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News 22 July 2008
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20:52, 21.07.2008 Three Romanian Trade Unions To Sign...
All newsBUCHAREST / 20:52, 21.07.2008 Three out of five trade unions decided to sign the agreement with the Romanian government on the minimum wage hike, while the other two unions will make a decision in this respect Tuesday.Cartel Alfa union leader,... (0 views)
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20:18, 21.07.2008 Electrica Receives Offers For Association...
All newsBUCHAREST / 20:18, 21.07.2008 Romaniaa€™s state-owned power grid Electrica SA has received offers from two foreign companies that plan to build hydropower plants of at least 500 MW in Romania.Electrica did not reveal the names of the two foreign... (0 views)
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20:17, 21.07.2008 Romaniaas IT&C Regulator Sets New...
All newsBUCHAREST / 20:17, 21.07.2008 Romaniaa€™s IT&C regulator on Monday said RomTelecom, the largest hard-line telephony operator on the local market, alongside 37 other relevant peer operators will apply interconnection fees of EUR1.16 per minute (VAT... (0 views)
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16:40, 21.07.2008 Drivers In Romania Lacking Road Toll...
All newsBUCHAREST / 16:40, 21.07.2008 Romaniaa€™s Transport Ministry will suspend between Jul 21 and Jul 31 the application of fines for drivers lacking road toll stickers, following the introduction of new sticker models, which may affect stocks of several... (0 views)
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15:07, 21.07.2008 Romania Gets Yellow-Code Weather Warning...
All newsBUCHAREST / 15:07, 21.07.2008 Romaniaa€™s national meteorological authority issued Monday code yellow warnings Monday for 21 counties, forecasting heavy rains and thunderstorms expected Tuesday and Wednesday.A The warning was issued for counties... (0 views)
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14:13, 21.07.2008 Bucharest Heat Distributor RADET Might...
All newsBUCHAREST / 14:13, 21.07.2008 Bucharest thermal power distributor RADET might halt hot water supply in the capital city as of Jul 23, over debts of 700 million lei (EUR1=RON3.5474) dating back from 1996, the manager of Bucharesta€™s energy regulator... (0 views)
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13:41, 21.07.2008 Romanian Prosecutors Demand Public...
All newsBUCHAREST / 13:41, 21.07.2008 Romaniaa€™s Association of Prosecutors urged the head of the High Council of Magistrates to present a public apology for having said in an interview that the decision not to prosecute former ministers over shady... (0 views)
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13:24, 21.07.2008 Turner Broadcasting Opens Bucharest Office
All newsBUCHAREST / 13:24, 21.07.2008 Turner Broadcasting System (TBS, Inc.), a Time Warner company, has opened an office in Romaniaa€™s capital city Bucharest in line with its expansion strategy in Central and Eastern Europe, the company said in a... (0 views)
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Romanian business owners pay their executives better than...
All newsThe major Romanian companies pay up to 20-30% more to attract skilled people from multinationals, who have experience at large companies with a global presence, but also to offset the risks associated by managers with a career in a Romanian-held... (0 views)
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Romstal Leasing grants funding worth 130m euros in H1 - Azi
All newsRomstal Leasing, a subsidiary of Belgian group KBC, granted funding worth 130.5 million euros in the first half of the year, up 53% against the same time in 2007."Equipment leasing and commercial vehicle leasing contributed two thirds of the... (0 views)
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Carrefour speeds up expansion with 7 hypermarkets a year -...
All newsCarrefour is expanding its hypermarket network in Romania by 7 stores a year and expects to reach around 40 stores by 2012, according to a report released by Hyparlo, a division of the French group. Investments in expansion are estimated at 450... (0 views)
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July brings exchange rate lows - Azi
All newsThe RON is 10% weaker than a year ago, while forecasts for the coming few months vary.July, as in 2007, brings the prospect of an annual low, after the euro stands at an average of 3.59 RON three weeks into the month. The level is much lower than... (0 views)
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Hungarians at ASA put prefab plant up for sale - Azi
All newsHungarian-based ASA group is in talks to sell its operations in both Hungary and Romania, in a deal worth around 100 million euros, according to market sources.The most advanced negotiations are with Finnish group Consolis, the largest prefab... (0 views)
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Finding buyers for multi-million euro real estate proves...
All newsAt least 8 real estate properties in Bucharest and throughout the country have been on the market for several months now, whilst current market conditions mean that it is difficult to find buyers, given that the asking prices are the same as before... (0 views)
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Three foreign banks capitalise branches with 180m euros -...
All newsThree second tier banks - Banca Romaneasca, Credit Europe Bank and Millennium Bank, received capital injections from their shareholders in the first half of the year that equalled 180 million euros. Bankers say the valuation methods used by the NBR... (0 views)
