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Trade unions undermine proposals of foreign investors to relaunch labour market

Only one of the five proposals to modify the Labour Code made by the Foreign Investors Council (CIS) and AmCham has been accepted by the draft variant proposed by trade unions and employers'...

Radu Racu · 28.01.2011 · 00:13 · 1 min
ZF English

Why is the state borrowing 100m euros from BRD and BCR for Otopeni airport?

The Otopeni Airport upgrade will be financed via a 100 million-euro "private" loan taken out by the national company that manages it, although theoretically the state borrowed 20 billion eur...

Radu Racu · 28.01.2011 · 00:12 · 1 min
ZF English

2011 will be the year of PC tablets, say eMag and Pcfun

Around 20,000 Romanians have an e-reader and a tablet PC, but the market will boom over the next few years along with the development of the content offer (books, applications) and of mobile...

Radu Racu · 28.01.2011 · 00:11 · 1 min
ZF English

Romanian cruise sales are 10% of what they could be

Annually, several thousand Romanians choose to go on a cruise for their holiday, with prices starting from several hundred euros, and reaching as much as 45,000 euros, the price of the most...

Radu Racu · 28.01.2011 · 00:10 · 1 min
ZF English

Gral Medical shareholders want to invest in a hotel

Robert and Georgeta Șerban, owners of Gral Medical private clinic network, want to open a 100-bed hotel outside Bucharest in two years at the latest, for which they are willing to invest 6 o...

Radu Racu · 28.01.2011 · 00:09 · 1 min
ZF English

Raiffeisen: Demand still the problem with lending

Clients' lack of confidence in the economy, on the one hand, and the low incomes and real estate uncertainties, on the other, are the main hurdles in the way of loan sales picking up, mainta...

Radu Racu · 28.01.2011 · 00:08 · 1 min
ZF English

Good signs in furniture industry: Silvarom to resume exports after four years

Silvarom furniture producer of Bucharest is in talks to resume exports this year, with Germany as the main destination. "We gave up exports at the moment the RON/euro exchange rate went belo...

Radu Racu · 28.01.2011 · 00:07 · 1 min
ZF English

First rival for Popoviciu's mall to arrive in September

Băneasa shopping centre of northern Bucharest, controlled by businessman Gabriel Popoviciu, will have its first direct competitor as of autumn, as the retail park part of Colosseum project o...

Radu Racu · 28.01.2011 · 00:06 · 1 min
ZF English

Crețu, Visa: Business and credit card transactions are picking up

The volume of transactions done on business and credit cards has started mounting rapidly since last autumn, showing companies' financial situation is also improving, says Cătălin Crețu, man...

Radu Racu · 28.01.2011 · 00:05 · 1 min