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BUCHAREST / 20:29, 4.08.2008 Romanian culture minister Adrian Iorgulescu said his ministry will not buy the former residence of the Romanian Union of Plastic artists, following discussions with the mayor to find ways to buy the building from its previous owner. A The building was returned to its rightful owner after... [related news and comments]
BUCHAREST / 18:01, 4.08.2008 Bucharesta€™s mayoralty plans to ban the access of the motorcyclists at night on the large boulevards of the capital city, according to a draft document the mayoralty intends to develop, stirring biker protests. A Bucharest deputy mayor Robert Ionescu said they are working on a draft... [related news and comments]
BUCHAREST / 17:04, 4.08.2008 Standard&Poor"s Ratings Services changed Monday its estimate of the incidence of gross problematic assets in the Romanian financial system under a reasonable (but not catastrophic) scenario of economic recession to 25%-40% from 35%-50%, the ratings agency said. S&P also raised its Banking... [related news and comments]
BUCHAREST / 16:33, 4.08.2008 A total number of 24 localities in northern Romanian county Bistrita-Nasaud are in third degree quarantine for rabies, a record in the past decade, and locals are not allowed to take animals that may carry the virus outside the quarantine perimeter. Doctor Ioan Bogolin, the head of the... [related news and comments]
BUCHAREST / 16:08, 4.08.2008 Romaniaa€™s leftist opposition Social Democratic Party might call for an extraordinary parliament session end August to debate measures hindering effects of recent floods, social democrat lawmaker Bogdan Niculescu Duvaz told a news conference Monday. Duvaz added Prime Minister Calin... [related news and comments]
BUCHAREST / 15:55, 4.08.2008 The Romanian Government must manage the efforts aimed at reconstructing the areas affected by the recent floods, president Traian Basescu said Monday during his visit in the county of Neamt, northeastern Romania. A The president ensured the inhabitants of Tamaseni, a locality situated in... [related news and comments]
BUCHAREST / 15:46, 4.08.2008 Romanian social democrat MP Bogdan Niculescu Duvaz said Monday, in a press conference, his party would propose, in the beginning of the next Parliament session, the amendment of the Law on political party financing. This would mean a reduction in party spending and smaller electoral... [related news and comments]
BUCHAREST / 13:02, 4.08.2008 Romaniaa€™s economic growth is seen at 8% or 9% in 2008, and the inflation rate at 6% or 7% at yearend, central bank governor Mugur Isarescu said Monday. "We have good chances to have an economic growth between 8% and 9% in 2008, and an inflation rate between 6% and 7%," Isarescu added.... [related news and comments]
Ozone shareholders have hired investment bank Rothschild to assist them in the sale of the pharmaceutical company, according to market information. Rothschild is in the process of drawing up the sale prospectus for Ozone. The investment bank has assisted BCR, BRD-SocGen, CEC and Banca Transilvania in the sale of... [related news and comments]
UniCredit Tiriac Bank, the local branch of the Italian financial giant UniCredit, posted net profit worth 177 million RON (48 million euros) in the first half of the year, up 17% against the first six months of 2007. "In the first half of this year, we set our priorities on various segments - we improved the strategic... [related news and comments]
The cement division of the French group Lafarge reported a 27.8% sales increase on the local market in the first half of the year against the same time last year, a slower growth rate than that of the aggregate and concrete division (39%). In terms of volume, cement sales went up 18.4%, according to the half-year... [related news and comments]
LCR Jeans, the company that holds the licence for 31 Lee Cooper stores locally, wants to open another 19 units by the end of next year, following an almost 3 million-euro investment. "By the end of 2008, we will open between two and four stores in shopping centres such as Cora Esplanada, Fashion House and Arena Grand... [related news and comments]
Bucharest-based Angst, one of the leading local producers of charcuterie, posted an operating margin of 2% of turnover in H1 of this year, almost 550,000 euros, which is half the result derived in the first half of 2007. "In the first six months of 2008, Angst posted turnover worth 99.2m RON, up 15.5% against the same... [related news and comments]
Employees of Carpatcement Holding, the local subsidiary of German cement manufacturer HeidelbergCement, will earn a gross income worth over 900 euros this year, over 20% more than last year. In 2007, the average gross salary in Carpatcement Holding stood at over 750 euros, 80% more than the average gross salary in the... [related news and comments]
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