Mark Mobius (in picture), the executive president of Templeton Emerging Markets Group, said he expects a long process to recover the recently debated donation from Romgaz to the Romanian state, but Franklin Templeton will take all the measures to recover the money.

Romania’s Government plans to merge three electricity suppliers into a single unit running under state-owned electricity supplier Electrica, according to an official government document obtained by Mediafax newswire.

Romanian lender BCR witnessed an increase of 29 percent in the volume of card transactions at retailers in 2010 and plans to grow this volume by 20 percent this year.

Romanian Andromede Decor, the owner of gift and home decor retailer bam boo, has entered insolvency procedures in order to reorganize its activity. We started reorganization procedures in order to adapt our business to the realities of the current economy," according to Philippe Eustratiades, manager at Andromede Decor.

Romania’s Government might sell further shares in natural gas producer Romgaz after the company’s floating on the Bucharest Stock Exchange, but it will keep the majority stake, according to an official document obtained by Mediafax newswire.

Traffic on the Constanta County waterways in southeastern Romania, specifically along the Danube - Black Sea Canal and the Poarta Alba - Midia Navodari Canal, grew by 4.8 million tonnes in volume in by 3 million tonnes of freight 2010 compared to 2009.

Romanians who were compensated for their communism-seized property in Fondul Proprietatea stock will not be taxed on the profit achieved in selling the shares on the stock market, according to Dana Mirela Ionescu, head of brokerage firm Raiffeisen Capital&Investment (in picture).

Enel Green Power's new wind park in Dobrogea area of Romania has become functional and will produce an estimated 85.5 million KWh a year. The Salbatica wind park, located near Tulcea, in North Dobrogea, will cover the power demand of 29.000 households.

Developer Cefin Real Estate Asset Management (CREAM) has bought back the Cefin Logistic Park Arad real estate project from investment fund Europolis. The value of the deal was not disclosed.

French retailer Carrefour posted EUR 1.13 billion in sales in Romania last year, down 0.4 percent on the year before. The retailer managed to up its sales by 0.2 percent in the forth quarter of the year, to EUR 327 million.

Mark Mobius (in picture), the executive president of Templeton Emerging Markets Group, said he expects a long process to recover the recently debated donation from Romgaz to the Romanian state, but Franklin Templeton will take all the measures to recover the money.

Romania’s Government plans to merge three electricity suppliers into a single unit running under state-owned electricity supplier Electrica, according to an official government document obtained by Mediafax newswire.

Romanian lender BCR witnessed an increase of 29 percent in the volume of card transactions at retailers in 2010 and plans to grow this volume by 20 percent this year.

Romanian Andromede Decor, the owner of gift and home decor retailer bam boo, has entered insolvency procedures in order to reorganize its activity. We started reorganization procedures in order to adapt our business to the realities of the current economy," according to Philippe Eustratiades, manager at Andromede Decor.

Romania’s Government might sell further shares in natural gas producer Romgaz after the company’s floating on the Bucharest Stock Exchange, but it will keep the majority stake, according to an official document obtained by Mediafax newswire.

Traffic on the Constanta County waterways in southeastern Romania, specifically along the Danube - Black Sea Canal and the Poarta Alba - Midia Navodari Canal, grew by 4.8 million tonnes in volume in by 3 million tonnes of freight 2010 compared to 2009.

Romanians who were compensated for their communism-seized property in Fondul Proprietatea stock will not be taxed on the profit achieved in selling the shares on the stock market, according to Dana Mirela Ionescu, head of brokerage firm Raiffeisen Capital&Investment (in picture).

Enel Green Power's new wind park in Dobrogea area of Romania has become functional and will produce an estimated 85.5 million KWh a year. The Salbatica wind park, located near Tulcea, in North Dobrogea, will cover the power demand of 29.000 households.

Developer Cefin Real Estate Asset Management (CREAM) has bought back the Cefin Logistic Park Arad real estate project from investment fund Europolis. The value of the deal was not disclosed.

French retailer Carrefour posted EUR 1.13 billion in sales in Romania last year, down 0.4 percent on the year before. The retailer managed to up its sales by 0.2 percent in the forth quarter of the year, to EUR 327 million.