Pharmaceutical group A&D Pharma posted a sales figure of EUR 303 million in the first half of this year, up 30 percent on the same period last year, the company has announced. Its net profit went up even more – by 90 percent, to EUR 17.45 million.

Online retailer eMag.ro has sold over 240 products which were mistakenly discounted by more than ten times, due to a website technical error, the company's manager Radu Apostolescu wrote on the firm's website. The mistake has a cost of around RON 132,000 (the equivalent of around EUR 31,000) for eMag.ro, which has decided to validate the sales even so.

The Romanian Finance Ministry will issue EUR 400 million of state titles today on the internal capital market. The acquisition of these state titles will be made through a bidding process.

Mining company Romaltyn Mining Baia Mare, owned by Russian Polyus Group, will invest USD 14 million in mining technologies. The company intends to re-start the gold extraction in the area, but needs to finalize investments beforehand and it hopes to be able to start the processing activity towards the beginning of next year.

Romania is one of the Eastern European markets which looks the most interesting, according to Mark Mobius, the emerging market guru with Templeton Asset Management, in a recent interview published by the Time magazine. But the country comes after Russia, Turkey and Poland.

Local lender BRD has opened a EUR 50 million credit line from the European Bank for Reconstruction and Development (EBRD), which it intends to use to offer loans for small and medium enterprises.

Romanian media, Ioan Niculae, owner of Interagro, moves his businesses to Bulgaria – in Ziarul Financiar, Howard Johnson: stagnating revenues – in Ziarul Financiar, The IMF insists we have trouble in drawing in EU money– in Ziarul Financiar

Romanian lender Banca Transilvania posted a gross profit of EUR 14.1 million in the first half of this year, which was more than five times higher than the gross profit posted mid-last year. The net profit in the first half of this year was of EUR 7.8 million, according to the bank. The gross profit in the first half of the year covers 40 percent of what the bank had expected for the entire year.

Eolica Dobrogea, which is developing wind farms in several localities in Dobrogea, including Cogealac, will ask the Cogealac city hall to organize a referendum for all inhabitants to decide on how the wind energy potential in the area will be used. The inhabitants should also decide on how the EUR 3.5 billion revenues to the local budget will be used, Eolica said in a statement earlier today.

Rominserv, a company in the Rompetrol group, has signed an agreement with Portuguese Prio SGPS to build four vegetable oil tanks, with an investment estimated at USD 2.1 million, Rompetrol has announced. The tanks are part of the vegetable oil extraction plant in Lehliu.

Pharmaceutical group A&D Pharma posted a sales figure of EUR 303 million in the first half of this year, up 30 percent on the same period last year, the company has announced. Its net profit went up even more – by 90 percent, to EUR 17.45 million.

Online retailer eMag.ro has sold over 240 products which were mistakenly discounted by more than ten times, due to a website technical error, the company's manager Radu Apostolescu wrote on the firm's website. The mistake has a cost of around RON 132,000 (the equivalent of around EUR 31,000) for eMag.ro, which has decided to validate the sales even so.

The Romanian Finance Ministry will issue EUR 400 million of state titles today on the internal capital market. The acquisition of these state titles will be made through a bidding process.

Mining company Romaltyn Mining Baia Mare, owned by Russian Polyus Group, will invest USD 14 million in mining technologies. The company intends to re-start the gold extraction in the area, but needs to finalize investments beforehand and it hopes to be able to start the processing activity towards the beginning of next year.

Romania is one of the Eastern European markets which looks the most interesting, according to Mark Mobius, the emerging market guru with Templeton Asset Management, in a recent interview published by the Time magazine. But the country comes after Russia, Turkey and Poland.

Local lender BRD has opened a EUR 50 million credit line from the European Bank for Reconstruction and Development (EBRD), which it intends to use to offer loans for small and medium enterprises.

Romanian media, Ioan Niculae, owner of Interagro, moves his businesses to Bulgaria – in Ziarul Financiar, Howard Johnson: stagnating revenues – in Ziarul Financiar, The IMF insists we have trouble in drawing in EU money– in Ziarul Financiar

Romanian lender Banca Transilvania posted a gross profit of EUR 14.1 million in the first half of this year, which was more than five times higher than the gross profit posted mid-last year. The net profit in the first half of this year was of EUR 7.8 million, according to the bank. The gross profit in the first half of the year covers 40 percent of what the bank had expected for the entire year.

Eolica Dobrogea, which is developing wind farms in several localities in Dobrogea, including Cogealac, will ask the Cogealac city hall to organize a referendum for all inhabitants to decide on how the wind energy potential in the area will be used. The inhabitants should also decide on how the EUR 3.5 billion revenues to the local budget will be used, Eolica said in a statement earlier today.

Rominserv, a company in the Rompetrol group, has signed an agreement with Portuguese Prio SGPS to build four vegetable oil tanks, with an investment estimated at USD 2.1 million, Rompetrol has announced. The tanks are part of the vegetable oil extraction plant in Lehliu.