International Monetary Fund (IMF) and Romanian Government experts have included a 6.8 percent budget deficit on their economic forecasts, according to the Finance minister Sebastian Vladescu.
Cheese producer Bongrain Europe has recently closed its acquisition of a 52 percent stake in local Delaco, according to Biris Goran law firm, which acted as advisor on the deal for the buyer. The deal, which had been previously announced, has got the Romanian Competition Council clearance.
Two new music channels will be launched in Romania this fall, following an initial investment of EUR 50,000. Mooz Hits and Mooz Ro, the music channels which have recently received the license from the Romanian Audiovisual Council (CNA) are part of an investment by Ionut Samoila, who is one of the shareholders in Party TV music channel.
Online retailer eMAG.ro posted a turnover of EUR 41 million in the first six months of the year, which was up 64 percent on the same period of last year, the company has announced. EMAG expects the online retail market in Romania to grow in the second half of the year, after it went up by 30 percent in the first half.
Laurentiu Tulvan is the new industrial director with dairy maker Danone Romania. The company has also appointed Irina Fadeeva as head of the distribution chain.
Air carrier FlyNiki, owned by Formula 1 champion Niki Lauda and by Air Berlin, will increase the number of flights to and from Bucharest on the Bucharest – Vienna route starting October this year
Renault and Automobile Dacia are midway through works for a new Logan model, which should replace the existing Dacia Logan in 2012, according to Ziarul Financiar. The future Logan generation will be named X52 – the existing one is called X90.
Romanian media, Boc goes after the fortunes of businesspeople, the only ones who can pull the country out of the crisis – in Ziarul Financiar, Franks spent over 6 hours at the NBR to discuss on economic revival – in Ziarul Financiar, Dacia close to completing future Logan, codenamed "X52" – in Ziarul Financiar, Top ten insurers made 1,400 employees redundant in a year – in Ziarul Financiar, Romanians get 4bn fiscal receipts a year for food and detergents – in Ziarul Financiar
If you're a pancakes fan, tell your taste buds to prepare for the the Pancakes Festival which will take place in Moneasa between July 31st and August 1st. The organizers of the event plan to prepare as many as 20,000 pancakes, which will be a record-breaking number compared to the previous editions of the festival.
Official unemployment went down in Romania in June this year compared to May, although as many as 70,500 people were officially recorded as unemployed in June, according to data from the National Agency for Workforce Occupancy.