Net investments in the Romanian economy fell by 9.8 percent, to EUR 3 billion in the second quarter compared with the year-earlier period, due to slow activity in all sectors, according to the country’s statistics institute INS.

The Transport Ministry will launch tenders with European financing, through the Transport Regional Operational Program, worth EUR 3.14 billion by year-end, according to Transport Minister Radu Berceanu.

The consortium made of Strabag and Straco will build the Deva – Orastie highway, after the challenges submitted following the bid have been rejected. The consortium has already signed the contract with the state. Strabag and Straco have filed an offer of EUR 179 million.

Romanians will cut housing, clothing and mobile phone expenses – in Ziarul Financiar, Clients loose patience and start filing lawsuits against banks to reduce cost of credits – in Ziarul Financiar, BCR becomes 'real estate agent' to stimulate loans – in Ziarul Financiar, EUR 100 million energy export – in Ziarul Financiar, Companies' access on the Romanian market, through the Unique Contact Point – on Dailybusiness.ro, Central Bank Reserves, down for the forth month in a row – on Dailybusiness.ro

Romanian state-owned passenger railway company CFR Calatori and state-run subway company Metrorex will raise tariffs by 8 percent from September 15, according to Transport Minister Radu Berceanu.

Synergy Group, owned by expats Savas Gunata and Huseyin Karali, has expanded to Libya, where it has recently opened an office and where it currently tenders for large state projects. The expansion is part of the group's strategy to add new countries to its geographical coverage.

Harvard University professor Kenneth Rogoff expects a few eastern European countries, among which Romania, to go bust in the next two to three years, according to Profil magazine, quoted by Bloomberg.

Renault Group has recently opened near Pitesti the largest car parts center outside France, which will distribute spare parts and accessories for Dacia, Renault and Nissan brands in Romania. The center is located in Oarja village, nearby Pitesti, north-west of Bucharest.

Romania's international reserves went up by EUR 227 million – 0.65 percent in August compared to July, reaching EUR 34.7 billion, according to the Romanian Central Bank (BNR). The reserves include gold and foreign currency. The foreign currency reserves reached EUR 31.55 billion at the end of August this year, slightly down on the EUR 31.58 billion at the end of July.

Christophe De Korver has been appointed Managing Director of Gefco Romania, replacing Denis Renard, who has been at the helm of the company in Romania for the last six years. Denis Renard will take the helm of Gefco in Slovakia.

Net investments in the Romanian economy fell by 9.8 percent, to EUR 3 billion in the second quarter compared with the year-earlier period, due to slow activity in all sectors, according to the country’s statistics institute INS.

The Transport Ministry will launch tenders with European financing, through the Transport Regional Operational Program, worth EUR 3.14 billion by year-end, according to Transport Minister Radu Berceanu.

The consortium made of Strabag and Straco will build the Deva – Orastie highway, after the challenges submitted following the bid have been rejected. The consortium has already signed the contract with the state. Strabag and Straco have filed an offer of EUR 179 million.

Romanians will cut housing, clothing and mobile phone expenses – in Ziarul Financiar, Clients loose patience and start filing lawsuits against banks to reduce cost of credits – in Ziarul Financiar, BCR becomes 'real estate agent' to stimulate loans – in Ziarul Financiar, EUR 100 million energy export – in Ziarul Financiar, Companies' access on the Romanian market, through the Unique Contact Point – on Dailybusiness.ro, Central Bank Reserves, down for the forth month in a row – on Dailybusiness.ro

Romanian state-owned passenger railway company CFR Calatori and state-run subway company Metrorex will raise tariffs by 8 percent from September 15, according to Transport Minister Radu Berceanu.

Synergy Group, owned by expats Savas Gunata and Huseyin Karali, has expanded to Libya, where it has recently opened an office and where it currently tenders for large state projects. The expansion is part of the group's strategy to add new countries to its geographical coverage.

Harvard University professor Kenneth Rogoff expects a few eastern European countries, among which Romania, to go bust in the next two to three years, according to Profil magazine, quoted by Bloomberg.

Renault Group has recently opened near Pitesti the largest car parts center outside France, which will distribute spare parts and accessories for Dacia, Renault and Nissan brands in Romania. The center is located in Oarja village, nearby Pitesti, north-west of Bucharest.

Romania's international reserves went up by EUR 227 million – 0.65 percent in August compared to July, reaching EUR 34.7 billion, according to the Romanian Central Bank (BNR). The reserves include gold and foreign currency. The foreign currency reserves reached EUR 31.55 billion at the end of August this year, slightly down on the EUR 31.58 billion at the end of July.

Christophe De Korver has been appointed Managing Director of Gefco Romania, replacing Denis Renard, who has been at the helm of the company in Romania for the last six years. Denis Renard will take the helm of Gefco in Slovakia.