ZF English
570,000 of unemployed erased from statistics in 2010. Nobody knows what happened to them
Over half a million unemployed were removed from unemployment statistics in 2010 because they did not renew their job applications with the employment agencies, so they are no longer recorde...
Romanians in multinationals are more profitable than Western Europeans
Each Romanian employee in a multinational generated an annual gross profit of 5,898 euros in 2009 to foreign investors, surprisingly nearly 8% higher than that generated by a Western Europea...
Cotroceni Park in its first year: sales of 450,000 euros/day
Cotroceni Park Mall in Bucharest, controlled by Israeli billionaire Lev Leviev, became a cash magnet for Bucharest inhabitants in 2010, its first full year in business, with tenants of the s...
Hanul lui Manuc to open garden and oriental restaurant this summer
Hanul lui Manuc (Manuc's Inn), one of the most famous XIXth century Bucharest landmarks, is starting to come back to life following an around two million-euro investment in reconditioning.
Who's to blame for the freeze of the 4bn-euro reactor project?
Four of the six investors decided to withdraw from the two new 4bn-euro reactors of Cernavodă, Romania's biggest investment project of the past 20 years.
Negrițoiu, ING: I have no term limit
Mișu Negrițoiu, who in summer will have run ING Bank Romania for five years, says he does not have a management contract for a definite period of time of three or five years, as is the rule...
Are IKEA orders on the rise? Jucu furniture supplier hires 160 people
Ecolor furniture producer, owner of a plant in Jucu, Cluj County close to Nokia manufacturing centre, wants to hire around 160 people this year, to reach a 400 headcount.
Rekkers, BT: We want to boost lending by as much as 20%
Banca Transilvania plans to spur lending by as much as 20% this year, after having boosted lending volumes by 10% last year, and has the biggest demand pick-up expectations from the corporat...
Insurers expect two-digit decline and possibly bankruptcies
The general insurance segment is likely to shrink by as much as 15% this year on the falling premiums cashed in from car policies, after a single digit decline in 2010, which may prove to be...