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BUCHAREST / 20:44, 5.08.2008 Romanian businessman Vasile Turcu, the president of the Romanian Industry Owners Confederation, will launch, in September, the new Ziarul newspaper, with an economic format. In June, Turcu bought the publication from businessman Viorel Sima. The market segment targeted by Ziarul is 80%... [related news and comments]
BUCHAREST / 20:37, 5.08.2008 Representatives of police officers and those of the Romanian Ministry of Interior and Administrative Reform (MIRA) signed, within the talks held Tuesday, the agreement on the service relations between these two categories. They also set new dates to discuss the other issues raised. At the... [related news and comments]
BUCHAREST / 20:00, 5.08.2008 Italian police officers in Bologna arrested a group of seven Romanian nationals involved in credit card forgery, the Italian ANSA news agency informed on its website. A The culprits were caught in an apartment in the region of Pianoro where the police officers discovered the devices... [related news and comments]
BUCHAREST / 17:32, 5.08.2008 A Greek realtor will invest some EUR80 million in the construction of a real estet project north of Romaniaa€™s capital city Bucharest, the projecta€™s promoter Eurometropola said Tuesday. The real estate project will include office and shopping areas on 40,000 square meters. The... [related news and comments]
BUCHAREST / 16:33, 5.08.2008 Romanian highschool students taking this yeara€™s second highschool graduation exam in Bucharest will be supervised with video cameras, according to a decision of the Bucharest School Inspectorate board. Bucharest general school inspector Stelian Fedorca told MEDIAFAX Tuesday the... [related news and comments]
BUCHAREST / 16:23, 5.08.2008 Romaniaa€™s largest vertically integrated oil company Petrom (SNP.RO) will cut Wednesday its pump prices by 0.04 lei (EUR1=RON3.5023) per liter, the company said in a statement. Petrom cut last week its gasoline and diesel oil pump prices by RON0.08 per liter, and RON0.07 per liter,... [related news and comments]
BUCHAREST / 14:58, 5.08.2008 A bag containing hundreds of pills resembling ecstasy pills was found Tuesday on Romanian international airport Mihail Kogalniceanu. A The bag was discovered in a toilet of the airport, according to the transports police in Constanta county. Organized crime police officers and... [related news and comments]
BUCHAREST / 14:45, 5.08.2008 Romaniaa€™s National Integrity Agency (ANI), an institution in charge with checking the correctness of wealth statements submitted by dignitaries, fined public servants and police officers who failed to submit their statements of interest and wealth within the deadline, a press release of... [related news and comments]
Carpatcement Holding, the local division of the German group HeidelbergCement, posted a mere 1% increase in turnover in the first half of the year, against the same time in 2007, as a result of the company"s limited production capacity. The company currently has the lowest production on the local market - 3.5 million... [related news and comments]
Several branches of BCR, the largest bank on the market in terms of assets, have ceased to release collateral-free consumer loans to new customers in the wake of a "partially higher-than-expected" upsurge in overdue payments and fraud, said Bernhard Spalt, vice president of Erste Ban and chief risk officer. "In some... [related news and comments]
Happy Tour, the biggest domestic travel agency, which was taken over by Spain"s GED investment fund late last year, posted turnover worth 27.5m euros in the first half of the year, up 15% against the same period in 2007. In the first six months of 2008, the company registered net income worth 1.4m euros, over 15%... [related news and comments]
The number of shopping centres in Romania has now exceeded 30, with an overall lettable surface area of 1 million square metres, after nine new projects were launched this year, reveals a ZF analysis, based on market data. The ten biggest shopping centres alone, which include retail parks and malls, have a cumulated... [related news and comments]
Men"s clothing manufacturer Secuiana will invest up to 1.7 million euros in retail and aims to open around ten Adam"s stores by the end of the year. "Investment in setting up a store, which entails both investing in furniture and lighting, will amount to 15-20,000 euros, while merchandise will amount to up to 150,000... [related news and comments]
Belgian-based Delta Extinctors, a manufacturer of fire extinguishers for cars, intends to invest 2 million euros in building a plant in privately held industrial park Arc Parc in Dej, Cluj county. Representatives of the company that manages the park have announced that the Belgian investors will manufacture fire... [related news and comments]
Touch Diamond, the latest mobile phone available from the portfolio of High Tech Computer (HTC), is the best-selling model of the Taiwanese producer in Romania largely due to its modern look, say company officials. "Diamond is our best-selling and most popular phone on the Romanian market. Sales have seen a... [related news and comments]
Belgian developer Immo Industry Group (IIG) will become involved in industrial projects in Romania when it builds two industrial parks near Bucharest and in Satu-Mare, which will be built in stages depending on demand, with the investment expected to total around 100 million euros. "We acquired two plots that cover... [related news and comments]
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