Real estate advisory company DTZ Echinox posted a EUR 2.8 million turnover in 2010, slightly up from EUR 2.65 million in 2009. Its profit rate stood at 6 percent. The company estimates a EUR 3.2 million turnover and a 10 percent profit rate for 2011.

Telecom operators Romtelecom and Cosmote Romania could merge before Romtelecom's listing on the stock exchange, which would diminish the Romanian state's share participation in the company, according to Romanian Communication Minister Valerian Vreme.

Romanians younger than 35 who want to start a micro-company can submit business plans starting Tuesday to a program supporting young entrepreneurs, and receive up to EUR 10,000 of the value of their planned business. The program was allotted a budget of EUR 4.9 million this year.

International Automotive Components Group (IAC), one of the components suppliers for Ford Motor Company, will this week start works on its greenfield production unit in Bals, Olt county. The investment in this project will reach EUR 58 million. The factory should hire 400 people, when fully operational. It will produce various components for Ford's car production in Craiova.

Romanian state-run subway company Metrorex has awarded a EUR 215 million construction contract for the Raul Doamnei-Hasdeu sector of Bucharest’s new subway mainline to a consortium made up of Astaldi (Italy), FCC (Spain), Delta ACM and AB Construct (Romania)

Insurance companies Generali and Ardaf will merge into Generali Romania, hoping to land a place in the top five of insurance companies in Romania. Both insurance companies have Generali as main shareholder.

Final Distribution, importer of construction materials from Gerard, Delta and Keylite, has opened a production line for gutters and downpipes in Baicoi, Prahova county. The value of the investment goes up to EUR 500,000, according to the company.

Romania could exit recession in April this year, if the positive trend recorded in the fourth quarter of the year will continue, said Romanian Prime Minister Emil Boc (in picture).

Romanian national gas transport company Transgaz made a profit of EUR 87.3 million last year, an increase of 23 percent on the previous year. The company's turnover advanced by 10.5 percent, to EUR 311.6 million.

Romanian online IT&C retailer eMAG.ro posted sales of EUR 102 million last year, an increase of 60 percent on the previous year, the company has announced. It plans to further grow its sales to EUR 150 million this year.

Real estate advisory company DTZ Echinox posted a EUR 2.8 million turnover in 2010, slightly up from EUR 2.65 million in 2009. Its profit rate stood at 6 percent. The company estimates a EUR 3.2 million turnover and a 10 percent profit rate for 2011.

Telecom operators Romtelecom and Cosmote Romania could merge before Romtelecom's listing on the stock exchange, which would diminish the Romanian state's share participation in the company, according to Romanian Communication Minister Valerian Vreme.

Romanians younger than 35 who want to start a micro-company can submit business plans starting Tuesday to a program supporting young entrepreneurs, and receive up to EUR 10,000 of the value of their planned business. The program was allotted a budget of EUR 4.9 million this year.

International Automotive Components Group (IAC), one of the components suppliers for Ford Motor Company, will this week start works on its greenfield production unit in Bals, Olt county. The investment in this project will reach EUR 58 million. The factory should hire 400 people, when fully operational. It will produce various components for Ford's car production in Craiova.

Romanian state-run subway company Metrorex has awarded a EUR 215 million construction contract for the Raul Doamnei-Hasdeu sector of Bucharest’s new subway mainline to a consortium made up of Astaldi (Italy), FCC (Spain), Delta ACM and AB Construct (Romania)

Insurance companies Generali and Ardaf will merge into Generali Romania, hoping to land a place in the top five of insurance companies in Romania. Both insurance companies have Generali as main shareholder.

Final Distribution, importer of construction materials from Gerard, Delta and Keylite, has opened a production line for gutters and downpipes in Baicoi, Prahova county. The value of the investment goes up to EUR 500,000, according to the company.

Romania could exit recession in April this year, if the positive trend recorded in the fourth quarter of the year will continue, said Romanian Prime Minister Emil Boc (in picture).

Romanian national gas transport company Transgaz made a profit of EUR 87.3 million last year, an increase of 23 percent on the previous year. The company's turnover advanced by 10.5 percent, to EUR 311.6 million.

Romanian online IT&C retailer eMAG.ro posted sales of EUR 102 million last year, an increase of 60 percent on the previous year, the company has announced. It plans to further grow its sales to EUR 150 million this year.