Romanian media Finance Ministry trying to borrow over 4 billion RON – in Ziarul Financiar, LIDL opens first construction sites and gets ready to create web of discount stores – in Ziarul Financiar, Foreign investors: We are disappointed by the Government's decision – in Ziarul Financiar, Cristescu brothers take Faur to Africa– in Ziarul Financiar, Decathlon signs with Immoeast and opens 3,200-sqm store in Cluj – in Ziarul Financiar

The printed media in Romania has seen fallen readership during the 12 months ending in April this year, shows a recent National Readership Study (SNA).
Among the few publications which managed to increase their readership reach during this period were tabloid, Click, with an increase of 4.2 percent, daily Financiarul, with 1.9 percent, Marie Claire glossy magazine, with 4.5 percent, Gazeta Sporturilor, the Sunday edition, with 4.1 percent.

Yahoo! Will offer call center support services for its products in nine languages, among which Romanian in a new call center set up in Cairo, according to the company. The call center will be run by IBM. Support in Romania will be added in later phase, after securing services in Arab, French, German, Italian and Spanish. Romanian, Turkish, Polish and Russian will be added later on.

Local heath care operator MedLife has acquired a Brasov based clinic for a price exceeding EUR 3 million, the company has announced. MedLife has bought an 80 percent package in Policlinca de Diagnostic Rapid in Brasov, one of the biggest private health care operator in the city. The Brasov clinic brings to the network a clinic and two laboratories with a staff of 200. the local clinic posted a turnover of EUR 3 million in 2009.

Romanians have started to buy provisions at lower prices just before the VAT increase, which has left many supermarkets and hypermarkets without stocks for certain production, like oil, sugar and other basic food items. Store like discounter Profi have seen their sale go up by 20 to 30 percent in the last couple of days, compared to the average sales before the VAT hike announcement.

Romanian news Nokia achieves 1 billion-euro business in only three years – in Ziarul Financiar, Food and car sales grow before the VAT increase – in Ziarul Financiar, Finance Minister announces deeper recession than expected in 2010 – in Ziarul Financiar

Drug imports 17 times higher than exports – in Ziarul Financiar

The International Monetary Fund board will meet on Friday, July 2nd, to discuss the fourth revision of the stand-by agreement with Romania, which could unlock the fifth loan installment to Romania, around EUR 900 million. If the board approves this installment, the money should go into the Romanian Central bank reserves within two working days.

Flooding has caused a death toll of 16 so far, with other nine people gone missing, after as many as 28 counties in the country were affected by heavy rain. The flooding is expected to cause damages higher than 0.6 percent of the Romanian GDP, according to Interior Minister Vasile Blaga, who said the country will use the EU solidarity fund for help.

The Romanian currency has further depreciated today and the Romanian Central bank has published a rate of RON 4.35 for an EUR. The US dollar has also strengthened, reaching a record rate of RON 3.56 for a USD.

Housing trading prices in Romania dropped by 3.9 percent in the first quarter of the year compared to the same period of last year, according to the first real estate index published by the Romanian Institute of Statistics (INS). The data collected was based on information provided by notaries starting January 2009.

Romanian media Finance Ministry trying to borrow over 4 billion RON – in Ziarul Financiar, LIDL opens first construction sites and gets ready to create web of discount stores – in Ziarul Financiar, Foreign investors: We are disappointed by the Government's decision – in Ziarul Financiar, Cristescu brothers take Faur to Africa– in Ziarul Financiar, Decathlon signs with Immoeast and opens 3,200-sqm store in Cluj – in Ziarul Financiar

The printed media in Romania has seen fallen readership during the 12 months ending in April this year, shows a recent National Readership Study (SNA).
Among the few publications which managed to increase their readership reach during this period were tabloid, Click, with an increase of 4.2 percent, daily Financiarul, with 1.9 percent, Marie Claire glossy magazine, with 4.5 percent, Gazeta Sporturilor, the Sunday edition, with 4.1 percent.

Yahoo! Will offer call center support services for its products in nine languages, among which Romanian in a new call center set up in Cairo, according to the company. The call center will be run by IBM. Support in Romania will be added in later phase, after securing services in Arab, French, German, Italian and Spanish. Romanian, Turkish, Polish and Russian will be added later on.

Local heath care operator MedLife has acquired a Brasov based clinic for a price exceeding EUR 3 million, the company has announced. MedLife has bought an 80 percent package in Policlinca de Diagnostic Rapid in Brasov, one of the biggest private health care operator in the city. The Brasov clinic brings to the network a clinic and two laboratories with a staff of 200. the local clinic posted a turnover of EUR 3 million in 2009.

Romanians have started to buy provisions at lower prices just before the VAT increase, which has left many supermarkets and hypermarkets without stocks for certain production, like oil, sugar and other basic food items. Store like discounter Profi have seen their sale go up by 20 to 30 percent in the last couple of days, compared to the average sales before the VAT hike announcement.

Romanian news Nokia achieves 1 billion-euro business in only three years – in Ziarul Financiar, Food and car sales grow before the VAT increase – in Ziarul Financiar, Finance Minister announces deeper recession than expected in 2010 – in Ziarul Financiar

Drug imports 17 times higher than exports – in Ziarul Financiar

The International Monetary Fund board will meet on Friday, July 2nd, to discuss the fourth revision of the stand-by agreement with Romania, which could unlock the fifth loan installment to Romania, around EUR 900 million. If the board approves this installment, the money should go into the Romanian Central bank reserves within two working days.

Flooding has caused a death toll of 16 so far, with other nine people gone missing, after as many as 28 counties in the country were affected by heavy rain. The flooding is expected to cause damages higher than 0.6 percent of the Romanian GDP, according to Interior Minister Vasile Blaga, who said the country will use the EU solidarity fund for help.

The Romanian currency has further depreciated today and the Romanian Central bank has published a rate of RON 4.35 for an EUR. The US dollar has also strengthened, reaching a record rate of RON 3.56 for a USD.

Housing trading prices in Romania dropped by 3.9 percent in the first quarter of the year compared to the same period of last year, according to the first real estate index published by the Romanian Institute of Statistics (INS). The data collected was based on information provided by notaries starting January 2009.