press review

Thursday headlines: Loans ordinance applied only to new contracts, internet access triples, golf course and sports center in Arad

*Bankers have won the fight for OUG 50 – it will be applied only to new loan contracts – in Ziarul Financiar
*Real: We won’t sell the Romanian division – in Ziarul Financiar
*Paszkany wants to turn a failed real estate investment in Cluj – Tineretului compound – into a solar panels park – in Ziarul Financiar
*Eurostat: Number of houses with Internet access tripled – in Ziarul Financiar

Published by romania insider on December 16th, 2010 at 07:12 am

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Wednesday headlines: labor productivity up, EUR 360 mln WB tranche in January, Mega Image to open Shop&Go

*Basescu about exit from the crisis: in the first quarter, half, the second half of 2011 – in Ziarul Financiar
*Foreign debt costs EUR 3 billion a month since the beginning of the year – in Ziarul Financiar
*Labor productivity increasing. How long will the trend last? – in Ziarul Financiar
*Taher signs sale of 12 hectares in Electroputere – in Ziarul Financiar

Published by romania insider on December 15th, 2010 at 08:12 am

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Tuesday headlines: Vienna trams’ bodies produced in Romania, ‘Blackberry’ made in Romania, Old Town buildings on the verge of collapse

*New highway segment out for bid between Lugoj and Deva: EUR 260 million for 27 km of roads – in Ziarul Financiar
*Vienna trams will have body carriages made in Romania – in Ziarul Financiar
*Lindab expects EUR 25 million in sales for next year, similarly to 2009 – in Ziarul Financiar
*Hornbach expects EUR 93 million from the new Prisma store in 2011 – in Ziarul Financiar

Published by romania insider on December 14th, 2010 at 08:12 am

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Monday headlines: Tesco in talks over Real Hypermarket Romania, new discussions with IMF in January, exports peak in October

*Raiffeisen sells EUR 30 million of retail loans every month, same as in 2009 – in Ziarul Financiar
*120 Romanians pay between EUR 30,000 and EUR 50,000 a year to send their children to foreign private highschools – in Ziarul Financiar
*Exports reach peak in October, at EUR 3.52 billion – in Ziarul Financiar
*Tiriac invests EUR 14 million in expanding the auto network – in Ziarul Financiar

Published by romania insider on December 13th, 2010 at 08:12 am

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Friday headlines: new Carrefour openings, local iPhone 4 battle, cigarette prices up from July, low cost flight move from Baneasa

*Gold sparkles for Romanians, with 40 percent yields a year – in Ziarul Financiar
*150 MPs stay in Centre Ville apartments, where prices start at EUR 2,200 a month – in Ziarul Financiar
*Low-cost flights to move from Baneasa – in Ziarul Financiar
*Carrefour enters Botosani, a city avoided by large retailers – in Ziarul Financiar

Published by romania insider on December 10th, 2010 at 08:12 am

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Thursday headlines: new Fiscal Code changes, Google Street View in Romania, Metro opens new store

*Ten ministers have EUR 4 billion for investments in 2011. What will they spend it on? – in Ziarul Financiar
*New Vodafone executive director: we will invest EUR 500 million in the next five years – in Ziarul Financiar
*Volksbank, the sixth bank on the local market, is up for sale. Will buyers step in? – in Ziarul Financiar
*Google launches Street View in eight Romanian cities – in Ziarul Financiar

Published by romania insider on December 9th, 2010 at 08:12 am

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Wednesday headlines: Blue Tower apartment project goes bankrupt, new Hornbach EUR 30 mln store, owner of Unirea store in forced execution

*Owner of Unirea Shopping Center, forced executed by AVAS (Authority for State Assets Recovery) – in Ziarul Financiar
*Head of Hidroelectrica, in conflict with the Fondul Proprietatea administrator – in Ziarul Financiar
*CFR: 41 km of railways with EUR 280 million – in Ziarul Financiar
*Google starts hiring in Romania – in Ziarul Financiar

Published by romania insider on December 8th, 2010 at 08:12 am

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Tuesday headlines: new clinic at Unirea, Ferrari dealer outsells 2010 threshold, first McCafe in Bucharest, Google’s online bookstore

*After six years of mandate, president offers no support for Romanian capital abroad, either investments or export – in Ziarul Financiar
*Fiscal council: the 2011 budget was built based on unknown laws – in Ziarul Financiar
*Enel has green energy for 35,000 houses – in Ziarul Financiar
*EUR 4 million clinic in Unirea store – in Ziarul Financiar

Published by romania insider on December 7th, 2010 at 08:12 am

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Monday headlines: Cosmote leaves America House HQ, new head for Philip Morris, energy giants ready next year

*Nicolae Danila, the wealthiest Romanian banker, has EUR 21 million in liquid assets. How he hedges against risk: has accounts with 15 banks – in Ziarul Financiar
*BCR lost EUR 120 million from clients who refinanced loans with other banks – in Ziarul Financiar
*Deutsche Telekom will invest EUR 1 billion in South Eastern Europe – in Ziarul Financiar
*One in three Romanians won’t buy Christmas gifts – in Ziarul Financiar

