Romania has set a too optimistic target in joining the Eurozone in 2015, according to Peter Sanfey, chief economist with the European Bank for Reconstruction and Development (EBRD).

Local transport company edy International Spedition posted EUR 49 million in revenues for the first nine months of the year, up 25 percent on the same period last year. This is above the market increase level and was triggered by the increase in volumes and by the optimization measures taken by the company, according to edy International Spedition.

Real estate developers Real4You Immobilien and Oasis Development have invested EUR 7 million in a 4,300 sqm shopping center in Giurgiu called Family Center. The project is anchored by a Kaufland supermarket, on 5,500 sqm, which was finalized in March this year.

TV stations FilmBox Family, FilmBox Extra and FightBox HD will be launched in Romania in the following months, according to Piotr Reich, CEO SPI International. SPI International partners Romtelecom and UPC companies on the Romania market.

Severina Pascu is the new CEO of telecom company UPC Romania, having been promoted from the chief financial officer position, according to Ziarul Financiar, quoting sources in the company.

Health care company A&D Pharma posted sales of EUR 482.2 million in the first nine months of this year, an increase of 32 percent compared to the same period of last year. The amount includes the EUR 16.7 million Q3 revenue from newly acquired Marketing & Sales operations outside of Romania.

Romania's unemployment rate was of 7.08 percent in October, slightly down from 7.35 percent a month earlier, according to the country’s employment agency ANOFM. Romania's jobless rate was 7.1 percent at this time last year.

Local company Remarul 16 Februarie, based in Cluj – Napoca, has signed an agreement with Bombardier Transportation to produce trains of high capacity in Romania. Remarul 16 Februarie will hold the exclusivity in producing and selling AGC trains in six countries in South – Eastern Europe- Romania, Greece, Bulgaria, Croatia, Serbia and Montenegro.

Romania's Culture Ministry will cut 600 jobs in public culture institutions, as well as one vacant state secretary position in its central apparatus, as per decisions adopted in the Government's Wednesday meeting, said minister Hunor Kelemen (in picture).

*BNR about the idea of adding supplementary tax for banks: we will respect the European decision – in Ziarul Financiar
*Unpleasant surprise for Petrom in the third quarter: strong RON and Kazakhstan have taken the company on the loss side – in Ziarul Financiar
*UniCredit's strategy is to increase lending and stop expenses – in Ziarul Financiar
*The Romanian – German Chamber of Commerce proposes a commercial arbitrage court for companies – in Ziarul Financiar
*Cheaper insurance policies brought a drop of business for Allianz – in Ziarul Financiar

Romania has set a too optimistic target in joining the Eurozone in 2015, according to Peter Sanfey, chief economist with the European Bank for Reconstruction and Development (EBRD).

Local transport company edy International Spedition posted EUR 49 million in revenues for the first nine months of the year, up 25 percent on the same period last year. This is above the market increase level and was triggered by the increase in volumes and by the optimization measures taken by the company, according to edy International Spedition.

Real estate developers Real4You Immobilien and Oasis Development have invested EUR 7 million in a 4,300 sqm shopping center in Giurgiu called Family Center. The project is anchored by a Kaufland supermarket, on 5,500 sqm, which was finalized in March this year.

TV stations FilmBox Family, FilmBox Extra and FightBox HD will be launched in Romania in the following months, according to Piotr Reich, CEO SPI International. SPI International partners Romtelecom and UPC companies on the Romania market.

Severina Pascu is the new CEO of telecom company UPC Romania, having been promoted from the chief financial officer position, according to Ziarul Financiar, quoting sources in the company.

Health care company A&D Pharma posted sales of EUR 482.2 million in the first nine months of this year, an increase of 32 percent compared to the same period of last year. The amount includes the EUR 16.7 million Q3 revenue from newly acquired Marketing & Sales operations outside of Romania.

Romania's unemployment rate was of 7.08 percent in October, slightly down from 7.35 percent a month earlier, according to the country’s employment agency ANOFM. Romania's jobless rate was 7.1 percent at this time last year.

Local company Remarul 16 Februarie, based in Cluj – Napoca, has signed an agreement with Bombardier Transportation to produce trains of high capacity in Romania. Remarul 16 Februarie will hold the exclusivity in producing and selling AGC trains in six countries in South – Eastern Europe- Romania, Greece, Bulgaria, Croatia, Serbia and Montenegro.

Romania's Culture Ministry will cut 600 jobs in public culture institutions, as well as one vacant state secretary position in its central apparatus, as per decisions adopted in the Government's Wednesday meeting, said minister Hunor Kelemen (in picture).

*BNR about the idea of adding supplementary tax for banks: we will respect the European decision – in Ziarul Financiar
*Unpleasant surprise for Petrom in the third quarter: strong RON and Kazakhstan have taken the company on the loss side – in Ziarul Financiar
*UniCredit's strategy is to increase lending and stop expenses – in Ziarul Financiar
*The Romanian – German Chamber of Commerce proposes a commercial arbitrage court for companies – in Ziarul Financiar
*Cheaper insurance policies brought a drop of business for Allianz – in Ziarul Financiar