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France Telecom’s Orange reduces revenue drop in Romania

orange-1-de-la-ei-1024x686Telecom company Orange had revenues of EUR 937 million last year in Romania, down 3.7 percent compared to 2010.

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Romania’s new Cabinet will stand by commitments to IMF and EC, says new PM

ungureanu-gov-tribuna copyRomania’s new Government will continue former Cabinet’s commitments to the International Monetary Fund (IMF) and the European Commission (EC), the Romanian Prime Minister, Mihai Razvan Ungureanu, told officials from the two financial institutions today.

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Romania: OMV and Exxon in gas find

Petrom-Logo copyGood news for Romania – a “potentially significant” offshore gas disovery in the Black Sea.

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Lufthansa introduces new flights to Romania after 20% increase in passenger volumes

Lufthansa-airplaneThe higher passenger volume to and from Romania last year prompted airline Airline to increase its capacity by adding more flights for Romania. Lufthansa carried  680,000 passengers on routes between Romania and Germany in 2011, up 20 percent over the previous year, according to the company. In 2010, the airline flew 615,000 passengers to and from Romania, 10 percent more than in 2009.

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Romania’s Transelectrica Is Sued Over Wind-Park Grid Connection

veterniceRomania’s Eolica Dobrogea SRL sued the country’s energy regulator, ANRE, and power grid operator Transelectrica for refusing to connect a wind park to the national grid, Transelectrica said.

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Dacian Ciolos: Romanian organic products to go to U.S. with national certification only

ALeqM5htr-ClJphr1GJle3u2 OaRO5I1HgRomanian producers will be able to export organic products to the United States only with the certification obtained in Romania, which is now recognized overseas too, European Commissioner for Agriculture and Rural Development Dacian Ciolos on Wednesday told Agerpres.

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Romania aims to boost foreign tourism by canceling VAT on visits

tax-calculationRomania’s Government wants to turn tourism into a more attractive business for travel agencies that bring foreign visitors to the country.  

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Romanian KFC, Pizza Hut and PHD switch from Pepsi to rival Coca Cola

kfc1Coca  Cola HBC has become the new supplier of soft drinks for the local network of KFC, Pizza Hut and PHD restaurants, replacing rival Pepsi.

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Romania exports most of its car production in January due to low local demand

Dacia Duster 1ales of cars in Romania during January this year decreased by 23 percent over the same period in 2011, to 4,221 units, but the country exported most of its production during the first month of the year.

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Pepsi Romania moves headquarters to Sun Offices in southern Bucharest

214684 articolThe beverage company PepsiCo, which runs the brands Pepsi and snacks producer Star Foods on the Romanian market, will move its headquarters in a 2,100 smq space in Sun Offices, in south Bucharest, according to the real estate company S IMMO AG, the owner of the office space.

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Aggelos Stagos

Let's Do Our Bit Now

Let's Do Our Bit Now

A Greek sigh of relief should have been heard to the end of the world after Eurogroup’s approval of the country’s bailout program on Monday, which prevented a direct risk...

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Grigoris Nikolopoulos

A Clear Choice

A Clear Choice

Monday’s Eurogroup agreement may not be a cure-for-all Greek ills but it is certainly the best we could have obtained presently.

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Grigoris Nikolopoulos

The Hour of The Private Sector

The Hour of The Private Sector

If Greece’s international creditors, the so-called troika, ultimately succeed in persuading our politicians to shrink the public sector, they will have addressed the core of the country’s problem. For the...

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Grigoris Nikolopoulos

Only One Good Scenario For Greece and Europe

Only One Good Scenario For Greece and Europe

  Europe has been trapped in its own foolishness, incompetence and heartlessness, and will soon be forced to change to avoid dissolution.

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Nikos Chrysoloras

Why The Germans Are Wrong

Why The Germans Are Wrong

Many in Europe –particularly in Germany- wonder why they should continue providing financial support to a country that has failed to honor its commitments with partners and is an international...

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Grigoris Nikolopoulos

A Punitive Program

A Punitive Program

The reduction in incomes which Greece’s new economic program brings would make sense only if we could hope that the problems of recession and the country’s excessive debt could be...

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Aggelos Stagos

No Elbow Room For Politicians

No Elbow Room For Politicians

It’s a curious thing that even at this crucial moment, when the future of the country hangs in the balance, its political class cannot clearly “read” our creditors’ stance and...

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Takis Lainas

Apocalypse Now!

Apocalypse Now!

We are all watching breathless the endless unpopular serial of Greece’s negotiations with the troika, wondering whether our political leaders will finally utter “Yes” or raise the flag of the...

