Latest news with #localcompanies
Reuters
3 days ago
- Business
- Reuters
Romanian officials reroute flooded stream away from Praid salt mine
BUCHAREST, June 3 (Reuters) - Romanian officials were rerouting a stream in central Romania to prevent further flooding of the Praid salt mine, one of Europe's largest salt reserves and a crucial tourist attraction, after parts of its floor caved in. Authorities evacuated 45 households near the mine areas at risk of collapse after the worst floods in 30 years in the central Romanian county of Harghita have swollen the nearby stream. While part of the mine has been producing salt, with an annual production capacity of around 70,000-100,000 metric tons, its huge galleries and medical centre attract half a million tourists each year. On Monday, the government approved support schemes worth 300 million lei ($67.82 million) for immediate help to the state-owned mine as well as up to 200 local companies that will be affected from the loss of tourism. European experts were also expected on site to assess potential solutions to save the mine. ($1 = 4.4234 lei)
Bloomberg
26-05-2025
- Business
- Bloomberg
Hungary Warns Wage-Hike Plan at Risk From Weak Economy
Hungary's government warned it may need to renegotiate minimum wage hikes planned for 2026 due to weaker-than-expected growth, in the latest downbeat economic outlook from officials. The cabinet prefers to reconsider substantial minimum wage hikes if that would hurt local companies, Economy Minister Marton Nagy said at a conference in Budapest Monday. If economic or wage growth lags forecasts, the government will be open to renegotiating a previously agreed wage deal later this year, he added.
Arabian Business
22-05-2025
- Business
- Arabian Business
Dubai Chamber of Commerce to visit Philippines and Thailand on trade mission
The mission comes as part of the 'New Horizons' initiative, which aims to support the expansion of local companies into promising global markets. The chamber hosted a virtual briefing session for members of the trade mission, which includes representatives from a diverse range of Dubai-based companies operating in sectors such as: Food and beverages Human resources Automotive trade Hospitality Industrial oils Agriculture Electronics Investment Dubai Chamber of Commerce to visit Philippines and Thailand Participants were briefed on the mission's programme, which features meetings and bilateral business matchmaking sessions between companies from Dubai and their counterparts in the Philippines and Thailand to explore opportunities for collaboration, align interests, and identify potential areas for growth. Attendees also gained valuable insights into the economic landscape and market dynamics of both countries. The 'New Horizons' initiative is a key pillar of the chamber's efforts to promote the global expansion of Dubai-based companies and enable them to capitalise on rewarding opportunities in new international markets. The initiative aligns with the goals of the 'Dubai Global' initiative, which seeks to help local companies explore new business prospects across 30 priority markets worldwide.
Emirates 24/7
22-05-2025
- Business
- Emirates 24/7
Dubai Chamber of Commerce organises trade mission to the Philippines, Thailand
Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has completed preparations for its upcoming trade mission to the Philippines and Thailand, which will take place from 26th to 30th May. The mission comes as part of the 'New Horizons' initiative, which aims to support the expansion of local companies into promising global markets. The chamber hosted a virtual briefing session for members of the trade mission, which includes representatives from a diverse range of Dubai-based companies operating in sectors such as food and beverages, human resources, the automotive trade, hospitality, industrial oils, agriculture, electronics, and investment. Participants were briefed on the mission's programme, which features meetings and bilateral business matchmaking sessions between companies from Dubai and their counterparts in the Philippines and Thailand to explore opportunities for collaboration, align interests, and identify potential areas for growth. Attendees also gained valuable insights into the economic landscape and market dynamics of both countries. The 'New Horizons' initiative is a key pillar of the chamber's efforts to promote the global expansion of Dubai-based companies and enable them to capitalise on rewarding opportunities in new international markets. The initiative aligns with the goals of the "Dubai Global" initiative, which seeks to help local companies explore new business prospects across 30 priority markets worldwide. Follow Emirates 24|7 on Google News.
