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Romania Leu Gains 0,2% Vs Euro
Romania’s national currency extended early gains versus the euro in mid trade Monday and the central bank’s reference won 0.2% to 4.2578 lei/euro, from 4.2669 units on Friday. Against the US dollar, the leu's indicative lost nearly 0.4% on the day at 3.2032 units. citeste mai mult
European Commission Demands Investigations Regarding CIA Secret Prisons in Romania
The European Commission asked member states to continue “in depth, independent and impartial investigations to establish the truth, whatever the truth may be” regarding allegations that some EU countries housed CIA secret prisons. According to C.I.A. officials, cited by New York Times, “one jail was a renovated building on a busy street in Bucharest, Romania”. “We are aware of the claims but they are claims. The Commission has repeatedly stressed the need for... citeste mai mult
Dacia has sold over 194,000 cars in 2008
Romanian carmaker Dacia, the local unit of French Renault, reported a 17.1% increase in global sales, to 194,165 units, in the first nine months of the year, compared with 165,834 units in the same period a year ago, according to data offered by Renault. Of total sales, 181,081 vehicles were sold in the January-September period, up 15.4% on year, and 8,925 light commercial vehicles were sold during the same period, up 46.6% on year. Renault Group's market share in Romania decreased by... citeste mai mult
Volkswagen brings VW Scirocco to Romania
Porsche Romania, local importer of Wolkswagen cars, launched the Scirocco hatchback, available in two petrol engines, at prices ranging between 21,603 euro and 24,808 euro, VAT included. The sales target for Scirocco, which is available exclusively with three-door hatchback body, is 60 units this year and some 250 units in 2009, Wolkswagen brand manager Matei Albulescu told Mediafax. The base engine of the new VW model develops 160 horsepower from 1,400 cc. this engine comes... citeste mai mult
Bulgaria, the country of the golden sands
When you say Bulgaria, you don’t say only the Golden Sands, but you enumerate a series of new resorts turned up at the Black Sea side. When you say Bulgaria, you say Kozlodui. When several Romanians that aren’t anymore at the first youth speak about Bulgaria, they remember about the evenings they’ve spent in company of the Bulgarian television, when the children knew how to say “Good night, kids” in the language of the neighbors from South of the Danube.... citeste mai mult
30 million people lost their data in 2008
The Organization "Identity Theft Resource Cente" in San Diego, USA, found that the number of information theft this year paled the number of 446 of successful attacks in 2007. With a rate of approximately 57 companies who are losing sensitive information every month, organizations that monitor the phenomenon say that this year they expect at least 680 attacks. Article Translated by: NiC Translation Agency In 2007, 446 attacks have led to loss of data of 127 million... citeste mai mult
Two Europeans accused of hacking in U.S.
A British citizen and a German one are charged of having launched a series of attacks against a chain stores in the U.S. Article Translated by: NiC Translation Agency Lee Graham Walker from England was arrested under the charge of conspiracy and destruction of an information system, according to the Federal Bureau of Investigations of the United States (FBI). Axel Gemble is also accused, a German citizen. If they are found guilty, each risks a maximum penalty of 15 years in... citeste mai mult
The 21st century hacker: the dissatisfied employee
Information attacks are initiated by political motivated persons or by industrial thieves, right? In fact, 70% of the attacks are coming from inside the company. Article Translated by: NiC Translation Agency Employees are responsible for almost one third of the loss of data from the financial institutions. Increasingly more business taking place in a computerized environment, and companies should be increasingly worried about the 21 st century hacker - unhappy... citeste mai mult
Romanian drug suppliers on stand-by until the 15th of October
Romanian medicine suppliers on Saturday said drug deliveries are suspended until at least the 15 th of October, pending new price negotiations with the Health Ministry. Medicine suppliers are discontent with the ministry's offer to recalculate drug prices for only 200 out of total 4,000 products delivered to hospitals and drugstores, said Viorel Vasile, president of Romanian Medicine Suppliers' Association. The Romanian Pharmacists' College said on Friday that suppliers suspended drug... citeste mai mult
