Company managers expect to fire more staff between August and October while increasing prices on all activity segments, according to a survey by the National Statistics Institute in Romania. Managers in the manufacturing industry expect a stable production level in the following three months. They also expect a drop of 16 percent in the number of employees in the manufacturing industry.

Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

More than 125,000 tourists have spent their weekend in resorts on the Romanian Black Sea shore, but hotel operators expect their numbers to swell by a few more thousand. According to data from the "Litoral-Delta Dunarii" Association, on Friday night 126,525 tourists were officially registered with accommodation units in resorts on the Black Sea coast. The real figure should be higher, as these statistics do not consider people lodged in private homes or camps.

Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Budgetary revenues up 7.5% in July in the wake of VAT hike announcement – in Ziarul Financiar, Rising borrowing costs eat into Banca Românească's profit – in Ziarul Financiar, Amazon competes with Continental and Bitdefender for software developers in Iaşi – in Ziarul Financiar, Intesa lost EUR 3 million in the first quarter – in Ziarul Financiar, Volksbank's assets drop nu 1.9% in second quarter, to EUR 5.2 million – in Ziarul Financiar, Malev drops flight capacity by 7% in Romania – in Ziarul Financiar

Calendar of events for the period August 30 - September 2

The CET Govora thermal power plant will receive EUR 57 million for retooling through the Sectoral Operational Programme (SOP) for Environment. The money will go to electrostatic rehabilitation, desulphurisation equipments and compliance with environmental standards. All the paperwork for this project will be sent to Brussels by October 1, manager of CET Govora Mihai Balan said.

The European Federation of Journalists (EFJ) has decided to send an investigation commission to Romania following the pressure on Romanian journalists after the implementation of the Fiscal Code changes which made some employers substitute individual labor contracts for royalties, according to the Romanian Federation of Journalists (RFJ) Media Sind.

The Danube International Tournament (TID), in which hundreds of rowing boats from the riverside countries sail from its source down to where it flows into the Black Sea, on 2,516 km, will reach the Romanian stretch between August 29 and September 9.

Three quarters of Romanians think corruption has increased in Romania in the past five years, reveals a poll conducted by the Centre for Studying Opinions and Markets (CSOP) at the request of the Association for Implementing Democracy (AID). Only 6 percent of those interviewed think that corruption in Romania has decreased in the past few years, while 13 percent say that they do not feel any change of the corruption level in Romania.

Company managers expect to fire more staff between August and October while increasing prices on all activity segments, according to a survey by the National Statistics Institute in Romania. Managers in the manufacturing industry expect a stable production level in the following three months. They also expect a drop of 16 percent in the number of employees in the manufacturing industry.

Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

More than 125,000 tourists have spent their weekend in resorts on the Romanian Black Sea shore, but hotel operators expect their numbers to swell by a few more thousand. According to data from the "Litoral-Delta Dunarii" Association, on Friday night 126,525 tourists were officially registered with accommodation units in resorts on the Black Sea coast. The real figure should be higher, as these statistics do not consider people lodged in private homes or camps.

Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Budgetary revenues up 7.5% in July in the wake of VAT hike announcement – in Ziarul Financiar, Rising borrowing costs eat into Banca Românească's profit – in Ziarul Financiar, Amazon competes with Continental and Bitdefender for software developers in Iaşi – in Ziarul Financiar, Intesa lost EUR 3 million in the first quarter – in Ziarul Financiar, Volksbank's assets drop nu 1.9% in second quarter, to EUR 5.2 million – in Ziarul Financiar, Malev drops flight capacity by 7% in Romania – in Ziarul Financiar

Calendar of events for the period August 30 - September 2

The CET Govora thermal power plant will receive EUR 57 million for retooling through the Sectoral Operational Programme (SOP) for Environment. The money will go to electrostatic rehabilitation, desulphurisation equipments and compliance with environmental standards. All the paperwork for this project will be sent to Brussels by October 1, manager of CET Govora Mihai Balan said.

The European Federation of Journalists (EFJ) has decided to send an investigation commission to Romania following the pressure on Romanian journalists after the implementation of the Fiscal Code changes which made some employers substitute individual labor contracts for royalties, according to the Romanian Federation of Journalists (RFJ) Media Sind.

The Danube International Tournament (TID), in which hundreds of rowing boats from the riverside countries sail from its source down to where it flows into the Black Sea, on 2,516 km, will reach the Romanian stretch between August 29 and September 9.

Three quarters of Romanians think corruption has increased in Romania in the past five years, reveals a poll conducted by the Centre for Studying Opinions and Markets (CSOP) at the request of the Association for Implementing Democracy (AID). Only 6 percent of those interviewed think that corruption in Romania has decreased in the past few years, while 13 percent say that they do not feel any change of the corruption level in Romania.