The effects of the breakdown of negotiations between the International Monetary Fund and Hungary, which were visible on the country's monetary and financial market, could become contagious for other countries in the region, warned Thomas Mirow, head of the European Bank for Reconstruction and Development. Hungarian currency forint went down 3 percent the day after the new broke.

The International Centre for Settlement of Investment Disputes (ICSID) in Washington has decided to close the claim opened by S&T Oil Equipment and Machinery against Romania, Tuca, Zbarcea & Asociatii has announced. The decision was due to the fact that S&T Oil Equipment and Machinery had not paid the required arbitration expenses, so the court has closed the case.

As many as 189 new multinational companies will emerge out of Romania in the following 15 years, according to a recent PricewaterhouseCoopers LLP (PwC) report. Romania will reach a similar level as Ukraine, with 192 new multinational companies in the next 15 years and Hungary, with 221.

The American Chamber of Commerce in Romania (AmCham Romania), which has recently organized a round table on labor issues, has asked for a sound education system, connected to the economic and social realities. “This will ensure a competitive human capital, able to deal with the changes of a changing economy and more sophisticated demands regarding performance and competence standards,” writes the AmCham in a statement.

Israeli developer Euro Habitat, which has been working on the Planorama residential projects in Bucharest, has entered insolvency at the end of June, according to Ziarul Financiar.
Euro Habitat, told the buyers of apartment in Planorama that the company was not asked to participate in court when the insolvency was decided.

Romanian media

Planorama enters insolvency- in Ziarul Financiar

Patriciu builds office building in Bucharest's most...

The Iraq Wheat Council has bought 50,000 tonnes of wheat from Romania for around USD 13 million, according to Reuters newswire. This means Romania sold wheat at a price of USD 258 per ton.

International chain Domino's Pizza will enter the Romanian market through a franchise taken by the Radacini car dealership, according to Ziarul Financiar, quoting sources on the market. The new franchise will be launched next month, when it will open a delivery center in the Northern part of Bucharest, becoming a competitor for Pizza Hut chain.

Banca Comercial Romana (BCR) will restructure loans for its customers who can't keep up with paying their bills, mainly targeting the state budget employees, but including all customers who have seen decreasing revenues. These employees make up to 30 percent of the bank's customers.

BMW sold 689 cars in Romania in the first half of this year and will launch the second generation of the BMW X3 car (in...

The effects of the breakdown of negotiations between the International Monetary Fund and Hungary, which were visible on the country's monetary and financial market, could become contagious for other countries in the region, warned Thomas Mirow, head of the European Bank for Reconstruction and Development. Hungarian currency forint went down 3 percent the day after the new broke.

The International Centre for Settlement of Investment Disputes (ICSID) in Washington has decided to close the claim opened by S&T Oil Equipment and Machinery against Romania, Tuca, Zbarcea & Asociatii has announced. The decision was due to the fact that S&T Oil Equipment and Machinery had not paid the required arbitration expenses, so the court has closed the case.

As many as 189 new multinational companies will emerge out of Romania in the following 15 years, according to a recent PricewaterhouseCoopers LLP (PwC) report. Romania will reach a similar level as Ukraine, with 192 new multinational companies in the next 15 years and Hungary, with 221.

The American Chamber of Commerce in Romania (AmCham Romania), which has recently organized a round table on labor issues, has asked for a sound education system, connected to the economic and social realities. “This will ensure a competitive human capital, able to deal with the changes of a changing economy and more sophisticated demands regarding performance and competence standards,” writes the AmCham in a statement.

Israeli developer Euro Habitat, which has been working on the Planorama residential projects in Bucharest, has entered insolvency at the end of June, according to Ziarul Financiar.
Euro Habitat, told the buyers of apartment in Planorama that the company was not asked to participate in court when the insolvency was decided.

Romanian media

Planorama enters insolvency- in Ziarul Financiar

Patriciu builds office building in Bucharest's most...

The Iraq Wheat Council has bought 50,000 tonnes of wheat from Romania for around USD 13 million, according to Reuters newswire. This means Romania sold wheat at a price of USD 258 per ton.

International chain Domino's Pizza will enter the Romanian market through a franchise taken by the Radacini car dealership, according to Ziarul Financiar, quoting sources on the market. The new franchise will be launched next month, when it will open a delivery center in the Northern part of Bucharest, becoming a competitor for Pizza Hut chain.

Banca Comercial Romana (BCR) will restructure loans for its customers who can't keep up with paying their bills, mainly targeting the state budget employees, but including all customers who have seen decreasing revenues. These employees make up to 30 percent of the bank's customers.

BMW sold 689 cars in Romania in the first half of this year and will launch the second generation of the BMW X3 car (in...