News 02 July 2008


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    21:24, 1.07.2008 Romanians Dinu Patriciu, Ion Tiriac In...

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    BUCHAREST / 21:24, 1.07.2008 Romanian business Dinu Patriciu ranks 10th in Forbesa€™ top 16 wealthiest businesspersons in Eastern Europe, with an estimated fortune of $2.5 billion, ahead of another Romanian, Ion Tiriac, who ranks 14th with $1.2... (0 views)

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    19:54, 1.07.2008 Romanian Pres Urges Govt, Parties To...

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    BUCHAREST / 19:54, 1.07.2008 Romanian President Traian Basescu on Tuesday urged the government and the parties not to respond with populist measures to the recent price increases of food products and energy, the presidency said in a... (0 views)

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    18:10, 1.07.2008 Romanian Political Parties, Pres Talk...

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    BUCHAREST / 18:10, 1.07.2008 The representatives of Romanian parliament parties who attended consultations with president Traian Basescu on the price hikes for foods and fuel, presented media with the conclusions of the reunion.A The president of... (0 views)

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    17:16, 1.07.2008 Intl Oil, Food Prices Rise To Add 0.6 Pp...

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    BUCHAREST / 17:16, 1.07.2008 The combined rise in prices for oil and food products is seen adding 0.6 percentage points to Romaniaa€™s 2008 current account deficit, which is seen at 13.6% of gross domestic product, the IMF said in a report... (0 views)

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    16:33, 1.07.2008 Romanian Consumersa Auth Considers Draft...

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    BUCHAREST / 16:33, 1.07.2008 The Romanian authority for consumersa€™ protection ANPC on Tuesday said it considers a draft law aimed to protect beneficiaries of financial and banking services, after several check-ups at banking institutions revealed... (0 views)

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    16:32, 1.07.2008 Romanian Car Mkr Dacia Launches The...

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    BUCHAREST / 16:32, 1.07.2008 Romanian car maker Dacia launched Tuesday a revamped variant of the Logan Sedan, at the same price as the previous version, namely EUR6,400 with VAT, while the older version was taken off the production line.Logan... (0 views)

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    15:47, 1.07.2008 Nabucco Pipeline Users Entitled To 25-Yrs...

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    BUCHAREST / 15:47, 1.07.2008 The gas beneficiary companies from Nabucco pipeline will be exempted from complying with the law on third party access to transport system or pricing methodology on a 25-year period, the National Energy Watchdog ANRE... (0 views)

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    15:22, 1.07.2008 Romanian Car Deterioration Review To Cost...

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    BUCHAREST / 15:22, 1.07.2008 The fee applied by the Romanian Automobile Registry (RAR), when establishing the deterioration of vehicles, reaches RON243 (EUR66.6) for cars with a maximum authorized mass lower than or equal to 3.5 tons and RON299... (0 views)

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    Dominic Bruynseels has until December to come up with BCR...

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    British businessman Dominic Bruynseels effectively took over the duties of chief executive at BCR yesterday, after having travelled extensively throughout the country with Manfred Wimmer in the two months since he was appointed CEO, with a view to... (0 views)

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    Holcim set to become largest cement producer - Azi

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    Holcim Romania, the local subsidiary of Swiss group Holcim, targets a production capacity of around 6.4 million tonnes of cement by yearend, up 30% on last year, after the company modernised its plant in Campulung, Arges county, under an investment... (0 views)

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    Unit-linked insurance: 30% of Grawe"s turnover in 2009 - Azi

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    Currently, eight companies are fighting it out on the market of unit-linked insurance, where the number of customers that hold such policies is estimated at half a million. Unit-linked insurance will account for 10% in the turnover of Grawe... (0 views)

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    Marin: Restructuring can fail if no attention is paid to...

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    Marius Marin, the current CEO with construction materials producer Macon Deva, who has helped to restructure several companies such as Tofan Group, Uton Onesti and Mefin Sinaia, says a company"s reorganisation can fail if the team fails to pay... (0 views)

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    Emerald will not cut prices despite falling sales - Azi

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    Located on the banks of Bucharest"s Tei Lake, Emerald complex is one of the first housing projects to deliver over 200 apartments onto the market. The representatives of Brooklyn Investment, the developer of Emerald Residences, say apartments... (0 views)

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    Petrom is worth more than OMV - Azi

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    Petrom"s main assets, i.e. crude oil reserves, two refineries - Petrobrazi and Arpechim, and petrol station network are currently worth over 35 billion dollars (21.8 billion euros), two and a half times more than a year ago, according to a... (0 views)

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    The Body Shop targets 2.7m-euro business - Azi

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    Cosmetics network The Body Shop targets a 12% sales increase on the local market, to 2.7 million euros, and has budgeted investments worth 400,000 euros to open two new stores and refit existing ones. Last year, The Body Shop Romania posted sales... (0 views)