English Section

Corus, the second largest steelmaker in Europe, has announced plans to join forces with a Romanian company to build a 12 million EUR factory in Sfantu Gheorghe, Romania.

Turnover of "Construcţii Aeronautice" Ghimbav dropped drastically in the first semester, from 2.706 million lei to 1.659 million lei (more than 40%), as the company"s sales shrank from 2.587 million lei to 1.568 million lei.

The mayor of Bucharest, Sorin Oprescu, yesterday announced that he would review all the investment projects of the mayoralty and would reassess their priority, given the current economic context.

Romanian citizens with a valid passport will be able to enter the territory of Japan without visas, as long as their stay lasts less than 90 consecutive days, a press release by the Embassy of Japan says.

Eight construction workers have died on construction sites in the last ninety days.

Prime-Minister Emil Boc and the Minister of Transports, Radu Berceanu, arrived on Friday at the site of the Transylvania Highway, which is being built by American company Bechtel, in order to assess the progress of the works.

The Regional Development Agency (ADR) - West has received over 180 projects for non-reimbursable funding via the Regional Operational Programme (ROP) 2007 - 2013.

The management of Hidroelectrica on Friday announced they had not extended any direct energy sale contract with the private suppliers.

The subsidy allocated to the National Administration of Land Improvement (ANIF) will be supplemented by 47.14 million lei this year.

After having reported a 1.5% decline in turnover in the first half of 2009, metallic tile importer Final Distribution hopes to resume growth in the second half of the year, according to a press release.

Casa de Insolventa Transilvania and RVA Insolvency Specialists, the liquidators of the Brasov-based bearing manufacturer Rulmentul, have decided to reduce the sale price of the package of movable assets to 2.5 million EUR.

Family Frost had a turnover of 2 million Euros last year, and it estimates its sales for this year will reach 5 million Euros.

Five projects were submitted in the county of Bra ov in the first stage of the Program for the replacement or the completion of the standard heating systems with alternative heating systems using solar, geothermal and wind energy, as well as any...

Chemical plant "Oltchim" Râmnicu Vâlcea (symbol:OLT) reported losses of 116 million lei, (27 million Euros), in the first semester of 2009, three times higher over the same period of 2008, on the back of a 50% contraction of turnover,...

Dedeman, a wholly-owned Romanian retailer of construction materials, home decoration and do-it-yourself products has opened the second store in Bucharest on Valea Cascadelor Street.

Habitat Proiect - Iasi (RASDAQ:HBTT) has reported a substantial decrease in turnover, from 3,091,018 RON in H1, 2008 to 1,829,112 RON in H1, 2009.

Revenues of construction finishings maker "AdePlast" increased 6% YOY at the end of July 2009.

The Arad Municipal Roads Company (RADM), wholly owned by the Arad City Council, has filed for insolvency as a result of its incapacity to pay substantial overdue debts and the absence of any new contracts.

Petru Prunea, the former Chairman of the Board and General Manager of SSIF Broker - Cluj Napoca (BSE:BRK) has denied the information released by the management of the brokerage firm on Tuesday indicating that SSIF Broker had decided to give up a...

A consortium of London-based banks has agreed to disburse approximately 87 million EUR for the construction of the Brasov Airport, according to Brasov County Council Chairman Aristotel Cancescu.

The Town Hall of Ineu, Arad County, has announced the start of the construction works on the town"s ring road following the organization of an international tender won by a consortium formed by Confort SA and Nemzetkozi Betonut KFT.

Twelve student dormitories in the Tudor Vladimirescu Campus in Iasi will be completely renovated within a 15.8 million EUR project (VAT included) co-financed by the EU, the Ministry of Development and the Gh. Asachi Technical University in Iasi.

The National Association of Travel Agencies (ANAT) and the Romanian Authority for Consumer Protection (ANPC) recently signed a Collaboration Protocol intended to improve services in the hospitality industry and increase the satisfaction of...

So far, 1,520 citizens of Braşov have cancelled their contracts with water heating provider CET Braşov.

The number of structures answering to Prime Minister Emil Boc will be cut from 21 to 16.

Flamingo International, one of the leading electronics, home appliances and IT&C retailers on the Romanian market reported a group-wide sales surge of more than 30% in July compared to the month before, a press release indicates.

Work on residential project "Silver Mountain" in Poiana Braşov will speed up in the coming period, as INR Management Real Estate, the developer of the project, has received additional funding from BCR (Romanian Commercial Bank), which...

Trefo - Galati has announced plans to invest 100,000 EUR in industrial machinery to be able to manufacture new metallurgical products demanded especially by construction companies.

Most business leaders anticipate significant changes about the workplace of the future, according to a report made by JBA and commissioned by workspace solutions provider Regus.

The rental market in Bucharest stagnated in July, especially in terms of rents landlords are asking for.

"ArcelorMittal Tubular Products" Roman SA (symbol:PTRO, on the Rasdaq tier of the BSE) posted a significant drop in turnover, from 426,346,998 lei in H1 2008, to 219,268,184 lei at the end of June 2009, according to the semi-annual report...

The Chairman of the County Council of Arad, Nicolae Ioţcu, has visited the site where pipes used for the Arad - Szeged pipeline are being assembled.

Small- and medium-sized companies (having an annual turnover of up to 50 million EUR) will be able to borrow from GarantiBank up to 90% of the value of the VAT returns they are to receive from the State, as documented in the relevant audit...

Still no end to the woes of those who bought homes in the "Planorama" residential project.

IT outsourcing company "Capgemini Services" could begin operations in Iaşi in autumn this year, and could create at least 250 new jobs at first, according to discussions between the mayor of the city of Iaşi, Gheorghe Nichita, and the...

An issue that the intended beneficiaries of the "First Home" program will most likely face is the undervaluation of properties by the banks.

Turism Felix, a hotel company listed on RASDAQ as TUFE, concluded the first half of the year with losses of 1.26 million RON, compared to earnings of 230,000 RON in the first half of 2008.

Six months through the year, Banca Comerciala Carpatica (the Carpatica Commercial Bank) has reported a 145.2% year-on-year profit surge to 8.3 million RON amid a 44% increase in asset value to 3.29 billion RON, a press release indicates.

Fast-food chain McDonald"s Corp. said global sales gained 4.3 percent in July, beating analyst estimates, on demand for McCafe coffees and hamburgers, according to Bloomberg.

More than 2,700 companies in Galaţi ceased their operation in the first semester of 2009, Marian Filimon, head of the Professional Association of Small and Medium Enterprises in Galaţi said on Monday, for Agerpres.

Romanian-based software security solutions developer BitDefender has released an analysis of the phishing attacks conducted in Romania in the first half of the year.

The Bucharest rental market stagnated in July, especially as far as the owners" expectations are concerned.