Romanian businessman Dinu Patriciu, who has started to invest in retail earlier this year, plans to reach a total of 3,000 stores under the Mic.ro brand by the end of next year, which will include neighborhood stores as well as mobile kiosks. The investor expects this network to bring a EUR 1.5 billion turnover by the end of next year.

Oil and gas company Petrom has externalized its data center to IBM, in a contract worth several million dollars and valid for ten years, the two companies have announced. IBM will provide data center services and run Petrom's data center in Petrom City. “[...] The shared use of the space and the facilities will have a positive impact on our costs,” said Reinhard Pichler, Petrom CFO.

Romania will rapidly outrun many countries in the region if it solves the transport issue, by using European funds to develop projects in this area, among others, said Andreas Treichl (in picture), general manager and president of the Erste group.

Romania's unemployment rate fell to 6.8 percent in the second quarter, from 8.1 percent a quarter earlier, the National Statistics Institute said Tuesday. However, the jobless rate was higher compared with a rate of 6.3 percent in the second quarter of 2009, the statistics data showed.

The organizers of TEDx Bucharest have opened the applications sessions for the upcoming TEDx Bucharest event on October 15. The event will take place at the Crystal Palace Ballrooms in Bucharest, where 13 speakers from across four countries will create 'a brain spa of ideas', finding a common ground innovation between arts, culture, social entrepreneurship, technology, entertainment and design.

State-owned metro company Metrorex will choose the consultant for the airport metro line next year in spring. The consultant will decide whether the metro line connecting downtown Bucharest to the Otopeni airport will start from 1 Mai or Piata Victoriei existing metro stations.

Texas – based oil equipment producer Lufkin Industries, which has started working on its factory in Ploiesti, expects a EUR 30 million turnover in the first year of activity in Romania. It plans to grow the yearly turnover to around USD 70 million after two or three years of activity.

Romanian Prime Minister Emil Boc underscored the need for an overhaul of the Romanian state institutions, criticising politicians for 'staying captive to populist policies,' during a meeting on Tuesday with representatives of the World Bank.

Romanian businessman Dinu Patriciu, who has started to invest in retail earlier this year, plans to reach a total of 3,000 stores under the Mic.ro brand by the end of next year, which will include neighborhood stores as well as mobile kiosks. The investor expects this network to bring a EUR 1.5 billion turnover by the end of next year.

French hypermarket chain Cora has signed a lease agreement to open a hypermarket in GTC's Galleria Arad, which will be inaugurated in 2011. Romania Hypermarche, which runs the Cora hypermarket chain in Romania, will open a 9,000 sqm hypermarket in Galleria Arad as the first shop in the city.

Romanian businessman Dinu Patriciu, who has started to invest in retail earlier this year, plans to reach a total of 3,000 stores under the Mic.ro brand by the end of next year, which will include neighborhood stores as well as mobile kiosks. The investor expects this network to bring a EUR 1.5 billion turnover by the end of next year.

Oil and gas company Petrom has externalized its data center to IBM, in a contract worth several million dollars and valid for ten years, the two companies have announced. IBM will provide data center services and run Petrom's data center in Petrom City. “[...] The shared use of the space and the facilities will have a positive impact on our costs,” said Reinhard Pichler, Petrom CFO.

Romania will rapidly outrun many countries in the region if it solves the transport issue, by using European funds to develop projects in this area, among others, said Andreas Treichl (in picture), general manager and president of the Erste group.

Romania's unemployment rate fell to 6.8 percent in the second quarter, from 8.1 percent a quarter earlier, the National Statistics Institute said Tuesday. However, the jobless rate was higher compared with a rate of 6.3 percent in the second quarter of 2009, the statistics data showed.

The organizers of TEDx Bucharest have opened the applications sessions for the upcoming TEDx Bucharest event on October 15. The event will take place at the Crystal Palace Ballrooms in Bucharest, where 13 speakers from across four countries will create 'a brain spa of ideas', finding a common ground innovation between arts, culture, social entrepreneurship, technology, entertainment and design.

State-owned metro company Metrorex will choose the consultant for the airport metro line next year in spring. The consultant will decide whether the metro line connecting downtown Bucharest to the Otopeni airport will start from 1 Mai or Piata Victoriei existing metro stations.

Texas – based oil equipment producer Lufkin Industries, which has started working on its factory in Ploiesti, expects a EUR 30 million turnover in the first year of activity in Romania. It plans to grow the yearly turnover to around USD 70 million after two or three years of activity.

Romanian Prime Minister Emil Boc underscored the need for an overhaul of the Romanian state institutions, criticising politicians for 'staying captive to populist policies,' during a meeting on Tuesday with representatives of the World Bank.

Romanian businessman Dinu Patriciu, who has started to invest in retail earlier this year, plans to reach a total of 3,000 stores under the Mic.ro brand by the end of next year, which will include neighborhood stores as well as mobile kiosks. The investor expects this network to bring a EUR 1.5 billion turnover by the end of next year.

French hypermarket chain Cora has signed a lease agreement to open a hypermarket in GTC's Galleria Arad, which will be inaugurated in 2011. Romania Hypermarche, which runs the Cora hypermarket chain in Romania, will open a 9,000 sqm hypermarket in Galleria Arad as the first shop in the city.