Romania: International Alexander Conducted Layoffs At Brandl Factory In (…)

January 9, 2025

International Alexander Conducted Layoffs At Brandl Factory In Sibiu At End Of 2024
Jan 9, 2025

International Alexander Conducted Layoffs At Brandl Factory In Sibiu At End Of 2024.

At the end of 2024, a car parts and accessories factory in Sibiu laid off 181 employees, according to data from the Territorial Labor Inspectorate (ITM) Sibiu, which did not specify the name of the company affected by these measures.

[Read the article in Ziarul Financiar]

SEE ALSO IN ROMANIAN NEWSPAPERS

SevenX Ventures increases stake in Romanian farmland operator Holde Agri Invest SevenX Ventures increased its stake in Holde Agri Invest, one of Romania’s largest agricultural land operators, the company announced. At the same time, Leonard Leca, a member of Holde’s Board of Directors and an investor in SevenX Ventures, increased his holding in SevenX Ventures to 71%, (…)

Romania keeps investigating alleged frauds that derailed presidential elections Romanian finance minister Tanczos Barna confirmed on January 9 that the tax collection agency ANAF, together with the judicial bodies, is investigating the financing of the electoral campaign of former presidential candidate C?lin Georgescu, focusing on "the manner and flows of money that (…)

Romania to decide on phasing off energy price capping scheme by end-January Romanian energy minister Sebastian Burduja announced that he is considering extending the capping-compensation scheme, in its current form, for another 3-6 months after April 1, 2025 – when it was supposed to be phased off. The ministry is working on several scenarios, he said. One of the (…)

Turkish exporters seek to bypass Bulgaria and use Romania's ports instead Turkish exporters want to use a new maritime route for their goods and are looking at Romania’s port of Constanta in the context of hundreds of trucks waiting for a long time at the border crossings with Bulgaria, especially at those at Kapikule and Hamzabeyli, according to Türkiye Today. Umit (…)

EC rejects request from Romania and Moldova for temporary CO2 certificates waiver The European Commission has refused to grant a temporary derogation from the obligation to purchase greenhouse gas emission certificates (CO2) for natural gas and coal-fired energy produced by Romanian companies OMV Petrom and CEO for the Republic of Moldova, according to Profit.ro quoting (…)

Competition Council slaps EUR 44 mln fine on Romania's three major cement makers Romania's Competition Council announced on January 9 that it found that the country's three major cement producers, Holcim Romania, Romcim, and Heidelberg Materials, were responsible for price collusion and decided fines in a total amount of RON 217 million (nearly EUR 44 million). Holcim, (…)

S&P to review Romania's rating this month International rating agency S&P announced it would carry out its first review of Romania's rating on January 24 and another two times later this year in April and October, according to Profit.ro. The review calendar includes a supplementary assessment on the first of the month, compared to (…)