Pambac Bacau, which produces bread and bakery products, has seen its profit shrinking by 25 percent in the first half of the year, as Romanians started to buy cheaper products.

Car dealer Romcar, part of Tiriac Holdings, which has previously sold Ford cars in Romania, will become a car parts distribution company for the TiriacAuto dealers network, according to Ziarul Financiar, quoting Alexandru Ion Tiriac.

The unemployment level in Romania should stay at a stable rate towards the end of the year, said Romanian Labor Minister Mihai Seitan. “I don't expect an increase to a level higher than what it was in December lats year – 8.3 or 8.1. I can't give specific numbers, but anyway, it won't be higher than the level at the end of last year,” said Seitan.

Nadia Comaneci is probably the most famous Romanian in the world, being the first gymnast to receive a perfect score of ten in an Olympic competition.

German media company Waz (Westdeutsche Allgemeine Zeitung), one of the owners of Romania Libera newspaper, intends to withdraw from the Romanian and Serbian markets by the end of this year, according to handelsblatt.com. The group's strategy involves withdrawal from the entire Balkan area, according to Bodo Hombach, the group's CEO

The Government doesn't take into account, but is not ruling out either a new agreement with the International Monetary Fund, according to Romanian Finance Minister Sebastian Vladescu. The Romanian Government will analyze the need for a new agreement, hence a new round of financing from the IMF, at the end of this year, he also said.

Real estate developer Atrium European Real Estate has appointed Jorg Banzhaf as chief investment officer. Banzhaf will be responsible for the management and co-ordination of Atrium’s planned investment program as the Company continues to seek out opportunities for growth.

Pambac Bacau, which produces bread and bakery products, has seen its profit shrinking by 25 percent in the first half of the year, as Romanians started to buy cheaper products.

Star Storage, a company which specializes in data storage and information management, grew its turnover by 51 percent in the first half of the year, to EUR 7.8 million, compared to the first six months of last year. The company hopes to achieve an overall increase of 30 percent for the entire year, reaching EUR 18 million in turnover.

The unemployment level in Romania should stay at a stable rate towards the end of the year, said Romanian Labor Minister Mihai Seitan. “I don't expect an increase to a level higher than what it was in December lats year – 8.3 or 8.1. I can't give specific numbers, but anyway, it won't be higher than the level at the end of last year,” said Seitan.

Pambac Bacau, which produces bread and bakery products, has seen its profit shrinking by 25 percent in the first half of the year, as Romanians started to buy cheaper products.

Car dealer Romcar, part of Tiriac Holdings, which has previously sold Ford cars in Romania, will become a car parts distribution company for the TiriacAuto dealers network, according to Ziarul Financiar, quoting Alexandru Ion Tiriac.

The unemployment level in Romania should stay at a stable rate towards the end of the year, said Romanian Labor Minister Mihai Seitan. “I don't expect an increase to a level higher than what it was in December lats year – 8.3 or 8.1. I can't give specific numbers, but anyway, it won't be higher than the level at the end of last year,” said Seitan.

Nadia Comaneci is probably the most famous Romanian in the world, being the first gymnast to receive a perfect score of ten in an Olympic competition.

German media company Waz (Westdeutsche Allgemeine Zeitung), one of the owners of Romania Libera newspaper, intends to withdraw from the Romanian and Serbian markets by the end of this year, according to handelsblatt.com. The group's strategy involves withdrawal from the entire Balkan area, according to Bodo Hombach, the group's CEO

The Government doesn't take into account, but is not ruling out either a new agreement with the International Monetary Fund, according to Romanian Finance Minister Sebastian Vladescu. The Romanian Government will analyze the need for a new agreement, hence a new round of financing from the IMF, at the end of this year, he also said.

Real estate developer Atrium European Real Estate has appointed Jorg Banzhaf as chief investment officer. Banzhaf will be responsible for the management and co-ordination of Atrium’s planned investment program as the Company continues to seek out opportunities for growth.

Pambac Bacau, which produces bread and bakery products, has seen its profit shrinking by 25 percent in the first half of the year, as Romanians started to buy cheaper products.

Star Storage, a company which specializes in data storage and information management, grew its turnover by 51 percent in the first half of the year, to EUR 7.8 million, compared to the first six months of last year. The company hopes to achieve an overall increase of 30 percent for the entire year, reaching EUR 18 million in turnover.

The unemployment level in Romania should stay at a stable rate towards the end of the year, said Romanian Labor Minister Mihai Seitan. “I don't expect an increase to a level higher than what it was in December lats year – 8.3 or 8.1. I can't give specific numbers, but anyway, it won't be higher than the level at the end of last year,” said Seitan.