Business Review

Former Prime-Minister Adrian Nastase has received a 2 year-sentence from the High Court of Justice and Casation for his involvement in the file The Quality Trophy.

Otilia Haraga

French retailer Auchan, who runs 9 hypermarkets in Romania, has announced that it could open its first local mall this year under the Auchan City brand, informs Ziarul Financiar.

Simona Bazavan

MetLife, Inc. has acquired from Aviva plc its life insurance businesses in the Czech Republic (Aviva Czech Life) and Hungary (Aviva Hungary Life), and its life insurance and pension businesses in Romania (Aviva Romania Life and Pensions), the company announced in a pres release.

Otilia Haraga

Starting today, Vodafone customers can pay via SMS access into seven subway stations in the Bucharest subway.

Otilia Haraga

Google has modified its logo today to honor Romanian playwright Ion Luca Caragiale. On January 30, 2012, Romanian commemorates 160 years since the birth of one of its literature icons.

Otilia Haraga

The National Meteorological Administration has issued a code orange alert for cold weather starting today until February 3 for Bucharest as well as 35 out of Romania’s 41 counties.

Simona Bazavan

Romanian airline Tarom has failed to reach breakeven in 2011 and has reported RON 252.18 million loss (approximately EUR 58 million), according to Mediafax newswire. Although the loss was down 24.16 percent y-o-y, it continues to be higher than the RON 234.7 million level reported in 2009.

Simona Bazavan

The Property Fund (FP) is looking to sell participations in power and gas utilities, which represent about 20 percent of its net asset value, EUR 3.3 billion at end-December 2011.

Ovidiu Posirca

Between March and November 2011 Swedish fashion retailer H&M reported local sales worth SEK 331 million (approximately EUR 37 million, VAT included), according to the company’s financial report.

Simona Bazavan

Customers of Orange Romania can pay for their subway rides by calling or sending an SMS to the number 1700, announced the mobile telephony operator. The cost of a ride is EUR 0.5, while one round trip is EUR 0.9 while the price of 10 rides is EUR 2.2.

Otilia Haraga