The Iraq Wheat Council has bought 50,000 tonnes of wheat from Romania for around USD 13 million, according to Reuters newswire. This means Romania sold wheat at a price of USD 258 per ton.

Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.

French retailer Carrefour posted sales of EUR 265 million in the second quarter of the year in Romania, which was a drop of 5.8 percent compared to the same period of last year, excluding currency exchange rate impact. These are its sales in local currency. The group's like-for-like sales were down by 7.2 percent.

The minimum tax will be canceled this fall while the flat tax will be kept, according to Romanian Prime Minister Emil Boc. Progressive taxation will fail to raise more money to the state budget compared to the current revenues.

Romanian media

Isărescu: Without pension adjustment, we cannot talk about economic growth – in Ziarul Financiar...

Investment fund Bancroft has bough the bulk in local transport company Dumagas Transport, the two companies have...

The average contribution to mandatory private pensions for each contributor went up 22 percent in June compared to the...

Romanian media Retailers realize consumption revival is not without massive price cuts – in Ziarul Financiar, IKEA converts Timpuri Noi into apartments, offices and retail space – in Ziarul Financiar, Eight million Romanians have to insure their homes – in Ziarul Financiar, Alcatel Lucent hires another 200 engineers in Timisoara – in Ziarul Financiar, Schaeffler expects 100m euros higher turnover for Brasov plant – in Ziarul Financiar

The Romanian car market saw the third biggest decline in the European Union, with a drop of 41.5 percent on new car...

A&D Pharma has opened the third Anima private clinic in Bucharest, in Pantelimon area of the city, the company has announced. The 600-sqm clinic includes 14 medical offices. A&D Pharma has opened two similar units in Victoriei and Titan areas of Bucharest earlier this year, when the Anima brand was launched.

The Iraq Wheat Council has bought 50,000 tonnes of wheat from Romania for around USD 13 million, according to Reuters newswire. This means Romania sold wheat at a price of USD 258 per ton.

Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.

French retailer Carrefour posted sales of EUR 265 million in the second quarter of the year in Romania, which was a drop of 5.8 percent compared to the same period of last year, excluding currency exchange rate impact. These are its sales in local currency. The group's like-for-like sales were down by 7.2 percent.

The minimum tax will be canceled this fall while the flat tax will be kept, according to Romanian Prime Minister Emil Boc. Progressive taxation will fail to raise more money to the state budget compared to the current revenues.

Romanian media

Isărescu: Without pension adjustment, we cannot talk about economic growth – in Ziarul Financiar...

Investment fund Bancroft has bough the bulk in local transport company Dumagas Transport, the two companies have...

The average contribution to mandatory private pensions for each contributor went up 22 percent in June compared to the...

Romanian media Retailers realize consumption revival is not without massive price cuts – in Ziarul Financiar, IKEA converts Timpuri Noi into apartments, offices and retail space – in Ziarul Financiar, Eight million Romanians have to insure their homes – in Ziarul Financiar, Alcatel Lucent hires another 200 engineers in Timisoara – in Ziarul Financiar, Schaeffler expects 100m euros higher turnover for Brasov plant – in Ziarul Financiar

The Romanian car market saw the third biggest decline in the European Union, with a drop of 41.5 percent on new car...

A&D Pharma has opened the third Anima private clinic in Bucharest, in Pantelimon area of the city, the company has announced. The 600-sqm clinic includes 14 medical offices. A&D Pharma has opened two similar units in Victoriei and Titan areas of Bucharest earlier this year, when the Anima brand was launched.