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News 08 September 2008
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18:54, 7.09.2008 Govt:Democrat Liberalsa Motion On Romanian...
All newsBUCHAREST / 18:54, 7.09.2008 The Romanian executive Sunday said the democrat liberalsa€™ motion on thermal energy issue has lost its justification, as local authorities will get additional funds of 200 million lei (EUR1-RON3.6059) to compensate fuel... (0 views)
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18:33, 7.09.2008 U.K. Willbrook Management To Invest...
All newsVARNA / 18:33, 7.09.2008 U.K. property developer Willbrook Management International will invest some EUR900 million in a multifunctional complex in northern Bucharest, Willbrook Romania managing director Daiana Voicu said Saturday. The real estate... (0 views)
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16:00, 7.09.2008 Romanian Salaries Could Match Italyas In...
All newsROME / 16:00, 7.09.2008 The salaries in Romania might match the ones in Italy over the next three to four years, President Traian Basescu said Sunday in a message addressed to Romanians living in Italy. "In three to four years, the salaries... (0 views)
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15:04, 7.09.2008 Romanian Actor Ilarion Ciobanu Dies At 77
All newsBUCHAREST / 15:04, 7.09.2008 Romanian actor and film director Ilaroin Ciobanu has died after a long battle with pharyngeal cancer, people familiar with the matter said Sunday. Ciobanu, 77, made his debut as actor at the age of 30, in the movie... (0 views)
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14:25, 7.09.2008 Romanian President Attends Religious...
All newsROME / 14:25, 7.09.2008 Romanian President Traian Basescu, together with his wife Maria on Sunday attended a religious ceremony performed at the new building of Romanian Orthodox Bishopry in Italy, near Rome.The presidential couple were welcomed by... (0 views)
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Clients have to pass 2% interest rise and 15/25% RON...
All newsThe clients that take out new loans need to be able to cope with increases in interest rates by at least two percentage points and a depreciation of RON by at least 15% against the euro, and at least 25% against the Swiss franc, according to the... (0 views)
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InterContinental expects occupancy rate to shrink - Azi
All newsInterContinental five-star hotel in Bucharest expects its occupancy rate to shrink this year due to the global crisis and tightening domestic competition, with the lower number of guests to be somewhat offset by revenues from event organisation.... (0 views)
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Interbrands more optimistic about growth rate - Azi
All newsRand Sherif, CEO of Interbrands, the largest distribution company in the consumer goods industry, with turnover worth over one billion euros, says the Romanian market still has a "privileged" status compared with Central European... (0 views)
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Equity funds" fight to beat Stock Exchange declines - Azi
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Teva: Romania is a priority within the group - Azi
All newsTeva, leader of the global generics market, targets a 60% turnover growth rate this year, to 16m euros, and a 25% increase in 2009, as part of the aggressive strategy the Israeli group is preparing for Romania. "For Teva, Romania has become a... (0 views)
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Romtelecom wins fight for mobile communications licence -...
All newsRomtelecom, the largest fixed telephony operator on the local market, has won the competition for the mobile communications licence put up for sale by the Romanian state, sources from the telecom market told ZF. The winning of the licence by the... (0 views)
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Fight intensifies among top ranking insurers - Azi
All newsCompetition among the top two players on the insurance market became much tighter in the first six months of the year, amid a halving of the market share that separates the two companies. While in 2007 Allianz-Tiriac, the largest company on the... (0 views)
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Forex market rebound in August - Azi
All newsTransactions conducted on the Bucharest forex market climbed to 39.5bn euros in August, thus approaching the 42bn-euro all-time high recorded in January. In fact, August was the second consecutive month that saw a rise in traded volumes, after... (0 views)
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Former Continental Hotel in Cluj on sale for 15m euros - Azi
All newsBusinessman Dorel Tamas, owner of the Continental Hotel in the centre of Cluj-Napoca, via Ardeleana, based in Alba Iulia, could collect 15 million euros for the building, after it is turned into a shopping gallery. "So far, six companies are... (0 views)
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Voicu & Filipescu: Takeover of Stefanica, Dutu & Asociatii...
All newsLaw firm Voicu & Filipescu posted an over 3.9 million-euro turnover in the first eight months of this year, from a 3.8 million-euro turnover last year. The company is one of the top ten players on the market in terms of revenues derived in 2007.... (0 views)
