Power and gas company E.ON invested around EUR 300 million in Romania between 2005 and 2009 in revamping natural gas and electricity distribution networks in the country, the company has announced.

Employers will be able to petition city hall for a number of special books and stamps, allowing them to hire a certain number of daily laborers for unskilled work, said Labor Minister Ioan Botis. He also said the Labor Ministry will distribute these books to local authorities and local Labor Inspection offices will check whether employers observe the new legislation.

*Sale of state companies on the stock market could replace deal with IMF – in Ziarul Financiar
*The message of a USD 76 billion executive (P&G): We would choose Romania again for the shampoo factory – in Ziarul Financiar
*E.ON: Crisis creates competition among countries and Romania is not top of the list – in Ziarul Financiar
*Govt. decides to eliminate minimum tax from October 1 – in Ziarul Financiar
*Central Bank prefers to fight inflation rather than cutting cost of loans – in Gandul

City Insurance plans to invest EUR 0.5 million in opening 40 insurance agencies across Romania by the end of 2010 and hopes to sell up to 30,000 home insurance policies, according to the company.

Consumer goods producer Procter & Gamble, which has recently opened its factory in Urlati, Romania, intends to invest in renewable energy that it could trade on the stock market, company representatives have said. “We intend to look at European funds for renewable energy, together with the Ministry of Environment. We could trade renewable energy on the stock market, as the transactions with green certificates are pending regulations,” said Ramona Brad, associate director for external relations with P&G.

Austrian wood production company Egger will invest EUR 150 million in a production line for oriented strand boards (OSB) in its Radauti factory, the company has announced. The company still needs to receive construction authorization for works on the new production line.

The Romanian Central Bank (BNR) has kept the key interest rate at 6.25 percent, as expected by market analysts. BNR has...

onstruction permits issued for residential buildings in August this year stood at 4,670, up 9.5 percent from July 2010 and 0.4 percent from the same month last year, according to the National Statistics Institute (INS).

Construction materials producer Somaco Grup Prefabricate sold 37 percent more aerated concrete blocks (BCA) products in the first nine months of the year compared to the same period of last year, the company has announced. Somaco plans to reach a sales increase of 10 percent throughout the entire year and estimates it will increase its turnover by up to 18 percent this year on last year.

Watercooler company La Fantana has bought the water purification importer and distributor Rokor Ecostyle, the company has announced. The enterprise value of the bought company was of EUR 4.35 million. The seller was Romanian investor Serban Andrei. Rokor Ecostyle will keep its brand and operate under La Fantana umbrella. The buyer says it will hold an 80 percent market share on the water purification market.

Power and gas company E.ON invested around EUR 300 million in Romania between 2005 and 2009 in revamping natural gas and electricity distribution networks in the country, the company has announced.

Employers will be able to petition city hall for a number of special books and stamps, allowing them to hire a certain number of daily laborers for unskilled work, said Labor Minister Ioan Botis. He also said the Labor Ministry will distribute these books to local authorities and local Labor Inspection offices will check whether employers observe the new legislation.

*Sale of state companies on the stock market could replace deal with IMF – in Ziarul Financiar
*The message of a USD 76 billion executive (P&G): We would choose Romania again for the shampoo factory – in Ziarul Financiar
*E.ON: Crisis creates competition among countries and Romania is not top of the list – in Ziarul Financiar
*Govt. decides to eliminate minimum tax from October 1 – in Ziarul Financiar
*Central Bank prefers to fight inflation rather than cutting cost of loans – in Gandul

City Insurance plans to invest EUR 0.5 million in opening 40 insurance agencies across Romania by the end of 2010 and hopes to sell up to 30,000 home insurance policies, according to the company.

Consumer goods producer Procter & Gamble, which has recently opened its factory in Urlati, Romania, intends to invest in renewable energy that it could trade on the stock market, company representatives have said. “We intend to look at European funds for renewable energy, together with the Ministry of Environment. We could trade renewable energy on the stock market, as the transactions with green certificates are pending regulations,” said Ramona Brad, associate director for external relations with P&G.

Austrian wood production company Egger will invest EUR 150 million in a production line for oriented strand boards (OSB) in its Radauti factory, the company has announced. The company still needs to receive construction authorization for works on the new production line.

The Romanian Central Bank (BNR) has kept the key interest rate at 6.25 percent, as expected by market analysts. BNR has...

onstruction permits issued for residential buildings in August this year stood at 4,670, up 9.5 percent from July 2010 and 0.4 percent from the same month last year, according to the National Statistics Institute (INS).

Construction materials producer Somaco Grup Prefabricate sold 37 percent more aerated concrete blocks (BCA) products in the first nine months of the year compared to the same period of last year, the company has announced. Somaco plans to reach a sales increase of 10 percent throughout the entire year and estimates it will increase its turnover by up to 18 percent this year on last year.

Watercooler company La Fantana has bought the water purification importer and distributor Rokor Ecostyle, the company has announced. The enterprise value of the bought company was of EUR 4.35 million. The seller was Romanian investor Serban Andrei. Rokor Ecostyle will keep its brand and operate under La Fantana umbrella. The buyer says it will hold an 80 percent market share on the water purification market.