With 6,000 houses damaged by the recent floods and no previous home insurance, the Romanian state will have to pay out EUR 400 million to rebuild some of these houses and the other damaged caused by flooding in the country. Government representatives estimate the value of the damages could even reach EUR 450 million, according to Mediafax newswire.

The energy consumption in Romania, which was down in Romania last year on the previous, has actually managed to increase in the first seven months of this year, by 5.23 percent, compared to the same period of last year.

Local Indie band The Amsterdams will open for the Cranberries concert in Bucharest on Tuesday, July 20. The Amsterdams...

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.

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.

BMW sold 689 cars in Romania in the first half of this year and will launch the second generation of the BMW X3 car (in...

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.

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

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.

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.

With 6,000 houses damaged by the recent floods and no previous home insurance, the Romanian state will have to pay out EUR 400 million to rebuild some of these houses and the other damaged caused by flooding in the country. Government representatives estimate the value of the damages could even reach EUR 450 million, according to Mediafax newswire.

The energy consumption in Romania, which was down in Romania last year on the previous, has actually managed to increase in the first seven months of this year, by 5.23 percent, compared to the same period of last year.

Local Indie band The Amsterdams will open for the Cranberries concert in Bucharest on Tuesday, July 20. The Amsterdams...

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.

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.

BMW sold 689 cars in Romania in the first half of this year and will launch the second generation of the BMW X3 car (in...

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.

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

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.

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.