Romania Insider
19 November 2010

U.S. Bechtel, the company that is building Romania’s Transylvania Highway plans to sack over 800 employees working on the highway, arguing the construction area is not ready for further works and the Romanian state has not paid its debts for works in 2010.

Romania Insider
19 November 2010

The largest work of the painter Nicolae Tonitza (1886-1940) entitled "Golgotha" was sold, in Bucharest, for EUR 125,000 euros, at an Artmark auction "12 +1 Impressionist masterpieces from private collections", at the Ghika Palace on Thursday evening. "Golgotha" has one square meter dimension and is the largest work of Nicolae Tonitza auctioned on the Romanian art market.

Romania Insider
19 November 2010

*Leasing market hasn't stopped its fall and is down 27% in nine months – in Ziarul Financiar
*Liliana Solomon: the Vodafone Romania CEO mandate was the best period of my career so far – in Ziarul Financiar
*Ursus closes down Cluj factory. Ursus and Azuga to be produced in Buzau, Timisoara and Brasov – in Ziarul Financiar
*OTE and Deutsche Telekom give one of the most important positions in Romtelecom to Romanian – in Ziarul Financiar

Romania Insider
18 November 2010

The Bucharest Court of Appeals sentenced business people Corneliu Iacobov and Toader Gaurean to seven and six years in prison, respectively, for defrauding the RAFO Onesti oil refinery. The Court also sentenced Marin Marin to seven years in prison, for abuse of office, and acquitted Liliana Luchian and the other defendants, charged with money laundering.

Romania Insider
18 November 2010

The number of Romanians who emigrated stands at 2.7 million this year, accounting for 13.1 percent of the population, but is expected to drop considerable on the long term, in 10 -15 years, as Romania converges toward Europe, according to the World Bank. Most Romanians emigrated to Italy, Spain, Hungary, Israel, USA, Germany, Canada, Austria, France and the UK.

Romania Insider
18 November 2010

Ursus Breweries will close down one of its oldest production centers in Romania, the 130-year old Cluj – Napoca factory, which employs 161 people, the company has announced. The factory had the highest operating cost of all Ursus' production units in Romania and was located downtown, which made it harder to run logistically wise.

Romania Insider
19 November 2010

U.S. Bechtel, the company that is building Romania’s Transylvania Highway plans to sack over 800 employees working on the highway, arguing the construction area is not ready for further works and the Romanian state has not paid its debts for works in 2010.

Romania Insider
19 November 2010

The largest work of the painter Nicolae Tonitza (1886-1940) entitled "Golgotha" was sold, in Bucharest, for EUR 125,000 euros, at an Artmark auction "12 +1 Impressionist masterpieces from private collections", at the Ghika Palace on Thursday evening. "Golgotha" has one square meter dimension and is the largest work of Nicolae Tonitza auctioned on the Romanian art market.

Romania Insider
19 November 2010

*Leasing market hasn't stopped its fall and is down 27% in nine months – in Ziarul Financiar
*Liliana Solomon: the Vodafone Romania CEO mandate was the best period of my career so far – in Ziarul Financiar
*Ursus closes down Cluj factory. Ursus and Azuga to be produced in Buzau, Timisoara and Brasov – in Ziarul Financiar
*OTE and Deutsche Telekom give one of the most important positions in Romtelecom to Romanian – in Ziarul Financiar

Romania Insider
18 November 2010

The Bucharest Court of Appeals sentenced business people Corneliu Iacobov and Toader Gaurean to seven and six years in prison, respectively, for defrauding the RAFO Onesti oil refinery. The Court also sentenced Marin Marin to seven years in prison, for abuse of office, and acquitted Liliana Luchian and the other defendants, charged with money laundering.

Romania Insider
18 November 2010

The number of Romanians who emigrated stands at 2.7 million this year, accounting for 13.1 percent of the population, but is expected to drop considerable on the long term, in 10 -15 years, as Romania converges toward Europe, according to the World Bank. Most Romanians emigrated to Italy, Spain, Hungary, Israel, USA, Germany, Canada, Austria, France and the UK.

Romania Insider
18 November 2010

Ursus Breweries will close down one of its oldest production centers in Romania, the 130-year old Cluj – Napoca factory, which employs 161 people, the company has announced. The factory had the highest operating cost of all Ursus' production units in Romania and was located downtown, which made it harder to run logistically wise.

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