Romanian workers' remittances reached USD 38.8 billion in the last five years, with 2007 and 2008 being the most productive years for the nationals working abroad, according to a survey from the World Bank.

Oasis Development will start works on its EUR 50 million Prima Shopping Center project in Oradea in spring next year and has already leased half of the center. The mall will be located on the premises of the Infratirea factory and will cover 24,000 sqm of built area.

Romanian authorities consider signing a precautionary agreement with the International Monetary Fund worth between EUR 5 billion and EUR 6 billion, but the exact amount will not be set until March next year, people familiar with the matter said Monday, quoted by Mediafax.

Private medical care operator CMU has opened a 3,000 sqm medical compound in Brasov, following an investment of EUR 4.2 million. The project, called Campusul Medical Brasov, was set up in partnership with local medical care provider Teo Health.

Motoractive, Ralfi and Domenia Credit non-banking financial institutions will re-brand following the takeover by Turkish group Garanti. The three brands, which have previously run under the GE Money brand, will become, together with Garanti Bank, part of the Garanti Group in Romania.

Fast-food operator Burger King has opened its ninth restaurant in Romania, on the premises of the former Everest fast food unit in Romana Square in Bucharest. The new restaurant is located between competitors McDonald's and KFC.

Pharmaceutical company A&D Pharma, which has been listed on the main market of the London Stock Exchange since 2006 (symbol ADPH), plans to delist its shares from the stock exchange from February next year, pending on the shareholders' decision.

CEZ Group has recently signed for a EUR 200 million loan from the European Investment Bank (EIB) to co-finance the construction of Fantanele Wind Park project in Romania, with installed capacity of 347.5 MW. The maturity of the loan will be 17 years, according to CEZ.

Grup Feroviar Român (GFR) has won the bid to take over Rompetrol's railway transport activities, including the 350 employees who work for Rompetrol Logistics and the company's wagons and railway engines.

Romanian unionists and employers have signed the national collective work contract which sets the minimum wage in the private sector at RON 700 (around EUR 163) and increases wages of qualified workers and foremen.

Romanian workers' remittances reached USD 38.8 billion in the last five years, with 2007 and 2008 being the most productive years for the nationals working abroad, according to a survey from the World Bank.

Oasis Development will start works on its EUR 50 million Prima Shopping Center project in Oradea in spring next year and has already leased half of the center. The mall will be located on the premises of the Infratirea factory and will cover 24,000 sqm of built area.

Romanian authorities consider signing a precautionary agreement with the International Monetary Fund worth between EUR 5 billion and EUR 6 billion, but the exact amount will not be set until March next year, people familiar with the matter said Monday, quoted by Mediafax.

Private medical care operator CMU has opened a 3,000 sqm medical compound in Brasov, following an investment of EUR 4.2 million. The project, called Campusul Medical Brasov, was set up in partnership with local medical care provider Teo Health.

Motoractive, Ralfi and Domenia Credit non-banking financial institutions will re-brand following the takeover by Turkish group Garanti. The three brands, which have previously run under the GE Money brand, will become, together with Garanti Bank, part of the Garanti Group in Romania.

Fast-food operator Burger King has opened its ninth restaurant in Romania, on the premises of the former Everest fast food unit in Romana Square in Bucharest. The new restaurant is located between competitors McDonald's and KFC.

Pharmaceutical company A&D Pharma, which has been listed on the main market of the London Stock Exchange since 2006 (symbol ADPH), plans to delist its shares from the stock exchange from February next year, pending on the shareholders' decision.

CEZ Group has recently signed for a EUR 200 million loan from the European Investment Bank (EIB) to co-finance the construction of Fantanele Wind Park project in Romania, with installed capacity of 347.5 MW. The maturity of the loan will be 17 years, according to CEZ.

Grup Feroviar Român (GFR) has won the bid to take over Rompetrol's railway transport activities, including the 350 employees who work for Rompetrol Logistics and the company's wagons and railway engines.

Romanian unionists and employers have signed the national collective work contract which sets the minimum wage in the private sector at RON 700 (around EUR 163) and increases wages of qualified workers and foremen.