The Romanian economy is expected to grow only modestly in 2011, after a decline of 2 percent envisaged for 2010, while tough austerity measures are bound to face strong social opposition and could create instability, the Economist Intelligence Unit said in its latest global forecast Tuesday.

Energy company RWE has given up on a wind park in Dobrogea area of Romania after it failed to receive the construction permits and due to land ownership issues, according to company representatives quoted by the Romanian media.

Romanian shoemaker Clujana is currently negotiating to export products on the Russian market, after entering the France, Italy and Germany market last year. Clujana has started exporting products under its own brand. The company used to be present on the Russian market during the communist period.

SABMiller brewer's sales in Romania stagnated in the last three months of 2010, on a declining beer market, the company has announced in its most recent earnings update.

Romania's Transport Ministry will invest EUR 18.8 million in upgrading the road infrastructure around the Dacia-Groupe Renault factory and the Renault Technologie Roumanie center. The ministry will built four lanes on 4.1 kilometers of national road DN 73 and on a connection road DN 73D.

The World Bank is prepared to offer Romania technical and financial assistance for its planned follow-up deal with the International Monetary Fund and the European Commission, much like it did when the initial bailout package was signed two years ago, a World Bank official said Tuesday.

General Electric (GE) will supply 14 win turbines for Monsson Alma's wind projects in Romania totaling 35 MW. GE will supply 10 turbines for the company's wind park project Silistea 1 and four wind turbines for its project Mireasa 2.

Romanian IT&C company Asesoft Distribution's own brand, Serioux, was the best sold of its products, with USD 10 million in sales last year, according to the company. Asesoft hopes to grow sales to USD 14 million for this brand in 2011 according to Razvan Ziemba (in picture), the company's general manager.

Mark Mobius (in picture), the executive president of Templeton Emerging Markets Group, said he expects a long process to recover the recently debated donation from Romgaz to the Romanian state, but Franklin Templeton will take all the measures to recover the money.

Enel Green Power's new wind park in Dobrogea area of Romania has become functional and will produce an estimated 85.5 million KWh a year. The Salbatica wind park, located near Tulcea, in North Dobrogea, will cover the power demand of 29.000 households.

The Romanian economy is expected to grow only modestly in 2011, after a decline of 2 percent envisaged for 2010, while tough austerity measures are bound to face strong social opposition and could create instability, the Economist Intelligence Unit said in its latest global forecast Tuesday.

Energy company RWE has given up on a wind park in Dobrogea area of Romania after it failed to receive the construction permits and due to land ownership issues, according to company representatives quoted by the Romanian media.

Romanian shoemaker Clujana is currently negotiating to export products on the Russian market, after entering the France, Italy and Germany market last year. Clujana has started exporting products under its own brand. The company used to be present on the Russian market during the communist period.

SABMiller brewer's sales in Romania stagnated in the last three months of 2010, on a declining beer market, the company has announced in its most recent earnings update.

Romania's Transport Ministry will invest EUR 18.8 million in upgrading the road infrastructure around the Dacia-Groupe Renault factory and the Renault Technologie Roumanie center. The ministry will built four lanes on 4.1 kilometers of national road DN 73 and on a connection road DN 73D.

The World Bank is prepared to offer Romania technical and financial assistance for its planned follow-up deal with the International Monetary Fund and the European Commission, much like it did when the initial bailout package was signed two years ago, a World Bank official said Tuesday.

General Electric (GE) will supply 14 win turbines for Monsson Alma's wind projects in Romania totaling 35 MW. GE will supply 10 turbines for the company's wind park project Silistea 1 and four wind turbines for its project Mireasa 2.

Romanian IT&C company Asesoft Distribution's own brand, Serioux, was the best sold of its products, with USD 10 million in sales last year, according to the company. Asesoft hopes to grow sales to USD 14 million for this brand in 2011 according to Razvan Ziemba (in picture), the company's general manager.

Mark Mobius (in picture), the executive president of Templeton Emerging Markets Group, said he expects a long process to recover the recently debated donation from Romgaz to the Romanian state, but Franklin Templeton will take all the measures to recover the money.

Enel Green Power's new wind park in Dobrogea area of Romania has become functional and will produce an estimated 85.5 million KWh a year. The Salbatica wind park, located near Tulcea, in North Dobrogea, will cover the power demand of 29.000 households.