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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.

03 August 2010

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.

03 August 2010

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.

03 August 2010

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.

03 August 2010

Real estate developer Atrium European Real Estate has appointed Jorg Banzhaf as chief investment officer. Banzhaf will be responsible for the management and co-ordination of Atrium’s planned investment program as the Company continues to seek out opportunities for growth.

03 August 2010

The Romanian citizens of Rroma ethnicity which will be repatriated from France will be included in the society through common Romanian – French programs which will be funded with European money. The two countries will together obtain the funds needed to create these programs.

03 August 2010

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.

03 August 2010

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.

03 August 2010

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

02 August 2010

Romania's tourism Brand Council, which held e meeting earlier today, has recommended the country kept the leaf in its recently launched logo, according to Paul Marasoiu, council member.

02 August 2010

It's an August full of concerts in Romania – and most of them cater to the taste of rock music lovers and send them out of the capital city. Four rock festivals and the Iron Maiden concert can be the perfect getaway in Romania this month.

02 August 2010

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.

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