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19:17, 27.08.2008 Private Romanian Co Exported Ammunition To Georgia - Def Min
BUCHAREST / 19:17, 27.08.2008 Romanian defense minister Teodor Melescanu said Wednesday a Romanian private company did send ammunition to Georgia, but declined to name the firm. A Melescanu said neither the Romanian state, nor the Ministry of Defense or its export company Romtehnica delivered weapons to the Georgian... [related news and comments]

17:14, 27.08.2008 Romanian Insurers To Repay RCA Premiums For Cars Registered Abroad
BUCHAREST / 17:14, 27.08.2008 Romanian insurers who signed RCA policies for cars registered in European countries are to pay back the insurance premiums to customers, as insurance companies are only authorized to sign RCA policies in Romania, the countrya€™s insurance regulator CSA said Wednesday. "The Insurance... [related news and comments]

Update 16:42, 27.08.2008 Romania To Hold Legislative Polls Nov 30
BUCHAREST / 16:42, 27.08.2008 The Romanian government decided in the cabinet meeting Wednesday to set the date for legislative elections for November 30, people close to the matter told MEDIAFAX. Prime Minister Calin Tariceanu confirmed parliamentary elections will be held on November 30. Official sources told... [related news and comments]

Update 16:41, 27.08.2008 Romania Hikes Pensions As Of Nov 1
BUCHAREST / 16:41, 27.08.2008 The Romanian government decided in the cabinet meeting Wednesday to increase pensions as of November 1, 2008, people close to the matter told MEDIAFAX Wednesday. Romanian Prime Minister Calin Tariceanu later confirmed the government decided to increase pensions two months earlier than... [related news and comments]

16:30, 27.08.2008 Romanian Construction Prices Up 30% in 2008, On Higher Labor, Materials Costs - Employers
BUCHAREST / 16:30, 27.08.2008 Construction prices in Romania increased some 30% this year, driven by cement prices which rose 30%, reinforced concrete prices which rose 140%-180% and double manual labor costs, the general manager of the Construction Companies Employers Association, Adriana Iftime, said Wednesday. "No... [related news and comments]

13:21, 27.08.2008 Cosmote Romania To Cut Roaming Tariffs To EC Levels
BUCHAREST / 13:21, 27.08.2008 Mobile operator Cosmote Romania will lower Saturday, August 30, its roaming tariffs to the level imposed by the European Commission. Thus the tariffs for EU outgoing calls will reach EUR0.46/minute, while calls received from EU states will cost EUR0.22/minute, VAT excluded, Cosmote... [related news and comments]

13:17, 27.08.2008 Romania Doubles Prizes For Beijing Olympics Winners
BUCHAREST / 13:17, 27.08.2008 The Romanian government doubled Wednesday the sum granted under the law to athletes who secured medals or won at least sixth place in this yeara€™s Beijing Olympics and grants, including for coaches, top EUR5 million, Prime Minister Calin Tariceanu said. Tariceanu met with Romanian... [related news and comments]

12:56, 27.08.2008 Czech Pwr Group CEZ To Develop 600MW Wind Pwr Proj E Romania
BUCHAREST / 12:56, 27.08.2008 Czech power group CEZ bought from renewable power developer Continental Wind Partners, two wind farm projects in Constanta county, eastern Romania, with a total capacity of 600 megawatts, whose development costs will reach EUR1.1 billion, CEZ said in a press statement. According to CEZ,... [related news and comments]

Wipro: 15-20% wage hikes will make you an expensive destination - 27 Aug 2008
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IKEA brings 4.6m-euro profit for billionaire Puiu Popoviciu - 27 Aug 2008
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Boromir heads toward 170m-euro sales - 27 Aug 2008
Boromir Ramnicu-Valcea, one of the leading producers in the milling and bakery industry, forecasts to end the year with an over 25% higher turnover than last year, approximately 600 million RON (more than 166 million euros). "The growth rate of the turnover in the last five months of 2008 will stand at 15% compared... [related news and comments]

Salaries at Broker Cluj down 40% - 27 Aug 2008
The average salary of an employee at Broker Cluj, the only brokerage company listed on the Stock Exchange, fell by 40% in the first half of the year against the first half of 2007, according to financial data published by the company. The reduction in the brokers" incomes was caused by the decline in the volume of... [related news and comments]

ING appoints Romanian CEO to the helm of insurance division - 27 Aug 2008
Cornelia Coman has been appointed to the helm of the largest life insurance company on the local market, ING Asigurari, with turnover worth 150 million euros last year, and will replace Dutch-born Bram Boon. Coman, 33, entered the company in 1999 as an actuary, going on to be chief actuary, actuarial and investment... [related news and comments]

Societe Generale builds shopping centre in Bacau - 27 Aug 2008
Real estate developer Sogeprom, a subsidiary of French group Societe Generale, the main shareholder of BRD, is in the process of designing and authorising a shopping centre in Bacau, which will be developed in partnership with another French company. "We will develop a project in Bacau, the plot has been bought... [related news and comments]

Auchan to recruit 500 people for Militari hypermarket - 27 Aug 2008
Auchan, the French company that operates the largest hypermarkets on the local market, will hire around 800 people for two openings this year. The opening of its second store in Bucharest, located in the Militari district, will entail the creation of 500 jobs. By the end of the year, the company will have 3,500... [related news and comments]

Viessmann expects 42m-euro turnover this year - 27 Aug 2008
Viessmann, one of the leading players on the local boiler market, estimates it will post turnover worth 42 million euros this year, up by around 10% to around 38 million euros in 2007. According to Viessmann representatives, the increase is correlated to that of the entire market, which is now seeing the sales level... [related news and comments]

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