The court has blocked the shares owned by Romanian businessman Dan Adamescu in Astra Asigurari and Unirea Shopping Center in a forced execution case, according to reports sent by the two companies to the Bucharest Stock Exchange, where their shares are listed.

Romania's excises on fuels and tobacco will be raised as of January 1, 2011, which could lead to new increases in the price of such products, according to a draft emergency ordinance amending the Fiscal Code.

The revenues on the telecom segment in Romania continued to drop this year, but to a lower extent than in 2009, according to Catalin Marinescu, president of the National Authority for Management and Regulation in Communications (ANCOM). Last year, the market reached EUR 3.9 billion, down 15 percent on 2008.

A 10 percent drop in software piracy for Romania could lead to the creation of 3,700 new jobs and to additional revenues of USD 498 million for the local IT industry in the next four years, according to a recent study issued by International Data Corporation (IDC).

Private healthcare operator Medas has opened a new medical clinic on 2,500 sqm within Unirea Shopping Center in Bucharest, following an investment of EUR 4 million. This is the forth clinic in the Medas network and includes 23 medical rooms.

*Owner of Unirea Shopping Center, forced executed by AVAS (Authority for State Assets Recovery) - in Ziarul Financiar
*Head of Hidroelectrica, in conflict with the Fondul Proprietatea administrator - in Ziarul Financiar
*CFR: 41 km of railways with EUR 280 million - in Ziarul Financiar
*Google starts hiring in Romania - in Ziarul Financiar

Real estate developer Copper Beech Capital, which has built the Blue Tower residential project in Bucharest, has been declared bankrupt after the court rejected its reorganization plan. The 16-storey block of flats in Colentina area of Bucharest should have been finalized in September last year and was expected to have 156 apartments.

Romania's industrial output went up by 10.5 percent in the first ten months of the year compared to the same period of last year, according to data from the Statistics Institute. The mining sector went down by 7.1 percent, while capital goods went up 17.1 percent.

*After six years of mandate, president offers no support for Romanian capital abroad, either investments or export – in Ziarul Financiar
*Fiscal council: the 2011 budget was built based on unknown laws – in Ziarul Financiar
*Enel has green energy for 35,000 houses – in Ziarul Financiar
*EUR 4 million clinic in Unirea store – in Ziarul Financiar

The Romanian Government approved the 2011 state budget in a Cabinet meeting late Monday and the bill will be forwarded to the Parliament, according to Mediafax newswire.

The court has blocked the shares owned by Romanian businessman Dan Adamescu in Astra Asigurari and Unirea Shopping Center in a forced execution case, according to reports sent by the two companies to the Bucharest Stock Exchange, where their shares are listed.

Romania's excises on fuels and tobacco will be raised as of January 1, 2011, which could lead to new increases in the price of such products, according to a draft emergency ordinance amending the Fiscal Code.

The revenues on the telecom segment in Romania continued to drop this year, but to a lower extent than in 2009, according to Catalin Marinescu, president of the National Authority for Management and Regulation in Communications (ANCOM). Last year, the market reached EUR 3.9 billion, down 15 percent on 2008.

A 10 percent drop in software piracy for Romania could lead to the creation of 3,700 new jobs and to additional revenues of USD 498 million for the local IT industry in the next four years, according to a recent study issued by International Data Corporation (IDC).

Private healthcare operator Medas has opened a new medical clinic on 2,500 sqm within Unirea Shopping Center in Bucharest, following an investment of EUR 4 million. This is the forth clinic in the Medas network and includes 23 medical rooms.

*Owner of Unirea Shopping Center, forced executed by AVAS (Authority for State Assets Recovery) - in Ziarul Financiar
*Head of Hidroelectrica, in conflict with the Fondul Proprietatea administrator - in Ziarul Financiar
*CFR: 41 km of railways with EUR 280 million - in Ziarul Financiar
*Google starts hiring in Romania - in Ziarul Financiar

Real estate developer Copper Beech Capital, which has built the Blue Tower residential project in Bucharest, has been declared bankrupt after the court rejected its reorganization plan. The 16-storey block of flats in Colentina area of Bucharest should have been finalized in September last year and was expected to have 156 apartments.

Romania's industrial output went up by 10.5 percent in the first ten months of the year compared to the same period of last year, according to data from the Statistics Institute. The mining sector went down by 7.1 percent, while capital goods went up 17.1 percent.

*After six years of mandate, president offers no support for Romanian capital abroad, either investments or export – in Ziarul Financiar
*Fiscal council: the 2011 budget was built based on unknown laws – in Ziarul Financiar
*Enel has green energy for 35,000 houses – in Ziarul Financiar
*EUR 4 million clinic in Unirea store – in Ziarul Financiar

The Romanian Government approved the 2011 state budget in a Cabinet meeting late Monday and the bill will be forwarded to the Parliament, according to Mediafax newswire.