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12 October 2010

Romanian Prime Minister Emil Boc has recently said Romania will pay its debt to German companies doing business in the country. The Romanian PM talked about the country's debt to German companies to German Chancellor Angela Merkel, who is on an official visit to Romania.

12 October 2010

Romania wants to establish a strategic partnership with the Federal Republic of Germany that should offer a favourable framework for a wider development of the two states' bilateral relations, Prime Minister Emil Boc told visiting German Chancellor Angela Merkel (in picture) at the beginning of a bilateral meeting at the Victoria Palace on Tuesday.

12 October 2010

Update: Adevarul Holding, a media company owned by Romanian businessman Dinu Patriciu (in picture), has received the license to start a generalist TV station called Adevarul TV and a network of 40 local stations, all with an investment of EUR 37 million.

12 October 2010

About one third of the 3,000 employees of shipyard Daewoo - Mangalia Heavy Industries (DMHI) in southeastern Romania Monday went on general strike indefinitely disgruntled that they were denied a salary increase. Unionists demand a RON 300 lei (EIR 70.4) salary increase and a new collective work contract to be valid until the end of 2011.

12 October 2010

Romania’s Agriculture Minister Valeriu Tabara (in picture) said an increase in prices of agri-food products is ungrounded and artificial, adding food processors and those selling food products siphon off profits in the system, to the detriment of raw material producers and consumers.

12 October 2010

A vertical garden under the shape of an arch is being built near the Unirii area in Bucharest, in front of the future National Library. It will be 6.5 meters tall and covers 200 sqm. The vertical garden will stay green throughout the entire year.

12 October 2010

Telecom solutions provider Huawei hopes to reach a 10 percent market share of mobile telephony sales in Romania by 2011, with plans to launch six new models by mid next month. The company had announced earlier this summer its plans to launch a PC tablet by the end of the year, which will sell at EUR 350.

12 October 2010

A Gazprom delegation led by the Russian company's general manager Alexei Miller is expected in Bucharest on Wednesday, to meet Economy Minister representatives, according to Agepres, quoting Government sources. The Economy Minister Ion Ariton will attend the meeting, along with Romgaz representatives.

12 October 2010

The German Chancellor Angela Merkel will visit Romania on Tuesday after an official trip to Bulgaria yesterday. On her first official visit to Romania, Merkel will meet Romanian president Traian Basescu and Prime Minister Emil Boc. She will also visit the Babes- Bolyai university in Cluj, where she will receive the Doctor Honors Causa title. Merkel will also attend the inauguration of the German Studies Institute at the Babes- Bolyai university.

12 October 2010

*Investors found EUR 400 million for shopping malls – in Ziarul Financiar
*The increase in food prices send inflation up to a maximum of 8 percent – in Ziarul Financiar
*Catalin Dima withdraws from the Romtelecom management for his own business – in Ziarul Financiar
*Huawei brought 100 Chinese to work in Romania – in Ziarul Financiar
*Romania, in top 10 milk producers, but only one liter out of five goes to factories – in Ziarul Financiar
*Romanian exports, up 23 percent – in Gandul

11 October 2010

The Museum of Cycladic Art in Athens, Greece houses the exhibition titled "The Lost World of Old Europe: The Danube Valley 5000-3500 BC," which includes more than 2500 archaeological items, most of them coming from Romania's heritage. The exhibition will be on until January 10 next year.

11 October 2010

As many as 700 Volksbank clients have started legal procedures against the bank on the allegedly illegal contract clauses added by the bank after the issuance of the Government Ordinance 50. The bank clients are represented by Piperea & Asociatii law firm, the firm has announced.

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