ZF English
Bankers, replaced in salary ranking by fuel and metal sellers
Bankers, who in 2009 dominated the top half of the ranking of the 10 biggest net salaries in Bucharest, were last year replaced by fuel and metal sellers or fund managers, who were new entra...
Franke owner sets up Swiss village near Timișoara
Michael Pieper, owner of Switzerland’s Franke Artemis group, with 2bn-euro turnover, who also owns 10% in Carpatair, has 20 hectares of land near Timișoara, where he wants to develop a “Swis...
Social security contributions will not be cut, economic growth forecast revised down for 2012, kept at 1.5% for 2011
The IMF and the Government are today presenting the results of the first review of the new precautionary arrangement with the IMF, after last week the two parties had yet to reach final agre...
Băsescu finds “the barons of the economy” in energy companies, although their bosses are politically appointed
The head of state at the end of last week identified the big “boyars-barons” of the Romanian economy as being the managers of the biggest local energy companies.
Owner of Romtelecom and Cosmote: Consumption may pick up as late as 2011 in Romania
Despite some macroeconomic stabilisation signs registered in the first quarter, particularly generated by exports and some infrastructure projects, consumer spending is still frozen in Roman...
Ford sets eyes on rivals’ car dealers
The import unit of Ford Romania, the second largest carmaker domestically, plans to open ten new Ford centres this year and half of them will be “converted” centres, namely firms that will g...
Isărescu’s new dilemma: How much can the euro slide without attracting speculators again
The NBR is no longer thinking favourably about leu’s strengthening further, after the exchange rate has slid by around 4% since the start of the year. The rising leu is attracting portfolio...
Electroargeș shares saw three-fold decline since Chelu became a shareholder
The market value of vacuum cleaner manufacturer Electroargeș Curtea de Argeș (ELGS) has fallen three-fold on the Stock Exchange since the end of October last year, when businessman Cătălin C...
Mușat: Receipts rose by 15-20% in the first 4 months
Lawyer Gheorghe Mușat, founder of Mușat & Asociații law firm, one of the strongest players on the market, is speaking about improving receipts after two years in which the crisis cut the fir...