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Aggelos Stagos

Destined to Sink?

Destined to Sink?

The negotiations with Greece’s international creditors –the so-called troika- on the final details of the economic program that will accompany a second, €130 billion bailout loan seem to have developed...

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Nikos Chrysoloras

The "crucial next 48 hours”

The

If I come across the expression, “crucial next 48 hours,” again I think I am going to have a nervous breakdown. Our political leaders are bent on rattling our nerves...

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Grigoris Nikolopoulos

Histrionics

Histrionics

Greek political leaders on Sunday put on their brave faces, in the best of patriotic traditions. They would have us believe that they were resisting the demands of Greece’s international...

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Takis Lainas

Much Ado About Nothing

Much Ado About Nothing

The demand of Greece’s international creditors, the so-called troika, for a lowering of Greek salaries and wages is not just devoid of substance but also dangerous.

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Aggelos Stagos

Do It Like Boutaris

Do It Like Boutaris

There is no doubt that the German proposal for the appointment of an economic overseer, whose main task would have been to ensure the repayment of the country’s debt, was...

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Grigoris Nikolopoulos

European Immorality

European Immorality

Europe is regarded as the world’s ‘ethical force’. Today, however it is in danger of losing this important title because of its immoral choices in tackling the debt crisis.

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Grigoris Nikolopoulos

The truth about the PSI and bank shares

The truth about the PSI and bank shares

Because so much has been heard and written about the PSI which not only affects us psychologically but our investment decisions as well, i.e. the equity markets, it seems important...

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Grigoris Nikolopoulos

Two simple interventions for development

Two simple interventions for development

Whilst we all appreciate that the economic recovery is the only way to solve the problems of Greece’s deficit and debt, the Greek government is not in a position to...

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Aggelos Stagos

The war against Papademos

The war against Papademos

As to whether it is perceived or not, certain individuals, in cooperation with the media, are attempting to destroy Papademos as ‘evil’, ‘merciless’ or even as a ‘failure’.

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Nikos Chrysoloras

Greece's lost wealth

Greece's lost wealth

Αsides from negotiations concerning the private sector’s ‘voluntary’ participation in cutting Greek debt, the essence of Greece’s actual economy has been condensed into one phrase by the Troika.

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Nikos Chrysoloras

A public problem for Greece

A public problem for Greece

The discovery that almost all the national television channel’s journalists who had been on strike for weeks, were paid in full, either because they took sick leave or because they...

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Aggelos Stagos

A lack of restraint flares up again in Greece

A lack of restraint flares up again in Greece

After a respite of relative calm, which many associate with Papademos’ premiership and as a result, the Greek public’s raised expectations, unfortunately jeering and violence have emerged once again.

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Nikos Chrysoloras

Why isn’t Greece competitive?

Why isn’t Greece competitive?

The debate on the Greek economy’s restoration came to the fore once again as it now seems inevitable that labour costs will be reduced through eliminating the 14th salary in...

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Dimitris Kastriotis

Greece’s powerful institutions (It’s just that the banks, the press and the politicians are suffering)

Greece’s powerful institutions  (It’s just that the banks, the press and the politicians are suffering)

Recently, the whole issueof lending – or indeed the refusal to lend funds to Greek media companies, has come to the fore – all based on the political business dealings...

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Aggelos Stagos

Europe wants Greece in the Eurozone on condition that their terms are accepted

Europe wants Greece in the Eurozone on condition that their terms are accepted

If the statements hold any political value – and are in fact reliable, yesterday, Merkel, Sarkozy and Schauble (in the background) made two points clear: They want Greece to remain...

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Grigoris Nikolopoulos

Politicians and the public administration are harming the private sector in Greece

Politicians and the public administration are harming the private sector in Greece

Under the pressure of the present circumstances and that of our partners and lenders and from the parties who are supposedly supporting him, the Prime Minister, Mr. Lucas Papademos has...

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Nikos Chrysoloras

Who will replace George Papandreou?

Who will replace George Papandreou?

Sooner or later, George Papandreou, former Greek Prime Minister and President of the Socialist Party (PASOK), a man whose actions were incompetent and erratic, who probably would never have held...

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Nikos Chrysoloras

The Greek Paradox

The Greek Paradox

In its report on the threats and dangers that our planet faces (2011 Global Risks Report), the World Economic Forum confirmed a paradox: The problems that transcend national borders and...

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Aggelos Stagos

2012 will prove to be a decisive year

2012 will prove to be a decisive year

Forecasts point to the fact that 2012 will be a very difficult year, maybe even more difficult than 2011, if that is even possible.

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