Romanian Andromede Decor, the owner of gift and home decor retailer bam boo, has entered insolvency procedures in order to reorganize its activity. We started reorganization procedures in order to adapt our business to the realities of the current economy," according to Philippe Eustratiades, manager at Andromede Decor.

Cocor SA, the company which owns Cocor Department Store, doubled its turnover in the fourth quarter of the year compared to the same period of 2009, after the renovation process of the store was finalized. The company posted a EUR 1.95 million turnover in the last quarter of 2010, while its profit was of EUR 651,000. The profit grew from almost EUR 7,000 in the same quarter of 2009.

Romanians who were compensated for their communism-seized property in Fondul Proprietatea stock will not be taxed on the profit achieved in selling the shares on the stock market, according to Dana Mirela Ionescu, head of brokerage firm Raiffeisen Capital&Investment (in picture).

Romanian lender BCR witnessed an increase of 29 percent in the volume of card transactions at retailers in 2010 and plans to grow this volume by 20 percent this year.

Romania will pay the International Monetary Fund interest worth EUR300 million for the loan installments transferred this year. Thus, interest paid this year is similar to the amount paid last year. The first tranche is set for February 1.

Traffic on the Constanta County waterways in southeastern Romania, specifically along the Danube - Black Sea Canal and the Poarta Alba - Midia Navodari Canal, grew by 4.8 million tonnes in volume in by 3 million tonnes of freight 2010 compared to 2009.

Romania’s Government plans to merge three electricity suppliers into a single unit running under state-owned electricity supplier Electrica, according to an official government document obtained by Mediafax newswire.

Swedish fashion retailer H&M will open the first store in Romania in March this year, in AFI Palace Cotroceni and plans to open six stores in the first half of 2011, according to Wall-street.ro. H&M plans to hire at least 300 people in Romania by the end of the year.

Romania’s Government might sell further shares in natural gas producer Romgaz after the company’s floating on the Bucharest Stock Exchange, but it will keep the majority stake, according to an official document obtained by Mediafax newswire.

French retailer Carrefour posted EUR 1.13 billion in sales in Romania last year, down 0.4 percent on the year before. The retailer managed to up its sales by 0.2 percent in the forth quarter of the year, to EUR 327 million.

Romanian Andromede Decor, the owner of gift and home decor retailer bam boo, has entered insolvency procedures in order to reorganize its activity. We started reorganization procedures in order to adapt our business to the realities of the current economy," according to Philippe Eustratiades, manager at Andromede Decor.

Cocor SA, the company which owns Cocor Department Store, doubled its turnover in the fourth quarter of the year compared to the same period of 2009, after the renovation process of the store was finalized. The company posted a EUR 1.95 million turnover in the last quarter of 2010, while its profit was of EUR 651,000. The profit grew from almost EUR 7,000 in the same quarter of 2009.

Romanians who were compensated for their communism-seized property in Fondul Proprietatea stock will not be taxed on the profit achieved in selling the shares on the stock market, according to Dana Mirela Ionescu, head of brokerage firm Raiffeisen Capital&Investment (in picture).

Romanian lender BCR witnessed an increase of 29 percent in the volume of card transactions at retailers in 2010 and plans to grow this volume by 20 percent this year.

Romania will pay the International Monetary Fund interest worth EUR300 million for the loan installments transferred this year. Thus, interest paid this year is similar to the amount paid last year. The first tranche is set for February 1.

Traffic on the Constanta County waterways in southeastern Romania, specifically along the Danube - Black Sea Canal and the Poarta Alba - Midia Navodari Canal, grew by 4.8 million tonnes in volume in by 3 million tonnes of freight 2010 compared to 2009.

Romania’s Government plans to merge three electricity suppliers into a single unit running under state-owned electricity supplier Electrica, according to an official government document obtained by Mediafax newswire.

Swedish fashion retailer H&M will open the first store in Romania in March this year, in AFI Palace Cotroceni and plans to open six stores in the first half of 2011, according to Wall-street.ro. H&M plans to hire at least 300 people in Romania by the end of the year.

Romania’s Government might sell further shares in natural gas producer Romgaz after the company’s floating on the Bucharest Stock Exchange, but it will keep the majority stake, according to an official document obtained by Mediafax newswire.

French retailer Carrefour posted EUR 1.13 billion in sales in Romania last year, down 0.4 percent on the year before. The retailer managed to up its sales by 0.2 percent in the forth quarter of the year, to EUR 327 million.