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BUCHAREST / 18:46, 2.09.2008 Romaniaa€™s Government plans to cut the VAT on drugs and energy, but to keep the same tax for the food products, Minister of Economy and Finance Varujan Vosganian said Tuesday. According to him, reducing the Value Added Tax for food would not lead to a price fall. The price of bread... [related news and comments]
BUCHAREST / 18:36, 2.09.2008 Romanian transport minister Ludovic Orban told MEDIAFAX that president Traian Basescu is misinformed regarding the construction of motorways and he should "check his own backyard," because his "crewmen" are incompetent. A "Mister Basescu should check his backyard because his crewmen are... [related news and comments]
BUCHAREST / 15:02, 2.09.2008 Romanian Senate chairman Nicolae Vacaroiu said after the Senatea€™s Standing Office meeting that the new roster of the Office will be voted in Senate Tuesday afternoon, through secret electronic vote. A Vacaroiu said the agreement between the democrat liberals and the far-right Greater... [related news and comments]
CRAIOVA / 14:21, 2.09.2008 Romanian authorities are working to contain and neutralize several oil patches spanning over one kilometer on Danube River, in the southwestern county of Mehedinti. According to local officials, the oil spill most likely comes from bilge waters. Representatives of the Water Administration... [related news and comments]
BUCHAREST / 12:47, 2.09.2008 One Romanian died and others were injured in a car accident on the French highway A6, near Macon locality, according to Creusot Infos. A The driver lost control of the vehicle while heading for Lyon on A6 highway. The accident took place south of Macon, in the commune Creches-sur-Saone.... [related news and comments]
BUCHAREST / 12:33, 2.09.2008 Romania supports Georgiaa€™s integrity and sovereignty and will take part in Europea€™s efforts in the post-conflict reconstruction of Georgia, after having sent emergency humanitarian aid, Romanian Prime Minister Calin Tariceanu told diplomats in a meeting Tuesday. A "Georgia needs... [related news and comments]
BUCHAREST / 12:28, 2.09.2008 Romania could become the seventh or eighth largest economic power in Europe by 2014 if current trends continue, Romanian Prime Minster Calin Tariceanu told diplomats in a meeting Tuesday. He added Romania needs to replace its post-communism image as a modest country with ambition and... [related news and comments]
BUCHAREST / 11:39, 2.09.2008 French carmaker Renault estimates to sell in Romania a monthly 50 to 70 Koleos model cars , Renaulta€™s first sport utility vehicle (SUV) launched Monday on the Romanian market for a starting price of EUR21,100, VAT included. "As this is our first SUV, our target is not very high and we... [related news and comments]
International hotel chain Marriott, which operates the five-star JW Marriott Bucharest Grand Hotel in Romania, aims to have five hotels branded as Marriott, Renaissance and Courtyard. "In five years I believe we will have five hotels on the domestic market. The market has grown very much over the last two years; it... [related news and comments]
Cezar Zaharia, the general manager of drug distributor Relad, which ranks second on the domestic market, has given up his position as head of a company that generates annual turnover worth above 200 million euros. Zaharia took over the position last August, several months after the chairman at that time, Robert... [related news and comments]
Austrian Peter M?ller, who has been at the helm of Kraft Foods, the biggest company on the chocolate market, for around three years, has returned to the company"s Vienna subsidiary, as manager of the development department. Kraft Foods Romania has yet to announce the name of the new managing director, who will also be... [related news and comments]
AAA Auto, a company that sells second-hand cars on European markets such as the Czech Republic, Poland, Hungary and Romania, posted 1.25 million-euro losses at its Romanian and Dutch divisions, while sales amounted to 6.31 million euros. "The performance of the division will be closely monitored, and the Board of... [related news and comments]
Carrefour Romania, the largest player on the hypermarket segment, in terms of turnover, doubled its operating income in the first half of the year compared with the same time in 2007, to 14.8 million euros, i.e. 3.4% of the VAT-free turnover according to the financial report of Hyparlo, a division of the Carrefour... [related news and comments]
Rigips Romania, one of the local divisions of French group Saint-Gobain, intends to build a new plasterboard plant in Turceni, with a capacity of over 30 million square metres, in which it will invest around 70 million euros, according to company information. Rigips" investments on the local market could thus exceed... [related news and comments]
Sales of Elmec Romania, a division of Greek clothing and footwear distributor Elmec Sport went up 34% in the first six months of the year, compared with the same time last year, and reached 23.4 million euros. EBITDA amounted to 4.1 million euros during the same period. Romania was the company"s second largest market... [related news and comments]
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