Norwegian energy company Statkraft, which was looking for investment opportunities in Romania, has decided to pursue its investment plans elsewhere due to the unfavorable investment climate in Romania. Statkraft has chosen Albaine and Turkey for its up to EUR 1.3 billion investment projects, according to Mediafax quoting local company representatives.

Telecom operator Vodafone has recently signed an agreement with local telecom dealer Fonomat, which used to be a dealer for competitor Orange until April this year and which will now become an exclusive Vodafone dealer. Fonomat, which runs 167 stores in Romania, will still run under its existing brand but will change the signage in its stores accordingly in the following period.

Fonomat's shareholder in private equity fund GED, which bought four GSM retail companies – Dasimpex, Plus GSM, GSM Land and Puls and re-united them under a new brand. Fonomat used to be the largest Orange dealer since April 2008.

MedLife, CMU and Medicover fighting for Euroclinic – in Ziarul Financiar

Unilever slips into the red – in Ziarul Financiar

Dan Diaconescu, officially accused of blackmail and threat – in Ziarul Financiar
Government preparing tax for banks – in Ziarul Financiar

Workers abroad send less money home, import demand on the rise – in Ziarul Financia

Chinese tractor producer Hoyo has started to produce tractors in its factory in Rasnov, Brasov county in Romania. The first series of tractors will be finalized mid-July, at ccording to the company's executive director Denisa Vasilescu, quoted by Mediafax newswire. Production at the Hoyo factory was supposed to start in December last year, but was delayed due to issues in the production area.

Headlines in Romanian media on Monday, June 21st, 2010: Loan installments cost Romanians 5 billion euros a year– in Ziarul Financiar

Tampiza leaves Lukoil Romania after 8 years at the helm – in Ziarul Financiar

Finance Ministry announces 16% tax on interests and luncheon vouchers as of July 1 – in Ziarul Financiar

First official loss of a mall: 40 million euros – in Ziarul Financiar

P&G to produce its first Head & Shoulders shampoo “made in Urlati” in July – in Ziarul Financiar

Cocor expects 10,000 visitors a day – in Ziarul Financiar

Swiss energy company Repower has bought 80 percent of the local energy trader Elcomex from Romanian businessman Ion...

Local cab company Fly Taxi has recently asked for insolvency, according to Mediafax newswire. The company, owned by businessman Fernando Enciu, has lost its exclusive contract with Otopeni airport after the airport has organized a bid and has chosen several cab companies which are allowed to work in the Otopeni airport area. Fernando Enciu also runs a business in the Great Island of Braila (Insula Mare a Brailei) and owns a 7,000 sqm plot of land close to Herastrau lake.

The Romanian Anti-Corruption Body (DNA) has accused local media owner and journalist Dan Diaconescu of blackmailing and...

Constantin Tampiza, the local head of oil company Lukoil, had left the helm of the company and has been replaced by Maxim Khitrov, who became the new CEO of the local subsidiary.

Swiss energy company Repower has bought 80 percent of the local energy trader Elcomex from Romanian businessman Ion...

Norwegian energy company Statkraft, which was looking for investment opportunities in Romania, has decided to pursue its investment plans elsewhere due to the unfavorable investment climate in Romania. Statkraft has chosen Albaine and Turkey for its up to EUR 1.3 billion investment projects, according to Mediafax quoting local company representatives.

Telecom operator Vodafone has recently signed an agreement with local telecom dealer Fonomat, which used to be a dealer for competitor Orange until April this year and which will now become an exclusive Vodafone dealer. Fonomat, which runs 167 stores in Romania, will still run under its existing brand but will change the signage in its stores accordingly in the following period.

Fonomat's shareholder in private equity fund GED, which bought four GSM retail companies – Dasimpex, Plus GSM, GSM Land and Puls and re-united them under a new brand. Fonomat used to be the largest Orange dealer since April 2008.

MedLife, CMU and Medicover fighting for Euroclinic – in Ziarul Financiar

Unilever slips into the red – in Ziarul Financiar

Dan Diaconescu, officially accused of blackmail and threat – in Ziarul Financiar
Government preparing tax for banks – in Ziarul Financiar

Workers abroad send less money home, import demand on the rise – in Ziarul Financia

Chinese tractor producer Hoyo has started to produce tractors in its factory in Rasnov, Brasov county in Romania. The first series of tractors will be finalized mid-July, at ccording to the company's executive director Denisa Vasilescu, quoted by Mediafax newswire. Production at the Hoyo factory was supposed to start in December last year, but was delayed due to issues in the production area.

Headlines in Romanian media on Monday, June 21st, 2010: Loan installments cost Romanians 5 billion euros a year– in Ziarul Financiar

Tampiza leaves Lukoil Romania after 8 years at the helm – in Ziarul Financiar

Finance Ministry announces 16% tax on interests and luncheon vouchers as of July 1 – in Ziarul Financiar

First official loss of a mall: 40 million euros – in Ziarul Financiar

P&G to produce its first Head & Shoulders shampoo “made in Urlati” in July – in Ziarul Financiar

Cocor expects 10,000 visitors a day – in Ziarul Financiar

Swiss energy company Repower has bought 80 percent of the local energy trader Elcomex from Romanian businessman Ion...

Local cab company Fly Taxi has recently asked for insolvency, according to Mediafax newswire. The company, owned by businessman Fernando Enciu, has lost its exclusive contract with Otopeni airport after the airport has organized a bid and has chosen several cab companies which are allowed to work in the Otopeni airport area. Fernando Enciu also runs a business in the Great Island of Braila (Insula Mare a Brailei) and owns a 7,000 sqm plot of land close to Herastrau lake.

The Romanian Anti-Corruption Body (DNA) has accused local media owner and journalist Dan Diaconescu of blackmailing and...

Constantin Tampiza, the local head of oil company Lukoil, had left the helm of the company and has been replaced by Maxim Khitrov, who became the new CEO of the local subsidiary.

Swiss energy company Repower has bought 80 percent of the local energy trader Elcomex from Romanian businessman Ion...