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Archive for November, 2009

News from Romania. Archive for November, 2009



Economic credos of presidential candidates

Beyond the noise and the smoke screen that are dampening major topics, Sunday’s elections will lead to major changes in the political landscape, regardless [... more]

Upground builders paid in apartments

Developers of the Upground project in the Pipera district of Bucharest have transferred 60 apartments as part of a barter agreement to Lufin Construct, one [... more]

Foreign Affairs ministry confirms that a Romanian marine was on board of the Greek cargo captured by Somalian pirates

Romania's Foreign Affairs ministry confirmed on Tuesday that a Romanian marine was on board of the Green cargo Maran Centrauros, captured on Sunday by [... more]

EU waives visa requirements for citizens from Macedonia, Montenegro, Serbia

EU member states decided on Monday to waive visas for citizens in Macedonia, Montenegro and Serbia starting December 19, 2009, a press release of the EU [... more]

Romanian Health ministry: 82 A/H1N1 cases in the last 24 hours

Romania's Health ministry confirmed 82 new A/H1N1 cases in Romania in the last 24 hours, a press release reads. The total number of confirmed cases was [... more]

OMV bets 500m euros on exploration and production

Austria's OMV, the majority shareholder in Petrom, the biggest Romanian company, say that on the long term the group's strategy is to bolster the [... more]

Nokia Romania, 500m-euro turnover in two years

Finland's Nokia, world's biggest mobile phone producer, with annual sales of above 50bn euros, has quietly reached half a billion euro turnover in [... more]

Mercedes: After-sale services amount to selling a second ca

The head of the after-sales division within Mercedes-Benz Romania expects a revenue decline on servicing and on accessory sales (after-sales services) in [... more]

R-Kiosk: Drugstores and banks closing make room for us

Finnish chain R-Kiosk, held by Finnish group Sanoma, this autumn has become a competitor to be reckoned with for kiosks in big cities and sees the Romanian [... more]

Dacia Duster on the list of companies interested in 4×4 vehicle fleets

Sales of Dacia fleets to companies will reach 35% of overall sales on the Romanian market this year, around 15,000 units, according to representatives of the [... more]

Two former Rompetrol and Metro execs take over NordSee distribution

Dorin Gherman, former CEO of Rompetrol, Ionut Memetea and Marius Cliseru, set up DeSee Distribution in September this year, which handles import and [... more]

Marriott’s revenues down 22% ten months into the year

The new general manager of JW Marriott Grand Hotel, Israeli Igael Porecki, who took over at the helm of the largest five-star hotels on the Bucharest market [... more]

4 months, 3 weeks and 2 days top best movies of the decade

4 months, 3 weeks and 2 days, directed by Romanian Cristi Mungiu is considered one of the best movies of the decade, a Hollywood Reporter [... more]

UPDATE: Incumbent President Basescu to face his counter candidate Mircea Geoana in a public debate on Thursday at 7PM

Incumbent President Basescu invited his countercandidate Mircea Geoana to a public debate. The debate will be organized at the Public Policy institute on [... more]

Klaus Johannis: I will have a talk with Geoana and Antonescu

Sibiu's mayor, Klaus Johannis, endorsed by the Social Democrats, Liberals and Hungarian Democrats for PM announced on Monday morning, in a press conference [... more]

What the newspapers say: November 30, 2009

None of the two main political parties do not wish to reveal the amount spent on the campaign but focus on counting how much the opponents spent, one newspaper [... more]

Cioloş: A Commissioner with a budget the size of Romania’s

Dacian Cioloş, nominated by the President of the European Commission for the agriculture portfolio, has every chance of being approved during [... more]

Petrom prepares to invest over €1 bln in 2010

Petrom, Romania’s largest company in terms of net sales, part of the Austrian OMV oil and gas group, will invest over €1 billion in 2010, [... more]

Faith in Romania’s economy lowest in EU

According to the Economic Sentiment Indicator, which reflects economic expectation for the countries of the European Union, shows that optimism [... more]

CMU opens its second clinic in Cluj-Napoca

The Unirea Medical Centre (CMU) healthcare service provider opened a new clinic in Cluj-Napoca, CMU Pasteur, its second in this city, following a [... more]

Parvu, Piraeus: I do not believe that lending will boost consumption, due to arrears and limited eligibility

There will not be a significant increase in the demand for loans in 2010, and the mortgage segment is the only one that could register growth, [... more]

Raiffeisen Europlus: €40 mln in the first month

The Raiffeisen Europlus mutual fund attracted the largest subscriptions ever registered by an investment fund in the first month since its [... more]

Mechel: The crisis and the postponement of investments in infrastructure pushed the steel market back 35 years

Romania’s raw steel production returned to its 1974 level, due to the dramatic drop in demand in some sectors, such as auto, industrial [... more]

The crisis drives mobile phone market value down 30%

The number of mobile phones sold on the Romanian market will drop to 3.6 million units this year, down 15.88 percent compared to 2008, when [... more]

Boc: Bugdet revenues up 8% in November

The revenues of the state budget totalled 10.7 billion RON (about 2.5 billion euros) on November 27, up 8% compared with the level registered a year ago, [... more]

Bancpost moves headquarters to cut costs

Bancpost, the eighth largest bank on the Romanian market in terms of assets, is preparing to move its headquarters from the tower block on Calea Vitan to a [... more]

Anca Vlad: Capitalism gave me freedom

Anca Vlad, owner of drugs distributor Fildas and drugstore chain Catena, set up firm no. 800 in the early days of capitalism on the Romanian market, while [... more]

Direct entry of fashion brands generates profit quickly

The presence in Romania of representatives of H&M, one of the world's leading clothing retailers, to gather information on a potential direct entry [... more]

First nine months for top two players on Romanian petroleum market

Petrom and Rompetrol, the main players on the Romanian petroleum market whose cumulated market shares account for more than half of the local fuel sales, bet [... more]

Irum Reghin sells agricultural and forestry equipment worth 8m euros

Farming and forestry equipment manufacturer Irum in Reghin expects to post a 34 million-RON (over 8 million-euro) turnover this year, down by around 8% in [... more]

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