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EU and USA warn Russia that intervention in Georgia will affect mutual relations. Moscow answers: The West hampers the conflict ceasing[related news and comments]
16:35, 10.08.2008 Romanian Tourism Agency Blue Line Battles Tourism Min For Service PaymentBUCHAREST / 16:35, 10.08.2008 Romanian tourism agency Blue Line, who sued and won against the Romanian Ministry of Commerce, will demand that the Ministrya€™s accounts be frozen until the institution pays a RON45,000 (EUR1 = RON3.5001) debt. "We have sued the Ministry of Commerce, Tourism, SMEs and Liberal... [related news and comments]
JO 2008 16:20, 10.08.2008 Romanian Boxer Ionut Gheorghe Wins First Olympic BoutBUCHAREST / 16:20, 10.08.2008 Romanian boxer Ionut Gheorghe qualified, Sunday, in the second stage of the 64 kg category, within the Beijing Olympics, according to the official website of the competition. Gheorghe defeated Porto Rican Jonathan Gonzalez Ortiz by decision. In the second stage, Gheorghe will fight... [related news and comments]
16:11, 10.08.2008 Romanian Ctrl Bk Thumb Down Becali Bank CreationBUCHAREST / 16:11, 10.08.2008 The Board of Administration within the Romanian central bank rejected, in the meeting held on July 24, the creation of Becali Bank, the lender meant to be founded by businessman George Becali, the financer of Romanian football team Steaua Bucharest, banking sources told MEDIAFAX. Becali... [related news and comments]
12:23, 10.08.2008 Romania Issues Stance On Georgia SituationBUCHAREST / 12:23, 10.08.2008 The Romanian presidency announced, Saturday night, after the meeting of the High Council of National Defense, that Romania restates the need for Georgiaa€™s sovereignty and territorial integrity to be respected. The council also decided that the institutions would be prepared for the... [related news and comments]
Catalin Breaban, second Romanian to join the ranks of American giant Carlyle - AziCarlyle, the largest worldwide investment fund manager, has recently appointed a Romanian as Vice President for buyout opportunities in Central and Eastern Europe. This makes Catalin Breaban the second Romanian to join the over 600-strong team of experts at the American company. With assets worth over 80 billion... [related news and comments]
Humanitas heads toward 11.5m-turnover - AziGrupul Humanitas, which includes Editura Humanitas (Humanitas Publishing House), Humanitas Fiction, Librariile Humanitas distribution firm and Humanitas Multimedia, expects to generate turnover worth 11.5m euros this year, up 15% against 2007, primarily due to an improved portfolio. Lidia Bodea, the general manager of... [related news and comments]
BCR Leasing: Market up 40% in H1 to 2.9bn euros - AziAmid the very slow increase in car sales, leasing companies have shifted their focus towards commercial vehicles and equipment funding. The leasing market reached 2.9 billion euros in the first half of the year, 40% above the level registered during the same time last year, estimates Claudiu Stanescu, general manager... [related news and comments]
HiLo PSS earns 12m euros from storage space - AziBritish-held HiLo PSS, one of the few producers of storage systems on the local market, forecasts a 12 million-euro turnover for this year, up 60% against last year, amid more intensive investments in industrial and logistical space. Hilo PSS has so far invested over 11 million euros in developing a storage systems... [related news and comments]
McDonald"s distributor forecasts 41m-euro turnover - AziRomdis, a distributor whose operations are 70% dedicated to McDonald"s business, estimates turnover worth 150 million RON (around 41 million euros) this year, after it witnessed a 43% increase in H1 this year, against the corresponding period of last year. Romdis, the only McDonald"s distribution and logistics... [related news and comments]
Lemet posts 25% higher sales - AziFurniture manufacturer Lemet, one of the leading players on the furniture market, posted turnover worth 10 million euros in the first half of the year, up 25% against the same time last year, amid the opening of new stores and the large volume of furniture sold. "June, July and August saw the launch of 14 Lem stores.... [related news and comments]
RTC introduces Kanz and Pablosky - AziRafar, the fashion division of the RTC group, controlled by businessman Octavian Radu, will consolidate its portfolio with two brands this year, Kanz and Pablosky, and plans to focus on the luxury market from 2009. The two children"s clothing and footwear brands will be launched in mid-August in the Diverta media... [related news and comments]
Russian, military planes fly over Georgia. Tbilisi International Airport was bombed[related news and comments]
Georgian President Mikhail Saakashvili: Georgia seeks a cease fire agreement[related news and comments]
The International Energy Agency: oil market tensions will reduce in the upcoming years but will not fade[related news and comments]
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