Romania's Gross Domestic Product (GDP) dropped in the first half of 2010 by 2.4 percent, compared with the first half of 2009, but registered a 0.3 percent increase in the second quarter of 2010 on this year's first quarter, according to the National Institute of Statistics (INS).

Household consumption of consumer goods dropped by 4 percent in Romanian currency in the first six months of the year, compared to the same period of last year, which is the first decline in the last ten years, found a study by GfK Romania. “This is the first decline in the last ten years, during which the year-on-year growth rates varied between 7 and 25 percent. In a less friendly economic and political context, consumers paid fewer visits to stores, supermarket being among most affected,” said Raluca Raschip, consumer tracking director with GfK Romania.

Romanian telecoms regulator ANCOM (The National Authority for Management and Regulation in Communications of Romania) has stopped the tender to award the country’s first two digital TV operation licenses, the state body has announced.

Romanian media

Head of euro zone, Trichet, to attend Romanian central Bank's 130th anniversary on Sunday – in Ziarul...

Several workers' unions in Romania representing state employees will organize a strike on October 7 to protest against the new salary law project. State employees could start an unlimited general strike after September 15 and workers' unions expect a broader participation than in previous such events, as more austerity measures have impacted workers in the meantime.

The quarrel between foreign investors and local authorities about wind energy projects in Dobrogea went on from a site clash this summer to a battle of official declarations. Two of the foreign investors which have started projects in the Cogealac area, CEZ and Eolica, both underline the risks of blocking investments in the area. Their takes on this however differ.

The salary expenses in the Romanian public sector will be cut in 2011 down to the 2005 level of 7.4 percent of gross domestic product, the International Monetary Fund (IMF) representative in Romania Tonny Lybek said at the Palace of Parliament on Tuesday.

The Chamber of Notaries Public in Bucharest will reduce by 10 percent the fees charged for real estate transaction signed in Bucharest and in five other counties, namely Calarasi, Giurgiu, Ialomita, Ilfov and Teleorman, starting September 1.

real,- Hypermarket Romania will move its headquarters above the real,- Pallady hypermarket, where it will occupy 6,500 sqm of space. The three available floors will host the retailer's 350 employees working in the main offices.

Banks demand higher yields from state – in Ziarul Financiar, Food industry multinationals closed down 25 plants – in Ziarul Financiar, Volume of loans granted by non-banking financial institutions, down by EUR 600 million in H1 – in Ziarul Financiar, Burger King and Nestle replace Everest in Piaţa Romană – in Ziarul Financiar, State could cash in EUR 100 million from sale of 15% in Transgaz – in Ziarul Financiar

RCS & RDS launches prepaid mobile Internet and voice – in Ziarul Financiar

Romania's Gross Domestic Product (GDP) dropped in the first half of 2010 by 2.4 percent, compared with the first half of 2009, but registered a 0.3 percent increase in the second quarter of 2010 on this year's first quarter, according to the National Institute of Statistics (INS).

Household consumption of consumer goods dropped by 4 percent in Romanian currency in the first six months of the year, compared to the same period of last year, which is the first decline in the last ten years, found a study by GfK Romania. “This is the first decline in the last ten years, during which the year-on-year growth rates varied between 7 and 25 percent. In a less friendly economic and political context, consumers paid fewer visits to stores, supermarket being among most affected,” said Raluca Raschip, consumer tracking director with GfK Romania.

Romanian telecoms regulator ANCOM (The National Authority for Management and Regulation in Communications of Romania) has stopped the tender to award the country’s first two digital TV operation licenses, the state body has announced.

Romanian media

Head of euro zone, Trichet, to attend Romanian central Bank's 130th anniversary on Sunday – in Ziarul...

Several workers' unions in Romania representing state employees will organize a strike on October 7 to protest against the new salary law project. State employees could start an unlimited general strike after September 15 and workers' unions expect a broader participation than in previous such events, as more austerity measures have impacted workers in the meantime.

The quarrel between foreign investors and local authorities about wind energy projects in Dobrogea went on from a site clash this summer to a battle of official declarations. Two of the foreign investors which have started projects in the Cogealac area, CEZ and Eolica, both underline the risks of blocking investments in the area. Their takes on this however differ.

The salary expenses in the Romanian public sector will be cut in 2011 down to the 2005 level of 7.4 percent of gross domestic product, the International Monetary Fund (IMF) representative in Romania Tonny Lybek said at the Palace of Parliament on Tuesday.

The Chamber of Notaries Public in Bucharest will reduce by 10 percent the fees charged for real estate transaction signed in Bucharest and in five other counties, namely Calarasi, Giurgiu, Ialomita, Ilfov and Teleorman, starting September 1.

real,- Hypermarket Romania will move its headquarters above the real,- Pallady hypermarket, where it will occupy 6,500 sqm of space. The three available floors will host the retailer's 350 employees working in the main offices.

Banks demand higher yields from state – in Ziarul Financiar, Food industry multinationals closed down 25 plants – in Ziarul Financiar, Volume of loans granted by non-banking financial institutions, down by EUR 600 million in H1 – in Ziarul Financiar, Burger King and Nestle replace Everest in Piaţa Romană – in Ziarul Financiar, State could cash in EUR 100 million from sale of 15% in Transgaz – in Ziarul Financiar

RCS & RDS launches prepaid mobile Internet and voice – in Ziarul Financiar