Star Storage, a company which specializes in data storage and information management, grew its turnover by 51 percent in the first half of the year, to EUR 7.8 million, compared to the first six months of last year. The company hopes to achieve an overall increase of 30 percent for the entire year, reaching EUR 18 million in turnover.

The unemployment level in Romania should stay at a stable rate towards the end of the year, said Romanian Labor Minister Mihai Seitan. “I don't expect an increase to a level higher than what it was in December lats year – 8.3 or 8.1. I can't give specific numbers, but anyway, it won't be higher than the level at the end of last year,” said Seitan.

Car dealer Romcar, part of Tiriac Holdings, which has previously sold Ford cars in Romania, will become a car parts distribution company for the TiriacAuto dealers network, according to Ziarul Financiar, quoting Alexandru Ion Tiriac.

Pambac Bacau, which produces bread and bakery products, has seen its profit shrinking by 25 percent in the first half of the year, as Romanians started to buy cheaper products.

The Government doesn't take into account, but is not ruling out either a new agreement with the International Monetary Fund, according to Romanian Finance Minister Sebastian Vladescu. The Romanian Government will analyze the need for a new agreement, hence a new round of financing from the IMF, at the end of this year, he also said.

Romanian Prime Minister Emil Boc will meet the International Monetary Fund delegation today, which is the second to last day of the IMF review mission in Romania. The meeting will start at 09,30.

German media company Waz (Westdeutsche Allgemeine Zeitung), one of the owners of Romania Libera newspaper, intends to withdraw from the Romanian and Serbian markets by the end of this year, according to handelsblatt.com. The group's strategy involves withdrawal from the entire Balkan area, according to Bodo Hombach, the group's CEO

Japanese car market Infiniti sold six cars in Romania since the beginning of the year, which was higher than qhat it has sold during the same period of last year: one Infiniti car.

The local subsidiary of Oracle Corporation, signed a five-year agreement for a 14,000 sqm office area in two office buildings, Oracle Tower and Nusco Tower, according to The Advisers/Knight Frank, who represented Oracle in the deal. Oracle will move to the new premises in Nusco Tower starting this autumn.

Den Braven Group, which has been recently taken over by financial companies Egeria and Wagram in an EUR 1 billion deal, will invest in expanding production capacities in Romania. The local subsidiary expects to reach a turnover of EUR 60 million within the following three year

Star Storage, a company which specializes in data storage and information management, grew its turnover by 51 percent in the first half of the year, to EUR 7.8 million, compared to the first six months of last year. The company hopes to achieve an overall increase of 30 percent for the entire year, reaching EUR 18 million in turnover.

The unemployment level in Romania should stay at a stable rate towards the end of the year, said Romanian Labor Minister Mihai Seitan. “I don't expect an increase to a level higher than what it was in December lats year – 8.3 or 8.1. I can't give specific numbers, but anyway, it won't be higher than the level at the end of last year,” said Seitan.

Car dealer Romcar, part of Tiriac Holdings, which has previously sold Ford cars in Romania, will become a car parts distribution company for the TiriacAuto dealers network, according to Ziarul Financiar, quoting Alexandru Ion Tiriac.

Pambac Bacau, which produces bread and bakery products, has seen its profit shrinking by 25 percent in the first half of the year, as Romanians started to buy cheaper products.

The Government doesn't take into account, but is not ruling out either a new agreement with the International Monetary Fund, according to Romanian Finance Minister Sebastian Vladescu. The Romanian Government will analyze the need for a new agreement, hence a new round of financing from the IMF, at the end of this year, he also said.

Romanian Prime Minister Emil Boc will meet the International Monetary Fund delegation today, which is the second to last day of the IMF review mission in Romania. The meeting will start at 09,30.

German media company Waz (Westdeutsche Allgemeine Zeitung), one of the owners of Romania Libera newspaper, intends to withdraw from the Romanian and Serbian markets by the end of this year, according to handelsblatt.com. The group's strategy involves withdrawal from the entire Balkan area, according to Bodo Hombach, the group's CEO

Japanese car market Infiniti sold six cars in Romania since the beginning of the year, which was higher than qhat it has sold during the same period of last year: one Infiniti car.

The local subsidiary of Oracle Corporation, signed a five-year agreement for a 14,000 sqm office area in two office buildings, Oracle Tower and Nusco Tower, according to The Advisers/Knight Frank, who represented Oracle in the deal. Oracle will move to the new premises in Nusco Tower starting this autumn.

Den Braven Group, which has been recently taken over by financial companies Egeria and Wagram in an EUR 1 billion deal, will invest in expanding production capacities in Romania. The local subsidiary expects to reach a turnover of EUR 60 million within the following three year