The Romanian Orthodox Church celebrates prophet Ilie on July 20. One of the most important prophets in the Old Testament, Saint Ilie is celebrated as a miracle worker and the one that brings rain during a drought period. This is also the period when the Maiden Fair on Gaina mountain takes place.
Oil group Rompetrol has selected 20 corporate responsibility projects within its campaign “Together for everyone” ('Impreuna pentru fiecare'), which will run with a budget of USD 300,000 this year.
The Iraq Wheat Council has bought 50,000 tonnes of wheat from Romania for around USD 13 million, according to Reuters newswire. This means Romania sold wheat at a price of USD 258 per ton.
A tempest has taken over the capital city Bucharest, which it various areas turned into a short-term hailstorm. The rain shower comes after a full day of heat, with high temperatures across Romania. Meteorologists have warned about weather unpredictability, with high changes of precipitations during these days in Romania.
Christian Bruckner is the new director in charge with Operations & IT for local lender BCR. His naming requires the approval from the Romanian central bank (BNR). Bruckner takes on the attributions from Oana Petrescu, who is now vice-president of retail and private banking with BCR
International chain Domino's Pizza will enter the Romanian market through a franchise taken by the Radacini car dealership, according to Ziarul Financiar, quoting sources on the market. The new franchise will be launched next month, when it will open a delivery center in the Northern part of Bucharest, becoming a competitor for Pizza Hut chain.
Banca Comercial Romana (BCR) will restructure loans for its customers who can't keep up with paying their bills, mainly targeting the state budget employees, but including all customers who have seen decreasing revenues. These employees make up to 30 percent of the bank's customers.
Romania's railway network was labeled in a catastrophic state due to lack of interest by authorities in a recent article by the Associated France Press. With the number of cars tripling in the last 20 years in Romania and with the degrading railways in the country, fewer and fewer passengers are choosing to ride the trains run by state-owned CFR. The company itself has been posting losses and has decided to increase the cost of a train ticket to somehow balance the loss.
Proffice, a company in the RTC group, expects to reach a ten percent market share on the encapsulated coffee products for office consumption in the next two years, a market with a potential of EUR 10 million, according to the company.
The recent International Monetary Fund and European Union announcement that they have halted talks with the Hungarian government which were supposed to unlock a new loan installment for the country has sent the Hungarian currency down on Monday, according to international media.
Former soccer player and current investor Gica Popescu (in picture) will invest EUR 10 million in a retail center in Rahova area of Bucharest, which will be called Doldora Bazaar, the businessman has announced. The retail center, which will sell both en-gross and en-detail products, will be built on the premises of a former industrial platform in the city.