Drug producer Terapia Ranbaxy grew its sales by 21 percent in the first half of the year in Romania, to USD 48 million, according to the company's most recent financial report. The company was helped by the restructuring process and by rationalization, which counterbalanced the negative market conditions, according to the company.

Banks are increasing loan prices instead of making them cheaper – in Ziarul Financiar, Govt prepares new changes to Labor Code – in Ziarul Financiar, Family Frost fails in Romania – EUR 10 mln lost on stores on wheels – in Ziarul Financiar, RBS reduces local exposure to EUR 292 million – in Ziarul Financiar

Terapia Ranbaxy sales increase by 21 percent in first half of the year – in Ziarul Financiar

Mercadia Holland, a company controlled by Romanian businessman Dinu Patriciu, has taken over discount retailer MiniMAX DISCOUNT, in a deal whose value was not revealed. The 31-unit network used to be controlled by Austrian Real4You and two individuals, Rainer Exel and Andreas Kampf.

A recent article by French daily newspaper Le Monde points out to the increasing activity on wind farming in South- Eastern Romania, in Dobrogea area, where several wind energy projects have taken off recently.

State-owned company Oltchim Ramnicu Valcea saw its loss deepening in the first six months of this year - around EUR 41.7 million, which was 35 percent higher than the loss it posted the same period of last year.

The average room price of Bucharest hotels ranks 22nd in a top of 30 cities based on hotel prices, according to hotel.info, which has put together the top. The average price of a hotel room in Bucharest went up by 3 percent in July, to EUR 81.36, compared to the same month of last year. Compared to June 2008, the room price dropped by 19.4 percent.

Credit Europe Bank will redeem the clients whose bank accounts have been recently wiped out following unauthorized bank transactions. The bank has already repaid the first amounts and says it has the needed cash to cover these payments. It is yet to disclose the total amount which was taken out of customers' accounts.

Romania's wheat crop has been affected by floods and will stay below the expectations this season, although at a higher level than last year, according to the Agriculture Ministry. The country is expected to harvest 5.7 million tonnes of wheat, 1 million tonnes below the expected level. Most of the crop has already been harvested from 98 percent of the land.

Natural gas consumption in Romania reached 78.7 million Mwh in the first six months of the year, which was an increase of 10 percent compared to the same period of last year, according to data from the Energy regulation National Agency (ANRE).

Car maker Ford will start production of a new car in its factory in Romania next year. It will be a small-size car which is not yet in Ford's portfolio, according to John Fleming, head of global manufacturing and labor affairs. 150,000 units of the new car will be produced each year, according to Fleming. Production should start towards September next year.

Drug producer Terapia Ranbaxy grew its sales by 21 percent in the first half of the year in Romania, to USD 48 million, according to the company's most recent financial report. The company was helped by the restructuring process and by rationalization, which counterbalanced the negative market conditions, according to the company.

Banks are increasing loan prices instead of making them cheaper – in Ziarul Financiar, Govt prepares new changes to Labor Code – in Ziarul Financiar, Family Frost fails in Romania – EUR 10 mln lost on stores on wheels – in Ziarul Financiar, RBS reduces local exposure to EUR 292 million – in Ziarul Financiar

Terapia Ranbaxy sales increase by 21 percent in first half of the year – in Ziarul Financiar

Mercadia Holland, a company controlled by Romanian businessman Dinu Patriciu, has taken over discount retailer MiniMAX DISCOUNT, in a deal whose value was not revealed. The 31-unit network used to be controlled by Austrian Real4You and two individuals, Rainer Exel and Andreas Kampf.

A recent article by French daily newspaper Le Monde points out to the increasing activity on wind farming in South- Eastern Romania, in Dobrogea area, where several wind energy projects have taken off recently.

State-owned company Oltchim Ramnicu Valcea saw its loss deepening in the first six months of this year - around EUR 41.7 million, which was 35 percent higher than the loss it posted the same period of last year.

The average room price of Bucharest hotels ranks 22nd in a top of 30 cities based on hotel prices, according to hotel.info, which has put together the top. The average price of a hotel room in Bucharest went up by 3 percent in July, to EUR 81.36, compared to the same month of last year. Compared to June 2008, the room price dropped by 19.4 percent.

Credit Europe Bank will redeem the clients whose bank accounts have been recently wiped out following unauthorized bank transactions. The bank has already repaid the first amounts and says it has the needed cash to cover these payments. It is yet to disclose the total amount which was taken out of customers' accounts.

Romania's wheat crop has been affected by floods and will stay below the expectations this season, although at a higher level than last year, according to the Agriculture Ministry. The country is expected to harvest 5.7 million tonnes of wheat, 1 million tonnes below the expected level. Most of the crop has already been harvested from 98 percent of the land.

Natural gas consumption in Romania reached 78.7 million Mwh in the first six months of the year, which was an increase of 10 percent compared to the same period of last year, according to data from the Energy regulation National Agency (ANRE).

Car maker Ford will start production of a new car in its factory in Romania next year. It will be a small-size car which is not yet in Ford's portfolio, according to John Fleming, head of global manufacturing and labor affairs. 150,000 units of the new car will be produced each year, according to Fleming. Production should start towards September next year.