After focusing on opening supermarkets since the beginning of the year, French retailer Carrefour will open a new hypermarket in Romania. The retailer's 23rd unit will be located in Drobeta Turnu Severin and will cover 7,100 sqm. This is the first hypermarket opened by Carrefour in the last year and a half. The opening is scheduled for Wednesday, August 25, within Severin Shopping Center. The retailer did not announce the value of the investment in this new store.

More than 65 percent of Internet users said they were influenced by online advertising and spread out messages related to brands, product and services they see online, found a recent study by IAB Romania and eResearch Corp.

Romania's car production could go up by as much as 75 percent in 2014 compared to last year, to around 520,000 units produced locally, according to a recent study by PricewaterhouseCoopers (PwC). This would be the third fastest growth pace in Central and Eastern Europe.

Utilities, oil and gas and pharmaceutical companies had the best performances in the first half of the year among the Bucharest Stock Exchange listed companies, according to a recent report by brokerage company Tradeville. Chemical, metallurgical and car industries, which posted poorer financial results, but which witnessed a positive variation against the BET index.

State-owned company Nuclearelectrica, which administrates the two nuclear reactors in Cernavoda, posted a loss of around EUR 46 million in the first six months of the year. The company turned to loss after making a gross profit of around EUR 25.6 million in the first six months of last year.

Banks keep small clients locked in high interest loans, accuse business people – in Ziarul Financiar, IKEA- Land prices are still high – in Ziarul Financiar, Consumer protection: Banks the keep the current level of interest only if the clients agree – in Ziarul Financiar, Berceanu fires 8,000 railway workers to save EUR 187 million – in Ziarul Financiar, Public debt goes down by 36.4% of GDP mid-year – in Gandul, Rosia Montana: The journalists who were tempted to New Zealand say they're on holiday – on Adevarul.ro

The Romanian Railways Company (CFR) will have to axe between 7,100 and 8,300 people by 2011, which would lead to savings of around EUR 187 million next year, according to Transport Ministry's restructuring strategy for CFR.

Swedish retailer Ikea will drop prices by 12 percent on an average from the beginning of September, on over 4,000 products it sells in its Bucharest store. Ikea has launched the 2011 catalog, which will have 1,700 items with lower prices, according to the retailer.

Banks active in Romania don't expect a comeback in the lending activity in the following period, as the second quarter of the year brought along tougher lending conditions, found a survey by the Romanian Central Bank (BNR). However, mortgage loans will be the exception.

The six seats in the Fondul Proprietatea surveillance committee has attracted 13 candidates who have applied for six spots in the committee. While most of them have been openly linked to political ties, two come from the private sector. Radu Florescu, CEO of Saatchi & Saatchi and Sorin Mindrutescu (in picture), general manager of Oracle Romania and head of the American Romanian Chamber of Commerce (AmCham),according to local newspaper Ziarul Financiar.

After focusing on opening supermarkets since the beginning of the year, French retailer Carrefour will open a new hypermarket in Romania. The retailer's 23rd unit will be located in Drobeta Turnu Severin and will cover 7,100 sqm. This is the first hypermarket opened by Carrefour in the last year and a half. The opening is scheduled for Wednesday, August 25, within Severin Shopping Center. The retailer did not announce the value of the investment in this new store.

More than 65 percent of Internet users said they were influenced by online advertising and spread out messages related to brands, product and services they see online, found a recent study by IAB Romania and eResearch Corp.

Romania's car production could go up by as much as 75 percent in 2014 compared to last year, to around 520,000 units produced locally, according to a recent study by PricewaterhouseCoopers (PwC). This would be the third fastest growth pace in Central and Eastern Europe.

Utilities, oil and gas and pharmaceutical companies had the best performances in the first half of the year among the Bucharest Stock Exchange listed companies, according to a recent report by brokerage company Tradeville. Chemical, metallurgical and car industries, which posted poorer financial results, but which witnessed a positive variation against the BET index.

State-owned company Nuclearelectrica, which administrates the two nuclear reactors in Cernavoda, posted a loss of around EUR 46 million in the first six months of the year. The company turned to loss after making a gross profit of around EUR 25.6 million in the first six months of last year.

Banks keep small clients locked in high interest loans, accuse business people – in Ziarul Financiar, IKEA- Land prices are still high – in Ziarul Financiar, Consumer protection: Banks the keep the current level of interest only if the clients agree – in Ziarul Financiar, Berceanu fires 8,000 railway workers to save EUR 187 million – in Ziarul Financiar, Public debt goes down by 36.4% of GDP mid-year – in Gandul, Rosia Montana: The journalists who were tempted to New Zealand say they're on holiday – on Adevarul.ro

The Romanian Railways Company (CFR) will have to axe between 7,100 and 8,300 people by 2011, which would lead to savings of around EUR 187 million next year, according to Transport Ministry's restructuring strategy for CFR.

Swedish retailer Ikea will drop prices by 12 percent on an average from the beginning of September, on over 4,000 products it sells in its Bucharest store. Ikea has launched the 2011 catalog, which will have 1,700 items with lower prices, according to the retailer.

Banks active in Romania don't expect a comeback in the lending activity in the following period, as the second quarter of the year brought along tougher lending conditions, found a survey by the Romanian Central Bank (BNR). However, mortgage loans will be the exception.

The six seats in the Fondul Proprietatea surveillance committee has attracted 13 candidates who have applied for six spots in the committee. While most of them have been openly linked to political ties, two come from the private sector. Radu Florescu, CEO of Saatchi & Saatchi and Sorin Mindrutescu (in picture), general manager of Oracle Romania and head of the American Romanian Chamber of Commerce (AmCham),according to local newspaper Ziarul Financiar.