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News Archive for February 1st, 2010

News from Romania. News Archive for February 1st, 2010



Neue Zuricher Zeitung: Romania, a pain for Europe

Saturday, in an article in the Neue Zuricher Zeitung, a Swiss journalist wonders whether in 2007 Romania was ready to join the EU. But how about Brussels? Was [... more]

Hergan to build third store for Auchan

The Avrig 35 group, managed by businessman Alexander Hergan, one of the most powerful and also discreet businessmen in the real estate sector, has reached a [... more]

Schmidt wants to import Rolls-Royce

Automobile Bavaria, the main BMW dealer, controlled by businessman Michael Schmidt, with over 100 million euros in turnover in 2009, according to ZF [... more]

Bankers kiss loans worth over 5bn euros goodbye

Companies' plummeting sales, the overall financial crunch inclusively generated by the shortage of loans and the population's diving incomes were [... more]

NBR erases Credex from registry of consumer finance companies

Credex, the firm controlled by Dan Ostahie together with Raiffeisen Bank, no longer has the right to grant consumer loans on its own behalf, after the [... more]

Szarvadi, Domo: I expect a stagnating market. Things cannot get any worse

Lorand Szarvadi, founder and manager of home appliances retailer Domo, expects the electronics and home appliances market to reach around 850 million euros [... more]

Romanians bought 230 cars worth over 100,000 euros each in the last three years

Romanians registered over 230 new super sport cars over the last three years, with over 400 HP and prices of at least 100,000 euros, according to ZF data [... more]

Kazakh petroleum revives Petrom’s “black gold” production

Petrom, Romania's largest company, the only petroleum and gas producer in Romania, saw a rebound of its hydrocarbon production in the last three months [... more]

Zara in talks to enter Brasov’s Unirea Shopping Center

The Adamescu family, owner of Unirea Shopping Center in Brasov, is negotiating a contract with Spanish clothing retailer Inditex to bring Zara store to [... more]

Rehau closes pipe plant in Cisnadie

Rehau Polymer, the Romanian subsidiary of German group Rehau, will close its plastic pipes plant in Sibiu in May, after investing around 10 million euros [... more]

CNVM is short on cash

The National Securities Commission, (CNVM), the supervision and regulating authority of the capital market in Romania, is seeking around 5.2 million RON [... more]

2010 legislative session finds political parties with various priorities

Parliamentary parties sketched their priorities for the new Parliamentary session to start today, February 1. Democrat Liberals plan to modify the constitution, [... more]

Ford produced 300 cars last year at Craiova / Export destinations count Great Britain and Germany

Ford produced last year, in Craiova, Romania about 300 Transit Connect cars and in the four months of production few cars reached the Romanian market. Most cars [... more]

Foreign investors: transports infrastructure needs to be a priority for the government

Romania's transports infrastructure should be a priority for the government, members of the Foreign Investors Council consider, who declared that European [... more]

Social Democrat Adrian Nastase: I am determined to stand for President of the party

Social Democrat leader Adrian Nastase declared on Saturday, for a Romanian news television, Antena 3 that he is determined to stand for the party's [... more]

Vladimir Voronin: Romania was allowed to join the EU because it accepted two American military bases

Romania was not ready to join the EU but nevertheless it was accepted just because it agreed to host two American military bases on its territory, Vladimir [... more]

Liberal National Party congress on March 5-7 / Crin Antonescu stands for the highest function

The Liberal National Party will organize an extraordinary congress on 5 to 7 March, party leader Crin Antonescu declared on Saturday. The Liberal politician [... more]

Two new H1N1 cases in the last 24 hours

Romania's Health ministry announced that 2 new confirmed AH1N1 cases were found but no deaths. One of the cases was registered in Mures county, and the [... more]

What the newspapers say: February 1, 2010

A Romanian citizen received the biggest inheritance in Romania: 63,000 acres of forest, one newspaper reads on Monday. Elsewhere in the news, Romania became the [... more]