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News 03 July 2008
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18:53, 2.07.2008 Romania Allocates RON160M To Help...
All newsBUCHAREST / 18:53, 2.07.2008 The Romanian government will allocate 160 million lei (EUR1-RON3.6404) to help people with low incomes pay their gas bills, in a move meant to counter the effects of the recent price hikes of natural gas, Premier Calin... (0 views)
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18:33, 2.07.2008 Fin Min Says EC OKs Tax Cut For Farming...
All newsBUCHAREST / 18:33, 2.07.2008 The tax for diesel oil used in farming will be reduced, Economy and Finance Minister Varujan Vosganian said on Wednesday, adding the government has already received the approval of the European Commission."We have... (0 views)
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18:32, 2.07.2008 UPC Romania, Three Subsidiaries To Merge...
All newsBUCHAREST / 18:32, 2.07.2008 Telecom operator UPC Romania and three of the companies it controls, namely Electron M. Bit Telecom, Sebmar and Cablevision of Romania (CVR), will merge on October 1 in a move to simplify managing proceedings and cut... (0 views)
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18:11, 2.07.2008 Romanian Unionists Up The Ante, Demand...
All newsBUCHAREST / 18:11, 2.07.2008 Romanian unionists continue protests and demand a minimum wage of RON600 (EUR1 = RON 3.6404) after the statements made by prime minister Calin Tariceanu, who said an increase in the minimum wage would represent an... (0 views)
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17:45, 2.07.2008 Romanian PM Says A Higher Minimum Wage Is...
All newsBUCHAREST / 17:45, 2.07.2008 The increase of the minimum wage is not adequate at this time and it would represent an irresponsible and counterproductive decision with inflationist effects, said Romanian prime minister Calin Tariceanu.The head of the... (0 views)
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16:15, 2.07.2008 Romanian Parliament Extends Court Of...
All newsBUCHAREST / 16:15, 2.07.2008 The vote rendered by the Romanian Parliament extending the mandate of the current Court of Accounts leadership was valid and the mandate was extended until September 30, according to a decision issued by the Standing... (0 views)
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16:02, 2.07.2008 Romanian Climbers To Reach For Khan...
All newsCLUJ-NAPOCA / 16:02, 2.07.2008 A team of 15 Romanian climbers is set to depart on July 19 for a one-month expedition to Tian Shan mountains on the Kyrgyzstana€"Kazakhstan border to conquest the 7,010 m peak of Khan Tengri."The expedition... (0 views)
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13:34, 2.07.2008 Romanian Govt Looks To Soften Utility...
All newsBUCHAREST / 13:34, 2.07.2008 Romaniaa€™s Finance Ministry and Labor Ministry will draw up a set of measures to help pensioners and people with low incomes pay their gas bills, Prime Minister Calin Tariceanu said Wednesday.Tariceanu added that... (0 views)
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Good practice code will drive food prices down - Azi
All newsProducers and retailers have signed a good practice code for trade in food products, which settles relations between the two parties and could contribute to a drop in the price of end products. "If protocol is kept, then different prices will... (0 views)
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Kraft Foods: priority is market share value, not volume -...
All newsPeter Muller, managing director of Kraft Foods Romania, a company with turnover worth around 146 million euros, will focus more on premium products, but will not drop low-end brands such as Africana and Nova Brasilia.The product mix was one of the... (0 views)
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Deutsche Bank: 100m euros in two GTC projects - Azi
All newsRREEF, a division of Deutsche Bank Asset Management, a real estate giant with assets worth almost 50bn euros, owns stakes worth 100m euros in the housing complexes FeliCity and Rose Garden, owned by real estate developer Globe Trade Center (GTC),... (0 views)
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Seaside hotels Rex, Europa and Iaki, 10m-euro turnover - Azi
All newsThe three hotels together (the four-star Europa and Iaki and the five-star Rex) can accommodate over 400 guests.Three of the best-known hotels on the Romanian seaside, Iaki (owned by former footballer Gheorghe Hagi), Rex (controlled by Adamescu... (0 views)
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Porsche Romania sales up over 7% on a stagnating market -...
All newsPorsche Romania, the representative of the VW-Audi and Porsche brands and the largest auto importer on the local market, sold almost 28,500 vehicles in the first six months of this year, up over 7% against the same time last year. According to... (0 views)
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Private medical services market: close to 1bn euros by 2012...
All newsThe market of private medical services could reach 890m euros by around 2011, more than double the 350m euros forecast for this year, a period during which cities other than Bucharest will come to generate around 70% of the value. The almost 7 times... (0 views)
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Egger to double chipboard production at Radauti plant - Azi
All newsEgger Romania, which manufactures wood-based materials, announced its intention to double its share of the melamine-faced chipboard market in Romania, from 20% to 40%, before its Radauti-based plant opened. The investment in the 80-ha plant started... (0 views)
