ZF English
New Labour Code to increase employment rate from 58% to 64%
The employment rate in Romania - the proportion of people who are fit for work to the number of legally-employed workers is 58.6%, which means only 4.5 to 5 million Romanians of the 8 millio...
Asmita Gardens left without sales team
The sales team of the Asmita Gardens housing complex in Bucharest, which consists of over 800 apartments, has ended its activity, although nearly half the homes in the seven tower blocks bui...
Six consortiums left in the race to broker sale of Petrom stake
The bids submitted by six consortiums of banks and brokerage firms have been accepted by representatives of OPSPI (Office of State Ownership and Privatisation in Industry) and by those of th...
Transgaz and Transelectrica want to raise cash on the Bourse at the same time as the state
Transgaz Mediaș (TGN) natural gas transmission company and Transelectrica București (TEL) grid company are asking the state to give them the possibility of raising money on the Bourse throug...
Turkey's Credit Eruope shifts focus from retail to medium-sized companies
With a new management team, Turkish Credit Europe also changes strategy, with the focus now on medium-sized companies instead of retail, while alternative channels will make up for new offic...
Over half of car brands witnessing growth again
In the first two months of this year, 27 car brands out of the 45 ones present in Romania and that sell at least one passenger car per month registered a positive result compared with the si...
Franklin Templeton starts putting FP money to work
Fondul Proprietatea (FP) in February invested around 305m lei (72m euros) and boosted the number of stakes in listed companies from 28 in late January to 30, according to the net asset repor...
Three months after entering insolvency, Staer lays off 120 people and closes large stores in malls
Staer Internațional furniture company, which in December entered insolvency at shareholders' request, closed several stores it operated in shopping centres and opened new ones in street fron...
Nuclear crisis in Japan contaminates stock markets across the world
Shares across the world fell, the Tokyo Stock Exchange lost 10.6%. The Bank of Japan injected 245 billion dollars into the economy. A new major earthquake hit. Germany closed down 7 reactors...