The retailers in the AFI Palace Cotroceni shopping center cashed in EUR 164 million in total sales last year, according to Mediafax newswire. 33 retailers out of 280 have been replaced in the shopping center during the first year of activity, said Visel. The shopping center was opened in November 2009 and has an average traffic of 50,000 people a day during week days and around 80,000 during the week-end.

Romania's foreign exchange reserves rose to EUR 32.69 billion in January, after the International Monetary Fund released a seventh installment of a EUR 13 billion stand-by loan, central bank data showed Tuesday. At the end of December 2010, the reserves were at EUR 32.43 billion.

The International Monetary Fund has asked Romania to discard regulated prices for the production of electricity and natural gas and to draw up a new calculation formula in this respect.

US company IBM company could open a new research center in Targu Mures, central Romania, the company's 11th worldwide center. IBM executive director Spiros Teleoglou and IBM Research executive director Christos J. Georgiou paid a visit to Targu Mures last week and talked about this possibility with the city hall representatives.

Romania plans to spend up to EUR 4 million on promoting the country as a tourist destination on international TV channels. The Romanian Tourism Ministry has started the acquisition procedures for advertising space on international TV channels to promote the country's tourism brand.

Romanian furniture producer and retailer Staer has started the insolvency procedures, according to Elva Cont, the judiciary administrator. Staer owns a furniture factory in Galati as well as a chain of 24 furniture stores across Romania.

Bucharest metro company Metrorex will organize a bid to award a EUR 12.1 million contract for design, technical consultancy, legal and technical assistance to prepare the public private partnership (PPP) project for a new metro line in Bucharest.

The European Bank for Reconstruction and Development is considering providing up to EUR 27.5 million loan to Compania APA Brasov S.A. for key investments in the County of Brasov to meet EU water and wastewater directives.

Romania’s consolidated budget posted in 2010 a deficit of EUR 7.8 billion, or 6.5 percent of the estimated gross domestic product, lower than the ceiling agreed with the International Monetary Fund, the Finance Ministry said Thursday. In its financing agreements with the IMF and the European Commission, Romania pledged to keep the budget deficit below EUR 8.1 billion

German IT security company Astaro has bought Romanian CoSoSys, developer of Endpoint Security, Data Loss Prevention and portable media security software. The acquisition price was not disclosed.

The retailers in the AFI Palace Cotroceni shopping center cashed in EUR 164 million in total sales last year, according to Mediafax newswire. 33 retailers out of 280 have been replaced in the shopping center during the first year of activity, said Visel. The shopping center was opened in November 2009 and has an average traffic of 50,000 people a day during week days and around 80,000 during the week-end.

Romania's foreign exchange reserves rose to EUR 32.69 billion in January, after the International Monetary Fund released a seventh installment of a EUR 13 billion stand-by loan, central bank data showed Tuesday. At the end of December 2010, the reserves were at EUR 32.43 billion.

The International Monetary Fund has asked Romania to discard regulated prices for the production of electricity and natural gas and to draw up a new calculation formula in this respect.

US company IBM company could open a new research center in Targu Mures, central Romania, the company's 11th worldwide center. IBM executive director Spiros Teleoglou and IBM Research executive director Christos J. Georgiou paid a visit to Targu Mures last week and talked about this possibility with the city hall representatives.

Romania plans to spend up to EUR 4 million on promoting the country as a tourist destination on international TV channels. The Romanian Tourism Ministry has started the acquisition procedures for advertising space on international TV channels to promote the country's tourism brand.

Romanian furniture producer and retailer Staer has started the insolvency procedures, according to Elva Cont, the judiciary administrator. Staer owns a furniture factory in Galati as well as a chain of 24 furniture stores across Romania.

Bucharest metro company Metrorex will organize a bid to award a EUR 12.1 million contract for design, technical consultancy, legal and technical assistance to prepare the public private partnership (PPP) project for a new metro line in Bucharest.

The European Bank for Reconstruction and Development is considering providing up to EUR 27.5 million loan to Compania APA Brasov S.A. for key investments in the County of Brasov to meet EU water and wastewater directives.

Romania’s consolidated budget posted in 2010 a deficit of EUR 7.8 billion, or 6.5 percent of the estimated gross domestic product, lower than the ceiling agreed with the International Monetary Fund, the Finance Ministry said Thursday. In its financing agreements with the IMF and the European Commission, Romania pledged to keep the budget deficit below EUR 8.1 billion

German IT security company Astaro has bought Romanian CoSoSys, developer of Endpoint Security, Data Loss Prevention and portable media security software. The acquisition price was not disclosed.