Energy Financing Team (EFT) will supply energy to Stirom factory in Bucharest and the Lukoil refinery in Ploiesti, after having recently signed a contract with the two companies. Stirom has an annual consumption of 45GWh, while the Lukoil refinery, of 200GWh. EFT has also recently signed an energy supplying contract with cement producer Holcim for all its factories in Romania.

Jairaj Amin, the managing director of Deutsche Pfandbriefbank’s European syndication department, is understood to be leaving to work with Romanian billionaire entrepreneur Dinu Patriciu, according to a recent article run by propertyweek.com. “Amin is thought to be leaving to work with Romania’s richest man, the entrepreneur Dinu Patriciu. It is not clear yet what Amin’s role will be,” according to the publication.

The value of loans granted by banks to individuals and companies (the non-governmental loans) went up by 1.4 percent in May this year compared to the month before. The increase compared to May last year was of 2 percent. The governmental loans went up by as much as 60 percent in May this year compared to May last year.

H&M fashion retailer will open the first store in Romania in 2011, according to a recent report published by the company...

Events this week-end, June 25-27: National Ecologic Products Fair, Sanziene fair, Antique Fair. Concerts: Manowar, Volbeat, Accept, Paradise Lost, Orphaned Land, Gotan Project, Metallica, Slayer, Anthrax, Megadeth, Rammstein, Alice in Chains, Stone Sour, Anathema, Luna Amara, Massive Attack, Martina Topley-Bird

Movies this week-end: The Ghost Writer (Cinema Insider recommendation; see trailer), the A-Team, Les Herbes Folles

„Welcome to Romania!” or – better said - „Bun venit în România!” You like our town, you like the people that you’ve...

Energy Financing Team (EFT) will supply energy to Stirom factory in Bucharest and the Lukoil refinery in Ploiesti, after having recently signed a contract with the two companies. Stirom has an annual consumption of 45GWh, while the Lukoil refinery, of 200GWh. EFT has also recently signed an energy supplying contract with cement producer Holcim for all its factories in Romania.

French retailer Carrefour will open its fourth Carrefour Market supermarket in Bucharest tomorrow (Friday, June 25th) in Ghencea area of the city. The store covers 1,200 sqm and is located within Home & Design Mall. This is the second supermarket opening for Carrefour in Bucharest this week, after another store opened on Panduri street, a 700 sqm unit.

A recent article published in the Financial Times points out the severe austerity measures which will be taken by the Romanian government and the social response to these measures, by comparison to EU standards. “Romania's austerity measures are severe, even by current European Union standards: a 25 per cent pay cut for the country's 1.4m public sector workers, 200,000 civil service job cuts, and a 15 per cent reduction in pensions and unemployment benefits,” writes the Financial Times.

Energy Financing Team (EFT) will supply energy to Stirom factory in Bucharest and the Lukoil refinery in Ploiesti, after having recently signed a contract with the two companies. Stirom has an annual consumption of 45GWh, while the Lukoil refinery, of 200GWh. EFT has also recently signed an energy supplying contract with cement producer Holcim for all its factories in Romania.

Jairaj Amin, the managing director of Deutsche Pfandbriefbank’s European syndication department, is understood to be leaving to work with Romanian billionaire entrepreneur Dinu Patriciu, according to a recent article run by propertyweek.com. “Amin is thought to be leaving to work with Romania’s richest man, the entrepreneur Dinu Patriciu. It is not clear yet what Amin’s role will be,” according to the publication.

The value of loans granted by banks to individuals and companies (the non-governmental loans) went up by 1.4 percent in May this year compared to the month before. The increase compared to May last year was of 2 percent. The governmental loans went up by as much as 60 percent in May this year compared to May last year.

H&M fashion retailer will open the first store in Romania in 2011, according to a recent report published by the company...

Events this week-end, June 25-27: National Ecologic Products Fair, Sanziene fair, Antique Fair. Concerts: Manowar, Volbeat, Accept, Paradise Lost, Orphaned Land, Gotan Project, Metallica, Slayer, Anthrax, Megadeth, Rammstein, Alice in Chains, Stone Sour, Anathema, Luna Amara, Massive Attack, Martina Topley-Bird

Movies this week-end: The Ghost Writer (Cinema Insider recommendation; see trailer), the A-Team, Les Herbes Folles

„Welcome to Romania!” or – better said - „Bun venit în România!” You like our town, you like the people that you’ve...

Energy Financing Team (EFT) will supply energy to Stirom factory in Bucharest and the Lukoil refinery in Ploiesti, after having recently signed a contract with the two companies. Stirom has an annual consumption of 45GWh, while the Lukoil refinery, of 200GWh. EFT has also recently signed an energy supplying contract with cement producer Holcim for all its factories in Romania.

French retailer Carrefour will open its fourth Carrefour Market supermarket in Bucharest tomorrow (Friday, June 25th) in Ghencea area of the city. The store covers 1,200 sqm and is located within Home & Design Mall. This is the second supermarket opening for Carrefour in Bucharest this week, after another store opened on Panduri street, a 700 sqm unit.

A recent article published in the Financial Times points out the severe austerity measures which will be taken by the Romanian government and the social response to these measures, by comparison to EU standards. “Romania's austerity measures are severe, even by current European Union standards: a 25 per cent pay cut for the country's 1.4m public sector workers, 200,000 civil service job cuts, and a 15 per cent reduction in pensions and unemployment benefits,” writes the Financial Times.