Romania will allot EUR 15 million to hospitals this year for IT&C projects, according to Romanian Communications Minister Valerian Vreme.The Communications Ministry will spend as much as EUR 400,000 per hospital to outfit around 40 units, said Vreme.

BRD - Groupe Societe Generale posted a net profit of EUR 119 million last year, a drop of 36 percent on 2009, the bank has announced. The group's net profit, which also includes BRD Sogelease and BRD Finance, was 31 percent lower than in 2009.

The Romanian Communications Ministry will carry out a EUR 84 million project, funded by the European Union, to provide Internet access to the remaining unconnected areas in the country, according to minister Valerian Vreme.

Romanian foreign direct investments, or FDI, fell 25.6 percent to EUR 2.6 billion in 2010, from EUR 3.5 billion in the previous year, the central bank said Friday.

The Romanian Government has delayed until the spring of 2012 the sale of a 15 percent stake in natural gas producer Romgaz Medias, according to the country’s draft letter of intent agreed with the International Monetary Fund.

Romanian lender Banca Transilvania (BT) manages EUR 311 million in wealth on the private banking segment, having increased by 20 percent the volume of managed assets for wealthy clients in 2010. Its clients need to have cash of at least EUR 100,000 placed with the bank for at least three months in the row, to qualify for the private banking services.

Romanian carmaker Automobile Dacia, the Romanian unit of Finnish mobile giant Nokia, oil company OMV Petrom and oil refinery Rompetrol Rafinare were the country’s top exporters in 2010 both in the European Union and outside the EU, the Economy Ministry said Friday.

Romanian housing prices will continue to decrease slightly in the first half of the year and will stabilize in the second half, according to evaluation firm Darian. Company representatives said they expect foreclosures to continue this year, which, coupled with more relaxed financing conditions, should ease real estate transactions this year.

Romanian company La Fantana posted a turnover of EUR 17 million, the same as in the previous year, with a volume of sales of almost 80 million liters of bottled water, according to the company.

The Toro Company has purchased a plot of 3,5 hectares in Ploiesti West Park where it intends to build a manufacturing facility of 11,000 sqm that will employ approximately 100 people, once fully operational. Constructions will start in early 2011 and the facility will include production/assembly, warehouse and office space.

Romania will allot EUR 15 million to hospitals this year for IT&C projects, according to Romanian Communications Minister Valerian Vreme.The Communications Ministry will spend as much as EUR 400,000 per hospital to outfit around 40 units, said Vreme.

BRD - Groupe Societe Generale posted a net profit of EUR 119 million last year, a drop of 36 percent on 2009, the bank has announced. The group's net profit, which also includes BRD Sogelease and BRD Finance, was 31 percent lower than in 2009.

The Romanian Communications Ministry will carry out a EUR 84 million project, funded by the European Union, to provide Internet access to the remaining unconnected areas in the country, according to minister Valerian Vreme.

Romanian foreign direct investments, or FDI, fell 25.6 percent to EUR 2.6 billion in 2010, from EUR 3.5 billion in the previous year, the central bank said Friday.

The Romanian Government has delayed until the spring of 2012 the sale of a 15 percent stake in natural gas producer Romgaz Medias, according to the country’s draft letter of intent agreed with the International Monetary Fund.

Romanian lender Banca Transilvania (BT) manages EUR 311 million in wealth on the private banking segment, having increased by 20 percent the volume of managed assets for wealthy clients in 2010. Its clients need to have cash of at least EUR 100,000 placed with the bank for at least three months in the row, to qualify for the private banking services.

Romanian carmaker Automobile Dacia, the Romanian unit of Finnish mobile giant Nokia, oil company OMV Petrom and oil refinery Rompetrol Rafinare were the country’s top exporters in 2010 both in the European Union and outside the EU, the Economy Ministry said Friday.

Romanian housing prices will continue to decrease slightly in the first half of the year and will stabilize in the second half, according to evaluation firm Darian. Company representatives said they expect foreclosures to continue this year, which, coupled with more relaxed financing conditions, should ease real estate transactions this year.

Romanian company La Fantana posted a turnover of EUR 17 million, the same as in the previous year, with a volume of sales of almost 80 million liters of bottled water, according to the company.

The Toro Company has purchased a plot of 3,5 hectares in Ploiesti West Park where it intends to build a manufacturing facility of 11,000 sqm that will employ approximately 100 people, once fully operational. Constructions will start in early 2011 and the facility will include production/assembly, warehouse and office space.