investors

Chinese Investors Vow To Bid For Romanian Projects

Chinese investors have assured the Romanian Government they will bid for major investment projects in Romania and will offer low prices for works and also inquired about state aid options.

Romanian PM Says Govt Will Pay Debts To German Cos, Keep 16% Flat Tax

Romanian Prime Minister Emil Boc told German Chancellor Angela Merkel Tuesday Romania will pay its debts to private companies and the government will continue to support investors by keeping the 16% flat tax, not taxing reinvested profit and developing public-private partnerships.

Foreign Cos Planning To Build Pwr Units In Romania Ask For State Aid

Several foreign companies interested to partner up with local firms in the construction of thermal power plants in Romania, asked for state aid the government cannot give, sources close to the matter told MEDIAFAX on Monday.

Romanian Workforce, Property Still Cheap, Investors Stand To Gain – PM

Romania’s workforce and property are still affordable, compared to other EU member states, and businesspeople who choose to invest in Romania now stand to gain at the end of the recession and the financial crisis, Prime Minister Emil Boc said Tuesday.

Red Tape In Romania Keeps Foreign Investors Away – Law Firm

Many foreign investors choose to discard their business plans in Romania over excessive deadlines for registration with the National Trade Registry Office ONRC, which can take up to one year, according to representatives of Bucharest-based law firm Enescu&Cuc.

Romanian President Urges Investors To Refrain From Mass Layoffs

Romanian President Traian Basescu Tuesday called on company owners and investors to think “ten times” before operating massive layoffs and suggested a partnership with the government to cushion the effects of the economic crisis.

Romania Supreme Court Resumes Debates On Bankrupt Fund File

Romania’s Supreme Court resumed debates Monday on the case involving the country’s former National Investment Fund, or FNI, which went bankrupt in 2000, after judges previously warned they would try the case regardless of the legal status of culprits.

Foreign Purchase Of Romania Shrs, Bonds 4-Mos RON207.8M Vs RON1.11B On Yr

The combined volume of shares and bonds that foreign investors bought on the Bucharest Stock Exchange and the Rasdaq market in the first four months declined to 207.8 million lei (EUR1=RON3.213), from RON1.11 billion during the same period a year before,the Romanian Securities Commission said Monday

Romanian PM Wishes In-House Privatization For Chemical Plant Oltchim

Romanian prime minister Calin Tariceanu said he would like chemical plant Oltchim to be privatized with Romanian capital, “if possible,” and not sold to foreign investors.

Investors Not Interested To Buy Romanian Ball Bearing Plant Rulmentul Brasov

Investors expressed no interest until Monday, May 5, in taking part in the fifth auction to sell Romanian ball bearing plant Rulmentul Brasov at a starting price of EUR56 million, lower by 20% than the evaluation price.

Romanian PM Loses Sleep Over Education, Healthcare Budgets

Romanian Premier Calin Popescu Tariceanu said Thursday that, due to the economic growth, the educational and healthcare systems were allocated significant amounts of money, and that he sometimes thinks at night about the manner in which the money is spent.

Turkish Investors Find Little Highly Qualified Staff In Romania-Turk Pres

Turkish President Abdullah Gul on Monday told Romanian Premier Calin Popescu Tariceanu that Turkish investors find little highly qualified personnel in Romania, the Romanian government said in a statement.