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Russia: Rebuilding an Empire While It Can

2 noiembrie 2011 octavian.sergentu

By Lauren GoodrichU.S.-Russian relations seem to have been relatively quiet recently, as there are numerous contradictory views in Washington about the true nature of Russia’s current foreign policy. Doubts remain about the sincerity of the U.S. State Department’s so-called “reset” of relations with Russia — the term used in 2009 when U.S. Secretary of State Hillary Clinton handed a reset button to her Russian counterpart as a symbol of a freeze on escalating tensions between Moscow and Washington. The concern is whether the “reset” is truly a shift in relations between the two former adversaries or simply a respite before relations deteriorate again.

Nokia factory closure spells lights out for workers in Cluj

31 octombrie 2011 Claudiu Padurean

Three years ago, Nokia announced it would close a factory in the German city of Bochum to move to a cheaper facility outside Cluj, Romania. Now, the factory in Cluj is set to be closed at the end of the year.

Banca Transilvania reports 53 percent increase on profit, in the first nine months of 2011

29 octombrie 2011 Claudiu Padurean

The net profit of Banca Transilvania (BT) increased by 53 percent to RON 106.9 million in the first nine months of 2011. The operational income in the same period totaled RON 1.09 billion, which is rather similar to the 2010 result. The bank’s asset value has increased to RON 23 billion in the same period of time.

Libya and Iraq: The Price of Success

25 octombrie 2011 octavian.sergentu

By George FriedmanIn a week when the European crisis continued building, the White House chose publicly to focus on announcements about the end of wars. The death of Moammar Gadhafi was said to mark the end of the war in Libya, and excitement about a new democratic Libya abounded. Regarding Iraq, the White House transformed the refusal of the Iraqi government to permit U.S. troops to remain into a decision by Washington instead of an Iraqi rebuff.

Romanian retailer Tina R enters insolvency

22 octombrie 2011 Claudiu Padurean

Romanian women’s fashion retailer Tina R has entered insolvency and could complete the reorganization plan by the end of this year, has announced Casa de Insolventa Transilvania (CITR), the company’s judicial administrator.

From the Mediterranean to the Hindu Kush: Rethinking the Region Read more: From the Mediterranean to the Hindu Kush: Rethinking the Region

19 octombrie 2011 octavian.sergentu

By George FriedmanThe territory between the Mediterranean and the Hindu Kush has been the main arena for the U.S. intervention that followed the 9/11 attacks. Obviously, the United States had been engaged in this area in previous years, but 9/11 redefined it as the prime region in which it confronted jihadists. That struggle has had many phases, and it appears to have entered a new one over the past few weeks.

Carpatair to close down its base on Cluj airport in Romania after conflict with airport manager

19 octombrie 2011 Claudiu Padurean

Airline Carpatair will close down its operational base on the Cluj – Napoca airport in Romamnia due to a conflict with the airport’s manager David Ciceo, the company has announced. “The Cluj airport director tries to harass Carpatair through the complaint he has submitted to the European Commission about the relationship with Wizz Air,” according to Carpatair.

Romanian company Vola.ro tops Deloitte Technology Fast 50, breaks Polish dominance of 7 years

19 octombrie 2011 Claudiu Padurean

Romanian internet airline ticket retailer Vola.ro ranked first in Deloitte’s 2011 Central Europe Technology Fast 50 with a revenue growth rate of 6,219 percent over the past five years, as shown by this year’s Deloitte Technology FAST 50 survey.

Hidroelectrica takes out EUR 28 mln loan from Banca Transilvania

18 octombrie 2011 Claudiu Padurean

The leading electricity producer in Romania, Hidroelectrica, took out a loan of RON 120 million or EUR 28 million from Banca Transilvania to finance its working capital. The deal was signed on October 14 and will see Hidroelectrica reimburse the loan within one year.

Doctor Teodora Bonney Launches Her Specialized Orthodontic Treatment Services at N-Braces

16 octombrie 2011 Claudiu Padurean

A 1991 DDS Graduate of the University of Medicine and Pharmacy, School of Dental Medicine in Cluj Napoca, Romania, Dr. Teodora Bonney received a DMD degree in 1995.