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BUCHAREST / 17:49, 7.08.2008 Romaniaa€™s second-largest oil company Rompetrol Group NV, owned by Kazakhstan"s KazMunaiGaz, will cut Friday its pump prices by 0.06 lei (EUR1= RON3.4763) per liter, the company said in a statement. Rompetrol will cut its Premium Euro 4 gasoline price to RON4.06 per liter. One liter of... [related news and comments]
BUCHAREST / 17:48, 7.08.2008 Romaniaa€™s Economy and Finance Ministry has rejected on Thursday auction all bids for 400 million lei ($178.2 million) worth of five-year treasury bonds. In its most recent 5-year bonds auction July 3, the ministry sold RON45.6 million worth of bonds, at an average yield of 9.64% on the... [related news and comments]
BUCHAREST / 17:46, 7.08.2008 Romanian President Traian Basescu on Thursday invited the MPs to consultations on the European Commissiona€™s report in the justice field, scheduling the meeting on August 12. Conservative president Daniela Popa confirmed for Mediafax reporters that she has received the invitation,... [related news and comments]
BUCHAREST / 13:59, 7.08.2008 Romanian lifeguards in the Black Sea resorts Eforie Nord and Eforie Sud are threatening to go on strike unless they receive their salaries for the past two months. A The lifeguards are frustrated because there is no Local Council in Eforie to approve the wages payment already granted by... [related news and comments]
BUCHAREST / 13:48, 7.08.2008 Bucharesta€™s international airport Henri Coanda - Otopeni will organize an auction late September to secure bird control services using Border Collies, in a bid to increase flight safety. The airport plans to pay an estimated 1.9 million lei (EUR1=RON3.4719) for 60 months for such... [related news and comments]
BUCHAREST / 12:38, 7.08.2008 The head of the Romanian Professional Football League, Dumitru Dragomir, quit the far-right Greater Romania Party and will run for a seat in parliament with democrat liberals, Dragomir told MEDIAFAX Thursday. "I quit for fear the party wouldn’t make the electoral threshold," he... [related news and comments]
BUCHAREST / 10:01, 7.08.2008 Romanian industrial output grew 5.9% on the year in the first six months of the year, while in June alone, it was 4% higher compared with the corresponding month a year earlier, the National Statistics Institute said Thursday. The institute said the growth in the first six months of the... [related news and comments]
Construction materials distributor Dedeman, controlled by businessmen Adrian and Dragos Paval, will expand the company"s current network by around 3-4 stores each year and plans to reach 30 stores in the long run, from 11 at present. Considering an average investment of 10 million euros per store, the total amount... [related news and comments]
Servier, France"s biggest independent drug maker, has gained a position among the top five pharmaceutical companies in Romania after it banked on cardiovascular products, given the rise in this type of disease over the past five years. The company launched operations on the Romanian market in 1992 and now has over 250... [related news and comments]
July was a weaker month for voluntary pension funds compared to June, when the number of clients went up by 22,400- the highest monthly rise so far. Voluntary pension funds (3rd pillar) attracted almost 7,100 clients in July, after the overall number of people saving in such a fund reached 117,413, reveals data... [related news and comments]
OTP Leasing is preparing to launch funding in Swiss francs in September, a rather unexplored segment for leasing companies, although for banks, loans in this currency have already become a common feature. The majority of leasing firms grant funding in euros, whilst the only player that offers Swiss francs is Porsche... [related news and comments]
The rise in interest rates is the highest risk posed to the Romanian banking industry, given that the turmoil on the financial markets has completely altered the risk scenario, according to a PricewaterhouseCoopers (PwC) study. The analysis regards banking risks, with a focus on concerns over the current market... [related news and comments]
German group Hornbach could derive profit for the first time on the Romanian market from a real estate deal, as the retailer is planning to sell part of the 150,000 square-metre plot on DN1 (National Road1), which it acquired last year for 20 million euros. Less than half the plot will be used for a 24,000... [related news and comments]
Romanian Real Estate Network (RoREN) has launched SellWell, a business-to-business (B2B) electronic platform, which acts as an interface between developers and real estate agencies. "SellWell (www.roren.ro) is essentially an electronic real estate trading platform for real estate information and services, to which an... [related news and comments]
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