German rock band Scorpions will play a concert in Bucharest on June 9, at Zone Arena, part of their farewell tour...

Market analysis company Cegedim Romania has taken over the pharma software company Pharmec Healthcare Software, from the Pluriva group, controlled by Romanian investors the Tudorache family.

Romanian cosmetics producer Farmec Cluj-Napoca, which posted a turnover of EUR 22.8 million last year, up 10 percent on the previous year, hopes this year's business growth will reach 5 percent. One of the channels of growth will come from the international expansion, which has already been started last year, when the company entered the Hungarian market, according to Mircea Turdean, general manager of Farmec Cluj – Napoca.

The International Monetary Fund will submit the new precautionary deal for Romania for approval in its board meeting at the end of March, when it will also talk about the seventh review of the current stand-by agreement with the country, according to Jeffrey Franks, head of the IMF delegation to Romania.

European private equity firm Axa Private Equity has sold its shares in Gealan Beteiligungs GmbH to German investment fund Halder, which used to own the majority share package in the firm between 2002 and 2004.

Romanian law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has taken over law firm Cionca Bidiga Godinca, the legal division of Casa de Insolventa Transilvania SPRL and has thus opened an office in Cluj Napoca, the firm has announced.

The creation of two vertically integrated energy companies in Romania – the planned Electra and Hidroenergetica - would significantly impede competition, crowd out private investment and raise prices, contrary to government claims, according to a recent research study by Candole Partners, which also lists several alternative recommendations.

Romania's industrial output went up by 12 percent last year, mostly due to growth in the manufacturing industry, according to data from the National Statistics Institute. The mining industry took a nosedive of 5.3 percent last year on 2009.

IT&C distribution company Asesoft Distribution posted a turnover of EUR 145 million in 2010 and hopes it will reach EUR 165 million in 2011, the company has announced. Last year's results reflected a 45 percent increase on the previous year. The company thus targets a 14 percent turnover increase on an IT&C distribution market which is expected to grow by 10 percent.

Romania's Central Bank BNR revised upward its forecast on the annual inflation to 3.6 percent at the end of 2011, from 3.4 percent previously, Romanian Central Bank governor Mugur Isarescu (in picture) said Monday. For 2012, the bank forecasts an annual rate of 3.2 percent, Isarescu said at the presentation of the quarterly inflation report.

German rock band Scorpions will play a concert in Bucharest on June 9, at Zone Arena, part of their farewell tour...

Market analysis company Cegedim Romania has taken over the pharma software company Pharmec Healthcare Software, from the Pluriva group, controlled by Romanian investors the Tudorache family.

Romanian cosmetics producer Farmec Cluj-Napoca, which posted a turnover of EUR 22.8 million last year, up 10 percent on the previous year, hopes this year's business growth will reach 5 percent. One of the channels of growth will come from the international expansion, which has already been started last year, when the company entered the Hungarian market, according to Mircea Turdean, general manager of Farmec Cluj – Napoca.

The International Monetary Fund will submit the new precautionary deal for Romania for approval in its board meeting at the end of March, when it will also talk about the seventh review of the current stand-by agreement with the country, according to Jeffrey Franks, head of the IMF delegation to Romania.

European private equity firm Axa Private Equity has sold its shares in Gealan Beteiligungs GmbH to German investment fund Halder, which used to own the majority share package in the firm between 2002 and 2004.

Romanian law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has taken over law firm Cionca Bidiga Godinca, the legal division of Casa de Insolventa Transilvania SPRL and has thus opened an office in Cluj Napoca, the firm has announced.

The creation of two vertically integrated energy companies in Romania – the planned Electra and Hidroenergetica - would significantly impede competition, crowd out private investment and raise prices, contrary to government claims, according to a recent research study by Candole Partners, which also lists several alternative recommendations.

Romania's industrial output went up by 12 percent last year, mostly due to growth in the manufacturing industry, according to data from the National Statistics Institute. The mining industry took a nosedive of 5.3 percent last year on 2009.

IT&C distribution company Asesoft Distribution posted a turnover of EUR 145 million in 2010 and hopes it will reach EUR 165 million in 2011, the company has announced. Last year's results reflected a 45 percent increase on the previous year. The company thus targets a 14 percent turnover increase on an IT&C distribution market which is expected to grow by 10 percent.

Romania's Central Bank BNR revised upward its forecast on the annual inflation to 3.6 percent at the end of 2011, from 3.4 percent previously, Romanian Central Bank governor Mugur Isarescu (in picture) said Monday. For 2012, the bank forecasts an annual rate of 3.2 percent, Isarescu said at the presentation of the quarterly inflation report.