Romania Insider
07 October 2010

The local retail market was down 12 percent in the first half of the year, according to Nielsen Romania. The drop was higher – 15 percent - excluding the sales of discount stores. Traditional trade was the most affected, but still covered the bulk of the market in Romania, although hypermarkets and discounters have gained more ground in the meantime.

Romania Insider
07 October 2010

Romania plans to support young investors who will start a business by offering them state guarantees, as well as exemptions from social security payment and a state aid of 20 percent of the value of their projects, up to EUR 10,000. The Romanian Government has put up for public debate the ordinance project and plans to enact it later on.

Romania Insider
07 October 2010

With coal, gas, nuclear and large hydropower plants largely under state control, investors have found it hard to tap the European Union (EU) member state's energy market as successive governments have stalled reforms, privatizations and public-private partnerships, wrote newswire Reuters in a recent analysis about the Romanian wind projects market.

Romania Insider
07 October 2010

UPDATE: Romanian Environment Minister Laszlo Borbely said the toxic residues from Hungary have not reached the Danube yet and when they will, on Friday evening, they will not be dangerous. “It is not true. I have spoken with the head of Hungarian Waters last night, who said the authorities there have built a dam to stop the toxic residues from spreading. The residues have not reached the Danube and when they will, they will not be dangerous,” said Borbely for a Romanian TV station.

Romania Insider
07 October 2010

Carmaker Renault plans to increase production of its Dacia Duster sports-utility vehicle after getting 75,000 orders in five months, Le Figaro reported, quoted by newswire Bloomberg, citing Gerard Detourbet, head of Renault’s low-cost program. The company will raise output to 180,000 vehicles a year at the start of 2011, from 150,000, according to the French newspaper.

Romania Insider
07 October 2010

Futureal and Immofinanz will open the EUR 100 million Gold Plaza shopping center in Baia Mare on November 4, after previously setting the opening date for September this year. The developers had been planning to finalize the shopping center in 2008, but the project was delayed for 2009 and finally for 2010. The shopping mall has been 80 percent financed through a loan from MKB Bank.

Romania Insider
07 October 2010

More than 100 Romanian and foreign inventors present over 300 inventions at the Inventika show that takes place at Romexpo Exhibition Centre in Bucharest between October 6 and 9. The exhibition will feature Ioan Rusu's remote-controlled crib that swings with a magnetic field, the motorcycle smoke wrecker vehicle, the 100 kilometre range electric scooter, the versatile chair for those with back pains and Iustin Capra's green asphalt.

Romania Insider
07 October 2010

Romania’s economy will shrink at the fastest pace among emerging states in Europe this year, while its estimated growth of 1.5 percent for 2011 will be the smallest in the region, the International Monetary Fund said in its latest global outlook report. The IMF forecasts Romania's gross domestic product will decrease 1.9 percent in 2010, from a steep contraction of 7.1 percent a year earlier.

Romania Insider
07 October 2010

The local retail market was down 12 percent in the first half of the year, according to Nielsen Romania. The drop was higher – 15 percent - excluding the sales of discount stores. Traditional trade was the most affected, but still covered the bulk of the market in Romania, although hypermarkets and discounters have gained more ground in the meantime.

Romania Insider
07 October 2010

Romania plans to support young investors who will start a business by offering them state guarantees, as well as exemptions from social security payment and a state aid of 20 percent of the value of their projects, up to EUR 10,000. The Romanian Government has put up for public debate the ordinance project and plans to enact it later on.

Romania Insider
07 October 2010

With coal, gas, nuclear and large hydropower plants largely under state control, investors have found it hard to tap the European Union (EU) member state's energy market as successive governments have stalled reforms, privatizations and public-private partnerships, wrote newswire Reuters in a recent analysis about the Romanian wind projects market.

Romania Insider
07 October 2010

UPDATE: Romanian Environment Minister Laszlo Borbely said the toxic residues from Hungary have not reached the Danube yet and when they will, on Friday evening, they will not be dangerous. “It is not true. I have spoken with the head of Hungarian Waters last night, who said the authorities there have built a dam to stop the toxic residues from spreading. The residues have not reached the Danube and when they will, they will not be dangerous,” said Borbely for a Romanian TV station.

Romania Insider
07 October 2010

Carmaker Renault plans to increase production of its Dacia Duster sports-utility vehicle after getting 75,000 orders in five months, Le Figaro reported, quoted by newswire Bloomberg, citing Gerard Detourbet, head of Renault’s low-cost program. The company will raise output to 180,000 vehicles a year at the start of 2011, from 150,000, according to the French newspaper.

Romania Insider
07 October 2010

Futureal and Immofinanz will open the EUR 100 million Gold Plaza shopping center in Baia Mare on November 4, after previously setting the opening date for September this year. The developers had been planning to finalize the shopping center in 2008, but the project was delayed for 2009 and finally for 2010. The shopping mall has been 80 percent financed through a loan from MKB Bank.

Romania Insider
07 October 2010

More than 100 Romanian and foreign inventors present over 300 inventions at the Inventika show that takes place at Romexpo Exhibition Centre in Bucharest between October 6 and 9. The exhibition will feature Ioan Rusu's remote-controlled crib that swings with a magnetic field, the motorcycle smoke wrecker vehicle, the 100 kilometre range electric scooter, the versatile chair for those with back pains and Iustin Capra's green asphalt.

Romania Insider
07 October 2010

Romania’s economy will shrink at the fastest pace among emerging states in Europe this year, while its estimated growth of 1.5 percent for 2011 will be the smallest in the region, the International Monetary Fund said in its latest global outlook report. The IMF forecasts Romania's gross domestic product will decrease 1.9 percent in 2010, from a steep contraction of 7.1 percent a year earlier.

Romania Insider Free Newsletter

Get in Touch with Us

40