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BUCHAREST / 18:55, 11.09.2008 Old apartments in Romania are seen 30% cheaper by the end of 2009, on higher supply, officials of realtor Neocasa Real Estate said Thursday. According to Georgiana Sandu, head of Neocasa residential department, new apartment prices will see a 5% increase during the mentioned interval.... [related news and comments]
BUCHAREST / 17:57, 11.09.2008 Romanian inflation is seen continuing its descending path over the next months, Prime Minister Calin Popescu Tariceanu said, adding the recent salary increases will not be affected by price increases. "The descending path of inflation will continue over the next months as well, therefore... [related news and comments]
BUCHAREST / 15:19, 11.09.2008 Romaniaa€™s leftist opposition Social Democratic Party will call for a no-confidence vote to being down the government unless the government decides by September 22 to move up pension increases by one month, party vice-president Marian Sarbu said Thursday. Sarbu said the Social... [related news and comments]
BUCHAREST / 14:31, 11.09.2008 Romania could introduce electronic voting by the next round of parliamentary elections, in 2012, interior minister Cristian David said Thursday. "Resorting to modern technology in the voting process is no longer a thing of the distant future, but of the present. We should all harmonize... [related news and comments]
BUCHAREST / 14:11, 11.09.2008 A Bucharest citizen, considered the largest cannabis dealer, was arrested under charges of producing and selling on the Romanian black market over 150 kilograms of cannabis and byproducts, thus obtaining an approximate profit of EUR150,000, the Romanian Police said Thursday. A Narcotics... [related news and comments]
BUCHAREST / 13:46, 11.09.2008 Romania"s largest hard-line operator RomTelecom, majority-owned by Hellenic Telecommunications Organization SA, or OTE, won the license and will launch its mobile telephony services by yearend, the companya€™s general manager, Yorgos Ioannidis, said Thursday. Romanian communications and... [related news and comments]
BUCHAREST / 12:48, 11.09.2008 Differences between Romaniaa€™s national net average wage calculated by the official statistics board and the net average wage paid by private companies have reduced in 2008 compared to 2007, but large gaps remain for management positions, PricewaterhouseCoopers (PwC) said Thursday.... [related news and comments]
BUCHAREST / 12:44, 11.09.2008 The services sector contributed the most in the first-half gross domestic product, followed by the construction sector, the National Statistics Institute, or INS, said Thursday at a press conference. Romania"s gross domestic product stood at 195.764 billion lei ($81.66 billion) in... [related news and comments]
Surprising departures and the migration of executives from companies have typified the pharmaceutical market over the past few weeks. The phenomenon has not happened before and the names of those leaving the management of pharmaceutical companies has come up almost daily, whilst departures have hit all sectors - both... [related news and comments]
Romania should have a very clear calendar for the adoption of the euro, like those that multinationals implement for large projects, with precise data and steps to be made for each stage; a calendar that should be assumed by all political parties, states Dan Pascariu, UniCredit Tiriac Bank"s chairman of the board of... [related news and comments]
Eximtur, one of the leading tour operators on the local market, posted 33 million-euro turnover in the first 8 months of the year, whilst this year"s forecast points to 45 million-euro turnover, up 29% against 2007 and above the initially budgeted turnover of 41 million euros. "Considering the revenues derived in the... [related news and comments]
Radu Caprau, OMV Romania"s new retail manager, intends to develop petrol station services and plans to expand the network across the big cities and along motorways, with this year"s budget amounting to 10 million euros for five new petrol stations. Caprau, 33, replaced Vlad Seitan in May, while the latter took over as... [related news and comments]
Economic analysts have changed their mind and now estimate the NBR (National Bank of Romania) could preserve or even reduce the monetary policy rate by the end of this year, amid favourable inflation progression in August and the prospect of entering a disinflation trend after the yearly 9.04% peak reached in July.... [related news and comments]
The Park Hotels group, controlled by businessman Gabriel Popoviciu, will open its second hotel under the Ramada umbrella by early next year, after completion of the rebranding process of the Parc hotel (Best Western Parc Hotel), which entails an 11.5 million-euro investment. "We have had several stages of investments... [related news and comments]
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