Util
Massmedia
News
Yesterday, during a press conference, the conservators have shown the images in which Ovidiu Adamescu, former personnel inspector at the Civil Marine Institute in Constanta, says the suspended President, Traian Basescu, was a member of the political police ever since high school. Now aged 82, Ovidiu Adamescu was a... [related news and comments]
The officials in the embassies in Bucharest are understandably following with a lot of interest the electoral campaign ahead of the referendum deciding on the impeachment of President Traian Basescu. What Romanian politics has to offer lately must be new to them and quite baffling: in year 2007, in a European Union... [related news and comments]
Surprising departures and the migration of executives from companies have typified the pharmaceutical market over the past few weeks. The phenomenon has not happened before and the names of those leaving the management of pharmaceutical companies has come up almost daily, whilst departures have hit all sectors - both... [related news and comments]
The banking system succeeded in improving cost management over the last year, so the share of costs in overall revenues fell by over 6 percentage points, from 62.73% in the first half of 2007, to 56.55% in the first half of 2008. At the end of last year, the cost/revenue ratio reached an all-time high of 76.2%, over... [related news and comments]
The Romanian bankcard market still has a significant growth potential, even in comparison with other markets in the region, according to Michael Lafferty, Chairman of Lafferty Group - a renowned independent international organisation involved in retail banking research. "Many of the large markets in Eastern Europe, in... [related news and comments]
Domestic courier company Cargus, which was acquired this year by international player DHL, posted turnover worth 13.8 million euros (49.7 million RON) in the first half of the year, up 23% against the same time last year. Although deliveries to Bucharest continue to account for the bulk of services, the Western part... [related news and comments]
[related news and comments]
[related news and comments]
[related news and comments]
[related news and comments]
[related news and comments]
[related news and comments]
[related news and comments]
Romania should have a very clear calendar for the adoption of the euro, like those that multinationals implement for large projects, with precise data and steps to be made for each stage; a calendar that should be assumed by all political parties, states Dan Pascariu, UniCredit Tiriac Bank"s chairman of the board of... [related news and comments]
Eximtur, one of the leading tour operators on the local market, posted 33 million-euro turnover in the first 8 months of the year, whilst this year"s forecast points to 45 million-euro turnover, up 29% against 2007 and above the initially budgeted turnover of 41 million euros. "Considering the revenues derived in the... [related news and comments]
Radu Caprau, OMV Romania"s new retail manager, intends to develop petrol station services and plans to expand the network across the big cities and along motorways, with this year"s budget amounting to 10 million euros for five new petrol stations. Caprau, 33, replaced Vlad Seitan in May, while the latter took over as... [related news and comments]
Economic analysts have changed their mind and now estimate the NBR (National Bank of Romania) could preserve or even reduce the monetary policy rate by the end of this year, amid favourable inflation progression in August and the prospect of entering a disinflation trend after the yearly 9.04% peak reached in July.... [related news and comments]
The Park Hotels group, controlled by businessman Gabriel Popoviciu, will open its second hotel under the Ramada umbrella by early next year, after completion of the rebranding process of the Parc hotel (Best Western Parc Hotel), which entails an 11.5 million-euro investment. "We have had several stages of investments... [related news and comments]
In the ranking of the top 500 largest companies in terms of turnover in Central and Eastern Europe, conducted by Deloitte, Romania is represented by 24 foreign companies and six state-owned companies, with the best-represented sector being the energy sector. Thirty Romanian companies are present in the ranking of the... [related news and comments]
Salary increases for management positions, the stagnation of real estate prices and the economic recession on international markets have propelled Romania to eighth position worldwide in terms of the managers" purchasing power, according to a survey conducted by management consulting company Hay Group. Romania has... [related news and comments]
Mercedes-Benz Romania, representative on the local market of the brands of the Daimler and Chrysler groups, posted a 38% sales increase in the first eight months of the year compared with the same time last year, a total volume of 6,633 cars. According to previous statements from Michael Grewe, the company"s CEO, the... [related news and comments]
Romania attracted private equity investments worth 476 million euros in 2007, four times more than in the previous year, ranking second in Central and Eastern Europe in terms of the number of deals sealed, according to a survey conducted by the European Private Equity and Venture Capital Association - EVCA. Private... [related news and comments]
Negotiations between the state and Voestalpine on the signing of a memorandum of understanding (MoU), which could pave the way for an around 5 billion-euro investment in a steel plant, are being delayed due to the demands of landowners whose plots are being targeted by the steel giant. Under the circumstances, the... [related news and comments]
The insurance market recorded a total net profit of 32.9 million euros in the first half of the year, while losses amounted to 37.2 million euros. Four insurance companies - Allianz-Tiriac, Omniasig, ING Viata and AIG Life, accounted for almost 60% of the insurance market"s profit in the first half of the year, a... [related news and comments]
