Seven Romanian software companies have sent Romania on the fourth position in Deloitte's Central Europe Technology Fast 50 top, the company has announced. However, Romanian companies have registered a slower pace of growth than the region.

Austrian company Bilfinger Berger Baugesellschaft has signed a EUR 12.6 million contract with the Romanian Roads Company CNADNR to revamp the Giurgeni and Agigea bridges. The Giurgeni bridge revamping contract, worth EUR 8.8 million (excluding VAT), is more than half covered by the European Bank for Reconstruction and Development (EBRD), the rest coming from the Romanian Government.

Titan, owned by Austrian Euromills, has finalized a EUR 15 million investment in its Bucharest factory which will produce rolls for McDonald's restaurants in Romania and Bulgaria. The investment was started a year ago and parts of the production will go to countries like Greece, Serbia and Macedonia as week.

OMV Petrom's electric power plant will start production at the end of 2011 and is currently being built in Brazi, according to the European Bank for Reconstruction and Development (EBRD). The power plant in Brazi, north of Bucharest, will feature a gas turbine. When finalized, the power plant will provide up to 9 percent of the electricity produced in Romania.

*Govt. proposes 12% flat tax and salary contribution to 41%. Is a budget possible on this data? - in Ziarul Financiar
*Will PSD and PNL manage to dismiss the Govt. under the pressure of the masses? - in Ziarul Financiar
*Titan invests EUR 15 mln in factory to produce hamburger rolls - in Ziarul Financiar
*Medcenter to put EUR 7 mln in Bucharest analysis lab - in Ziarul Financiar

Oil and gas company Petrom has signed with Canadian company PetroSantander, which will undertake investments and perform services on behalf of Petrom in nine fields in the Arad area. This is the second such contract signed by Petrom, after recently partnering HuntOil in drilling in Eastern Romania. The partnership with PetroSantander will increase production by 50 percent in the fields in the next five years.

A delegation of the International Monetary Fund arrives in Romania Wednesday, October 20, to review the country’s progress under a EUR 13 billion loan agreement and discuss a new agreement, an IMF official told Mediafax newswire.

*Bank debts exceed 10% of the loans in four counties with low economic results – in Ziarul Financiar
*Carrefour keeps its sales stable due to supermarkets – in Ziarul Financiar
*Atenor Group puts over EUR 30 mln of its own funds in first phase of office compound – in Ziarul Financiar
*Ion Tiriac, Dinu Patriciu and Ioan Niculae, first three places in Top 300 Capital – in Ziarul Financiar
*Remittances from abroad reach only EUR 2.47 bln in eight months – in Adevarul

Romania's EU membership enables companies to seek financial support from the EU through structural and cohesion funds. Romania-insider.com starts a new series of articles providing information about European funds, the way companies and individuals can access them, as well as practical advice for those interested in making a successful project. Firstly, let's look at what are the main categories of funds available from the EU.

The local Domino's Pizza franchise, owned by Radacini Group, has expanded with a second unit in Bucharest, in the Obor area of the capital city, Romania-insider.com has learned. The company has recently opened this second Domino's Pizza outlet on Ferdinand boulevard, after opening the first unit in Pipera earlier this year.

Seven Romanian software companies have sent Romania on the fourth position in Deloitte's Central Europe Technology Fast 50 top, the company has announced. However, Romanian companies have registered a slower pace of growth than the region.

Austrian company Bilfinger Berger Baugesellschaft has signed a EUR 12.6 million contract with the Romanian Roads Company CNADNR to revamp the Giurgeni and Agigea bridges. The Giurgeni bridge revamping contract, worth EUR 8.8 million (excluding VAT), is more than half covered by the European Bank for Reconstruction and Development (EBRD), the rest coming from the Romanian Government.

Titan, owned by Austrian Euromills, has finalized a EUR 15 million investment in its Bucharest factory which will produce rolls for McDonald's restaurants in Romania and Bulgaria. The investment was started a year ago and parts of the production will go to countries like Greece, Serbia and Macedonia as week.

OMV Petrom's electric power plant will start production at the end of 2011 and is currently being built in Brazi, according to the European Bank for Reconstruction and Development (EBRD). The power plant in Brazi, north of Bucharest, will feature a gas turbine. When finalized, the power plant will provide up to 9 percent of the electricity produced in Romania.

*Govt. proposes 12% flat tax and salary contribution to 41%. Is a budget possible on this data? - in Ziarul Financiar
*Will PSD and PNL manage to dismiss the Govt. under the pressure of the masses? - in Ziarul Financiar
*Titan invests EUR 15 mln in factory to produce hamburger rolls - in Ziarul Financiar
*Medcenter to put EUR 7 mln in Bucharest analysis lab - in Ziarul Financiar

Oil and gas company Petrom has signed with Canadian company PetroSantander, which will undertake investments and perform services on behalf of Petrom in nine fields in the Arad area. This is the second such contract signed by Petrom, after recently partnering HuntOil in drilling in Eastern Romania. The partnership with PetroSantander will increase production by 50 percent in the fields in the next five years.

A delegation of the International Monetary Fund arrives in Romania Wednesday, October 20, to review the country’s progress under a EUR 13 billion loan agreement and discuss a new agreement, an IMF official told Mediafax newswire.

*Bank debts exceed 10% of the loans in four counties with low economic results – in Ziarul Financiar
*Carrefour keeps its sales stable due to supermarkets – in Ziarul Financiar
*Atenor Group puts over EUR 30 mln of its own funds in first phase of office compound – in Ziarul Financiar
*Ion Tiriac, Dinu Patriciu and Ioan Niculae, first three places in Top 300 Capital – in Ziarul Financiar
*Remittances from abroad reach only EUR 2.47 bln in eight months – in Adevarul

Romania's EU membership enables companies to seek financial support from the EU through structural and cohesion funds. Romania-insider.com starts a new series of articles providing information about European funds, the way companies and individuals can access them, as well as practical advice for those interested in making a successful project. Firstly, let's look at what are the main categories of funds available from the EU.

The local Domino's Pizza franchise, owned by Radacini Group, has expanded with a second unit in Bucharest, in the Obor area of the capital city, Romania-insider.com has learned. The company has recently opened this second Domino's Pizza outlet on Ferdinand boulevard, after opening the first unit in Pipera earlier this year.