CFR Marfa Posted RON133.5M Losses In 2011
Romanian state-owned railway company CFR Marfa last year posted losses of 133.5 million lei (EUR30.76 million), 67.9% higher than the level approved in its budget, RON79.5 (...)
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Bucharest City Hall To Pay EUR29M For Emergency Management System
Bucharest City Hall will pay the consortium of TeamNet International, UTI Systems, UTI Construction&Facility Management and Top Ram Project 126.8 million lei (VAT included, EUR29.2 million) (...)
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Bucharest Stocks Continue Upward Trend, BET-C At 3-Month High
The Bucharest bourse shook off a slow start and ended up almost 2% Friday, and the composite index touched a three-month peak, despite a weakening trend on the international markets after (...)
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ArcelorMittal Iasi Hikes Share Capital To RON241M
Romanian steel pipes maker ArcelorMittal Tubular Products Iasi (TPRO.RO) will increase its share capital by 78 million lei (EUR17.9 million) to RON241 million, the company said in a statement (...)
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Leu Dips Vs Euro In Quiet Market
Romania’s leu traded in ranges against the euro in late session Friday and closed slightly weaker on the day, after a lackluster day.
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Tarom's Net Loss Shrinks To RON252.2M In 2011
Romanian state-run airline Tarom has narrowed its losses by 24.2% to 252.18 million lei (EUR58.1 million) in 2011, from RON332.5 million a year earlier.
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Romanian Car Park Up 1.17% In 2011, To 5.48M Vehicles
Romania's car park grew last year by 1.17% to 5.48 million vehicles, including 4.323 million passenger cars, 0.36% higher than in 2010, according to the data released by the Driving License and (...)
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Titan Sees Lower Sales In FY 2012
Romanian milling and bakery company Titan (MPN.RO) estimates its sales will drop by roughly 5% to 331.6 million lei (EUR76.4 million) in the financial year to end in September, from RON348 (...)
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Romanians take to streets in austerity winter
Demonstrators shout slogans during snowfall during a protest against the government at Universitatii square in central Bucharest January 26, 2012.
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Above & Beyond bring trance to Bucharest again in March
The English trance outfit Above & Beyond are coming to Bucharest as part of their tour for their latest album 'Group Therapy', released in June 2011.
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Romanian lender BCR appoints Tomas Spurny as new CEO
The Supervisory Board of Romanian lender BCR named Tomas Spurny as their new CEO. He will replace Dominic Bruynseels whose contract expires on April 1, 2012. Bruynseels took over the helm of BCR, (...)
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Wienerberger appoints Corneliu Fecioru to lead Romanian operations
Corneliu Fecioru is the new manager of Austrian Wienerberger’s operations in Romania. He is a member of the company’s board for Sales and Marketing, according to the company. Corneliu Fecioru (...)
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Ceausescu's diplomacy treasures sold for EUR 54,000 at auction in Romania
Treasures from communist dictator Nicolae Ceausescu’s haul of diplomatic gifts went under the hammer at Artmark’s “Golden Age” auction, held Thursday, January 26. (...)
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Rosia Montana goes out in the central Square to claim its right to employment and decent life
Rosia Montana, 27 January 2012 – Rosia Montana is not just an empty phrase that the activists who claim themselves ecologists keep on uttering to remain in the public spotlight. Rosia Montana it’s (...)
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Two Dutch Companies To Create 250 Jobs In Cluj County, Romania
A Dutch logistics company will open its first Romanian office near the Transylvania Highway, hiring more than 100 people, while another Dutch company, which makes equipment for the food industry, (...)
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Growth Through Competitiveness
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American band Iron Butterfly rocks Romania this February
American rock band Iron Butterfly will perform in Bucharest on February 19, 2012, at Hard Rock Cafe (in Herastrau Park) in the capital city, from 20:30. Their gig in Romania is part of the (...)
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Bosch To Invest EUR60M In Production Unit In Jucu
Germany's Bosch will open a car part production facility in Jucu, northwestern Romania, an investment worth EUR60 million, local television Transilvania L!VE reported (...)
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BCR Asigurari To Change Name To Omniasig, Raise Its Share Capital By EUR47.7M
Shareholders of insurer BCR Asigurari will discuss on February 27 raising the company’s share capital by 207.1 million lei (EUR47.7 million), to RON250.3 million within its merger with insurer (...)
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Leu Down Vs Euro, Exchange Rate At 4.3394
Romania’s leu lost early gains versus the euro by midday Friday, while the central bank’s reference was virtually flat at 4.3394 units, from 4.3396 units a day (...)
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