company

Major Bucharest Company Asks For Substantial Money Reimbursement

Unirea Shopping Center, one of the major companies listed on the Bucharest Stock Exchange, asks Carmen Palade, its former head of the Administration Board and CEO, to reimburse RON3 million to the company.

Bucharest Public Transport Authority RATB Might Become Commercial Co

Bucharest public transport authority RATB should be turned into a commercial enterprise, to increase its independence and allow it to access European funds, general manager Adrian Crit said Wednesday.

Romanian Govt Approves Micro-Business Start-Up Aid Act

Romanians younger than 35 will be eligible for up to EUR10,000 as non-refundable financing to start their own micro-company, as long as they hire at least two employees and reinvest 50% of their profit every year, as per an emergency ordinance approved by the Government on Wednesday.

Romanian Iproeb Puts 110 Employees On Technical Unemployment In July

Romanian cable producer Iproeb Bistrita (IPRU.RO) put 110 of its 556 employees on technical unemployment in July, citing lack of orders.

Romanian Embezzlement Suspect Caught As Illegal Immigrant In The US – Police

The former general manager of the Romanian National Railroad Company (CNCFR), Mihai Necolaiciuc, was detained by the FBI in the United States of America, for illegal stay, said Bujor Florescu, head of the Criminal investigations Department within the Romanian General Police Inspectorate.

French Carmaker Renault Reports 2.1% Hike In Sales In 2007

The net profit of French carmaker Renault lowered by 7.6% in 2007, to EUR2.73 billion, and worldwide sales rose 2.1%, to 2.48 million units, mainly due to Logan model, the company said Thursday.

Romania To See Cheaper International Calls

Romania’s postal company Posta Romana and telecom services supplier Media Sat lowered to 7.02 euro cents the prices for international calls through Suncard pre-paid cards toward the main hard lines in Europe, United States and Canada, the two companies said Tuesday.

Romanian-Canadian Rosia Montana Gold Corp. To Scale Back Activities

Romanian-Canadian Rosia Montana Gold Corporation said Tuesday, in a press conference in Romania’s central city of Alba Iulia, that it would scale back its activities, cutting nearly two-thirds of the subsidiary's 325 full-time employees.

Ferrari Buys Steel Pipes From Romania To Build New Headquarters

Italy’s Ferrari SpA will purchase 3,000 tons of steel pipes to build new headquarters from Romanian ArcelorMittal Iasi.