The Romanian state is cashing in just a third of the road taxes it should receive due to the lack of an efficient control system, according to the Transport Ministry. The annual road tax potential for the state would be of EUR 500 million, but the actual road tax payments cover only EUR 130 million. This is one of the reasons for which Romania has problems with repairing roads, according to Sorin Sirbu, head of the road transport direction with the Transport Ministry. The extra amounts would still not be enough to cover the required investments in Romania's road infrastructure without a proper budget.

The Romanian Anti-Corruption Body (DNA) has accused local media owner and journalist Dan Diaconescu of blackmailing and...

Local cab company Fly Taxi has recently asked for insolvency, according to Mediafax newswire. The company, owned by businessman Fernando Enciu, has lost its exclusive contract with Otopeni airport after the airport has organized a bid and has chosen several cab companies which are allowed to work in the Otopeni airport area. Fernando Enciu also runs a business in the Great Island of Braila (Insula Mare a Brailei) and owns a 7,000 sqm plot of land close to Herastrau lake.

Swiss energy company Repower has bought 80 percent of the local energy trader Elcomex from Romanian businessman Ion...

Headlines in Romanian media on Monday, June 21st, 2010: Loan installments cost Romanians 5 billion euros a year– in Ziarul Financiar

Tampiza leaves Lukoil Romania after 8 years at the helm – in Ziarul Financiar

Finance Ministry announces 16% tax on interests and luncheon vouchers as of July 1 – in Ziarul Financiar

First official loss of a mall: 40 million euros – in Ziarul Financiar

P&G to produce its first Head & Shoulders shampoo “made in Urlati” in July – in Ziarul Financiar

Cocor expects 10,000 visitors a day – in Ziarul Financiar

Tiago Mall Oradea has been recently sold for EUR 30.5 million to Shopping Center Holding firm, in a bid organized by Casa de Insolventa Transilvania, according to Mediafax newswire. The bid is part of the liquidation process of the mall developer MLS Proiect Oradea, which was a subsidiary of the Irish development group Mivan.

Romania replacing Bulgaria in the South Stream gas pipe project is one of the options taken into account in the feasibility study for the project, said Alexander Medvedev, Gazprom vice president, quoted by RIA Novosti. The energy group is considering shifting the gas pipe course through Romania and will prepare the technical calculation for this option.

The price of premium price in Romania is among the lowest in 38 European states, according to the German association ACE Auto Club Europa. The premium gas price in Romania is of EUR 1.07 per liter, compared to the European average of EUR 1.25 per liter.

Piraeus Bank has sold over 100 kilograms of gold bars and 1,000 gold coins since starting their offer ten months ago. In the last three months the bank has seen more buyers for its gold products and it sold a similar quantity of gold as it has in the first seven months since starting this offer. In total, the bank sold EUR 3 million worth of gold products.

Swedish fashion retailer H&M (Hennes&Mauritz) is currently negotiating its entry in the ParkLake Plaza shopping center...

The Romanian state is cashing in just a third of the road taxes it should receive due to the lack of an efficient control system, according to the Transport Ministry. The annual road tax potential for the state would be of EUR 500 million, but the actual road tax payments cover only EUR 130 million. This is one of the reasons for which Romania has problems with repairing roads, according to Sorin Sirbu, head of the road transport direction with the Transport Ministry. The extra amounts would still not be enough to cover the required investments in Romania's road infrastructure without a proper budget.

The Romanian Anti-Corruption Body (DNA) has accused local media owner and journalist Dan Diaconescu of blackmailing and...

Local cab company Fly Taxi has recently asked for insolvency, according to Mediafax newswire. The company, owned by businessman Fernando Enciu, has lost its exclusive contract with Otopeni airport after the airport has organized a bid and has chosen several cab companies which are allowed to work in the Otopeni airport area. Fernando Enciu also runs a business in the Great Island of Braila (Insula Mare a Brailei) and owns a 7,000 sqm plot of land close to Herastrau lake.

Swiss energy company Repower has bought 80 percent of the local energy trader Elcomex from Romanian businessman Ion...

Headlines in Romanian media on Monday, June 21st, 2010: Loan installments cost Romanians 5 billion euros a year– in Ziarul Financiar

Tampiza leaves Lukoil Romania after 8 years at the helm – in Ziarul Financiar

Finance Ministry announces 16% tax on interests and luncheon vouchers as of July 1 – in Ziarul Financiar

First official loss of a mall: 40 million euros – in Ziarul Financiar

P&G to produce its first Head & Shoulders shampoo “made in Urlati” in July – in Ziarul Financiar

Cocor expects 10,000 visitors a day – in Ziarul Financiar

Tiago Mall Oradea has been recently sold for EUR 30.5 million to Shopping Center Holding firm, in a bid organized by Casa de Insolventa Transilvania, according to Mediafax newswire. The bid is part of the liquidation process of the mall developer MLS Proiect Oradea, which was a subsidiary of the Irish development group Mivan.

Romania replacing Bulgaria in the South Stream gas pipe project is one of the options taken into account in the feasibility study for the project, said Alexander Medvedev, Gazprom vice president, quoted by RIA Novosti. The energy group is considering shifting the gas pipe course through Romania and will prepare the technical calculation for this option.

The price of premium price in Romania is among the lowest in 38 European states, according to the German association ACE Auto Club Europa. The premium gas price in Romania is of EUR 1.07 per liter, compared to the European average of EUR 1.25 per liter.

Piraeus Bank has sold over 100 kilograms of gold bars and 1,000 gold coins since starting their offer ten months ago. In the last three months the bank has seen more buyers for its gold products and it sold a similar quantity of gold as it has in the first seven months since starting this offer. In total, the bank sold EUR 3 million worth of gold products.

Swedish fashion retailer H&M (Hennes&Mauritz) is currently negotiating its entry in the ParkLake Plaza shopping center...