18 August 2010

US company Energiz Renewable has started a joint venture with Canadian company World Renewable Energy Group's local subsidiary (WREG) for several projects in Romania, pending on receiving government grants and finding private financing, romania-insider.com has learned. The company wants to built two solar panels factories in Romania, an investment of USD 64 million, according to Edward T. Whelan, head of Energiz Renewable, quoted by Romanian media.

18 August 2010

Raiffeisen Bank posted a net profit of almost EUR 50 million in the first half of the year, the bank has announced. The bank's operational profit was of EUR 83.8 million – compared to EUR 106.2 million mid-2009. The net profit for the first half this year was close to the value reported after the first half of 2009 – EUR 52.7 million.

18 August 2010

Giuleşti maternity ward disaster reveals bankruptcy of healthcare system- in Ziarul Financiar, Competition levies 1.2m-euro fines on private pension market - in Ziarul Financiar, Octavian Radu's group sales dropped 12% in first half, down to EUR 56 million - in Ziarul Financiar, Domino's Pizza opens first delivery center in Bucharest; wants rapid expansion - in Ziarul Financiar

17 August 2010

Two expat investors, Emmanuel Damanakis of Skepsis Advertising and Konstantinos Kapetanopoulos have taken the license to open the first Haagen Dazs Cafes in Romania, according to Romanian daily Ziarul Financiar. The first such store will be opened in Baneasa Shopping City.

17 August 2010

Romania's GDP could turn negative in real terms in the third quarter of the year due to the public spending cuts and the VAT increase, writes a report issued by BCR. However, the last quarter of the year could bring an improvement, but uncertainties are still high. BCR has kept its economic prognosis to a 3 percent DGP drop for this year.

18 August 2010

US company Energiz Renewable has started a joint venture with Canadian company World Renewable Energy Group's local subsidiary (WREG) for several projects in Romania, pending on receiving government grants and finding private financing, romania-insider.com has learned. The company wants to built two solar panels factories in Romania, an investment of USD 64 million, according to Edward T. Whelan, head of Energiz Renewable, quoted by Romanian media.

18 August 2010

Raiffeisen Bank posted a net profit of almost EUR 50 million in the first half of the year, the bank has announced. The bank's operational profit was of EUR 83.8 million – compared to EUR 106.2 million mid-2009. The net profit for the first half this year was close to the value reported after the first half of 2009 – EUR 52.7 million.

18 August 2010

Giuleşti maternity ward disaster reveals bankruptcy of healthcare system- in Ziarul Financiar, Competition levies 1.2m-euro fines on private pension market - in Ziarul Financiar, Octavian Radu's group sales dropped 12% in first half, down to EUR 56 million - in Ziarul Financiar, Domino's Pizza opens first delivery center in Bucharest; wants rapid expansion - in Ziarul Financiar

17 August 2010

Two expat investors, Emmanuel Damanakis of Skepsis Advertising and Konstantinos Kapetanopoulos have taken the license to open the first Haagen Dazs Cafes in Romania, according to Romanian daily Ziarul Financiar. The first such store will be opened in Baneasa Shopping City.

17 August 2010

Romania's GDP could turn negative in real terms in the third quarter of the year due to the public spending cuts and the VAT increase, writes a report issued by BCR. However, the last quarter of the year could bring an improvement, but uncertainties are still high. BCR has kept its economic prognosis to a 3 percent DGP drop for this year.

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