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Panasonic Romania, the local subsidiary of electronics maker based on Japan said it aims at capturing a 15% market share of the local digital photo camera market.
The Government has passed a far-reaching tax evasion crackdown which involves, among others, a tighter control of inbound shipments with high risks of evasion, and apply reverse taxation of VAT for...
EU Gateway programme launched in July 2008 carries on with the session of applications for interior design businesses who want to make a strong foothold in the Japan market.
Prime Minister Emil Boc said the Government will assume liability to the Parliament for the laws that contain the austerity measures agreed with the International Monetary Fund, that were passed on...
Unirea Shopping Center (BSE:SCDM)’s first-quarter net profit doubled year-on-year to 6.15 million lei (€1.49 million), the company said in a filing to Rasdaq market.
Assets of Raiffeisen International in Romania and Moldova fell 4.9% in the Jan-Mar period to €5.864 billion, compared with end-2009, the bank said in a report.
Danone Romania, the local unit of the Paris-based yoghurt maker, said it expects 5-10% increase in sales volume, as compared with 3% advance recorded last year.
Metro workers will go on a solidarity strike on June 1 between 04:00 and 12:00 and not between 04:00 and 16:00 as previously announced, said the chairman of USLM trade union, Ion Radoi.
Aviva Romania, the local unit of UK-based insurer, has appointed Mihai Popescu as chief executive, with effect from May 31.
Minister of Labor, Mihai Seitan said public sector wages would drop 30-50% in 2011, if the austerity measures put in place by the Government failed, and that it would be very likely to see 70% cuts...
The European currency’s weakness has put most of the currencies in the continent under extreme pressure, with the world’s most important currencies hitting record values, XTB Brokers...
Power Net Consulting, one of the largest IT integrators in Romania, and the global PC-maker Dell have entered into an IT solutions tie-up.
The National Bank of Romania set a reference rate of 4.1792 lei/euro, up by 0.41% from yesterday.
Bucharest Mall, held by Anchor Group, and Unirea Shopping Center owned by Adamescu, are in a close battle for the top shopping center in terms of sales performance, a recent Colliers International...
The local unit of the cement producer Holcim Romania has appointed Rossen Papazov (37) as marketing and sales director.
Stocks at the Bucharest Stock Exchange posted below-1% declines today, while the financial investment companies finished down 0.32%.
Shareholders of EnergoNuclear, the company formally established to undertake the construction, commissioning and operation of the two nuclear power plan units 3 and 4 at Cernavoda, began a round of...
The National Union of Road Carriers in Romania (UNTRR) has called on Romanian authorities to implement Info Traffic systems in the vehicles according to the European model, and said this measure...
Austrian-based Hodlmayr International has been commissioned to ship 56,000 cars manufactured by Dacia to seven countries, such as Austria, Belgium, Luxembourg, France (northern France –...
Croatia could be left out of the Pan European Oil Pipeline Constanta-Trieste project, unless it pays its £70,000 share within 30 days after receipt of notification letter from the other...
M Car Trading, general distributor of Mitsubishi Motors for Romania and Tiriac Holdings unit will add in June has added in June its new compact crossover ASX to the car scrappage scheme 2010.
Norwegian investment fund Romania Invest, that holds around 750 apartments in a number of residential projects in Bucharest, acquired in February this year 30 apartments in Evocasa Viva compound,...
The National Bank of Romania set a reference rate of 3.4544 lei/U.S. dollar, a fresh record low, while the EUR/RON rate rose by 0.28% from 4.1792 to 4.1910.
The German-based retailer Real Hypermarket, that runs a 25-unit chain in Romania, said it appointed Thierry Guillon-Verne as food purchasing director and Christian Gopfert as chief operating officer.
Stocks at the Bucharest Stock Exchange stayed in the weak mode today, with the BET-FI index breaking through the 20,000 points barrier, after closing above the level for three successive sessions.
The board members of the Bucharest Stock Exchange agreed to list the shares of the stock exchange on Tuesday, June 8, Mircea Botta, vice president of BSE told Wall-Street.
IPIX Romania together with the Mamaia Employers Association will jointly launch on June 3, 2010 the www.mamaia360.ro project, a world premiere in the online promotion of a tourist destination,...
The local heavy equipment manufacturer Doosan IMGB, the subsidiary of South-Korean Doosan said it expects revenues of €100 million for this year, or 10% year-on-year growth, and 7% increase in...
Oil and gas company OMV Petrom, held by Austrian OMV group has started natural gas supply under gas debottlenecking project in Hurezani, after total investments of €135 million, project which...
Valentin Ionescu (photo) senior sales trader at Euro Invest Bank Austria says the financial markets across the globe look like a hurricane, and found themselves in the same situation as they were...
In 2009, Romania recorded a significant drop in the number of investment projects (-48%) and in the number of jobs created (-44%). Europe’s economic powerhouses have coped pretty well in...
Romanian Minister of Foreign Affairs, Teodor Baconschi held energy security talks with the U.S Secretary of State, Hillary Clinton (photo) during his official visit to Washington that focused on...
Pintilie insurance broker (PBA) said it launched the Asiguratorii.ro portal, a place where potential customers can calculate, compare and buy home insurance policies.
Cosmos Mobile, GSM distributor of telecom carrier Cosmote, has increased its market share to 25% for Bonus Card Cosmote prepaid services, or 5% year-on-year growth in the first quarter of 2010.
Adobe products are currently the primary target for hackers and virus writers worldwide due to their prevalence and multi-platform capabilities, Kaspersky Lab malware report found.
Bucharest Stock Exchange (BSE) said its quarterly profit rose to 2.47 million lei (€0.6 million) almost double from the same period of last year.
Oil and gas company OMV Petrom, held by Austrian-based OMV, said it would invest around €800 million in its Exploration & Production business line, Head of Design and Engineering at...
Cosmote, the third largest telecom carrier in Romania posted a 30% year-on-year increase in the number of corporate customer base in the first quarter 2010, largely due to the expansion of its...
The National Bank of Romania set a reference rate of 4.1835 lei/euro, down 0.18% from yesterday.
EU telecoms markets have become more competitive, citizens and businesses enjoy greater choice of services and cheaper prices but a single EU telecoms market is still far from reality, the European...