Romanian Andromede Decor, the owner of gift and home decor retailer bam boo, has entered insolvency procedures in order to reorganize its activity. We started reorganization procedures in order to adapt our business to the realities of the current economy," according to Philippe Eustratiades, manager at Andromede Decor.

Cocor SA, the company which owns Cocor Department Store, doubled its turnover in the fourth quarter of the year compared to the same period of 2009, after the renovation process of the store was finalized. The company posted a EUR 1.95 million turnover in the last quarter of 2010, while its profit was of EUR 651,000. The profit grew from almost EUR 7,000 in the same quarter of 2009.

Romanians who were compensated for their communism-seized property in Fondul Proprietatea stock will not be taxed on the profit achieved in selling the shares on the stock market, according to Dana Mirela Ionescu, head of brokerage firm Raiffeisen Capital&Investment (in picture).

Romanian lender BCR witnessed an increase of 29 percent in the volume of card transactions at retailers in 2010 and plans to grow this volume by 20 percent this year.

Qatar Airways has inaugurated the first direct flight connecting Romania and Qatar. The airline flies from Bucharest to Doha, but also to destinations like Bangkok, Denpasar, Dubai, Maldives and Melbourne. Qatar Airways operates four flights a week on the new route, according to their website.

Several Romanian tourism development associations have recently launched the mobile cooking Romania program, which combines sightseeing of spectacular places with cooking and tasting of culinary treasures of the Carpathian garden. The project is organized by the Carpathian Tourism Cluster, the Monteoru Renaissance association, the Brasov tourism association and the Association of Truffle Hunters in Romania.

The International School for Primary Education organizes a cocktail evening on February 12, starting 20,00 hours, at the Terra Grand Ballroom within the Ramada Parc hotel in Bucharest.

Deloitte Romania has appointed Dan Bădin Partner and head of the direct tax and transfer pricing consultancy.

Romania will pay the International Monetary Fund interest worth EUR300 million for the loan installments transferred this year. Thus, interest paid this year is similar to the amount paid last year. The first tranche is set for February 1.

Traffic on the Constanta County waterways in southeastern Romania, specifically along the Danube - Black Sea Canal and the Poarta Alba - Midia Navodari Canal, grew by 4.8 million tonnes in volume in by 3 million tonnes of freight 2010 compared to 2009.

Romanian Andromede Decor, the owner of gift and home decor retailer bam boo, has entered insolvency procedures in order to reorganize its activity. We started reorganization procedures in order to adapt our business to the realities of the current economy," according to Philippe Eustratiades, manager at Andromede Decor.

Cocor SA, the company which owns Cocor Department Store, doubled its turnover in the fourth quarter of the year compared to the same period of 2009, after the renovation process of the store was finalized. The company posted a EUR 1.95 million turnover in the last quarter of 2010, while its profit was of EUR 651,000. The profit grew from almost EUR 7,000 in the same quarter of 2009.

Romanians who were compensated for their communism-seized property in Fondul Proprietatea stock will not be taxed on the profit achieved in selling the shares on the stock market, according to Dana Mirela Ionescu, head of brokerage firm Raiffeisen Capital&Investment (in picture).

Romanian lender BCR witnessed an increase of 29 percent in the volume of card transactions at retailers in 2010 and plans to grow this volume by 20 percent this year.

Qatar Airways has inaugurated the first direct flight connecting Romania and Qatar. The airline flies from Bucharest to Doha, but also to destinations like Bangkok, Denpasar, Dubai, Maldives and Melbourne. Qatar Airways operates four flights a week on the new route, according to their website.

Several Romanian tourism development associations have recently launched the mobile cooking Romania program, which combines sightseeing of spectacular places with cooking and tasting of culinary treasures of the Carpathian garden. The project is organized by the Carpathian Tourism Cluster, the Monteoru Renaissance association, the Brasov tourism association and the Association of Truffle Hunters in Romania.

The International School for Primary Education organizes a cocktail evening on February 12, starting 20,00 hours, at the Terra Grand Ballroom within the Ramada Parc hotel in Bucharest.

Deloitte Romania has appointed Dan Bădin Partner and head of the direct tax and transfer pricing consultancy.

Romania will pay the International Monetary Fund interest worth EUR300 million for the loan installments transferred this year. Thus, interest paid this year is similar to the amount paid last year. The first tranche is set for February 1.

Traffic on the Constanta County waterways in southeastern Romania, specifically along the Danube - Black Sea Canal and the Poarta Alba - Midia Navodari Canal, grew by 4.8 million tonnes in volume in by 3 million tonnes of freight 2010 compared to 2009.