Star Storage, a company which specializes in data storage and information management, grew its turnover by 51 percent in the first half of the year, to EUR 7.8 million, compared to the first six months of last year. The company hopes to achieve an overall increase of 30 percent for the entire year, reaching EUR 18 million in turnover.

The unemployment level in Romania should stay at a stable rate towards the end of the year, said Romanian Labor Minister Mihai Seitan. “I don't expect an increase to a level higher than what it was in December lats year – 8.3 or 8.1. I can't give specific numbers, but anyway, it won't be higher than the level at the end of last year,” said Seitan.

Telecom operator RCS&RDS has introduced a new online bill payment facility. The facility was built in partnership with lender BCR and EuroPayment Services. The online payment facility is accessible through the telecom's operator webpage, through a Digi account

Romania is one of the countries British travelers are avoiding this summer, along with Greece, Iceland, Turkey and Russia, writes an article in The Guardian.

The local subsidiary of Oracle Corporation, signed a five-year agreement for a 14,000 sqm office area in two office buildings, Oracle Tower and Nusco Tower, according to The Advisers/Knight Frank, who represented Oracle in the deal. Oracle will move to the new premises in Nusco Tower starting this autumn.

Japanese car market Infiniti sold six cars in Romania since the beginning of the year, which was higher than qhat it has sold during the same period of last year: one Infiniti car.

Romania's tourism Brand Council, which held e meeting earlier today, has recommended the country kept the leaf in its recently launched logo, according to Paul Marasoiu, council member.

Peninsula Festival, which will take place for three days starting August 26 at Targu Mures, will include as many as 70 bands or singers playing in the festival's concerts (see list of all bands below). The event will also include movie screenings and other events organized by non-governmental institutions.

The shareholders of real estate developer BelRom, Kris Henri Remi Carton and Steven Van Den Bossche have bought land on the premises of the Electroputere Craiova factory and plan to build a shopping center on some of the area. The mall will be called Electroputere Shopping Center and will require investments of EUR 45 million.

Ten insurance companies have together accumulated a loss of EUR 80 million last year, according to a report published by the Insurance Surveillance Commission (CSA). The ten companies which have posted losses last year are Ardaf, BCR Asigurari, Fata Asigurari, Groupama, OTP Garancia, Certasig, Eureko, KD Life, Omniasig Viata and Signal Iduna. There are 40 insurance companies on the Romanian market.

Star Storage, a company which specializes in data storage and information management, grew its turnover by 51 percent in the first half of the year, to EUR 7.8 million, compared to the first six months of last year. The company hopes to achieve an overall increase of 30 percent for the entire year, reaching EUR 18 million in turnover.

The unemployment level in Romania should stay at a stable rate towards the end of the year, said Romanian Labor Minister Mihai Seitan. “I don't expect an increase to a level higher than what it was in December lats year – 8.3 or 8.1. I can't give specific numbers, but anyway, it won't be higher than the level at the end of last year,” said Seitan.

Telecom operator RCS&RDS has introduced a new online bill payment facility. The facility was built in partnership with lender BCR and EuroPayment Services. The online payment facility is accessible through the telecom's operator webpage, through a Digi account

Romania is one of the countries British travelers are avoiding this summer, along with Greece, Iceland, Turkey and Russia, writes an article in The Guardian.

The local subsidiary of Oracle Corporation, signed a five-year agreement for a 14,000 sqm office area in two office buildings, Oracle Tower and Nusco Tower, according to The Advisers/Knight Frank, who represented Oracle in the deal. Oracle will move to the new premises in Nusco Tower starting this autumn.

Japanese car market Infiniti sold six cars in Romania since the beginning of the year, which was higher than qhat it has sold during the same period of last year: one Infiniti car.

Romania's tourism Brand Council, which held e meeting earlier today, has recommended the country kept the leaf in its recently launched logo, according to Paul Marasoiu, council member.

Peninsula Festival, which will take place for three days starting August 26 at Targu Mures, will include as many as 70 bands or singers playing in the festival's concerts (see list of all bands below). The event will also include movie screenings and other events organized by non-governmental institutions.

The shareholders of real estate developer BelRom, Kris Henri Remi Carton and Steven Van Den Bossche have bought land on the premises of the Electroputere Craiova factory and plan to build a shopping center on some of the area. The mall will be called Electroputere Shopping Center and will require investments of EUR 45 million.

Ten insurance companies have together accumulated a loss of EUR 80 million last year, according to a report published by the Insurance Surveillance Commission (CSA). The ten companies which have posted losses last year are Ardaf, BCR Asigurari, Fata Asigurari, Groupama, OTP Garancia, Certasig, Eureko, KD Life, Omniasig Viata and Signal Iduna. There are 40 insurance companies on the Romanian market.