Shopping center City Mall in Bucharest, currently insolvent, is up for sale for EUR 33 million, according to Casa de Insolventa Transilvania, the judiciary liquidator. Victoria Holding, the owner of the mall, has a debt of around EUR 73 million. The shopping center filed for insolvency in November last year. Australian investment fund APN UKA bought the shopping center in 2006 for EUR 103.5 million.

Fewer Romanian companies suspended their activity in January this year compared to the same month in 2010, which could be one of the signs of incipient economic revival. The number of companies that stopped activity went down by 55.7 percent, to around 2,600, compared to the same month last year, according to the National Trade Registry (ONRC).

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.

Irish developer Caelum Development has received the building permits for the Parklake Plaza shopping center, which should be built on the premises of the former Spartac sports base in the Titan area of Bucharest. Construction works on the mall are expected to start in July this year, according to Caelum.

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.

French retailer Cora, which is currently working on its own shopping center in Constanta, plans to start works on two new such projects in Brasov and Bacau. The invetsment in the Brasov mall will reach around EUR 100 million.

The Romanian Ministry of Economy has started the procedures to select the intermediary for the secondary public offer to sell 9.84 percent in oil and gas company OMV Petrom, the ministry has announced. The winner of this bid will be announced in March. The sale will happen on the Bucharest Stock Exchange.

Romanian law firm Bostina & Asociatii has won the bid to offer legal consultancy for the Rovinari energy project, which could reach EUR 1 billion, according to the law firm. The project consists in creating a mixed firm to build a 500MW energy core at Rovinari Thermal Power Plant.

Information management and data security provider Star Storage grew its sales by 50 percent in Romania last year compared to 2009, to EUR 20 million, the company has announced. It plans to further grow its turnover by 25 percent this year.

The Romanian Competition Council has fined telecom companies Orange and Vodafone Romania with EUR 63 million for abusing their dominant position on the market, following an investigation which started in 2006. The investigation was opened after the complaint from NetMaster, according to the Competition Council.

Shopping center City Mall in Bucharest, currently insolvent, is up for sale for EUR 33 million, according to Casa de Insolventa Transilvania, the judiciary liquidator. Victoria Holding, the owner of the mall, has a debt of around EUR 73 million. The shopping center filed for insolvency in November last year. Australian investment fund APN UKA bought the shopping center in 2006 for EUR 103.5 million.

Fewer Romanian companies suspended their activity in January this year compared to the same month in 2010, which could be one of the signs of incipient economic revival. The number of companies that stopped activity went down by 55.7 percent, to around 2,600, compared to the same month last year, according to the National Trade Registry (ONRC).

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.

Irish developer Caelum Development has received the building permits for the Parklake Plaza shopping center, which should be built on the premises of the former Spartac sports base in the Titan area of Bucharest. Construction works on the mall are expected to start in July this year, according to Caelum.

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.

French retailer Cora, which is currently working on its own shopping center in Constanta, plans to start works on two new such projects in Brasov and Bacau. The invetsment in the Brasov mall will reach around EUR 100 million.

The Romanian Ministry of Economy has started the procedures to select the intermediary for the secondary public offer to sell 9.84 percent in oil and gas company OMV Petrom, the ministry has announced. The winner of this bid will be announced in March. The sale will happen on the Bucharest Stock Exchange.

Romanian law firm Bostina & Asociatii has won the bid to offer legal consultancy for the Rovinari energy project, which could reach EUR 1 billion, according to the law firm. The project consists in creating a mixed firm to build a 500MW energy core at Rovinari Thermal Power Plant.

Information management and data security provider Star Storage grew its sales by 50 percent in Romania last year compared to 2009, to EUR 20 million, the company has announced. It plans to further grow its turnover by 25 percent this year.

The Romanian Competition Council has fined telecom companies Orange and Vodafone Romania with EUR 63 million for abusing their dominant position on the market, following an investigation which started in 2006. The investigation was opened after the complaint from NetMaster, according to the Competition Council.