The Romanian government plans to keep the flat tax rate unchanged at 16 percent at least until 2013, according to the country’s three-year fiscal strategy approved Wednesday. The document doesn't indicate whether the value added tax rate will be modified over the next three years. In July, the government raised the VAT to 24 percent from 19 percent to boost state revenues.

Eugen Voicu, founder of Aviva Investors, formerly named Certinvest, has redeemed the entire share package in the company from UK insurer Aviva, the majority shareholder. The company will be re-branded from November, when the deal will be finalized. The company manages EUR 17.7 million of assets.

*Romania could become the new growth vector in the East – in Ziarul Financiar
*Eugen Voicu redeems Aviva Investors and tries to re-launch it – in Ziarul Financiar
*IKEA wants to fuel the store in Baneasa with solar energy – in Ziarul Financiar
*Romtelecom will have 4-5 TV channels by year-end – in Ziarul Financiar
*Ghita from Asesoft to buy Flanco – in Ziarul Financiar

Romania’s capital city Bucharest ranks 69th among 73 cities worldwide according to the price levels, says a survey conducted by financial services firm UBS. New York, Geneva and Oslo are still among the most expensive cities worldwide, according to UBS classification.

Private clinic operator MedLife has leased an entire office building, Porumbaru Business Center, where it will relocate its head office, CB Richard Ellis Romania has announced. The building covers 1,200 sqm of office space. MedLife has also leased space in City Gate office building, where it will open a private clinic and a pharmacy, at the ground floor of the northern tower in City Gate (in picture).

Rompetrol Rafinare's shareholders Tuesday approved on principle the conversion into shares for the bonds the company failed to recover on account of Petromidia refinery's historic debt, the company announced.

Car maker Renault today inaugurates the Technical Testing Center in Titu, with a one-year delay on the deadline initially announced. Romanian president Traian Basescu will attend the opening ceremony, along with Renault's production director Patrick Pelata.

Romania’s Senate adopted Tuesday a bill according to which accredited private pre-university education units would be financed mainly from the state and local budgets. The bill amending Education Law 84/1995 was adopted with 82 votes for, six against and four abstentions. It was adopted tacitly in the Chamber of Deputies.

*Two years from the start of the financial crisis, Romania fails to find the way out – in Ziarul Financiar
*South Pacific blocks 71-villa project – in Ziarul Financiar
*Valer Blidar will build railway wagons for the Czech Republic – in Ziarul Financiar
*Steel producer leases 4,300 sqm in A1 Business Park – in Ziarul Financiar
*OMV doubles petrol stations chain with just EUR 5 million – in Ziarul Financiar
*Exchange rate drops to RON 4.23 per EUR. Dealers blame it on 'Americans or the Central Bank' – in Gandul

Real estate investment company Valad Europe has leased 4,300 sqm of warehouse and office space at the A1 Business Park in Bucharest to Valsider Production, a sister company of the Italian steel giant, Cordioli. The value of the four-year lease is of EUR 800,000, the company has said.

The Romanian government plans to keep the flat tax rate unchanged at 16 percent at least until 2013, according to the country’s three-year fiscal strategy approved Wednesday. The document doesn't indicate whether the value added tax rate will be modified over the next three years. In July, the government raised the VAT to 24 percent from 19 percent to boost state revenues.

Eugen Voicu, founder of Aviva Investors, formerly named Certinvest, has redeemed the entire share package in the company from UK insurer Aviva, the majority shareholder. The company will be re-branded from November, when the deal will be finalized. The company manages EUR 17.7 million of assets.

*Romania could become the new growth vector in the East – in Ziarul Financiar
*Eugen Voicu redeems Aviva Investors and tries to re-launch it – in Ziarul Financiar
*IKEA wants to fuel the store in Baneasa with solar energy – in Ziarul Financiar
*Romtelecom will have 4-5 TV channels by year-end – in Ziarul Financiar
*Ghita from Asesoft to buy Flanco – in Ziarul Financiar

Romania’s capital city Bucharest ranks 69th among 73 cities worldwide according to the price levels, says a survey conducted by financial services firm UBS. New York, Geneva and Oslo are still among the most expensive cities worldwide, according to UBS classification.

Private clinic operator MedLife has leased an entire office building, Porumbaru Business Center, where it will relocate its head office, CB Richard Ellis Romania has announced. The building covers 1,200 sqm of office space. MedLife has also leased space in City Gate office building, where it will open a private clinic and a pharmacy, at the ground floor of the northern tower in City Gate (in picture).

Rompetrol Rafinare's shareholders Tuesday approved on principle the conversion into shares for the bonds the company failed to recover on account of Petromidia refinery's historic debt, the company announced.

Car maker Renault today inaugurates the Technical Testing Center in Titu, with a one-year delay on the deadline initially announced. Romanian president Traian Basescu will attend the opening ceremony, along with Renault's production director Patrick Pelata.

Romania’s Senate adopted Tuesday a bill according to which accredited private pre-university education units would be financed mainly from the state and local budgets. The bill amending Education Law 84/1995 was adopted with 82 votes for, six against and four abstentions. It was adopted tacitly in the Chamber of Deputies.

*Two years from the start of the financial crisis, Romania fails to find the way out – in Ziarul Financiar
*South Pacific blocks 71-villa project – in Ziarul Financiar
*Valer Blidar will build railway wagons for the Czech Republic – in Ziarul Financiar
*Steel producer leases 4,300 sqm in A1 Business Park – in Ziarul Financiar
*OMV doubles petrol stations chain with just EUR 5 million – in Ziarul Financiar
*Exchange rate drops to RON 4.23 per EUR. Dealers blame it on 'Americans or the Central Bank' – in Gandul

Real estate investment company Valad Europe has leased 4,300 sqm of warehouse and office space at the A1 Business Park in Bucharest to Valsider Production, a sister company of the Italian steel giant, Cordioli. The value of the four-year lease is of EUR 800,000, the company has said.