Romanian insurance companies lost some 75.8 million euro in 2007, this being the second year their results are negative, Insurance Monitoring Commission (CSA) president Angela Toncescu declared on Tuesday for Romanian news agency NewsIn. She added that the net average loss weights 3.5% from the gross bonus values registered in 2007, of 2.15 million euro. Tot articolul

Bild German journalists fear that the Masters tournament in Hamburg will not be organized starting with 2009 due to Romania's rich businessman Ion Tiriac who scheduled, in the same time frame, the Madrid tournament with prizes of over 15 million euro. Tot articolul

Bucharest Stock Exchange shareholders approved in a meeting on Monday a 10% cut off commissions for public trading offers, a press release of the institution remitted to HotNews.ro informs. In case the average daily liquidity of the Stock Exchange will reach 16 million euro, shareholders will cut off another 5% from the commissions. Tot articolul

Medien Holding SRL, the joint venture formed by Westdeutsche Allgemeine Zeitung and Romanian Nova Group, which holds a majority stake in Societatea R, publisher of reputed Romanian newspaper Romania libera, has reached a deal with the associates in Domus Magazin to buy all their participations in the publishing house. Domus Magazin, which last year was the target of a failed takeover attempt by Dutch group ... Tot articolul

Some 38 people from Romania and the US were accused of computer and credit card fraud, US General Attorney Mark R. Filip and his Romanian counterpart Laura Codruta Kovesi have declared. Romanian citizens involved in the fraud obtained thousands of account numbers and additional personal information of people by sending more than 1.3 million spam messages in one phishing attack, a press release of the ... Tot articolul

Next to Mercedes and Mitsubishi, the Audi luxury division of the German Volkswagen group plans to produce cars in Romania, Trade minister Ovidiu Silaghi declared on Monday for Romanian news agency Mediafax. He added that each company was analyzing the Romanian market, especially the Western region. Tot articolul

Fathi Taher plans to acquire the majority of shares in JW Marriott Bucharest, one of the biggest hotels in the Romanian capital city, and mandated law firm Bostica si Asociatii to negotiate with all shareholders, a press release of the law firm reads. Law firm representatives declared that they will negotiate with Strabag and the Bank of Cyprus and all parties interested to sell their ... Tot articolul