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BUCHAREST / 20:12, 12.08.2008 Bucharesta€™s international airport "Aurel Vlaicu" Baneasa will be closed between September 29 and October 12 for runway repair works, the airporta€™s general manager Stefan Mladin told MEDIAFAX Tuesday. Airliners will operate on Bucharesta€™s international airport "Henri Coanda" Otopeni... [related news and comments]
BUCHAREST / 19:49, 12.08.2008 Romania will send humanitarian aid to Georgia, consisting mainly of medicine and sanitary equipment, in response to a request of the authorities in Tbilisi, the presidency said in a statement Tuesday. The country will thus be joining EU and NATO efforts to bring stability in the... [related news and comments]
BUCHAREST / 17:19, 12.08.2008 Rompetrol Downstream, the retail division of Romaniaa€™s second-largest oil company, Rompetrol Group NV, owned by Kazakhstan"s KazMunaiGaz, plans to extend by 2012 its franchised gas station network with another 250-300 units from independent companies. Over 400 gas stations operated by... [related news and comments]
BUCHAREST / 16:45, 12.08.2008 Romanian Mihai Covaliu Tuesday won bronze at the sabre fencing competition within the Beijing Olympics. This is Romaniaa€™s second medal at the Beijing Olympics after judoka Alina Dumitru won gold in the 48 kg category on Saturday. Covaliu defeated French Julien Pillet in the small... [related news and comments]
BUCHAREST / 13:56, 12.08.2008 The stock market listing of Romanian fixed-line telephony operator Romtelecom was postponed for 2009, due to problems on international financial markets, Romania"s communication and IT minister Karoly Borbely said Tuesday. "We want to float Romtelecom shares, where the state owns 45%, in... [related news and comments]
BUCHAREST / 13:09, 12.08.2008 Managers of major companies in Romania are considered trustworthy by 46% of the Romanian respondents, exceeding the Western European average, but below the Central end Eastern European countries, according to a survey conducted by market research company GfK. In Romania, 46% of the... [related news and comments]
BUCHAREST / 10:31, 12.08.2008 The Romanian Foreign Affairs Ministry received Monday evening a request for humanitarian aid from the Georgian Embassy, diplomatic sources told MEDIAFAX. The ministry will decide how to respond on Tuesday. The Georgian Embassy requested drugs and medical instruments. Georgian... [related news and comments]
Businessman Dinu Patriciu has entered the race to acquire the Anglo-Romanian bank, which is completely held by BCR (Romanian Commercial Bank) and was put up for sale by Austrian-based Erste Bank at the beginning of the year, according to sources on the financial market. The Anglo-Romanian Bank is a legal entity... [related news and comments]
Editura Polirom (Polirom publishing house), one of the biggest players on the Romanian book market, with turnover put at 7.5m euros this year, has a market value of 25 million euros, in line with estimates by Silviu Lupescu, general manager of the company. "Given the 25-30% constant annual increase in turnover, its... [related news and comments]
Universal McCann, the media division of the McCann Erickson advertising group, expects to end the year with turnover worth over 73m euros, up 40% on last year. Mihai Trandafir, managing director of Universal McCann, one of the leading players on the media market, says its top four clients in terms of volume-... [related news and comments]
Missoni, which opened a store three months ago in Baneasa Shopping City, through the fashion division of Otter Distribution, which represents international footwear brands Otter, Geox and Fila, expects to step into the black in around a year"s time, following the high demand from clients for the retailer"s luxury... [related news and comments]
Turkish-based Kastamonu Entegre, owner of Prolemn, one of the largest players on the wood processing market, plans to invest in a second plant in the town of Reghin. The company has not decided on the capacity of the plant yet, or on the sum to be invested, but, according to previous statements from company... [related news and comments]
Sales of PCfun.ro, one of the largest local online stores of IT&C and electronic products doubled sales in the first half of the year and reached 4m dollars. "Amid the rather slow start of the e-commerce sector in 2008, with most players revising their original targets, our first-half results give us reason to be... [related news and comments]
The local pharmaceutical market rose 12.3% in the first half of this year and reached 3.4 billion RON (938.2 million euros), according to data from market research company Cegedim Romania. After 4-5% rises over the previous three quarters of the year, the pharmaceutical market saw a major resurgence in April-June... [related news and comments]
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