State-owned company Nuclearelectrica, which administrates the two nuclear reactors in Cernavoda, posted a loss of around EUR 46 million in the first six months of the year. The company turned to loss after making a gross profit of around EUR 25.6 million in the first six months of last year.

Banks keep small clients locked in high interest loans, accuse business people – in Ziarul Financiar, IKEA- Land prices are still high – in Ziarul Financiar, Consumer protection: Banks the keep the current level of interest only if the clients agree – in Ziarul Financiar, Berceanu fires 8,000 railway workers to save EUR 187 million – in Ziarul Financiar, Public debt goes down by 36.4% of GDP mid-year – in Gandul, Rosia Montana: The journalists who were tempted to New Zealand say they're on holiday – on Adevarul.ro

The Romanian Railways Company (CFR) will have to axe between 7,100 and 8,300 people by 2011, which would lead to savings of around EUR 187 million next year, according to Transport Ministry's restructuring strategy for CFR.

Swedish retailer Ikea will drop prices by 12 percent on an average from the beginning of September, on over 4,000 products it sells in its Bucharest store. Ikea has launched the 2011 catalog, which will have 1,700 items with lower prices, according to the retailer.

Banks active in Romania don't expect a comeback in the lending activity in the following period, as the second quarter of the year brought along tougher lending conditions, found a survey by the Romanian Central Bank (BNR). However, mortgage loans will be the exception.

The six seats in the Fondul Proprietatea surveillance committee has attracted 13 candidates who have applied for six spots in the committee. While most of them have been openly linked to political ties, two come from the private sector. Radu Florescu, CEO of Saatchi & Saatchi and Sorin Mindrutescu (in picture), general manager of Oracle Romania and head of the American Romanian Chamber of Commerce (AmCham),according to local newspaper Ziarul Financiar.

Mining company Rosia Montana Gold Corporation, which is trying to start the gold mining project in Rosia Montana, Romania, has taken 20 journalists on a trip to a gold mine in New Zealand. The local media has already commented on whether the journalists were supposed to accept the trip.

Romania exported tobacco products worth of EUR 118.7 million in the first four months of the year, according to statistics. The value of exports was 20.7 percent higher than in the same period of last year.

Highest paid executive placed by headhunters in 2010 earns 25,000 euros per month – in Ziarul Financiar, Raiffeisen top executives' bonuses delayed for three years – in Ziarul Financiar, Duster production exceeds half a billion euros in five months – in Ziarul Financiar, Multinational companies have increased salaries by 4.5 percent – in Ziarul Financiar, The story of Romanian champions who earn RON 1,500 a month – in Gandul, Romania takes out EUR 2 mln loans an hour. Government announces salaries will increase – in Gandul

Local lender BCR has granted over 10,000 mortgage loans as part of the First House program so far, with the total financing exceeding EUR 420 million on this program. BCR, which started offering the First House loans in August last year, gave most of its loans in Bucharest – over 3,000 loans totaling EUR 150 million.

State-owned company Nuclearelectrica, which administrates the two nuclear reactors in Cernavoda, posted a loss of around EUR 46 million in the first six months of the year. The company turned to loss after making a gross profit of around EUR 25.6 million in the first six months of last year.

Banks keep small clients locked in high interest loans, accuse business people – in Ziarul Financiar, IKEA- Land prices are still high – in Ziarul Financiar, Consumer protection: Banks the keep the current level of interest only if the clients agree – in Ziarul Financiar, Berceanu fires 8,000 railway workers to save EUR 187 million – in Ziarul Financiar, Public debt goes down by 36.4% of GDP mid-year – in Gandul, Rosia Montana: The journalists who were tempted to New Zealand say they're on holiday – on Adevarul.ro

The Romanian Railways Company (CFR) will have to axe between 7,100 and 8,300 people by 2011, which would lead to savings of around EUR 187 million next year, according to Transport Ministry's restructuring strategy for CFR.

Swedish retailer Ikea will drop prices by 12 percent on an average from the beginning of September, on over 4,000 products it sells in its Bucharest store. Ikea has launched the 2011 catalog, which will have 1,700 items with lower prices, according to the retailer.

Banks active in Romania don't expect a comeback in the lending activity in the following period, as the second quarter of the year brought along tougher lending conditions, found a survey by the Romanian Central Bank (BNR). However, mortgage loans will be the exception.

The six seats in the Fondul Proprietatea surveillance committee has attracted 13 candidates who have applied for six spots in the committee. While most of them have been openly linked to political ties, two come from the private sector. Radu Florescu, CEO of Saatchi & Saatchi and Sorin Mindrutescu (in picture), general manager of Oracle Romania and head of the American Romanian Chamber of Commerce (AmCham),according to local newspaper Ziarul Financiar.

Mining company Rosia Montana Gold Corporation, which is trying to start the gold mining project in Rosia Montana, Romania, has taken 20 journalists on a trip to a gold mine in New Zealand. The local media has already commented on whether the journalists were supposed to accept the trip.

Romania exported tobacco products worth of EUR 118.7 million in the first four months of the year, according to statistics. The value of exports was 20.7 percent higher than in the same period of last year.

Highest paid executive placed by headhunters in 2010 earns 25,000 euros per month – in Ziarul Financiar, Raiffeisen top executives' bonuses delayed for three years – in Ziarul Financiar, Duster production exceeds half a billion euros in five months – in Ziarul Financiar, Multinational companies have increased salaries by 4.5 percent – in Ziarul Financiar, The story of Romanian champions who earn RON 1,500 a month – in Gandul, Romania takes out EUR 2 mln loans an hour. Government announces salaries will increase – in Gandul

Local lender BCR has granted over 10,000 mortgage loans as part of the First House program so far, with the total financing exceeding EUR 420 million on this program. BCR, which started offering the First House loans in August last year, gave most of its loans in Bucharest – over 3,000 loans totaling EUR 150 million.