Intl Crisis

13:02, 20 Nov. 2008
Romanian construction company Concefa and construction material trader Ambient, based in Sibiu, central Romania, notified the local labor inspectorate and employment agency they will start laying off nearly 1,000 people starting November, citing the international crisis and lack of activity.

Romanian Cos Delay Paying Taxes On Liquidity Shortage – Fin Min

16:06, 04 Nov. 2008
Companies in Romania have liquidity problems, as banks cut their credit lines, and postponed paying their taxes, causing losses of 1.5 billion lei (EUR1=RON3.6838) to the state budget, Economy and Finance Minister Varujan Vosganian said Tuesday.

Romanian Cos Unfolding Contracts With ArcelorMittal Galati Laid Off Over 300 People

15:26, 03 Nov. 2008
Companies based in Galati, eastern Romania, unfolding various contracts with steel company ArcelorMittal Galati, a unit of UK-based giant ArcelorMittal Group, laid off over 300 employees in recent days, according to data offered by the local employment agency.

Romanian Bks To Resume Corporate Lending In 2-3 Weeks – Fiscal Agency Official

13:48, 30 Oct. 2008
Romanian companies face a certain financial blockage, as banks halted lending, Daniel Chitoiu, head of the Romanian fiscal authority ANAF, said Thursday, adding the situation will improve in the following two or three weeks.

Ctrl Bker: Romanian Cos Should Speed Up EU Funds Attraction Process

14:42, 21 Oct. 2008
Romanian companies should speed up the process of attracting EU funds, as financing from banks will become more expensive, given the current international financial crisis, central bank deputy governor Eugen Dijmarescu said Tuesday.

Low-Cost Airliners To Transfer Flights Onto Henri Coanda Airport Sept 29-Oct 12

14:32, 23 Sept. 2008
Low-cost airliners will transfer all their flights onto the International Airport Henri Coanda, between September 29 and October 12, as the airport Aurel Vlaicu in Baneasa is closed for maintenance works.

INS: Romanian Companies’ Innovation Invests Slightly Up In ‘04-‘06

11:07, 30 Iun. 2008
Approximately 21.1% of the Romanian companies employing at least 10 workers launched new or significantly improved products on the market between 2004 and 2006, up 1.2% compared to 2002-2004 period, the National Institute for Statistics, or INS, said Monday.

Romanian Prv Auth To Takeover Protfolio Cos Debts

21:46, 23 Iun. 2008
The Romanian privatization authority (AVAS) will take over total debts of RON36.6 million accumulated by 13 companies in the institution's portfolio to the State Reserve Administration, resulting from failures or delays in the payment of products.

Oil Cos Cause Problems, Not The Fiscal Policy – Romanian Econ Fin Min

19:07, 28 Mai 2008
A decrease in excises and taxes for car fuels does not guarantee price decreases, in Romania the problem comes from the behavior of companies, not from the state’s fiscal policy, said economy and finance minister Varujan Vosganian.

Securities Commission OKs 14 Foreign Cos To Operate On Romanian Capital Mkt

18:23, 14 Mart. 2008
Romania’s Securities Commission CNVM authorized 14 investment companies from U.K, Cyprus, the Netherlands and Denmark to operate on the Romanian capital market, the regulator said Friday.

Romania Lacks 17 Employees/Company On Avg – Poll

15:42, 07 Mart. 2008
Labor force shortage in Romania is of 17 employees per company on average, and might go up to 29 employees, especially in sectors requiring skilled workers, according to a poll by the Council for Small and Medium-Sized Enterprises, or SMEs.

Romania’s New Justice Minister Prides On Strong Reputation

22:51, 01 Mart. 2008
Romania’s new justice minister Catalin Marian Predoiu is member in the Managing Board of savings house CEC, business partner with a law firm, as well as shareholder in two business and management consulting companies.

Romanian Cos To File Profit Tax Statements By February 15

14:41, 10 Feb. 2008
Romanian companies must file statements regarding the tax on profit due for the fiscal year 2007 by February 15.

Romania’s Consumer Watchdog Fines Ten Airliners For Passenger Rights Violation

15:52, 29 Ian. 2008
Romania’s consumer protection watchdog fined ten airliners over 288,000 lei (EUR1=RON3.7420) for having breached passenger rights regulations, the watchdog head Dan Vlaicu told a press conference Tuesday.

A Total Number Of 16 Insurance Cos Eye RCA In ’08

18:52, 13 Dec. 2007
A total number of 16 companies turned to the Romanian Insurance Surveillance Commission (CSA) to maintain, in 2008, their authorization to offer the mandatory civil liability insurance for cars (RCA), according to data issued by the regulatory authority.