Oil company OMV Petrom (BVB symbol: SNP) has signed an agreement with Petrofac, the oil and gas facilities service provider, for the management of operations in nine oil fields in Ticleni area, South – West Romania. This should result in a 50 percent increase in production for the next five years.

Car prices dropped by over 10 percent last year in Romania, which represented one of the biggest price reductions in the European Union, after those in Slovenia, Latvia and Slovakia, according to a report from the European Commission.

Bucharest will have the highest development pace in Europe in the next five years, according to an Oxford Economics study, quoted by Mediafax newswire

Romanian media, EUR 11.3 billion businesses insolvent in 28 months – in Ziarul Financiar, Economy unlikely to rebound unless lending market improves– in Ziarul Financiar, The billion-RON Fondul Proprietatea dividends closer to being distributed– in Ziarul Financiar, ButanGas sets its sights on wind power development– in Ziarul Financiar, Breath of fresh air for car market: 12% higher sales in June– in Ziarul Financiar, Unilever gets licence for Rom, brings third local brand onto ice cream market– in Ziarul Financiar

US company Lufkin Industries, Inc. (Nasdaq: LUFK) has announced its plans to build a manufacturing facility near Ploiesti, with an investment of USD 126 million. This facility will manufacture products for both the company's oilfield and power transmission divisions with an initial focus on oilfield products.

Romanian media

Mittal posts biggest loss in Romania - 334 million euros – in Ziarul Financiar

Duster drives production of Dacia plant to 1,000 vehicles a day – in Ziarul Financiar

Canada's Celestica hires 900 people in Bihor – in Ziarul Financiar

The first 300 kilometers of the Netcity telecommunication network could be finalized by 2011, which is 35 percent of the...

Several buildings in the old part of Bucharest, opposite the Romanian Central Bank (BNR) headquarters will be demolished...

Car maker Dacia sold 19,200 cars in Romania in the first half of this year, which has triggered a market share of 33.5 percent, the company has announced. Its market share went up by 3.5 percentage points compared to last year. The biggest export destinations for Dacia were France, with 64,000 units, Germany, with 17,000 and Italy, with 13,700.

French-owned bank BRD has granted EUR 250 million of mortgage loans under the First House program within the previous 12 months. BRD covered 28 percent of the total volume of loans granted by banks under this program since its start one year ago.

Oil company OMV Petrom (BVB symbol: SNP) has signed an agreement with Petrofac, the oil and gas facilities service provider, for the management of operations in nine oil fields in Ticleni area, South – West Romania. This should result in a 50 percent increase in production for the next five years.

Car prices dropped by over 10 percent last year in Romania, which represented one of the biggest price reductions in the European Union, after those in Slovenia, Latvia and Slovakia, according to a report from the European Commission.

Bucharest will have the highest development pace in Europe in the next five years, according to an Oxford Economics study, quoted by Mediafax newswire

Romanian media, EUR 11.3 billion businesses insolvent in 28 months – in Ziarul Financiar, Economy unlikely to rebound unless lending market improves– in Ziarul Financiar, The billion-RON Fondul Proprietatea dividends closer to being distributed– in Ziarul Financiar, ButanGas sets its sights on wind power development– in Ziarul Financiar, Breath of fresh air for car market: 12% higher sales in June– in Ziarul Financiar, Unilever gets licence for Rom, brings third local brand onto ice cream market– in Ziarul Financiar

US company Lufkin Industries, Inc. (Nasdaq: LUFK) has announced its plans to build a manufacturing facility near Ploiesti, with an investment of USD 126 million. This facility will manufacture products for both the company's oilfield and power transmission divisions with an initial focus on oilfield products.

Romanian media

Mittal posts biggest loss in Romania - 334 million euros – in Ziarul Financiar

Duster drives production of Dacia plant to 1,000 vehicles a day – in Ziarul Financiar

Canada's Celestica hires 900 people in Bihor – in Ziarul Financiar

The first 300 kilometers of the Netcity telecommunication network could be finalized by 2011, which is 35 percent of the...

Several buildings in the old part of Bucharest, opposite the Romanian Central Bank (BNR) headquarters will be demolished...

Car maker Dacia sold 19,200 cars in Romania in the first half of this year, which has triggered a market share of 33.5 percent, the company has announced. Its market share went up by 3.5 percentage points compared to last year. The biggest export destinations for Dacia were France, with 64,000 units, Germany, with 17,000 and Italy, with 13,700.

French-owned bank BRD has granted EUR 250 million of mortgage loans under the First House program within the previous 12 months. BRD covered 28 percent of the total volume of loans granted by banks under this program since its start one year ago.