The Finance Ministry will organize a bid for treasury certificates worth around EUR 188 million (RON 800 million). This comes after the Finance Ministry rejected all the offers placed for the benchmark bonds last week, worth a total of EUR 70.7 million.

Real estate investment fund New Europe Property Investments (NEPI) is in discussions for the acquisition of a small logistics facility in Bucharest, while having reached an agreement in relation to the development of a shopping centre in Bucharest.

Slovenian pharmaceutical producer Krka has obtained one of the highest sales increases in Romania in the first six months of the year, compared to other markets where the group operates. The company posted EUR 19.9 million, up 30 percent compared to the same period of last year.

Romania's trade deficit went up to EUR 4.7 billion at the end of June, with EUR 25.4 million above the level in the first six months of 2009. Exports grew by 25.8 percent, while imports, by 19.3 percent, according to the National Statistics Institute (INS).

Insurance company Groupama Asigurari saw its gross subscribed premiums down 9 percent in the first six months of the year, to EUR 96 million, the company has announced.

Insurance company Allianz-Ţiriac posted an operational profit of EUR 2 million in the first six months of the year, similarly to the first six months of last year. The insurer's gross subscribed premiums have decreased by 20 percent on general insurances, to EUR 119 million. Life insurance subscribed premiums have stagnated to EUR 12 million.

The European Bank for Reconstruction and Development (EBRD) has offered a USD 180 million syndicated refinancing package to aluminium producer Alro. The EBRD loan will refinance Alro’s existing debt, consolidating and restructuring it on a longer term basis

Telecom operator Cosmote grew its revenues by 6.3 percent in the second quarter of this year, to EUR 115 million, according to data announced by its mother company OTE. The revenues for the first half of the year reached EUR 229 million, up 9.7 percent on the first half of 2009.

The Nova Group, a company owned by Romanian businessman Dan Adamescu, has bought the 50 percent share package in Medien Holding, the publisher of Romania Libera newspaper, from German Waz, the company has announced. The Nova Group thus became the sole owner of the media group.

The Romanian banking system is most likely to end 2010 posting a loss, believes Dominic Bruynseels, executive president of BCR (in picture), the biggest bank on the Romanian market. “It is pretty possible to end on loss due to the pressure we've been discussing, according to RAS (the local accounting standards),” said Bruynseels when asked whether he thinks the banking system will post a loss this year.

The Finance Ministry will organize a bid for treasury certificates worth around EUR 188 million (RON 800 million). This comes after the Finance Ministry rejected all the offers placed for the benchmark bonds last week, worth a total of EUR 70.7 million.

Real estate investment fund New Europe Property Investments (NEPI) is in discussions for the acquisition of a small logistics facility in Bucharest, while having reached an agreement in relation to the development of a shopping centre in Bucharest.

Slovenian pharmaceutical producer Krka has obtained one of the highest sales increases in Romania in the first six months of the year, compared to other markets where the group operates. The company posted EUR 19.9 million, up 30 percent compared to the same period of last year.

Romania's trade deficit went up to EUR 4.7 billion at the end of June, with EUR 25.4 million above the level in the first six months of 2009. Exports grew by 25.8 percent, while imports, by 19.3 percent, according to the National Statistics Institute (INS).

Insurance company Groupama Asigurari saw its gross subscribed premiums down 9 percent in the first six months of the year, to EUR 96 million, the company has announced.

Insurance company Allianz-Ţiriac posted an operational profit of EUR 2 million in the first six months of the year, similarly to the first six months of last year. The insurer's gross subscribed premiums have decreased by 20 percent on general insurances, to EUR 119 million. Life insurance subscribed premiums have stagnated to EUR 12 million.

The European Bank for Reconstruction and Development (EBRD) has offered a USD 180 million syndicated refinancing package to aluminium producer Alro. The EBRD loan will refinance Alro’s existing debt, consolidating and restructuring it on a longer term basis

Telecom operator Cosmote grew its revenues by 6.3 percent in the second quarter of this year, to EUR 115 million, according to data announced by its mother company OTE. The revenues for the first half of the year reached EUR 229 million, up 9.7 percent on the first half of 2009.

The Nova Group, a company owned by Romanian businessman Dan Adamescu, has bought the 50 percent share package in Medien Holding, the publisher of Romania Libera newspaper, from German Waz, the company has announced. The Nova Group thus became the sole owner of the media group.

The Romanian banking system is most likely to end 2010 posting a loss, believes Dominic Bruynseels, executive president of BCR (in picture), the biggest bank on the Romanian market. “It is pretty possible to end on loss due to the pressure we've been discussing, according to RAS (the local accounting standards),” said Bruynseels when asked whether he thinks the banking system will post a loss this year.