BUSINESS
Romania car market up 23% in first ten months of 2007 as imports rise Car sales on the Romanian market grew by 23% in the first ten months of 2007 compared to the similar period last year, reaching 258,224 units sold, according to statistics announced by the Association of Car Producers and Importers (APIA) on Thursday.
Bucharest Stock Exchange head Septimiu Stoica to resign Romanian Stock Exchange (BVB) president Septimiu Stoica announced on Monday that he would resign from the job which may be taken over by Stere Farmache, the current general manager of the Stock Exchange, a BVB press release says. Farmache told HotNews.ro that Stoica is in fact withdrawing from the post given his promis at a BVB board meeting that he would support unifying the posts of BVB board president and general manager.
Romanian real estate market: 14 international companies to invest 2.4 billion euro in 2008 At least 14 international companies announced investments amounting to 2.4 billion euro on the Romanian real estate market for 2008, to develop residential and commercial projects, More International Invest company director Ilias Papageorgiadis has told Romanian news agency NewsIn.
Romania telecom operators Orange, Vodafone suspected of oligopoly Competition on the Romanian telecom market is weak and there and factors indicating a collective dominance of the two main operators in the country, Vodafone and Orange, a study of the Romanian telecom market regulator ANRCTI says. Official representatives told HotNews.ro that they would set up a market analysis and then they would take the necessary actions.
Romania minimum salary set at 500 RON
Romanian labor minister Paul Pacuraru has announced that the minimum salary in 2008 was set at 500 RON - or 145 euro. Employers' unions have agreed with the threshold, while trade unions said they favored a re-evaluation of an amendment to rectify the 2008 budget.

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