Two investment funds, including a U.S.-based one, are interested in buying stakes in Romanian chemical company Oltchim Ramnicu-Valcea, should it be privatized, according to Karoly Borbely, state secretary within the local Economy Ministry, quoted by Mediafax newswire.

Romania may receive by the end of the year another tranche out of the EUR 13 billion stand-by loan from the International Monetary Fund, a fund official said Monday, quoted by Mediafax. The money will enter the central bank's reserves, said Jeffrey Franks, head of the IMF mission to Bucharest (in picture, right).

The American Chamber of Commerce in Romania (AmCham Romania), which represents 300 member companies, has called for maintaining the flat tax in Romania, along with capping social insurance contributions. These should become the central element for the country’s regional competitiveness, especially as Romania competes with countries having more favorable, stable and predictable fiscal regimes.

(Update adds details about the management contract and about the measures planned by Asesoft group in the last paragraph)

Romanian company Asesoft group has taken over the management of Realitatea Media group and plans to invest EUR 75 million in the group in the following five years, according to Asesoft. Realitatea Media was controlled by media mogul Sorin Ovidiu Vantu. Realitatea Media runs Realitatea TV, The Money Channel TV station, as well as several media products in print.

*IMF asking for Oltchim and Cuprumin privatization in the new agreement, which also includes EU funding – in Ziarul Financiar
*Provident makes half a million euro in nine months – in Ziarul Financiar
*Goodyear Dunlop will open five Premio franchises by the end of the year – in Ziarul Financiar
*Patriciu's stores on wheels start selling in Bucharest – in Ziarul Financiar
*EC grants EUR 124 million for Arad- Timisoara highway – in Gandul

A Chinese – Romanian public- private partnership will fuel the development of a EUR 500 million production units for cellulose and paper at the Somes Dej factory in Cluj – Napoca county. Chinese company Avic International Holding will partner SCR Romania, the majority shareholder in Somes SA Dej. The Romanian company will have to invest EUR 150 million into the project.

Medium and large companies will submit their fiscal declarations for October online only, according to Romania's Fiscal Agency ANAF. The National Electronic System will allow tax payers to submit declarations 100, 101, 102, 120, 130, 300, 301, 390 and 710 from November 25. Find out where companies should submit those.

Romania’s potential new financing agreement with the International Monetary Fund will also include a loan accord with the European Commission, similar to the one signed in 2009, Romanian representative to the IMF, Mihai Tanasescu, said Thursday.

The European Commission has approved a EUR 124.3 million financing for the Arad – Timisoara highway from the EU's Cohesion Fund. The project includes a 44.5 km highway between Arad and Timisoara, out of which 12.25 km represent the Arad bypass. The highway segment is part of the 7th priority transport corridor which crosses Romania from Nadlac to Constanta.

Romanian authorities and representatives of the International Monetary Fund discussed Thursday about the privatization of Oltchim and Cuprumin, as well as stake sales in other state-owned energy companies, according to the Economy Ministry. The meeting included talks on company activity optimization, which would include stake sales, reorganization in view of privatization and the recapitalization of several companies, by drawing investment.

Two investment funds, including a U.S.-based one, are interested in buying stakes in Romanian chemical company Oltchim Ramnicu-Valcea, should it be privatized, according to Karoly Borbely, state secretary within the local Economy Ministry, quoted by Mediafax newswire.

Romania may receive by the end of the year another tranche out of the EUR 13 billion stand-by loan from the International Monetary Fund, a fund official said Monday, quoted by Mediafax. The money will enter the central bank's reserves, said Jeffrey Franks, head of the IMF mission to Bucharest (in picture, right).

The American Chamber of Commerce in Romania (AmCham Romania), which represents 300 member companies, has called for maintaining the flat tax in Romania, along with capping social insurance contributions. These should become the central element for the country’s regional competitiveness, especially as Romania competes with countries having more favorable, stable and predictable fiscal regimes.

(Update adds details about the management contract and about the measures planned by Asesoft group in the last paragraph)

Romanian company Asesoft group has taken over the management of Realitatea Media group and plans to invest EUR 75 million in the group in the following five years, according to Asesoft. Realitatea Media was controlled by media mogul Sorin Ovidiu Vantu. Realitatea Media runs Realitatea TV, The Money Channel TV station, as well as several media products in print.

*IMF asking for Oltchim and Cuprumin privatization in the new agreement, which also includes EU funding – in Ziarul Financiar
*Provident makes half a million euro in nine months – in Ziarul Financiar
*Goodyear Dunlop will open five Premio franchises by the end of the year – in Ziarul Financiar
*Patriciu's stores on wheels start selling in Bucharest – in Ziarul Financiar
*EC grants EUR 124 million for Arad- Timisoara highway – in Gandul

A Chinese – Romanian public- private partnership will fuel the development of a EUR 500 million production units for cellulose and paper at the Somes Dej factory in Cluj – Napoca county. Chinese company Avic International Holding will partner SCR Romania, the majority shareholder in Somes SA Dej. The Romanian company will have to invest EUR 150 million into the project.

Medium and large companies will submit their fiscal declarations for October online only, according to Romania's Fiscal Agency ANAF. The National Electronic System will allow tax payers to submit declarations 100, 101, 102, 120, 130, 300, 301, 390 and 710 from November 25. Find out where companies should submit those.

Romania’s potential new financing agreement with the International Monetary Fund will also include a loan accord with the European Commission, similar to the one signed in 2009, Romanian representative to the IMF, Mihai Tanasescu, said Thursday.

The European Commission has approved a EUR 124.3 million financing for the Arad – Timisoara highway from the EU's Cohesion Fund. The project includes a 44.5 km highway between Arad and Timisoara, out of which 12.25 km represent the Arad bypass. The highway segment is part of the 7th priority transport corridor which crosses Romania from Nadlac to Constanta.

Romanian authorities and representatives of the International Monetary Fund discussed Thursday about the privatization of Oltchim and Cuprumin, as well as stake sales in other state-owned energy companies, according to the Economy Ministry. The meeting included talks on company activity optimization, which would include stake sales, reorganization in view of privatization and the recapitalization of several companies, by drawing investment.