Published by romania insider on December 6th, 2010 at 09:12 am

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Friday headlines: ABC Data buys Scop Computers, Medicover plans to double sales, new Ford Romania GM, World Cups in Russia and Qatar

*Consumption survives after VAT increase and drop in salaries – in Ziarul Financiar
*Medicover plans to double sales and add 500 employees – in Ziarul Financiar
*Owner of AFI Palace Cotroceni delays Warsaw stock exchange listing – in Ziarul Financiar
*The second management change in Ford Romania in less than two months – in Ziarul Financiar

Published by romania insider on December 3rd, 2010 at 08:12 am

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Thursday headlines: Fondul Proprietatea threatens to go to court, Tarom cancels all flights, Petrom City opens today

*Fondul Proprietatea moves to court the fight for Romgaz’ money – in Ziarul Financiar
*France say Romania is riskier than Spain – in Ziarul Financiar
*Oradea builds industrial park with EUR 10 million – in Ziarul Financiar
*Piraeus makes EUR 147 million revenues form Romanian operations in nine months – in Ziarul Financiar

Published by romania insider on December 2nd, 2010 at 08:12 am

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Wednesday headlines: RCS & RDS launches TV station, Romania gets 2% of allotted EU funds, WikiLeaks paves way for Obama critics

*The first economy revival signs emerge. The question is, how solid are they? – in Ziarul Financiar
*Isarescu: we have reduced the interest rate, but banks have not – in Ziarul Financiar
*Oprescu expects Lia Manoliu stadium and Basarab passage in 2011 but doesn’t announce any other major projects – in Ziarul Financiar
*Romania got less than 2% of the allotted EU funds. The remainder needs to be used in the next three years – in Ziarul Financiar

Published by romania insider on December 1st, 2010 at 08:12 am

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Tuesday headlines: Floreasca Business Park sold, Publicis agency sold, Fondul Proprietatea listing announced, Raiffeisen profit doubles

*The biggest mall on the stock exchange gained EUR 8 million in a day – in Ziarul Financiar
*How are the millions of euros invested in wind mills recovered? By a 30% increase in the energy bill – in Ziarul Financiar
*Halving of provisions lead to double profit for Raiffeisen in Romania in the third quarter – in Ziarul Financiar
*Head of Rolang Berger Romania, promoted to regional level – in Ziarul Financiar

Published by romania insider on November 30th, 2010 at 08:11 am

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Monday headlines: Garrigues closes down Bucharest office, state wants EUR 1 bln on Romtelecom stake, Basarab passage opened in March 2011

*Four mall in Bucharest worth over EUR 1 billion. Will they find buyers? – in Ziarul Financiar
*2011 budget proposes drastic drop in expenses, 2.2 percent of the GDP – in Ziarul Financiar
*Romania faced five financial crises in the last five years due to the lack of financial education – in Ziarul Financiar
*Banca Transilvania raised EUR 26 million from investors in the first share issuance since the beginning of crisis – in Ziarul Financiar

Published by romania insider on November 29th, 2010 at 08:11 am

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Friday headlines: Romania takes EUR 1.3 mln from banks, 2 mln Facebook users in Romania, e-portal partial launch in December

*15% increase in salaries for state employees will cost state EUR 1.4 billion – in Ziarul Financiar
*Atenor Group builds office building in Pipera with its own funds – in Ziarul Financiar
*The high prices of gold puts pressure on jewelry trade – in Ziarul Financiar
*Developers finalized 3,000 new apartments in Titan, the Bucharest neighbourhoods with the biggest investments in residential – in Ziarul Financiar

Published by romania insider on November 26th, 2010 at 08:11 am

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Thursday headlines: salary unitary law approved, event halls- 80% booked for Christmas

*The Government approved unitary salary law: 15% increase of the base salary every year – in Ziarul Financiar
*IMF and Fiscal Council criticize the income tax drop from 16 to 10% – in Ziarul Financiar
*Ovidiu Buluc, HelpNet: Four out of ten pharmacies are making losses – in Ziarul Financiar
*Alpha made EUR 10 million gross profit in the third quarter, up 23% – in Ziarul Financiar

Published by romania insider on November 25th, 2010 at 08:11 am

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Wednesday headlines: MPs vote for 10% flat tax, EUR up to RON 4.31 as tension increases, new P&G project, more Austrians come to Romania

*Euro goes up to RON 4.31, tension builds up again – in Ziarul Financiar
*Tuborg shareholders bring 46-year old Israeli to replace Shachar Shaine – in Ziarul Financiar
*Head of P&G is optimistic: he sees economic growth in spring – in Ziarul Financiar
*Number of Austrians who came to Romania in the first nine months grows by 0.6% to 139,000 people – in Ziarul Financiar

Published by romania insider on November 24th, 2010 at 02:11 am

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Tuesday headlines: 0.4 mln Romanians using private health care services, Romanian managers replace expats, 330 cars sold a day

