News - Business Review


Carpatair expects crowded inbound flights at Christmas

News December 07, 2009 14:34 0 comments

The airline expects a 95 percent occupancy rate on flights from these destinations to Romania. Outbound flights are expected to be 60 percent full. This is the airline’s second round of additional flights this year,…more »

Print house Radin plans EUR 1 million business in Romania next year

News December 07, 2009 14:32 1 comment

The local book-printing market, a major area of the firm’s business, is estimated at EUR 80 million. It has dropped by only 15 percent this year because it is still supported by book give-aways with…more »

Governments likely to retain stakes in financial institutions for 5-7 years, according to PwC

News December 07, 2009 14:30 0 comments

The complexity of individual financial institutions’ situations, difficult market conditions and an unattractive disposal environment combine to make the possibility of governments’ exiting their stakes in the private sector in the short term highly unlikely.…more »

Medeus declares insolvency due to liquidity problems

News December 07, 2009 14:20 0 comments

The producer is owned by local businessmen Daniel Marcu, Timotei Dobanda and Aurel Ion. They have also filed for insolvency for another business they own, Goodies'97 in Prahova. The two companies will submit their reorganization…more »

Romanian investment fund collapse fugitive arrested in Jakarta

News December 07, 2009 14:15 0 comments

Popa was sentenced to jail along with Ioana Maria Vlas over the collapse of the National Investment Fund. The Romanian authorities have initiated proceeding to have the fugitive returned to Romania where he will serve…more »

Individuals and corporate deposits inch upwards

News November 30, 2009 00:00 0 comments

RON deposits from households fell by 0.7 percent in the period to RON 58.58 billion, but compared with last October, they were up 17.2 percent. Anda Draganmore »

Banks lend Ministry of Finance EUR 1.4 billion

News November 30, 2009 00:00 0 comments

The loan is the equivalent of about 1.2 percent of the estimated GDP for 2009 and is the largest amount ever raised by the Romanian state both on the domestic and foreign markets, excluding its…more »

Dacian Ciolos becomes EU commissioner designate for agriculture

News November 30, 2009 00:00 0 comments

The EC proposals for commissioners have designated Spain the competition portfolio, Hungary employment, UK foreign affairs and security, France the internal market and services, Malta health and consumer policy, Greece maritime affairs, Belgium trade, the…more »

WizSalary estimates EUR 1 million turnover in 2009

News November 30, 2009 00:00 0 comments

Salary-processing outsourcing represents the main development direction as far as the services offered by the company in 2010 are concerned, along with transferring all clients onto the new version of WizSalary, which will include a…more »

Unirea Shopping Center makes EUR 1.2 million profit in Q3

News November 30, 2009 00:00 0 comments

The Unirea Shopping Center company runs two shopping malls, one in Bucharest and the other in Brasov. The Bucharest center had 40,000 visitors each day during the period. Unirea Shopping Center, which is listed on the…more »