Romania's August net salary down 2.4% to 1,277 RON
Net average salary of Romanian employees was down 2.4% on the month in August to 1,277 lei (1 euro = 3,8720 RON), the National Statistics Institute said on Monday. In nominal terms, the salary was 31 RON lower compared with 1.246 RON in July. In real terms, wages were 2.8% lower on the month, but 122% higher than in October 1990. Air transport employees saw the biggest average net salaries of 3.188 RON, while employees in the clothing industry were at the opposite pole with 731 RON.... citeste mai mult
Dacia introduces the Logan MCV in Paris auto show
Romanian carmaker Dacia premiered the Logan MCV in the Paris Auto Show. The company also introduced the Logan eco2 concept and the 1.5 liter and 85 hp Sandero diesel, which will be launched in Romania early next year. The revamped Logan MCV has the interior and the front side similar to those of a revamped Logan Sedan, while the rear bumper has seen some slight tweaking. Automobile Dacia general manager Francois Fourmont told Mediafax late September that a decision regarding the sale... citeste mai mult
Porsche Romania targets selling 40 Bentleys in 2009
Porsche Romania plans to sell 40 Bentley cars in 2009 and five cars this year, Brent Valmar, the company's president, said on Thursday in a press statement. Porsche Romania has officially launched the English manufacturer of luxury automobiles brand Bentley on the Romanian market on Thursday. The cars will be sold through the Bentley Bucharest unit. The company opened a temporary showroom in the company's showroom in northern Bucharest and next year it will invest 12 million euro in... citeste mai mult
InBev - Anheuser-Busch deal approved by InBev shareholders
InBev shareholders approved, on Monday, the 32,8 billion euro takeover of Anheuser-Busch. They also approved changing the companyi's name to Anheuser-Busch InBev. After this transaction , Anheuser-Busch InBev has become the worldi's largest brewer. More than three-quarters of InBevi's shareholders voted in favor of the deal, the name change and the capital increase at a meeting at the companyi's Leuven, Belgium headquarters. August Busch IV, former chief executive of Anheuser-Busch,... citeste mai mult
Vosganian: Current account gap down to 13.5% of GDP In 2008
Romania's current account deficit will narrow to 13.5% of gross domestic product, or GDP, and exports will grow at a higher pace than imports in 2009 when the current account deficit will slow to 12% of GDP, Economy and Finance Minister Varujan Vosganian said on Tuesday. "In 2009, exports will grow by 17-18%, while imports will rise by 12%. Next year, exports are seen rising by 5-6 percentage points over imports as well, and that will trigger a current account deficit of 12% of... citeste mai mult
Porsche Romania will officially import, Bentley automobils
Porsche Romania will officially import and trade the luxury auto brand Bentley as of Thursday, the local unit's brand manager Adrian Pascu said on Tuesday. The official operations for Bentley brand start in a provisory showroom on around 200 square meters. It and will be transferred into a luxury showroom on 600 square meters as of the half of next year, next to Audi, Porsche and Lamborghini brands. Porsche Romania is the largest auto importer on the local market, equally trading... citeste mai mult
Managers predict growth in all four major sectors of the Romanian economy
Romanian managers are positive about the four major sectors of the Romanian economy, namely the industrial, service, construction and retail sectors, between September and November, the National Institute for Statistics, or INS, said on Monday. Local managers expect prices to rise in all four economic major sectors in September and November period. They also expect output to grow in the industrial, retail, and service sectors and to stagnate in constructions sector in... citeste mai mult
Citigroup will acquire Wachovia
Citigroup will acquire the banking operations of Wachovia bank, in a deal facilitated by the Federal Deposit Insurance Corp. Citigroup will absorb up to $42 billion of losses in the deal, while the Federal Deposit Insurance Corp. will cover any remaining losses. Citigroup also will grant the FDIC $12 billion. The premises of the transaction are that Wachovia would not fail, that all depositors are protected and there will be no cost to the Deposit Insurance Fund. The sale of... citeste mai mult
