Era Shopping Park Oradea has signed the contract with a new anchor and plans to open the shopping mall phase of the retail project this autumn. The developers, Omilos Group, have signed the lease with clothing retailer Sprider Store, which will open a 850-sqm store in the shopping galleria. The new Sprider Stores unit will be opened mid-March.

Romanian pharmaceutical producer Biofarm saw its net profit dropping by 26 percent last year, to EUR 3.45 million, according to preliminary financial data sent to the Bucharest Stock Exchange (symbol BIO), where the company is listed. Its operational profit was however up 22 percent compared to 2009, to EUR 3.9 million.

Romanian law firm Bostina & Asociatii has won the bid to offer legal consultancy for the Rovinari energy project, which could reach EUR 1 billion, according to the law firm. The project consists in creating a mixed firm to build a 500MW energy core at Rovinari Thermal Power Plant.

The Romanian gross domestic product (GDP) shrank 1.2 percent in 2010 from 2009, according to the National Institute of Statistics. According to the early estimations, the fourth-quarter GDP was by 0.1 percent higher than in Q3 of 2010 in real terms (seasonally adjusted data).

The Romanian Competition Council has fined telecom companies Orange and Vodafone Romania with EUR 63 million for abusing their dominant position on the market, following an investigation which started in 2006. The investigation was opened after the complaint from NetMaster, according to the Competition Council.

The Romanian Ministry of Economy has started the procedures to select the intermediary for the secondary public offer to sell 9.84 percent in oil and gas company OMV Petrom, the ministry has announced. The winner of this bid will be announced in March. The sale will happen on the Bucharest Stock Exchange.

Investors from Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Kuweit and Qatar are interested in placing their money in Romania in sectors like agriculture, infrastructure and the financial sector, with a budget of minimum USD 20 million per project, according to Forum Invest, which will organize a business forum in this topic in Bucharest.

Polyurethane foam and hotmelt producer Den Braven Romania registered total sales of EUR 39.5 million in 2010, an increase of 28 percent compared to the sales recorded in 2009.

BRD - Groupe Societe Generale posted a net profit of EUR 119 million last year, a drop of 36 percent on 2009, the bank has announced. The group's net profit, which also includes BRD Sogelease and BRD Finance, was 31 percent lower than in 2009.

Consumer prices in Romania grew by 0.77 percent on the month in January, while the annual inflation eased to 6.99percent , the country’s statistics institute INS said Monday. In December, the annual inflation peaked at 7.96 percent, mostly driven by a higher sales tax.

Era Shopping Park Oradea has signed the contract with a new anchor and plans to open the shopping mall phase of the retail project this autumn. The developers, Omilos Group, have signed the lease with clothing retailer Sprider Store, which will open a 850-sqm store in the shopping galleria. The new Sprider Stores unit will be opened mid-March.

Romanian pharmaceutical producer Biofarm saw its net profit dropping by 26 percent last year, to EUR 3.45 million, according to preliminary financial data sent to the Bucharest Stock Exchange (symbol BIO), where the company is listed. Its operational profit was however up 22 percent compared to 2009, to EUR 3.9 million.

Romanian law firm Bostina & Asociatii has won the bid to offer legal consultancy for the Rovinari energy project, which could reach EUR 1 billion, according to the law firm. The project consists in creating a mixed firm to build a 500MW energy core at Rovinari Thermal Power Plant.

The Romanian gross domestic product (GDP) shrank 1.2 percent in 2010 from 2009, according to the National Institute of Statistics. According to the early estimations, the fourth-quarter GDP was by 0.1 percent higher than in Q3 of 2010 in real terms (seasonally adjusted data).

The Romanian Competition Council has fined telecom companies Orange and Vodafone Romania with EUR 63 million for abusing their dominant position on the market, following an investigation which started in 2006. The investigation was opened after the complaint from NetMaster, according to the Competition Council.

The Romanian Ministry of Economy has started the procedures to select the intermediary for the secondary public offer to sell 9.84 percent in oil and gas company OMV Petrom, the ministry has announced. The winner of this bid will be announced in March. The sale will happen on the Bucharest Stock Exchange.

Investors from Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Kuweit and Qatar are interested in placing their money in Romania in sectors like agriculture, infrastructure and the financial sector, with a budget of minimum USD 20 million per project, according to Forum Invest, which will organize a business forum in this topic in Bucharest.

Polyurethane foam and hotmelt producer Den Braven Romania registered total sales of EUR 39.5 million in 2010, an increase of 28 percent compared to the sales recorded in 2009.

BRD - Groupe Societe Generale posted a net profit of EUR 119 million last year, a drop of 36 percent on 2009, the bank has announced. The group's net profit, which also includes BRD Sogelease and BRD Finance, was 31 percent lower than in 2009.

Consumer prices in Romania grew by 0.77 percent on the month in January, while the annual inflation eased to 6.99percent , the country’s statistics institute INS said Monday. In December, the annual inflation peaked at 7.96 percent, mostly driven by a higher sales tax.