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Deva-Sibiu Highway Delayed Until 2014
Companies

Deva-Sibiu Highway Delayed Until 2014

The 115-kilometer long Deva-Sibiu (central Romania) highway will be completed as late as next year, even though its five sections should have been done by April and May 2013, according to th...

Oana Gavrila · 30.04.2013 · 08:10 · 1 min
Romania Economic Sentiment Falls To 4-Month Low In April - EU Survey
Macroeconomics

Romania Economic Sentiment Falls To 4-Month Low In April - EU Survey

Romania’s economic sentiment index fell for a second straight month in April, on increased pessimism in most sectors, a widely watched European Commission monthly survey showed Monday.

Florentina Dragu · 29.04.2013 · 17:00 · 1 min
Isarescu Superstitious About Hiking Romania's Gold Reserves
Banks-Insurance

Isarescu Superstitious About Hiking Romania's Gold Reserves

The head of the Romanian central bank says the country does not need to increase its gold reserve above 100 metric tons as each time the reserves rose past that level “something bad” happene...

Florentina Dragu · 29.04.2013 · 13:20 · 1 min
AdePlast Wants To Invest In Ukraine
Companies

AdePlast Wants To Invest In Ukraine

Romanian building materials producer AdePlast, controlled by businessman Marcel Barbut, wants to expand production to Ukraine, where it plans to build two polystyrene and dry mortar producti...

Ioana Tudor · 29.04.2013 · 13:11 · 1 min
Furniture Maker Lemet Opens Store In Craiova Following RON1.7M Investment
Real Estate

Furniture Maker Lemet Opens Store In Craiova Following RON1.7M Investment

Furniture maker Lemet has opened its first store this year, in Craiova, following an investment of around RON1.7 million.

Oana Gavrila · 29.04.2013 · 12:34 · 1 min
Romania May Forbid Installing Solar Panels On Farmland
Energy

Romania May Forbid Installing Solar Panels On Farmland

Solar power producers may be forbidden to install photovoltaic panels on farmland, Romanian Minister-delegate for Energy Constantin Nita said Monday.

Ioana Tudor · 29.04.2013 · 12:30 · 1 min
Companies

Turbomecanica 1Q Loss Narrows To RON1.64M

Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) Monday said its loss narrowed 47% to 1.64 million lei (EUR0.37 million) in the first quarter, from RON3.07 million in the year-...

Florentina Dragu · 29.04.2013 · 12:30 · 1 min
Luxury Lingerie Store La Perla Targets 8% Increase In Sales This Year
Retail&Consumer

Luxury Lingerie Store La Perla Targets 8% Increase In Sales This Year

Luxury lingerie store La Perla targets an 8% increase in sales this year, from EUR280,000 in 2012, its first year on the Romanian market.

Oana Gavrila · 29.04.2013 · 11:33 · 1 min
Housing Permits Rise 43.1% On Month In March
Macroeconomics

Housing Permits Rise 43.1% On Month In March

Romanian housing permits rose 43.1% to 3,049 units in March, from 2,130 units a month earlier, the country’s statistics institute INS said Monday.

Bogdan Neagu · 29.04.2013 · 10:15 · 1 min