Czech company AAA Auto aims to sell 49% of Romanian unit
Czech automotive company AAA Auto aims to sell a 49% stake of its Romanian division to a local partner, to gain a better entry into the local market with easier access to good-quality and liquid used cars with secure origin, which was the company's main challenge on the Romanian market so far.. The company's board will make a decision in June on the re-launch plan and the future strategy for Romania. The printed media repeatedly wrote in the last three months about AAA Auto's intention... citeste mai mult
SNC-Lavalin takes over Romproiect
Canadian group SNC-Lavalin took over Romanian engineering company Romproiect and will soon complete the purchase of another company on the same segment, SNC-Lavalin communications manager Dominique Morval told Mediafax. The Canadian official did not offer any details regarding the identity of the second company targeted or the value of the two transactions. The two companies will supply the Canadians with a stronger position on the Romanian and eastern European market, according to a... citeste mai mult
Alitalia canceled ten flights on Otopeni airport
Ten Alitalia flights, departures and arrivals on Otopeni Airport were canceled yesterday. Passengers were taken over by other companies. In the afternoon the carrier returned to the cancellation of the evening flights, they following to be still conducted with Alitalia aircraft. According to the representatives of the company, today's flights were to be made in normal regime, less the one of Milan, at 8 o'clock. They announced the cancellation was made because of "operational... citeste mai mult
Nokia launches mobile TV shows for N96
Nokia is set to launch a series of mobile TV shows to support the launch of its new N96 mobile phone. The six Capsule N96 series, covering motoring, fashion, technology, lifestyle and comedy will be available for download from Nokiai's website from 1 October until the end of November. The 96 second, weekly shows are designed to promote the TV functionality of the N96. Simon Ainslie, MD for Nokia, said the short-form content made available reflects the needs of consumers,... citeste mai mult
Fondul Proprietatea to sue Finances Ministry
Romania's investment fund Fondul Proprietatea intends to sue the Economy and Finances Ministry to regain the remaining stake until 20% in nuclear power operator Nuclearelectrica, after this had been lowered following several share capital hikes made by the nuclear plant. Fondul Proprietatea, which has been set up in 2005 to compensate romanians who were illegally dispossessed of their properties during the communist regime, currently owns 17.36% of Nuclearelectrica. "Fondul... citeste mai mult
The E-mail of the Republican Sarah Palin, hacked by a Democrat
The Republican candidate for the vice-president position in the United States, Sarah Palin, lost control of his address e-mail after a group of hackers entitled "Anonymous" managed to break her Yahoo account last week. According to the site wikileaks.org, a hacker with links to a group of notorious informatics criminals has managed to log into the Republican’s account around midnight, on September 17. Screenshots with a WebBrowser logged on gov.palin@yahoo.com address were... citeste mai mult
FBI, following the influent guys on Wall Street
Among the structures taken in sight by the FBI, there are included the companies in financial difficulty, agencies such as refinancing of real estate loans, Fannie Mae and Freddie Mac, along with bank Lehman Brothers, which entered into bankruptcy on Sept. 11, and AIG – the worldwide insurer. They are the institutions that have triggered practically the large operation of rescuing the American banking plan of 700 billion dollars, prepared by George Bush’s administration and the... citeste mai mult
Ubisoft will invest over 10 million euro in Craiova in the next two years
The studio will grow the local business of the games producer with 25% The second European producer of games, Ubisoft has opened another creation studio in Romania in Craiova. The initial investment was of 50,000 euros, but according to Sebastian Delen, Managing Director Ubisoft for Eastern Europe, in the next two years the company will invest between 5 and 10 million in Craiova. The studio has currently 12 employees, but Ubisoft’s objective is to reach 100 people in the next three... citeste mai mult
