Grup Servicii Petroliere's shareholders have approved a USD 20 million revolving credit facility from Eximbank. The loan was contracted on a year.

BCR Group posted a net profit of EUR 117 million in the first half of the year, down by 19.5 percent compared to the same period of last year, the group has announced. The decrease was mainly due “on much higher provision expense due the contracting economy heavily impacting the market and BCR’s customers demand,” according to the company.

Grup Servicii Petroliere's shareholders have approved a USD 20 million revolving credit facility from Eximbank. The loan was contracted on a year.

The Romanian Tourism Ministry has asked the consortium made of THR Asesores en Turismo, Hoteliere e Recreation and Taylor Nelson Sofres to come up with an answer to the recent media reports pointing out to the similarity between one of the elements of Romania's tourism logo and anotehr logo which was on sale on the Internet.

Main headlines from Romanian and international media for Friday, July 30, 2010

While 'the eternal flame in Andreiasu' is the generic name, there's more than one flame burning in Vrancea county, where Andreiasu mountain locality is located.

It all starts with gaseous hydrocarbons emissions – some of which have the so-called 'spontaneous combustion'. Which means the gas will turn to flames once it reaches the air, but they can also be ignited

Private health care operator Centrul Medical Unirea (CMU) posted EUR 10 million in revenues in the first half of the year, a 36 percent improvement on the same period of last year. CMU's Regina Maria maternity grew its turnover more than two fold during this period.

Telecom operator Orange saw its revenues decline by 8.8 percent in the first half of this year, to EUR 484 million, according to Mediafax quoting a company report. The second quarter of the year however brought an improvement on the Romanian market.

Romanian state-owned companies Avioane Craiova, IOR, Mangalia Shipyard, Cuprumin and Moldomin will be privatized, according to the Economy Minister Adriean Videanu. This is not the first attempt to privatize these companies, which were already on the list of state participations which will be sold on the stock market.

The owner of Cotroceni Park mall in Bucharest, AFI Europe, has signed the leasing contract with fashion retailer H&M, which should open the first store in Romania within Cotroceni Park in spring next year.

Grup Servicii Petroliere's shareholders have approved a USD 20 million revolving credit facility from Eximbank. The loan was contracted on a year.

BCR Group posted a net profit of EUR 117 million in the first half of the year, down by 19.5 percent compared to the same period of last year, the group has announced. The decrease was mainly due “on much higher provision expense due the contracting economy heavily impacting the market and BCR’s customers demand,” according to the company.

Grup Servicii Petroliere's shareholders have approved a USD 20 million revolving credit facility from Eximbank. The loan was contracted on a year.

The Romanian Tourism Ministry has asked the consortium made of THR Asesores en Turismo, Hoteliere e Recreation and Taylor Nelson Sofres to come up with an answer to the recent media reports pointing out to the similarity between one of the elements of Romania's tourism logo and anotehr logo which was on sale on the Internet.

Main headlines from Romanian and international media for Friday, July 30, 2010

While 'the eternal flame in Andreiasu' is the generic name, there's more than one flame burning in Vrancea county, where Andreiasu mountain locality is located.

It all starts with gaseous hydrocarbons emissions – some of which have the so-called 'spontaneous combustion'. Which means the gas will turn to flames once it reaches the air, but they can also be ignited

Private health care operator Centrul Medical Unirea (CMU) posted EUR 10 million in revenues in the first half of the year, a 36 percent improvement on the same period of last year. CMU's Regina Maria maternity grew its turnover more than two fold during this period.

Telecom operator Orange saw its revenues decline by 8.8 percent in the first half of this year, to EUR 484 million, according to Mediafax quoting a company report. The second quarter of the year however brought an improvement on the Romanian market.

Romanian state-owned companies Avioane Craiova, IOR, Mangalia Shipyard, Cuprumin and Moldomin will be privatized, according to the Economy Minister Adriean Videanu. This is not the first attempt to privatize these companies, which were already on the list of state participations which will be sold on the stock market.

The owner of Cotroceni Park mall in Bucharest, AFI Europe, has signed the leasing contract with fashion retailer H&M, which should open the first store in Romania within Cotroceni Park in spring next year.