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Archive for January, 2010
News from Romania. Archive for January, 2010
Marinidis, head of P&G Balkans: We expect consumer spending to stabilise in 2010
Sotirios Marinidis, one of the most powerful executives in the consumer goods sector, provides the first optimistic forecasts for this market in [... more]
Tender wants to build Comarnic-Brasov bridges
Vulcan Bucuresti, controlled by businessman Ovidiu Tender, wants to become one of the leading bridge suppliers for the Comarnic-Brasov motorway over the next [... more]
Zapp cuts jobs, Alcatel looks to hire 250
Telemobil (Zapp), the mobile telephony operator acquired last year by Cosmote group, intends to cut its personnel by almost half through a programme of [... more]
Cavaliere stores insolvent under the burden of debt
Romanian Distribution Group, with turnover worth around 8.5m euros and 20 stores under Cavaliere men's apparel brand, entered insolvency proceedings late [... more]
“We’ve been looking for tenants for an office building for a year”
Primavera Development company, which has built, rented and sold one of the biggest office parks in the capital city, S-Park of northern Bucharest, has been [... more]
Romania’s main bourse ends session mixed, on a market jazzed up by state security transactions
Indexes on the Bucharest Stock Exchange [... more]
CONI: Mutu tested positive twice in 2010
The Italian Olympic Commitee (CONI) declared on Friday, January 29, that Romanian football player Adrian Mutu, current Fiorentina and ex-Chelsea, has been [... more]
Government approves two important energy companies
Almost one year after debates, the Romanian Government decided to approve the re-structuring of the energetic sector by setting up two giant companies. One of [... more]
Gunter Verheugen: Romania and Bulgaria are not the most corrupt EU states
Ex-European Commission vice-president Gunter Verheugen declared that in spite of their negative image, Romania and Bulgaria are not the most corrupt EU states, [... more]
Romanian National Anti-corruption Authority has ex-PM house under sequester
Romanian National Anti-corruption Authority (DNA), also called General Prosecutor's Office attached to the High Court of Cassation and Justice, has decided [... more]
Mutu's first declarations: I haven't done anything illegal
Tested positive for sibutramina, Romanian football player Adrian Mutu, present Fiorentina and ex-Chelsea, Mutu risks to be suspended for a maximum of four [... more]
New car sales in Romania drive down 52% y/y in 2009, to 130,193 units
The number of new cars sold in Romania [... more]
UDMR senator: Granting massive citizenship to Moldavians help Russian extremism
UDMR senator Gyorgy Frunda criticised the Romanian Government policy in granting citizenship to Moldavians to a large scale. The MP said in an interview for RFI [... more]
Romania’s Finance Ministry plans to draw lei 3bn through six auctions in February
The Public Finance Ministry (MFP) aims [... more]
Mutu, the end of an illusion
A great talent in football, wasted with inconsistency outside the play field by a lifestyle that scandals, dubious relationships and criminal VIPs. On Thursday [... more]
What the newspapers say: January 29, 2010
Romania can only borrow three billion euros in 2010. Elsewhwere in the news, Romanian IMF representative claims that ex-IMF chief Kenneth Rogoff rushed to judge [... more]
Romania’s Finance Ministry plans to draw lei 3bn through six auctions in February
The Public Finance Ministry (MFP) aims [... more]
Romanian short movie Music in the blood to enter the Clermont - Ferrand Festival
The short Romanian movie, Music in the blood, directed by Alexandru Mavrodineanu will be submitted Friday in the Clermont Ferrand Festival. [... more]
The government freezes gas prices despite EC requirements to liberalize the market / Gas consumed by Romanians is among the cheapest in Europe
Romanian authorities are compelled, according to EU standards, to liberalize internal gas prices starting this year. Currently, gas prices for Romanian [... more]
Gazzetta dello Sport: Adrian Mutu's anti doping control was positive
Famous Romanian football player Adrian Mutu's anti doping control turned out positive with sibutramina - an energizing substance. The test was conducted [... more]
Economy won’t reach peak growth potential for another three years
The economy will see moderate growth this year, no more than 1.5%, driven by industry and exports and will only reach its peak growth potential, 5 or 6% as [... more]
New guarantees of up to 1.25bn euros for “First home”
Blue Air hires 200 and targets 200m euros in turnover
Low-cost air carrier Blue Air, controlled by businessman Nelu Iordache, expects a 44% turnover increase this year, to over 200 million euros, and says it [... more]
SIFs may not get dividends from BCR for 2009
BCR is one of the most valuable stakes of the SIFs, which got 60m-euro dividends in 2008 from it
... more]
Technical unemployment hits cigarette market
Cigarette producers are experiencing falling sales this year as a result of cigarette smuggling, but are still banking on exports. Can exports save domestic [... more]
GE Energy: Solar energy, the new area of interest
After the booming interest in the development of wind farms, a new trend may be emerging domestically in the field of renewable energy [... more]
Synevo makes 19m euros from lab services
Synevo Romania, the medical lab division of Medicover group, expects a 19 million-euro turnover this year, up by 12% (in euros) against [... more]
Volksbank joins banks with millions of euros to recover from developers
Austrian bank Volksbank is one of the main creditors of Cefin Real Estate Alpha, part of Italian group Cefin, whose shareholders filed for insolvency after [... more]
Loans in RON fall 9%, foreign currency loans see slight recovery
Nongovernmental lending in RON fell in 2009, after seeing two-digit annual increases for almost a decade, because of the lack of demand and of banks being [... more]
Bercea seeks big investors for Imotrust Arad
Alexandru Bercea, one of the richest and most discreet businesspeople in Western Romania, who controls Codlea group, which operates in real estate [... more]
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