From the outside, the small Heidi chocolate plant in Pantelimon, close to Bucharest, does not appear to have more than a few dozen employees. However, around 150 people work here in three shifts each day, and six days out of seven each week. Laderach group, a family business started in Switzerland, a country famed... [related news and comments]
The business model that brought IKEA annual sales of over 20bn euros, which targets the lowest possible costs, was the reason why the Romanian plant, held by its production unit, Swedwood, was forced to close down. The retailer is pursuing a maximum cut down in costs across all production and sales stages, and the... [related news and comments]
[related news and comments]
BUCHAREST / 16:51, 10.03.2009 Car makers Dacia, Renault-Nissan, Hyundai, Opel and Chevrolet received the largest shares in the first stage of the program aimed at stimulating the renewal of the Romanian car park, namely 1,731 units each, according to the Romania Environment Fund Administration (AFM). In addition,... [related news and comments]
BUCHAREST / 16:12, 10.03.2009 The amiable solution of traffic accidents resulting in light material damages alone will be applied starting with July 1, after the conclusion of a protocol between car insurance companies at the end of March, said the president of the Romanian insurance system regulator, Angela... [related news and comments]
BUCHAREST / 16:09, 10.03.2009 The scrap bonus the Romanian government grants to people who scrap their old cars and buy new ones under the countrya€™s car park renewal program could be further increased this summer if few cars are sold during the first stage of the program, environment minister Nicolae Nemirschi said... [related news and comments]
BUCHAREST / 15:18, 10.03.2009 The Romanian Government intends to borrow EUR19 billion from the European Commission and the International Monetary Fund, following an evaluation made by the Finance Ministry and the central bank, government sources told MEDIAFAX. The financial package includes a EUR12 billion loan from... [related news and comments]
BUCHAREST / 15:00, 10.03.2009 Twenty percent of the employees of the Romanian textile industry, some 60,000 people, could be fired this year, due to a lack of demand, Maria Grapini, the president of the textiles employers" association, said Tuesday in a press conference. "The first months of this year are not at all... [related news and comments]
Whereas last year Renault won the "race" of imported automotive brands, with 6,000 cars more than its second place competitor, this year"s ranking will most likely be decided in December, as the volumes of the top four imported brands are very close. Ford could reach more than 28,000 units, if the sales of importer... [related news and comments]
BUCHAREST / 18:56, 10.03.2009 Rating agency Moodya€™s grouped emergent states into four risk categories and placed Romania, Bulgaria and Croatia in the second category, that of countries whose credit fundamentals are resilient but which could be subject to some rating volatility should assumptions of support prove... [related news and comments]
[related news and comments]
BUCHAREST / 15:00, 10.03.2009 Romania"s Chamber of Deputies approved Tuesday the Emergency Ordinance granting an EUR143 state aid to Ford Motor Company, which bought last year a car factory in the country"s southern city of Craiova. The Emergency Ordinance 109/2008 was previously adopted by the Senate and the Chamber... [related news and comments]
BUCHAREST / 14:34, 10.03.2009 Romanian companies can pay a lower tax on buildings this year, if they reevaluate their properties, since the market value of said properties decreased, reaching the lowest level in the past two years, according to representatives of real estate company MediaCity. Companies pay a tax... [related news and comments]
BUCHAREST / 14:02, 10.03.2009 The law regarding mandatory home insurance will come into force on July 1, as it was first established, Angela Toncescu, the president of the Romanian Insurance Supervision Commission, said Tuesday. Last week, the insurance regulator issued a press release saying it would require a... [related news and comments]
BUCHAREST / 14:02, 10.03.2009 Romanian populationa€™s gains from real estate transactions for commercial purpose may be subject to a 16% tax in the new Fiscal Code, according to Paul Coman, adviser with the National Fiscal Administration Agency ANAF. "This measure is subject to the analysis of the Ministry of... [related news and comments]
BUCHAREST / 13:55, 10.03.2009 Romaniaa€™s Supreme Defense Council will meet in session Thursday at the presidential palace to discuss Romaniaa€™s objectives at the NATO summit in Strasbourg/Kehl, the restructuring of the countrya€™s border police and the implementation of the Border Security Integrated System, the... [related news and comments]
BUCHAREST / 13:48, 10.03.2009 The Romanian Government sent the European Commission, or EC, a letter asking for the official start of negotiations for a financial agreement, government sources told MEDIAFAX Tuesday. The value of the financial package will be established based on the talks with EC officials and the... [related news and comments]
Bucharest / 13:24, 10.03.2009 Seven pistols and almost three hundred bullets were discovered while tearing down a building in Galsa, in the western Romanian county of Arad. The arms were hidden inside the wall. Arad Police spokesman Camelia Tuduce stated that the workers tearing down the building found seven... [related news and comments]
BUCHAREST / 12:46, 10.03.2009 Legendary guitarist Carlos Santana will have a concert in the Romanian capital city of Bucharest on July 4, during this yeara€™s edition of B"estfest festival. Four over four decades, Carlos Santana successfully avoided getting stuck in a single musical genre, crossed cultural and... [related news and comments]
BUCHAREST / 12:17, 10.03.2009 The law which will replace the Romanian car pollution tax will go through Parliament this year and will provide for the annual taxation of motorcycles, according to the quantity of emissions, Romanian environment minister Nicolae Nemirschi said Tuesday. Nemirschi said he will model the... [related news and comments]
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ads
Forum
Articles