During the meeting, Basescu attached importance to the Armenian-Romanian relations, thanked the Ambassador for the development of bilateral relations and expanding cooperation between the two countries.
More: continued here
Armenian President to visit Romania
Caroli-Campofrio merger removes Ovidiu Wencz from new management structure
Ovidiu Wencz, general manager of charcuterie producer Tabco-Campofrio, will not be part of the management of Caroli Foods Group, formed by the merger of the Caroli group with the local subsidiary of European giant Campofrio Food Group, according to sources in the industry.
More: continued here
PSD president: PD-L's political games try to mask an economic disaster
PD-L's political games try to mask the economic and social disaster that the Boc Cabinet is currently managing, and the chief of state and the Lib Dems want to get the entire power from Romania by getting rid of the Senate's Speaker Mircea Geoana, social-democratic leader Victor Ponta declared in a press conference this morning.
More: continued here
Romanians at Allview are working on a mobile phone with GPS, 3G and WiFi
Visual Fan, a Brasov-based company with 3 million euros in annual turnover, which manufactures and sells electronic products under its own brand Allview, will invest around 200,000 euros this year in research and development of new products, among which a dual-sim mobile phone compatible with 3G and Wi-Fi technologies.
More: continued here
Two of the six hundred 400,000-euro Ferrari cars bought by Romanians
Two Ferrari 599 GTO models worth above 380,000 euros are set to be delivered on the Romanian market this year by Forza Rossa, the importer of the Italian carmaker domestically, controlled by former Health Minister Ion Bazac and Cefin Holding.
More: continued here
Education unions threaten to block academic year. Minister assures there's money for salaries
Romanian education unions are determined to continue their protests, which could lead to blocking the academic year and national exams if Education Ministry doesn't find solutions to solve salary issues and redundancies unions members say, according to Romanian news agency Mediafax. Minister Daniel Funeriu said there were necessary funds for salaries and pensions.
More: continued here
Bankers say they will turn on retail lending spigot just a little
Bankers do not expect to grant too many retail loans this year and say housing and consumer loans will increase by around 10% in 2010 after stagnating last year.
More: continued here
Fabryo expects to boost market share this year
Varnish and paint producer Fabryo Corporation, held by investment fund Oresa Ventures, intends to boost its market share to 25% this year, compared with just over 20% in 2009.
More: continued here
Romanian street sign warns drivers of ‘drunk pedestrians’
Street signs warning Romanian drivers to be careful of drunken pedestrians lying on roads were erected by road safety chiefs worried about the “despairing” levels of accidents.
More: continued here
Romania's Presidents hopes for the Japanese Emperor's visit
Romania hopes that the Japanese Emperor Akihito will visit Romania in the period to come, President Traian Basescu declared on Wednesday, March 10, during discussions with the Japanese PM Yukio Hatoyama.
Who’s vying for the most eagerly awaited infrastructure project, the tube in Drumul Taberei?
Businessmen Ovidiu Tender, Radu Ouatu, Florea Diaconu and Alexandru Horpos compete with international giants in the construction sector to achieve Bucharest's most awaited infrastructure work in Bucharest, the Drumul Taberei tube.
More: continued here
Lukoil expects 2% decline in fuel market, if things stay the same
Lukoil Romania, the third largest player on the local fuel market, which owns around 300 petrol stations with over one billion euros in turnover, believes sales of refined products could continue their slide on the overall market in 2010, after last year saw a 6% decline in petrol and diesel oil sales on the Romanian market.
