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21:16, 9.09.2008 Laitenberger: EC Representatives Speak On Behalf Of Commission
BUCHAREST / 21:16, 9.09.2008 The representatives of the European Commission address all public statements on behalf of the Communitya€™s executive, therefore any discontent with the position expressed by the EC should be addressed to the Commission directly, EC spokesman Johannes Laitenberger told MEDIAFAX Tuesday.... [related news and comments]

19:36, 9.09.2008 Romanian Ex Lawmaker Musca Probed For False Testimony
BUCHAREST / 19:36, 9.09.2008 Romanian prosecutors investigate ex-lawmaker Mona Musca for false testimony regarding her activity as collaborator of the former communist secret police Securitate, following a verdict in the matter given by the national council in charge with overseeing Securitate archives, or CNSAS.... [related news and comments]

19:27, 9.09.2008 Romania, Hungary Seek EU Financing For High-Speed Rail Line
BUCHAREST / 19:27, 9.09.2008 Romania and Hungary plan to apply for EU financing to conduct a pre-feasibility study on a high-speed rail route that will link Hungarya€™s capital Budapest to Romanian southeastern city of Constanta. The two countries will ask Austria’s support in the project, as Community funds... [related news and comments]

18:33, 9.09.2008 Romaniaas Fin Ministry To Give Ford EUR143M State Aid For Craiova Plant
BUCHAREST / 18:33, 9.09.2008 Romaniaa€™s Economy and Finance Ministry will give Ford Motor Co. (F) a state aid worth EUR143 million between 2008-2012, of which EUR17.5 million this year, if the group will carry its programmed investments worth EUR145 million at Daewoo Automobile Craiova this year. The EUR143 million... [related news and comments]

18:31, 9.09.2008 Romanian Farmers Lose Milk Quota Over Failure To Submit Reports
BUCHAREST / 18:31, 9.09.2008 Nearly 15% of the Romanian farmers who benefited from milk quotas in 2007 had their quotas removed for failing to submit a yearly report regarding the milk sold, the agency of payments and interventions in agriculture APIA said Tuesday. It said 92,867 producers who benefited from milk... [related news and comments]

17:53, 9.09.2008 Romanian MEP Asks EC To Sack Gray Over aUnprofessionala Statements
BUCHAREST / 17:53, 9.09.2008 Romaniaa€™s European lawmaker, Adrian Severin, member of the Social Democratic Party, on Tuesday demanded the resignation of EC spokesperson Mark Gray, should he be found fully responsible for his statements on the Romanian procedure to appoint chief prosecutors. In the beginning of the... [related news and comments]

16:02, 9.09.2008 Romanian President To Go On Official Visit To South Korea
BUCHAREST / 16:02, 9.09.2008 Romanian President Traian Basescu will be on official visit to South Korea Wednesday through Friday at the invitation of Korean President Lee Myung-bak, and will sign a strategic partnership with the country, the presidenta€™s office said in a press release Tuesday. The visit will... [related news and comments]

15:00, 9.09.2008 Romania Fin Min Sees a08 Econ Growth At 8%
BUCHAREST / 15:00, 9.09.2008 Romaniaa€™s economy and finance minister Varujan Vosganian said Tuesday that the countrya€™s economic growth will likely be 8% at the end of the year. Romania"s economy grew 8.8% in the first half of the year, boosted by a robust 9.3% increase in gross domestic product in the second... [related news and comments]

President Basescu: Romania supports Moldova and Ukraine for EU
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Economic growth could reach a record 10% in third quarter - Azi
The third quarter could see record economic growth for Romania - 10% or even higher, based on a peak contribution from the agricultural sector, which means GDP growth could come close to 9% at the end of the year, according to analysts estimates. Romania has never seen such quarterly double-digit economic growth. ING... [related news and comments]

Pepsi: 2008 brought moderate growth for certain categories - Azi
Pepsi Americas Romania, the second biggest player in the domestic soft drinks industry, is likely to tap into new market segments with products from PepsiCo"s international portfolio. "The partnership with PepsiCo, a company with a huge product portfolio and a capacity to innovate is giving us virtually unlimited... [related news and comments]

Who is Calin Tatomir, the new CEO of Microsoft Romania? - Azi
Calin Tatomir, 46, one of the best-known managers in the domestic IT&C industry, is going to take over the position of chief executive officer of Microsoft"s domestic office starting from October 15, and will replace Silviu Hotaran. Tatomir, who graduated from the Electronics and Telecommunications Faculty of... [related news and comments]

Novartis: Pharmaceutical market is highly aggressive - Azi
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Poorer counties struggle to pay back loans - Azi
Banks are facing the biggest problems with the loans granted in the county of Ialomita, where 3.3% of lent sums have not been repaid. The level is over 3 times higher than the national average, which stood at 0.98% in July, according to NBR data. The poorer counties in Romania hold the top positions in the ranking of... [related news and comments]

High demand forces HeidelbergCement to build new plant - Azi
German group HeidelbergCement will build a new cement plant next year using investments in the region of around 300-330 million euros, while the current facilities in Bicaz, Fieni and Deva are working at full capacity. The local subsidiary of HeidelbergCement, Carpatcement Holding, forecasts an annual rise of 15-20%... [related news and comments]

Unita up 46% on comprehensive insurance in first half - Azi
Unita, a company currently involved in a takeover at the hands of Austrian Uniqa group, posted a 46% increase in its comprehensive auto insurance in the first six months, to 132.5 million RON (36.1 million euros). This is the most important line of business for the company and accounts for 49% of its portfolio. The... [related news and comments]

Centrofarm slips into the red, despite 72% growth in business - Azi
The revenues of Centrofarm Bucharest drugstore network increased 2.3 times in the first six months to 76.58 million RON (21.2 million euros), mainly as a result of the sale by the majority shareholder Generalcom Bucharest of 22.3 million euros" worth of assets, the half-year report the company filed with the Stock... [related news and comments]

Cersanit buys two plots from Barlinek for 15 million euros - Azi
Cersanit Romania, formerly Romceram, will buy from the Romanian subsidiary of Polish wooden flooring and parquetry company Barlinek two plots of land that cover 33.5 hectares, located in Margineni, Bacau County, for approximately 15 million euros. The first plot is 11.56 hectares and the second 23.74 hectares,... [related news and comments]

IKEA closes Siret plant and lays off 400 - Azi
Swedish furniture producer Swedwood, held by the most powerful furniture and interior decorations retailer in the world, IKEA, closed its only furniture factory on the Romanian market at the end of last month. "We"ve been having very serious problems for a while now due to the raw material costs. They went up 70% over... [related news and comments]

State spending for investments: 3.2bn euros - Azi
The investment spending of the public administration reached 11.4 billion RON (3.2 billion euros) at the end of the January-July period, more than double the amounts invested in the same period of last year. A significant increase was registered by the personal spending that went up 34% to almost 20 billion RON (5.5... [related news and comments]

Porsche sales go down in August - Azi
Porsche Romania, the leading importer on the domestic market, has slowed down its growth rate to 5% in the first eight months, with figures coming close to the estimates made by Brent Valmar, general manager of the company early this year. Porsche Romania, which had a business volume of more than one billion euros... [related news and comments]

Arcelor Mittal Construction: Sales slowdown since April - Azi
Arcelor Mittal Construction Romania (AMC Romania), the construction supplies manufacturing division of Arcelor Mittal Group has been witnessing the slowdown of its turnover growth rate since the second quarter, due to the financial blockage felt at a macroeconomic level. The company posted 30% growth in turnover to... [related news and comments]

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