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Some 6,000 unionists protested in Bucharest on Tuesday

The march will unfold on the route Piata Victoriei – the headquarter of the Economy Ministry – the Labor Ministry – the Interior Ministry – the Health Ministry – the Agriculture Ministry. The unionists demand, among others, a raise of the minimum salary to 750 lei and the set up of an investment program, which ...

The Bucharest Stock Exchange grows mildly at day-end, the SIF sector recovers 1.85%

Liquidity reduced to 24.75 million lei. The BET index reflecting the evolution of the ten best companies on the market added 0.21 percent to 4,916.98 and the BET-C composite index assessing all listed shares minus financial companies soared 0.10 percent to 2,890.83. The BET-FI index of the five financial companies SIF jumped 1.85 percent to ...

Hilton to expand outside Bucharest

The hotel, which most likely will be classed as three-star, will be opened in Braşov in mid-2011, and will compete with the Ibis and Express by Holiday Inn chains, said Mike Collini, the group’s Development Vice President for Northern Europe. The Braşov Hampton hotel will be the third in Europe under this brand.

General strike at Bucharest’s underground

The company’s employees are requesting a 20 percent salary increase in 2010. According to current grids, the average net base salary is RON 1,600 (€372). Bonuses raise the average net income to RON 2,600 (€605). Metrorex’s management said they cannot raise salaries, for lack of a 2010 budget, and the Minister of Transports, Radu Berceanu, ...

BNP Paribas: “Timpuri Noi” will be Bucharest’s next business centre

“Due to the good location, Timpuri Noi can be a future area of interest for office building developers. It is a very good development area. There are many factories, it is close to Bucharest’s downtown, and close to the underground. In four-five years, it will probably be the next business centre in the central area ...

A Bucharest private medical practice posts €165,000 turnover in 2008

“If we are talking about specialized physicians, for example obstetrics-gynaecology practices, revenues are high, especially if they do in vitro fertilization. Even if these revenues seem substantial, they are far below the European average, where a specialized physician earns between €250,000-300,000 a year,” Vasile Astarastoaie, President of the College of Physicians in Romania, told Business ...