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Russian troops reach Tbilisi. Russian defense minister dismisses the information[related news and comments]
Ford"s UK branch threatened by Romanian and Turkish factory competitiveness[related news and comments]
Romanian President Traian Basescu: Moldova is not in danger of being involved in a similar situation like Georgia[related news and comments]
Chinese authorities forbid British researchers to release data on Beijing"s pollution level[related news and comments]
Romanian Defense minister: Romania to invest at least 4 billion euro in American planes[related news and comments]
21:01, 11.08.2008 Romania Opens First Bear Reservation C CountryBUCHAREST / 21:01, 11.08.2008 The first Romanian bear reservation was officially inaugurated Monday, in the county of Brasov, central Romania, by the Association "Milioane de Prieteni" and by the World Society for the Protection of Animals. A The reservation includes 70 hectares of pasture and is surrounded by 1,500... [related news and comments]
20:48, 11.08.2008 Romania Defense Council Meeting Set For Tues - SourcesBUCHAREST / 20:48, 11.08.2008 Romanian President Traian Basescu summoned a meeting of the Supreme Defense Council, or CSAT, for Tuesday (August 12 - e.n.) on a subject yet to be announced, presidency sources said Monday. The latest meeting of the country’s defense council was held on Saturday evening, in light... [related news and comments]
19:12, 11.08.2008 Romaniaas Rompetrol To Cut Gas, Diesel Oil Pump Prices By RON0.04, RON0.08 Per LiterBUCHAREST / 19:12, 11.08.2008 Romaniaa€™s second-largest oil company Rompetrol Group NV, owned by Kazakhstan"s KazMunaiGaz, will cut Tuesday its gasoline and diesel oil pump prices by 0.04 lei (EUR1=RON3.5644) per liter, and RON0.08 per liter, respectively, the company said in a statement. Rompetrol will cut its... [related news and comments]
17:44, 11.08.2008 Monica Serbanescu Nominated For Head Of Romaniaas Anticorruption DeptBUCHAREST / 17:44, 11.08.2008 The Romanian Justice Minister Catalin Predoiu on Monday said he will nominate prosecutor Monica Serbanescu as president of the countrya€™s anticorruption department DNA, replacing Daniel Morar whose 3-year mandate expired today. Predoiu mentioned Morar will be proposed either for the... [related news and comments]
16:02, 11.08.2008 Romanian Foreign Affairs Ministry Recommends Romanian Citizens To Avoid GeorgiaBUCHAREST / 16:02, 11.08.2008 The Romanian Foreign Affairs Ministry recommended Romanian citizens to avoid traveling to Georgia, especially to the Southern Ossetia and Abkhaz regions, and the border regions of Chechnya. A Romanian citizens are advised to avoid the border areas between Chechnya- Shatili, Omalo,... [related news and comments]
14:52, 11.08.2008 Romanian Govt Doubled Pay For Workers Rebuilding Homes Destroyed In FloodsBUCHAREST / 14:52, 11.08.2008 The Romanian government doubled the sum destined to pay workers rebuilding homes destroyed by recent floods in northern and eastern Romania, said Monday Alexandru Baisanu, prefect of the northeastern county of Suceava. Baisanu said the sum was doubled to 20,000 lei (EUR1=RON3.5664) from... [related news and comments]
14:27, 11.08.2008 Fitch: Romaniaas Economy Looks More Like Overheating Than Expected In JanuaryBUCHAREST / 14:27, 11.08.2008 Romania"s economy shows little sign of adjusting to a more sustainable growth path and the economy looks more like ita€™s overheating than expected in January, Andrew Colquhoun, director with Fitch Ratings, told MEDIAFAX Monday. The Fitch official cited Romania’s strong... [related news and comments]
13:43, 11.08.2008 Romaniaas Romtelecom Lowered Fees By 40% For Long Distance Calls During Busy HoursBUCHAREST / 13:43, 11.08.2008 Romaniaa€™s telecom operator Romtelecom reduced on Monday by 40% the fees for long distance calls during busy hours, and by 17% the fees for calls to networks of other hard-line operators, the operator said Monday. A Romtelecom will charge EUR0.027/minute during busy hours under all... [related news and comments]
BRD registers 140m-euro record profit despite slower growth - AziBRD, the second-largest bank on the market, posted a record-high profit of 515 million RON (140.3 million euros) in the first half of the year, up 23% against the same time in 2007, according to Romanian accounting standards. However, the profit growth rate slowed down against the 32% rate posted a year ago. The gross... [related news and comments]
Low-cost competition hurts Eurolines - AziEurolines, the coach transport group owned by the Martin family and businessman Dragos Anastasiu, saw its revenues from international passenger transport go down by 13% in the first half, whilst this year?s figures mark the first negative performance since 2005. Passenger transport services used to contribute 40% to... [related news and comments]
NBR rejects establishment of Becali Bank - AziThe Board of Governors of the National Bank of Romania (NBR) has rejected in its July 24 meeting the application to establish Becali Bank, the credit institution that businessman George Becali, who also owns Steaua football club, wanted to set up, according to banking sources. Becali stated at the end of March that he... [related news and comments]
Iaciu sells Expo Market Doraly - AziAn investment fund that belongs to HSBC, one of the largest financial groups worldwide, last month acquired Expo Market Doraly for 65-70 million euros from businessman Gheorghe Iaciu, according to news agency Mediafax. According to the quoted sources, the transaction involved a division of the British group HSBC -... [related news and comments]
Beyler to build 150 villas on the site of current plant - AziBeyler Galati, a doors manufacturer, intends to relocate its activities following a 7 million-euro investment and will develop a 150-villa district on the site of the current plant, a project that will require 40 million euros. The investment in building the new plant will take place over the course of next year, with... [related news and comments]
Orkla up 50% on pate market - AziOrkla Foods Romania, the local division of the Norwegian food producer, has posted an over 50% increase on the meat pate segment in the first seven months of this year against the same time in 2007. "In the first seven months of this year, Orkla posted an over 50% increase on the patesegment, a 40% rise on the canned... [related news and comments]
Arabesque: Real estate turmoil will be felt next year - AziArabesque, the largest distributor of construction materials on the local market, with annual turnover worth 450 million euros, expects the constructions materials market to slowdown in 2009, amid real estate turmoil. In the first half of the year, the number of transactions concluded on the real estate market was... [related news and comments]
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