Family Frost, a vending vans retail company which had entered the local market in 2008, announced its exit from Romania due to lower than expected sales, according to Romanian newspaper Ziarul Financiar, quoting company representatives.

The Romanian technical consumer goods market has slowed down its decrease in the second quarter of the year, with sales only 15 percent lower compared to the same period of last year, found a monitoring by GfK. However, the value of this market segment was slightly lower compared to the first quarter and the negative tendency could continue, if we take into account the VAT increase from July 1st.

Romanian Railways (CFR) Calatori employees will enter a period of 60 days of technical unemployment, a period during which they will receive 75 percent of their basic salary, the company has announced. The measure will be applied to all of CFR Calatori's employees, 15,000 people, including management, who will take turns in staying at home for 60 days until the end of the year.

The Romanian Ministry of Public Finances will organize a bid for discounted treasury certificates on Monday, with an estimated value of RON 800 million (around EUR 188 million). The ministry is planning to organize bids and raise as much as RON 4.6 billion (around EUR 1 billion) in August, through seven treasury and bonds issuances.

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.

Family Frost, a vending vans retail company which had entered the local market in 2008, announced its exit from Romania due to lower than expected sales, according to Romanian newspaper Ziarul Financiar, quoting company representatives.

The Romanian technical consumer goods market has slowed down its decrease in the second quarter of the year, with sales only 15 percent lower compared to the same period of last year, found a monitoring by GfK. However, the value of this market segment was slightly lower compared to the first quarter and the negative tendency could continue, if we take into account the VAT increase from July 1st.

Romanian Railways (CFR) Calatori employees will enter a period of 60 days of technical unemployment, a period during which they will receive 75 percent of their basic salary, the company has announced. The measure will be applied to all of CFR Calatori's employees, 15,000 people, including management, who will take turns in staying at home for 60 days until the end of the year.

The Romanian Ministry of Public Finances will organize a bid for discounted treasury certificates on Monday, with an estimated value of RON 800 million (around EUR 188 million). The ministry is planning to organize bids and raise as much as RON 4.6 billion (around EUR 1 billion) in August, through seven treasury and bonds issuances.

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.