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Archive for August, 2009

News from Romania. Archive for August, 2009



Hard times for fashion retailers in Bucharest

31 August 2009: this year’s first autumn rain coincided, for many fashion retailers, with the last day of the summer sales season. Armed with [... more]

The driving “record” brings higher MTPL prices for careless drivers

Companies will also be able to use a bonus-malus system, to go into effect as of 1 January 2010, for compulsory motor third-party liability [... more]

What can Romania do with €1.5 bln

The Romanian state wants to attract between €500 million and €1.5 billion from international capital markets in the second half of this [... more]

The government must prepare €200 mln in drought damage payment

Agricultural producers said that the government should set aside over €200 mln, about one tenth of the Ministry of Agriculture’s budget for [... more]

Which electrode producer has the most new micro-hydro plants

At the end of June, there were 15 companies registered on the local market who were producing electricity in new or upgraded micro-hydro plants, [... more]

The online store segment to double the FAN Courier business share

The owners of FAN Courier forecast a doubling in business on the online store segment, which could make up as much as 20 percent of net sales [... more]

Prices of old apartments are still high in central Bucharest

On the www.MagazinulDeCase.ro real estate Web site, which posts only ads from owners, the least expensive apartment for sale in Bucharest, [... more]

How to become a headhunter in this time of crisis

You are a manager with 10 years of experience. You have a job and a monthly salary worth over €5,000, but the company you are working for has [... more]

IT&C companies have more debts in 2009

The debts of companies in the local IT&C industry will increase this year, according to analysts and main players in the field, due to delays [... more]

Energy Holding sees profit soar by over six times

Energy Holding was again the most influential private energy trader last year despite the loss of huge clients like Petrom and Oltchim, which generated 100 [... more]

With five stores, Zara exceeds Jolidon’s business generated by 90 stores

Zara, the leading brand in the portfolio of Spanish retailer Inditex on the Romanian market, has fetched the company 32.7 million-euro revenues with just [... more]

Most expensive cars repossessed by leasing companies

A 460,000-euro Rolls Royce Phantom Cabriolet, a 335,000-euro Maybach 62 S and an over 315,000-euro Bentley Arnage T are among the most expensive cars to be [... more]

The head and secretary of Sabyc fertility clinic to be investigated

Bucharest Court of Appeal decided that Harry Mironescu, head of Romanian fertility clinic Sabyc, and his secretary, Cecilia Borza, will be investigated and are [... more]

Romanias Presidential elections to be held on November 22, 2009

Romania's Presidential elections will be held on November 22, 2009, when citizens will be called to cast their first vote. The second ballot will be [... more]

RFI analysis: Romanias diplomacy is too diplomatic

Romania's foreign policy is too shy, apart from its lack of clear objectives and inconsistency with the tools it has at its disposal, RFI writes, in an [... more]

40 % cheaper house apartments

The prices of Romanian house apartments, evaluated in leu currency, decreased by 10-40 % in the first semester, in comparison with last year’s end, according [... more]

Campofrio chooses cheapest option: modernisation of Tulcea factory

Campofrio and Smithfield giants, controlling Tabco-Campofrio domestic charcuterie producer, decided to invest two million euros from their own sources to [... more]

Greek banks end Q2 with less money

The second quarter of this year seriously diluted the profits of Greek shareholders: while Banca Romaneasca saw its net income go down by 17%, Bancpost's [... more]

Greek banks end Q2 with less money

The second quarter of this year seriously diluted the profits of Greek shareholders: while Banca Romaneasca saw its net income go down by 17%, Bancpost's [... more]

L’Oréal: We won’t see the 2008 growth again

L'Oréal Romania, one of the largest cosmetics companies on the Romanian market, posted a 65.1 million-euro turnover last year, 10 million euros more [... more]

EBRD loan makes Kaufland the most aggressive hypermarket network

Kaufland opened its 42nd discount hypermarket at the end of last week, in Slobozia, bringing its investments in expansion to 30-40 million euros this year, [... more]

Gold Plaza developer: Only 5 out of 120 projected malls going ahead

Gold Plaza developer: Only 5 out of 120 projected malls going ahead

Constanta shipyard doubles turnover

Santierul Naval Constanta (SNC - Constanta Shipyard), the second largest shipbuilder in Romania, controlled by businessman Gheorghe Bosanceanu, doubled its [... more]

2m-euro losses for bankers’ restaurant

Heritage, Bucharest's most expensive restaurant, also known as "bankers' restaurant", because most shareholders are bankers, recorded 1.6 [... more]

Sabyc Fertility Clinic Head, Secretary To Be Investigated At Large

The Bucharest Court of Appeals on Monday ruled that Harry Mironescu, head of Romanian fertility clinic Sabyc, and his secretary Cecilia Borza will be [... more]

Selgros Cash&Carry Opens EUR38M Store In Bucharest

Selgros Cash&Carry, a unit of Germany's retailer Rewe, will open Tuesday its 18th store in Romania and the fourth in the capital city Bucharest, following [... more]

Romanian Govt To Take Responsibility For Law Packs In Three Stages

Romanian interior minister and deputy prime minister Dan Nica said Monday the government will take responsibility in Parliament, in three stages, for three law [... more]

Swine flu toll in Romania reaches 307

Romania's Health ministry announced on Monday another 26 swine flu cases just last week. The total number of AH1N1 cases reached 307. Of the 26 confirmed [... more]

Dacia restarts production on Monday

After its annual technical check which lasted four weeks, Dacia will restart production on Monday. The company's spokesperson, Roxana Evanghelie declared, [... more]

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