News, press review, newspapers, magazines

20:26, 28.08.2008 Steaua Bucharest In Champions Leagueas Group F, CFR Cluj - Group A
BUCHAREST / 20:26, 28.08.2008 FC Steaua Bucharest face a tough Group F in Champions League, after they were drawn with German champions Bayern, French Lyon and Italya€™s Fiorentina on Thursday. The second Romanian team in the competition, CFR Cluj, will not have a much easier task either, as they were drawn in Group... [related news and comments]

18:27, 28.08.2008 Romania To Build Two Radioactive Waste Storage Facilities, By 2055
BUCHAREST / 18:27, 28.08.2008 Romania will be obligated to build one storage facility for low-level radioactive waste by 2014, and another one for high-level radioactive waste by the year 2055, in a highly challenging project with painstaking requirements. According to the plans of the National Agency for Radioactive... [related news and comments]

17:45, 28.08.2008 Nestle To Move Ice Cream Production From Romania To Bulgaria
BUCHAREST / 17:45, 28.08.2008 The largest food company in the world, Nestle, will transfer, starting with September 1, the ice cream production lines from Bucharest, the only Nestle ice cream plant in Romania, to the plant in Varna, Bulgaria. The operation is part of the reorganization process unfolded for the... [related news and comments]

15:54, 28.08.2008 Romanian Companies Could Supply Russia With Furniture For 2014 Winter Olympics
BUCHAREST / 15:54, 28.08.2008 Romanian furniture and interior decoration companies could supply products for the hotels and tourist and sports bases built around the Sochi resort in Russia, on the Black Sea coast, where the 2014 Winter Olympic Games will be held. In this respect, the Russians are interested in... [related news and comments]

15:24, 28.08.2008 Rompetrol Rafinare Receives 2-Yr Authorization For Power Supply
BUCHAREST / 15:24, 28.08.2008 Romaniaa€™s second-largest oil company Rompetrol Rafinare Constanta (RRC.RO) received on Thursday the authorization from the National Energy Authority, or ANRE, to supply electricity for two years, sources from the company told Mediafax. "The authorization was approved in ANRE’s... [related news and comments]

15:19, 28.08.2008 Romanian Fourth Graders To Get Uterine Cancer Vaccine As Of Oct 1
BUCHAREST / 15:19, 28.08.2008 Romania will implement as of October 1 a vaccination program against uterine cancer for fourth grade girls, said health minister Eugen Nicolaescu Thursday. A "The Health Ministry is focusing on the screening tests for different types of cancer – colon and rectal cancer, genital... [related news and comments]

15:19, 28.08.2008 Romania Ranks 5th In Emerging Europe By Vulnerability To Fin Pressures - Fitch
BUCHAREST / 15:19, 28.08.2008 Romania ranks fifth, as well as Estonia, in a classification of the most vulnerable states in Emerging Europe to external financing pressures, Fitch Ratings said on Thursday. "Fitch has constructed an index of relative vulnerability to external financing pressures, based on CA balance... [related news and comments]

13:45, 28.08.2008 Romanian Petrom, Road Transporters Strike Fuel Supply Deal
BUCHAREST / 13:45, 28.08.2008 Romaniaa€™s largest vertically integrated oil company Petrom (SNP.RO) made an agreement Thursday with the Federation of Romanian Transport Operators, FORT, to supply over two million liters of fuel per month and offering discounts to all FORT members. All FORT members will benefit from... [related news and comments]

Petrom buys twice the volume of oil to offset stagnating production - Azi
Petrom Bucharest (SNP), the largest Romanian company, bought oil and oil products worth 2 billion RON (545 million euros) from other companies in the Austrian OMV group (its majority shareholders) in the first half. The acquisitions are double the volume of the corresponding period last year, when they reached 1... [related news and comments]

Ford will not recruit for Craiova plant until 2010 - Azi
[related news and comments]

Immoeast, 58m-euro revenues from rents domestically - Azi
The market value of Immoeast"s properties has reached 3.47bn euros, up 7.1% against the previous fiscal year. The Austrian investment fund, which has properties that cover 2.5 million square metres in Romania, generated revenues worth 57.8m euros from the leasing of finished buildings during the fiscal year that... [related news and comments]

Brokerage companies lay off staff amid Stock Exchange crisis - Azi
Prime Transaction, Confident Invest and GM Invest - three medium-sized brokerage companies on the Stock Exchange, have closed ten agencies over the last two months, and have laid off around 25 brokers, according to reports published in the weekly bulletins of the National Securities Commission. Brokerage companies are... [related news and comments]

Non-government credit sees surprising slowdown - Azi
Private lending saw a surprising slowdown in July, the first decline since January 2007, amid a significant slowdown in foreign-currency lending. Sums saved by the population and by companies in banks also saw a decline last month. The slowdown in foreign-currency credit is partially caused by a statistical... [related news and comments]

AIG Life makes biggest profit on the market in H1 - Azi
AIG Life, the second largest player on the life insurance market, posted a gross profit worth 24 million RON (over 6.5 million euros) in the first half of the year, double against the same time last year. This is the biggest profit reported by an insurance company in the first six months of this year. Other top... [related news and comments]

Carabulea spends 10m-euro on buses from Cefin - Azi
4BUS, a division of the Cefin holding, has delivered over 100 buses for intercity and international transport to transporter Atlassib, held by Ilie Carabulea, the leading businessman in Sibiu (holder of Banca Carpatica). The overall value of deliveries, at an average price of 110,000 euros for an intercity bus with... [related news and comments]

Hame"s GM leaves just 3 months after being appointed - Azi
Robert Kowalski, general manager of pate producer Hame Romania will step down as manager of the local division of the Czech producer just three months after his appointment. "My departure from the position of general manager of Hame Romania is for personal reasons. Over the last few months, I have only been home once... [related news and comments]

Opposition leader Mircea Geoana says Romanian tractors need GPS to face competition
[related news and comments]

Newspaper archive