Nikken, a wellness products direct selling company which has recently officially entered the Romanian market, plans to reach a network of at least 3,000 consultants in Romania, from the current network of around 700 people, Romania-Insider.com has learned. Nikken currently operates directly from its UK based company Nikken UK Ltd, while being registered for VAT in Romania and having products approved by Romanian authorities, Janne Heimonen, head of sales and marketing with Nikken Europe told Romania-Insider.com.

Foreign direct investments to Romania dropped by 25.6 percent in the first 11 months of 2010 in Romania, to EUR 2.27 billion and they managed to cover only about half of the account deficit, according to data from the Romanian Central Bank.

Romania has received vegetable oil and oleaginous products import requests from several countries, among which Jordan and Tunisia, according to Valeriu Tabara, the Romanian Agriculture Minister, quoted by Mediafax newswire.

Romania’s state-owned railway company CFR SA will modernize ten train stations in the country for an estimated RON 332.8 million net of VAT, EUR 96.7 million including VAT, the company said on Thursday. CFR will organize four auctions for execution works.

Romanian state-owned gas producer Romgaz Medias posted a turnover of EUR 808 million last year and a profit of EUR 121 million. The turnover was slightly higher than in the previous year, while the profit went down 12 percent.

Telecom company Romtelecom will sack up to 1,400 people this year, part of its previously started cost reduction program. “Our long term concern is to have a viable, strong and active company. These projects involve not only a drop in the number of employees. However, many of the projects we consider include a staff reduction, considering that our aim is to do more with fewer resources,” said Yorgos Ioannidis, general manager of Romtelecom.

Romania has pledged to make changes to the Emergency Ordinance 50/2010 in order to receive the sixth tranche of the loan from the International Monetary Fund (IMF), although local authorities have denied it in the past.

The price of gas went up by 30 percent in Romania last year, according to the National Union of Transporters in the country. The price of gas in Romania, without taxes, is higher than in other European countries without own resources and without maritime access. Taxes- excises and VAT- make up for around 45 percent of the price of gas in Romania.

Private healthcare services operator Centrul Medical Unirea (CMU) has taken three loans from Raiffeisen Bank totaling EUR 18.32 million, to expand its network with a hospital and three clinics. Some of the amount will also be used to new equipments and for hiring medical staff.

The World Bank will discuss on its January 20 Management Council meeting whether to grant Romania a second development policies loan, worth some EUR 300 million.

Nikken, a wellness products direct selling company which has recently officially entered the Romanian market, plans to reach a network of at least 3,000 consultants in Romania, from the current network of around 700 people, Romania-Insider.com has learned. Nikken currently operates directly from its UK based company Nikken UK Ltd, while being registered for VAT in Romania and having products approved by Romanian authorities, Janne Heimonen, head of sales and marketing with Nikken Europe told Romania-Insider.com.

Foreign direct investments to Romania dropped by 25.6 percent in the first 11 months of 2010 in Romania, to EUR 2.27 billion and they managed to cover only about half of the account deficit, according to data from the Romanian Central Bank.

Romania has received vegetable oil and oleaginous products import requests from several countries, among which Jordan and Tunisia, according to Valeriu Tabara, the Romanian Agriculture Minister, quoted by Mediafax newswire.

Romania’s state-owned railway company CFR SA will modernize ten train stations in the country for an estimated RON 332.8 million net of VAT, EUR 96.7 million including VAT, the company said on Thursday. CFR will organize four auctions for execution works.

Romanian state-owned gas producer Romgaz Medias posted a turnover of EUR 808 million last year and a profit of EUR 121 million. The turnover was slightly higher than in the previous year, while the profit went down 12 percent.

Telecom company Romtelecom will sack up to 1,400 people this year, part of its previously started cost reduction program. “Our long term concern is to have a viable, strong and active company. These projects involve not only a drop in the number of employees. However, many of the projects we consider include a staff reduction, considering that our aim is to do more with fewer resources,” said Yorgos Ioannidis, general manager of Romtelecom.

Romania has pledged to make changes to the Emergency Ordinance 50/2010 in order to receive the sixth tranche of the loan from the International Monetary Fund (IMF), although local authorities have denied it in the past.

The price of gas went up by 30 percent in Romania last year, according to the National Union of Transporters in the country. The price of gas in Romania, without taxes, is higher than in other European countries without own resources and without maritime access. Taxes- excises and VAT- make up for around 45 percent of the price of gas in Romania.

Private healthcare services operator Centrul Medical Unirea (CMU) has taken three loans from Raiffeisen Bank totaling EUR 18.32 million, to expand its network with a hospital and three clinics. Some of the amount will also be used to new equipments and for hiring medical staff.

The World Bank will discuss on its January 20 Management Council meeting whether to grant Romania a second development policies loan, worth some EUR 300 million.