*400,000 Romanians chose private medical care – in Ziarul Financiar
*Car center in mall: Grand Arena tries to attract visitors. Decathlon comes in December – in Ziarul Financiar
*Ropharma shares on the Bucharest Stock Exchange tomorrow – in Ziarul Financiar
*Firms replace expat managers with Romanians who worked abroad and reduce their salary costs by 20 percent – in Ziarul Financiar

Published by romania insider on November 23rd, 2010 at 08:11 am

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Monday headlines: state to raise EUR 1 bln this week, Shachar Shaine leaves Tuborg Romania, Mercedez Benz on BSE

*Finance Ministry has to raise EUR 1 billion from banks on Thursday – in Ziarul Financiar
*Only 14% of Romanian got a holiday during July – September – in Ziarul Financiar
*OTP lost EUR 7 million in the third quarter. Pressure moves to mortgage loans – in Ziarul Financiar
*Sanofi- Aventis, close to finalizing move of ten products to Bucharest. Exports start in in February – March – in Ziarul Financiar
*Romanians spend EUR 100 million a year on construction tools – in Ziarul Financiar

Published by romania insider on November 22nd, 2010 at 08:11 am

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Friday headlines: Ursus closes down Cluj factory, HP hires 600 people, Deloitte could take over Roland Berger, GM’s successful IPO

*Leasing market hasn’t stopped its fall and is down 27% in nine months – in Ziarul Financiar
*Liliana Solomon: the Vodafone Romania CEO mandate was the best period of my career so far – in Ziarul Financiar
*Ursus closes down Cluj factory. Ursus and Azuga to be produced in Buzau, Timisoara and Brasov – in Ziarul Financiar
*OTE and Deutsche Telekom give one of the most important positions in Romtelecom to Romanian – in Ziarul Financiar

Published by romania insider on November 19th, 2010 at 08:11 am

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Thursday headlines: state seeking EUR 150 mln from EC for airports, Govt. plans fiscal police

*How did entrepreneur Ioan Ciolan restructure the Ambient business, from EUR 20 mln loss – in Ziarul Financiar
*Airports with under a million passenger traffic a year need EUR 150 million to develop – in Ziarul Financiar
*Large stock market players invest millions of lei in Fondul Proprietatea – in Ziarul Financiar
*The Government sets up the Fiscal Police – in Ziarul Financiar

Published by romania insider on November 18th, 2010 at 08:11 am

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Wednesday headlines: highest inflation in the EU, EUR 5 bln of state debt, local car market down two places

*State debt jumps to EUR 5 billion in an year, while banks’ debt down by EUR 1 billion – in Ziarul Financiar
*Alro makes the profit planned for the entire year in the third quarter – in Ziarul Financiar
*More expensive drugs ups profits for Antibiotice and Zentiva – in Ziarul Financiar
*Orange offers access to news websites for EUR 2 a month – in Ziarul Financiar

Published by romania insider on November 17th, 2010 at 08:11 am

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Tuesday headlines: 0.2% economic growth forecast for 2011, airport check for Schengen area, EUR 10 mln from EBRD to BRD

*Economic growth for 2011 is better seen after the third quarter results – in Ziarul Financiar
*Loans for individuals, the hope of banks for the fourth quarter – in Ziarul Financiar
*Mihai Rohan leaves Carpatcement – in Ziarul Financiar
*The crucial test for Schengen area: the airport check – in Ziarul Financiar
*Unhappy Volksbank customers asking bank to discontinue installments – in Ziarul Financiar

Published by romania insider on November 16th, 2010 at 08:11 am

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Monday headlines: Patriciu invests EUR 100 mln in Mic.ro mobile network, lower rent budget for expats, Barasab passage, 95% finalized

*National Bank officials about the possibility to exit crisis: the budget adjustment is just the start of reforms – in Ziarul Financiar
*Patriciu wants to invest EUR 100 million in putting Mic.ro on wheels – in Ziarul Financiar
*Astra profit grows four times in nine months to EUR 4.3 million – in Ziarul Financiar
*Ardaf won EUR 2.6 million but its business dropped 23 percent – in Ziarul Financiar
*BCR Life Insurance sees business up 37 percent – in Ziarul Financiar

Published by romania insider on November 15th, 2010 at 08:11 am

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Friday headlines: Electroputere mall opens in 2011, A&D Pharma stays on growth, people borrow money to survive, study shows

Several companies announced their financial results yesterday and the Romanian media was quick to capture them: A&D Pharma, Rompetrol Rafinare, Ranbaxy, Edy International Spedition. Most of them posted positive results, which trigger hopes of growth for the future too. Meanwhile, a new real estate investment was announced: the Electroputere shopping center in Craiova, which will include an Auchan hypermarket and several other retail brands from the portfolio owned by billionaire family Mulliez, writes the local media. Read more headlines from the Romanian and international media.

Published by romania insider on November 12th, 2010 at 08:11 am