Archive » August 2008 » 13 August 2008 The english news from 13 August 2008

  • The head of a SIF earns 5,000 a month

    The heads of financial investment companies (SIF), among the wealthiest Romanian companies, have a fixed monthly salary of some 5,000, according to sources close to the management…

  • MOL: Romanian turnover up 24%

    The Hungarian MOL oil and gas company, posted a 24 percent advance in turnover on the Romanian market for the first half of 2008, while the company's retail share dropped 3 percentage points compared to H1 2007, according to a report issued yesterday by the group…

  • Otto Bock enters the Romanian medical product market

    German Otto Bock, the global leader on the market of medical products for disabled persons, entered the Romanian market and targets medium-term business worth 4 million…

  • BCR employees on three-day work-to-rule strike complaining about tough conditions, longer schedule

    Employees of Banca Comerciala Romana (BCR), the largest bank by assets in Romania, will protest at their working place between August 13 and 15, unhappy with the modifications of the working schedule, the dismissal plan and the unequal payment, the president of their labor union announced…

  • Romania's central bank injects 1.37bn lei in the bank market

    Romania's Central Bank (BNR) placed 1.37 billion lei in the first repo operation since last August, at an average interest rate of 11.69 percent, announced Narcis Noaghea, dealer of top Romanian lender by assets Banca Comerciala Romana (BCR)…

  • Romania's Rompetrol Mulls Gas Distr Network Expansion By 2012

    Rompetrol Downstream, the retail division of Romania's second-largest oil company, Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, plans to extend by 2012 its franchised gas station network with another 250-300 units from independent companies…

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