The Bucharest – Constanta railway track will be modernized so that the train ride between the two cities will take only...

Swedish group Ikea, which has recently confirmed the acquisition of the Timpuri Noi industrial platform in Bucharest, says the group doesn't plan to build an Ikea store on the plot. The property was acquired by the group's real estate development division, Inter Ikea, for EUR 34.6 million.

Turkish Provus Services Provider has bought local card operator RomCard from its shareholders BCR, BRD, Raiffeisen Bank, UniCredit Tiriac Bank and Financiara, according to Deloitte, which assisted the sale along with the Reff & Associates team. The value of the deal was not disclosed.

The group of companies which includes airline company Blue Air will open the first restaurant under the Self brand on...

A recent comment run on a Financial Times blog depicts the Romanian Government as “at best dysfunctional and at worst incompetent”, while Romanian president Traian Basescu is described as “the country’s bull-in-a-chinashop president”.

More companies decided to cancel their business activity in Romania in the first half of this year than in the same period of last year, according to data from the National Trade Registry (ONRC). There was a whooping six times increase in the number of firms which filed for voluntary cancellation of their business, to 118,000. The amount also includes automatic cancellations.

Romanian media

Idea of dropping flat tax bewilders political and business circles – in Ziarul Financiar

Ikea investment...

Texas-based Lufkin Industries will build its announced production unit in Romania within the Ploiesti West Park, where it bought a 33-hectare land plot from the owners Allianso Business Park, the company has announced. Belgian Alinso is the majority shareholder and developer of Ploiesti West Park.

The disposable income in Romania will drop by around 10 percent this year and by a further 0.8 percentage points in 2011...

The Blue Air group of companies has invested over EUR 800,000 in two self service restaurants in Sibiu and Bucharest, under the Self brand. The first such restaurant has been opened four months ago in Sibiu, while the one in Bucharest was opened on Wednesday (July 14) in Buzesti area of the capital city.

The Bucharest – Constanta railway track will be modernized so that the train ride between the two cities will take only...

Swedish group Ikea, which has recently confirmed the acquisition of the Timpuri Noi industrial platform in Bucharest, says the group doesn't plan to build an Ikea store on the plot. The property was acquired by the group's real estate development division, Inter Ikea, for EUR 34.6 million.

Turkish Provus Services Provider has bought local card operator RomCard from its shareholders BCR, BRD, Raiffeisen Bank, UniCredit Tiriac Bank and Financiara, according to Deloitte, which assisted the sale along with the Reff & Associates team. The value of the deal was not disclosed.

The group of companies which includes airline company Blue Air will open the first restaurant under the Self brand on...

A recent comment run on a Financial Times blog depicts the Romanian Government as “at best dysfunctional and at worst incompetent”, while Romanian president Traian Basescu is described as “the country’s bull-in-a-chinashop president”.

More companies decided to cancel their business activity in Romania in the first half of this year than in the same period of last year, according to data from the National Trade Registry (ONRC). There was a whooping six times increase in the number of firms which filed for voluntary cancellation of their business, to 118,000. The amount also includes automatic cancellations.

Romanian media

Idea of dropping flat tax bewilders political and business circles – in Ziarul Financiar

Ikea investment...

Texas-based Lufkin Industries will build its announced production unit in Romania within the Ploiesti West Park, where it bought a 33-hectare land plot from the owners Allianso Business Park, the company has announced. Belgian Alinso is the majority shareholder and developer of Ploiesti West Park.

The disposable income in Romania will drop by around 10 percent this year and by a further 0.8 percentage points in 2011...

The Blue Air group of companies has invested over EUR 800,000 in two self service restaurants in Sibiu and Bucharest, under the Self brand. The first such restaurant has been opened four months ago in Sibiu, while the one in Bucharest was opened on Wednesday (July 14) in Buzesti area of the capital city.