It takes 7 procedures and 11 days to establish a foreign-owned limited liability company (LLC or SRL) in Romania (Bucharest), slightly faster than the regional average for Europe and Central Asia but much faster than the IAB global average, according to a recent report published by the World Bank. This sends Romania on the second place, with an index of 89.5 out of 100 points. Slovakia got 92.1 points.

Snacks and chips producer Standard Snacks has entered insolvency at the request of Piraeus Leasing, to whom the snacks producer owes EUR 100,000. Standard Snacks' judiciary administrator is Casa de Insolventa Transilvania.

Romanian media, Meinl, Austrian coffee baron buys back Kandia at five times lower price – in Ziarul Financiar, Foreign banks have maintained their exposure to Romania – in Ziarul Financiar, Alexander Hergan steps down as Avrig 35 chief executive – in Ziarul Financiar, Romanians bet 150m euros on football games and tennis tournaments – in Ziarul Financiar, Finance Ministry goes back on decision to tax interests calculated before July 1 – in Ziarul Financiar,

Kraft Foods has sold Romanian soft cake and sugar confectionery business Cadbury's Kandia-Excelent to Oryxa Capital, an international investment fund, for an undisclosed sum. The sale includes Kandia-Excelent brands, such as Rom, Magura, Kandia, Laura, Sugus and Silvana, related trademarks and the manufacturing facility in Bucharest.

Romanian media: Morgan Stanley needs 10 years to exit Romcab - in Ziarul Financiar, Economic prospects worsen again: 3% decline in 2010 - in Ziarul Financiar, Dragne leaves Muşat law firm and takes several lawyers with him - in Ziarul Financiar, Year of tragedies: Romania struggles to keep afloat after six months of frost and floods - in Ziarul Financiar

Over 200 million euros worth of wind energy projects set to become operational - in Ziarul Financiar

Romania stayed within the budget deficit target agreed with the International Monetary Fund for the first quarter of the year, according to Bogdan Dragoi, state secretary within the Finance Ministry.

The country's budget dropped by 1.6 percent in the first five months of the year, to approximately EUR 14.7 billion.

The first nine foreign banks in Romania will meet the International Monetary Fund (IMF), the Romanian Central Bank (BNR) and the European Commission on July 22nd in Brussels to evaluate the agreement they have signed last year in Vienna, according to Mediafax newswire.

The unemployment rate in Romania reached 8.1 percent in the first quarter of the year, according to data from the National Institute of Statistics (INS), up from 7.5 percent the previous quarter.

This is the unemployment rate based on the International Employment Office standards.

Romanian media

Ziarul Financiar:

Isărescu: Inflation to stop at 8%, hopefully exchange rate will help

After cars and...

Several oil companies and consortia have won oil concessions in Romania following a bid organized by the state. Two consortia and a company have won three oil resources concessions in the Black Sea, the National Mineral Resources Agency has announced.

It takes 7 procedures and 11 days to establish a foreign-owned limited liability company (LLC or SRL) in Romania (Bucharest), slightly faster than the regional average for Europe and Central Asia but much faster than the IAB global average, according to a recent report published by the World Bank. This sends Romania on the second place, with an index of 89.5 out of 100 points. Slovakia got 92.1 points.

Snacks and chips producer Standard Snacks has entered insolvency at the request of Piraeus Leasing, to whom the snacks producer owes EUR 100,000. Standard Snacks' judiciary administrator is Casa de Insolventa Transilvania.

Romanian media, Meinl, Austrian coffee baron buys back Kandia at five times lower price – in Ziarul Financiar, Foreign banks have maintained their exposure to Romania – in Ziarul Financiar, Alexander Hergan steps down as Avrig 35 chief executive – in Ziarul Financiar, Romanians bet 150m euros on football games and tennis tournaments – in Ziarul Financiar, Finance Ministry goes back on decision to tax interests calculated before July 1 – in Ziarul Financiar,

Kraft Foods has sold Romanian soft cake and sugar confectionery business Cadbury's Kandia-Excelent to Oryxa Capital, an international investment fund, for an undisclosed sum. The sale includes Kandia-Excelent brands, such as Rom, Magura, Kandia, Laura, Sugus and Silvana, related trademarks and the manufacturing facility in Bucharest.

Romanian media: Morgan Stanley needs 10 years to exit Romcab - in Ziarul Financiar, Economic prospects worsen again: 3% decline in 2010 - in Ziarul Financiar, Dragne leaves Muşat law firm and takes several lawyers with him - in Ziarul Financiar, Year of tragedies: Romania struggles to keep afloat after six months of frost and floods - in Ziarul Financiar

Over 200 million euros worth of wind energy projects set to become operational - in Ziarul Financiar

Romania stayed within the budget deficit target agreed with the International Monetary Fund for the first quarter of the year, according to Bogdan Dragoi, state secretary within the Finance Ministry.

The country's budget dropped by 1.6 percent in the first five months of the year, to approximately EUR 14.7 billion.

The first nine foreign banks in Romania will meet the International Monetary Fund (IMF), the Romanian Central Bank (BNR) and the European Commission on July 22nd in Brussels to evaluate the agreement they have signed last year in Vienna, according to Mediafax newswire.

The unemployment rate in Romania reached 8.1 percent in the first quarter of the year, according to data from the National Institute of Statistics (INS), up from 7.5 percent the previous quarter.

This is the unemployment rate based on the International Employment Office standards.

Romanian media

Ziarul Financiar:

Isărescu: Inflation to stop at 8%, hopefully exchange rate will help

After cars and...

Several oil companies and consortia have won oil concessions in Romania following a bid organized by the state. Two consortia and a company have won three oil resources concessions in the Black Sea, the National Mineral Resources Agency has announced.