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04 August 2010

Local construction materials producer AdePlast increased its turnover by 25 percent in the first half of the year compared to the same period of last year, to EUR 13.7 million, the company has announced.

04 August 2010

Over 86 percent of Romanians would leave to work abroad, should they have the opportunity, founds a recent study carried on by the recruitment website myjob.ro. Half of the respondents in the study would leave the country to get a job for which they are already qualified, while an extra 25 percent said they would leave the country at any time.

04 August 2010

Cable company UPC Romania posted a one percent increase in its revenues in the second quarter of this year, compared to the same period of last year. However, the company's subscribers dropped in number – down 3.1 percent. The company has lost analog cable customers due to the difficult market conditions, as well as to the promotion of digital and high definition TV services.

04 August 2010

BCR has recently issued bonds worth EUR 3 million on the Luxembourg market. The bonds come with an eight-year timeline and a zero coupon.

04 August 2010

Low cost airline Blue Air will cancel three flights from Arad, Cluj – Napoca and Timisoara to Bucharest and return from August 10, due to the low demand on these routes, according to company representatives quoted by Mediafax newswire.

04 August 2010

The International Monetary Fund was content with the results of discussions in Bucharest, as part of the review mission which should end today, according to the head of the mission, Jeffrey Franks.

04 August 2010

OMV Petrom's net income stood at around EUR 358 million (RON 1.52 billion) in the first half of the year, which is more than four times the profit it made during the same interval last year and almost double the net profit for the entire 2009.

04 August 2010

Italian group UniCredit posted a gross profit of EUR 42 million in the first half of the year in Romania, down 15.5 percent compared to the same period of last year, according to the group's financial results.

04 August 2010

A new group of 44 Peace Corps volunteers will start their two-year mission in Romania this summer, the US Embassy to Romania has announced. The volunteers will be sworn in on Friday, August 6, at the US Embassy in Bucharest.

04 August 2010

Asociaţia Ovidiu Rom and the Ministry of Education, Research, Youth, and Sport (MECTS) are organizing contest among Romanian mayors to get every poor child in their communities in kindergarten this school year. The contest came as an idea from American actor Ethan Hawke

03 August 2010

Nadia Comaneci is probably the most famous Romanian in the world, being the first gymnast to receive a perfect score of ten in an Olympic competition.

03 August 2010

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.

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