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Millennium Project report: Next decade will be defined by violence and lack of stability[related news and comments]
20:17, 6.08.2008 Romanian Pres Asks Senate President To "Watch Over The Presidency"BUCHAREST / 20:17, 6.08.2008 Romanian president Traian Basescu announced Wednesday that he asked Senate president Nicolae Vacaroiu to "watch over the presidential function" while he is in Beijing, where he will attend the opening of the Olympic Games. The head of state will be out of the country between Thursday and... [related news and comments]
19:19, 6.08.2008 Import Gas Price To Hike In Romania In 4Q a08 - E.ON GazTARGU MURES / 19:19, 6.08.2008 The import gas prices will hike in the last quarter of 2008, Frank Hajdinjak, president of the managing board of gas distributor E.ON Gaz Romania, the local unit of Germany"s giant E.ON, said Wednesday in the central Romanian city of Targu Mures. "Germany has already announced a 15-20%... [related news and comments]
18:47, 6.08.2008 Romanian Baneasa Airport To Buy RON9.8M Explosive Detection EquipBUCHAREST / 18:47, 6.08.2008 Romanian Aurel Vlaicu-Baneasa Airport aims to invest some 9.77 million lei (EUR1=RON3.4763) in explosive and metals detection equipment, the company said Wednesday. The airport will buy explosive detection equipment, X-ray devices, metal and explosive traces detection equipments, as well... [related news and comments]
17:13, 6.08.2008 Orange Romania To Launch iPhone 3G Aug 22BUCHAREST / 17:13, 6.08.2008 Francea€™s mobile telephony operator Orange on Wednesday said the new iPhone 3G handset will be available in Romania starting with August 22. Romanian customers will be able to buy the new iPhone in six Orange stores in the country which will be simultaneously opened at 00.00 hrs on... [related news and comments]
14:34, 6.08.2008 E.ON Donates EUR500,000 To Flood-Affected PeopleBUCHAREST / 14:34, 6.08.2008 Gas distributor E.ON Gaz Romania assigned EUR500,000 to the people affected by the floods in the counties of Suceava and Botosani, northeastern Romania, the head of the companya€™s board of directors, Frank Hajdinjak, told a news conference Wednesday. A The company donated the money for... [related news and comments]
14:33, 6.08.2008 Old Apartment Prices In Bucharest Dn Avg 13% In July Since JanuaryBUCHAREST / 14:33, 6.08.2008 Prices for old apartments in Romaniaa€™s capital city Bucharest decreased an average 13% since January, and the average price of an apartment reached some EUR117,000, according to real estate ad website MagazinulDeCase.ro. "Compared to January 2008, when old apartments in Bucharest sold... [related news and comments]
14:15, 6.08.2008 Romanian President Decorates Russian Writer Solzhenitsyn PosthumouslyBUCHAREST / 14:15, 6.08.2008 Romanian president Traian Basescu Wednesday decorated posthumously Russian writer and dissident Aleksandr Solzhenitsyn with the "Star of Romania" national order, in rank of Great Cross. Solzhenitsyn, Nobel Prize winner, was decorated for his courage and dignity and his contribution to... [related news and comments]
14:00, 6.08.2008 Labor Min OKs First Emergency Aids For Flood Victims In N. RomaniaBUCHAREST / 14:00, 6.08.2008 Romaniaa€™s Labor Ministry on Wednesday approved emergency aid for northern counties Maramures and Botosani, with the remaining counties affected by the recent flooding to receive the first payments as of Friday, Minister Paul Pacuraru said. "I wish to mention that the aid is not meant to... [related news and comments]
Petrom"s profit doubles in H1, but fails to reach expectations - AziPetrom, the largest Romanian company, reported net profit worth 687 million RON (188.2 million euros) in the second quarter of the year, up 36% against the same time last year, whilst turnover amounted to 4.5 billion RON (1.2 billion euros), up 70%. Petrom"s net earnings are below analysts" expectations and were... [related news and comments]
Atrium Centers: Cluj project delayed until mid-2010 - AziReal estate developer Atrium Centers will organise a new selection process to choose a construction company for its real estate project in Cluj, after initial bids were 30-50% higher than the price projected by Atrium. Atrium Centers, which is developing four shopping centres in Romania, together with Britain"s... [related news and comments]
Romanians spend 29bn euros in H1 - AziRomanians spent around 29 billion euros in the first half of the year on goods and services, i.e. on food, energy, cars, homes and mobile phones, according to Finance Ministry data on VAT collected by the state budget. Finance Ministry data shows that VAT earnings climbed almost 57% in the first half of this year... [related news and comments]
Proprietatea Fund posts record profit worth euro87m - AziProprietatea Fund ended the first half of the year with a record net profit of 319 million RON (87 million euros), above the 313 million-RON reported for the whole of last year, after six-month revenues accounted for 80% of those derived in 2007, according to the fund"s general manager, Daniela Lulache. The fund holds... [related news and comments]
Negritoiu, ING: Banks are weakening the Stock Exchange - AziBanks dominate the financial market, distort it, and have a major contribution to the state of the Stock Exchange by weakening it through the pressure they exert on costs of corporate funding, according to Misu Negritoiu, general manager of ING Bank Romania. "The capital market is stifled by banks" dominating... [related news and comments]
Former VikingProfil shareholders to invest in different sectors - AziMarius Ghenea, one of the founders of electronics retailer Flamingo, and Radu Mircescu, former shareholder (along with Ghenea) of metal tiles producer VikingProfil, will invest the 3-4 million euros they obtained from the sale of the company to Polish group Pruszynski, in tourism, energy, consulting and IT.... [related news and comments]
Agrisol shareholders seek further acquisitions - AziThe takeover of Ilfov county egg producer Toneli by the Laoun group, shareholder of Prahova county-based poultry producer Agrisol International, was recently approved by the Competition Council. "We acquired Toneli together with a partner, because it was a good investment and this is a complementary business for us.... [related news and comments]
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