Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
Cora Invests EUR120M And Hires 1,000
French-Belgian retailer Cora, which holds a chain of eight stores on the Romanian market, plans to invest EUR120 million this year, half for the opening of new stores and half to buy land.
Basescu: Goal Of Nuke-Free World Must Be Correlated With NATO Nuclear Policy
Romania believes that moving towards the goal of a world free of nuclear weapons must be correlated with NATO's nuclear policy, President Traian Basescu said Monday in the first session of t...
Antifraud Department In 2011 Found Problems With EU-Funded Projects Worth EUR30M
Romania's Antifraud Department (DLAF) in 2011 found problems and cases of fraud in EU-funded projects worth almost EUR30 million, ten times more than the amount requested back from beneficia...
Romania To Increase Local Taxes By 16% Next Year – Draft
Local taxes in Romania will be raised next year by 16.05%, the cumulated rate of inflation for 2010-2012, says a draft decision by the Finance Ministry.
What Properties EUR1B Can Buy In Bucharest
The billions of euros have vanished from the real estate market, even though such an acquisition budget could buy much better and cheaper property than in 2007 or 2008, when this money exist...
DTZ: At Present It Is Almost Impossible To Develop A Genuine Mall Outside Bucharest
Low consumption and financing problems are the main obstacles making it almost impossible to develop a “genuine” mall at present outside Bucharest, despite the fact that there would be room...
Bucharest’s Fictional Budget Based On 30% Higher Revenues Than In 2011
Bucharest's general council has approved the city's budget more than a month and a half after the legal deadline, an extremely optimistic budget even for this election year, with revenues ex...
Head Of Rompetrol Packs His Bags. What Does He Leave Behind?
Rompetrol, the second-largest player on the Romanian oil market, is preparing for major changes, as the $6.8 billion (EUR4.5 billion) business awaits a new CEO, who will also come from Astan...
Fiscal Authorities Freeze 3 Million Accounts For Debts Of RON10B In 2011
Almost 30,000 Romanians and 240,000 companies had their accounts frozen by fiscal authorities after they failed to pay their taxes.
Foreigners Spent EUR1B On Romanian Holidays, While Romanians Spent EUR1.4B Abroad in 2011
The money spent by the Ministry of Regional Development and Tourism from 2009 through 2011 in order to develop tourism and get foreigners to come to Romania made no impact on the economy. Ce...
BCR Posts RON0.5B Loss In 2011
BCR, the largest Romanian bank, ended 2011 with a net loss of 511 million lei (EUR117 million) compared with a profit of RON55.4 million in 2010, according to its filings based on the Romani...
Competing With FMCG Giants: Three Romanian Entrepreneurs Built A Liquid Detergent Plant
Three Romanians have invested about EUR1 million in a liquid detergent plant in Prahova County (southern Romania). 70%percent of the money used to build the facility came from the European U...