ZF English
New Labour Code comes into force
The new provisions of the Labour Code, which extend the notice period, introduce the temporary employment agent and tougher penalties against informal employment, with employers risking to g...
Managers of state-owned companies to report economic indicators to the Finance Ministry on a monthly basis
Public corporations and state companies will be required to notify the Finance Ministry on a monthly or a quarterly basis on the progression of financial indicators, and to meet certain perf...
Market to be flooded with cheap Fondul Proprietatea shares as of Monday
Almost 1.5 billion Fondul Proprietatea (FP) shares, accounting for 10.7% in the capital of the fund might be transferred by the Finance Ministry to those people who hold compensation deeds a...
BCR returns to profit
BCR, the biggest local financial group, ended the first quarter with a modest net profit, 76.1 million lei (about 18 million euros), with the persistent difficult economy showing in the fina...
IMF says economy is starting to recover, which also carries the risk of reforms being dropped
IMF says the Romanian economy is starting to rebound, exports continue to increase and consumer and investor confidence, although low, is showing signs of recovery, yet warns that there is a...
Competition Council fines retailers for the first time in three years
The Competition Council yesterday fined discounter chain Profi and fruit and vegetable supplier Interfruct 4 million euros for fixing shelf prices for the products delivered to the Bucharest...
My Dream residential complex in Pipera: 15.3 million euros for 129 apartments
The biggest auction involving a set of insolvent new apartments will be organised next week, when the court-appointed administrator BDO and Bank of Cyprus will put up for sale 129 apartments...
DIY retailers head toward 100 "construction supplies hypermarkets", but some are already mulling closures
The DIY market is likely to reach critical mass this year: 100 "construction supplies hypermarkets", operated by the seven large companies on the market that primarily operate on the retail...
ArcelorMittal Galați lets another 1,050 employees go
ArcelorMittal Galați, Romania's biggest steel plant controlled by Indian billionaire Lakshmi Mittal, announced 1,050 employees would leave the company by yearend in the wake of some voluntar...