US company Lufkin Industries, Inc. (Nasdaq: LUFK) has announced its plans to build a manufacturing facility near Ploiesti, with an investment of USD 126 million. This facility will manufacture products for both the company's oilfield and power transmission divisions with an initial focus on oilfield products.

Romanian media

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Duster drives production of Dacia plant to 1,000 vehicles a day – in Ziarul Financiar

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The first 300 kilometers of the Netcity telecommunication network could be finalized by 2011, which is 35 percent of the...

Several buildings in the old part of Bucharest, opposite the Romanian Central Bank (BNR) headquarters will be demolished...

Car maker Dacia sold 19,200 cars in Romania in the first half of this year, which has triggered a market share of 33.5 percent, the company has announced. Its market share went up by 3.5 percentage points compared to last year. The biggest export destinations for Dacia were France, with 64,000 units, Germany, with 17,000 and Italy, with 13,700.

French-owned bank BRD has granted EUR 250 million of mortgage loans under the First House program within the previous 12 months. BRD covered 28 percent of the total volume of loans granted by banks under this program since its start one year ago.

It takes 7 procedures and 11 days to establish a foreign-owned limited liability company (LLC or SRL) in Romania (Bucharest), slightly faster than the regional average for Europe and Central Asia but much faster than the IAB global average, according to a recent report published by the World Bank. This sends Romania on the second place, with an index of 89.5 out of 100 points. Slovakia got 92.1 points.

Snacks and chips producer Standard Snacks has entered insolvency at the request of Piraeus Leasing, to whom the snacks producer owes EUR 100,000. Standard Snacks' judiciary administrator is Casa de Insolventa Transilvania.

Romanian media, Meinl, Austrian coffee baron buys back Kandia at five times lower price – in Ziarul Financiar, Foreign banks have maintained their exposure to Romania – in Ziarul Financiar, Alexander Hergan steps down as Avrig 35 chief executive – in Ziarul Financiar, Romanians bet 150m euros on football games and tennis tournaments – in Ziarul Financiar, Finance Ministry goes back on decision to tax interests calculated before July 1 – in Ziarul Financiar,

Kraft Foods has sold Romanian soft cake and sugar confectionery business Cadbury's Kandia-Excelent to Oryxa Capital, an international investment fund, for an undisclosed sum. The sale includes Kandia-Excelent brands, such as Rom, Magura, Kandia, Laura, Sugus and Silvana, related trademarks and the manufacturing facility in Bucharest.

US company Lufkin Industries, Inc. (Nasdaq: LUFK) has announced its plans to build a manufacturing facility near Ploiesti, with an investment of USD 126 million. This facility will manufacture products for both the company's oilfield and power transmission divisions with an initial focus on oilfield products.

Romanian media

Mittal posts biggest loss in Romania - 334 million euros – in Ziarul Financiar

Duster drives production of Dacia plant to 1,000 vehicles a day – in Ziarul Financiar

Canada's Celestica hires 900 people in Bihor – in Ziarul Financiar

The first 300 kilometers of the Netcity telecommunication network could be finalized by 2011, which is 35 percent of the...

Several buildings in the old part of Bucharest, opposite the Romanian Central Bank (BNR) headquarters will be demolished...

Car maker Dacia sold 19,200 cars in Romania in the first half of this year, which has triggered a market share of 33.5 percent, the company has announced. Its market share went up by 3.5 percentage points compared to last year. The biggest export destinations for Dacia were France, with 64,000 units, Germany, with 17,000 and Italy, with 13,700.

French-owned bank BRD has granted EUR 250 million of mortgage loans under the First House program within the previous 12 months. BRD covered 28 percent of the total volume of loans granted by banks under this program since its start one year ago.

It takes 7 procedures and 11 days to establish a foreign-owned limited liability company (LLC or SRL) in Romania (Bucharest), slightly faster than the regional average for Europe and Central Asia but much faster than the IAB global average, according to a recent report published by the World Bank. This sends Romania on the second place, with an index of 89.5 out of 100 points. Slovakia got 92.1 points.

Snacks and chips producer Standard Snacks has entered insolvency at the request of Piraeus Leasing, to whom the snacks producer owes EUR 100,000. Standard Snacks' judiciary administrator is Casa de Insolventa Transilvania.

Romanian media, Meinl, Austrian coffee baron buys back Kandia at five times lower price – in Ziarul Financiar, Foreign banks have maintained their exposure to Romania – in Ziarul Financiar, Alexander Hergan steps down as Avrig 35 chief executive – in Ziarul Financiar, Romanians bet 150m euros on football games and tennis tournaments – in Ziarul Financiar, Finance Ministry goes back on decision to tax interests calculated before July 1 – in Ziarul Financiar,

Kraft Foods has sold Romanian soft cake and sugar confectionery business Cadbury's Kandia-Excelent to Oryxa Capital, an international investment fund, for an undisclosed sum. The sale includes Kandia-Excelent brands, such as Rom, Magura, Kandia, Laura, Sugus and Silvana, related trademarks and the manufacturing facility in Bucharest.