Romania
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Praktiker 1H Sales In Romania Fall 10% To EUR62M
German do-it-yourself retail chain Praktiker Thursday reported first-half net sales of EUR61.9 million, down 9.8% on the year, hurt by harsh economic conditions.
Romania Auto Market Sees 16% Decline In 1H, While Luxury Car Sales On The Rise
New car sales in Romania saw a new decline by 16% to 43,000 units in the first half of 2012 and only 16 brands out of 40 posted growth, according to statistics by the Association of Automoti...
Romania Readies EUR100M State Aid Package For Local IT Giants
Each company that creates at least 300 new jobs and keeps them for at least five years may receive state aid worth over EUR28 million, according to a draft government decision published on t...
Luxury Car Sales In Romania Up Below 10% In 1H To 166 Units
Sales of luxury cars priced above EUR100,000 went up by less than 10% to 166 cars in the first half of 2012, compared with the same period in 2011, according to a ZF analysis based on statis...
Axxess Capital MD: Political Changes In Romania Already Brought A Negative Impact
Horia Manda, managing director of Axxess Capital, the company that manages the Romanian-American Enterprise Fund (RAEF), the Balkan Accession Fund (BAF) and the Emerging Europe Accession Fun...
Barroso: Romania Stepped Back From Edge, New Justice Report To Be Adopted In 2012
European Commission (EC) President Jose Manuel Barroso said Wednesday Romania has stepped back from the edge, but must honor all its commitments, adding that the Commission will continue to...
EC To Complete CVM Report On Romania Wednesday Morning - Official
The European Commission will complete Wednesday morning the report on Romania’s progress in the justice sector, after a point-by-point analysis of the response provided by the Romanian Gover...
EU Prepares To Stop Payment For Arad-Nadlac Highway Over Suspicions Of Fraud
The European Commission is preparing a letter to stop one payment for the construction of Romania's Arad-Nadlac highway, after finding irregularities and suspicions of fraud.
EC: Romania’s EU Fund Absorption Plan Failed, Authorities Refuse Assistance
European Commission officials told the Romanian ambassador to the EU that Romania’s plan targeting to increase the country’s European fund absorption rate has failed and authorities refuse a...