Romanian investor Ioan Niculae has invested EUR 9 million in the Wine Center in Zimnicea and will start selling the Crama Voievodului wine label in Romania. Around half of the funding was covered by EU money. The fist wine brand to be launched under this label is Nobilitas.

Romanian lender Banca Transilvania has opened the second branch in Cyprus, the Limassol agency. The bank entered the Cyprus market in 2007, when it opened the first subsidiary in Nicosia. It targeted the Romanian community in Cyprus, around 40,000 people who work there.

Consumption of spirits in Romania has decreased this year to 5 liters per capita from 6 liters per capita last year because of the recession, said Romulus Dascalu, head of the Garant employers’ association in the industry, quoted by newswire Mediafax.

Bostina & Asociatii law firm is the state's legal adviser on the sale of 9.84 percent in OMV – Petrom. The share stake will be sold on the Bucharest Stock Market and, once completed, it could be the largest privatization done on the stock exchange so far.

The InterAgro group of companies, owned by Romanian businessman Ioan Niculae (in picture), expects a EUR 1 billion turnover this year, up from EUR 720 million in 2009. The result will be however lower than the EUR 1.2 billion posted in 2008, according to Ioan Niculae.

French sports retailer Decathlon will open its fifth store in Romania, within Grand Arena Mall in Bucharest. The new store will cover 5,550 sqm.

The Cluj county Consumer Protection has applied a RON 100,000 (around EUR 23,000) fine to BCR and has asked for the suspension of lending after the bank has included the risk commission in the administration commission, although this has been forbidden by the Ordinance 50/2010.

*Consumption survives after VAT increase and drop in salaries – in Ziarul Financiar
*Medicover plans to double sales and add 500 employees – in Ziarul Financiar
*Owner of AFI Palace Cotroceni delays Warsaw stock exchange listing – in Ziarul Financiar
*The second management change in Ford Romania in less than two months – in Ziarul Financiar

Polish company ABC Data has taken over a 50.9 percent share package in local Scop Computers and plans to buy the remainder of the shares in the following three years. The total price of the block of 846 shares of Scop Computers on the day of the transaction was EUR 5 million, according to ABC Data

Swedish security solutions provider Securitas has bought Romanian sector firm Cobra Security for an enterprise value of EUR 3.2 million from Romanian company UTI, owned by Tiberiu Urdareanu. Cobra, with a staff of more than 1,000 people and annual sales of nearly EUR 4.2 million, provides guarding and monitoring services, reads Securitas' statement.

Romanian investor Ioan Niculae has invested EUR 9 million in the Wine Center in Zimnicea and will start selling the Crama Voievodului wine label in Romania. Around half of the funding was covered by EU money. The fist wine brand to be launched under this label is Nobilitas.

Romanian lender Banca Transilvania has opened the second branch in Cyprus, the Limassol agency. The bank entered the Cyprus market in 2007, when it opened the first subsidiary in Nicosia. It targeted the Romanian community in Cyprus, around 40,000 people who work there.

Consumption of spirits in Romania has decreased this year to 5 liters per capita from 6 liters per capita last year because of the recession, said Romulus Dascalu, head of the Garant employers’ association in the industry, quoted by newswire Mediafax.

Bostina & Asociatii law firm is the state's legal adviser on the sale of 9.84 percent in OMV – Petrom. The share stake will be sold on the Bucharest Stock Market and, once completed, it could be the largest privatization done on the stock exchange so far.

The InterAgro group of companies, owned by Romanian businessman Ioan Niculae (in picture), expects a EUR 1 billion turnover this year, up from EUR 720 million in 2009. The result will be however lower than the EUR 1.2 billion posted in 2008, according to Ioan Niculae.

French sports retailer Decathlon will open its fifth store in Romania, within Grand Arena Mall in Bucharest. The new store will cover 5,550 sqm.

The Cluj county Consumer Protection has applied a RON 100,000 (around EUR 23,000) fine to BCR and has asked for the suspension of lending after the bank has included the risk commission in the administration commission, although this has been forbidden by the Ordinance 50/2010.

*Consumption survives after VAT increase and drop in salaries – in Ziarul Financiar
*Medicover plans to double sales and add 500 employees – in Ziarul Financiar
*Owner of AFI Palace Cotroceni delays Warsaw stock exchange listing – in Ziarul Financiar
*The second management change in Ford Romania in less than two months – in Ziarul Financiar

Polish company ABC Data has taken over a 50.9 percent share package in local Scop Computers and plans to buy the remainder of the shares in the following three years. The total price of the block of 846 shares of Scop Computers on the day of the transaction was EUR 5 million, according to ABC Data

Swedish security solutions provider Securitas has bought Romanian sector firm Cobra Security for an enterprise value of EUR 3.2 million from Romanian company UTI, owned by Tiberiu Urdareanu. Cobra, with a staff of more than 1,000 people and annual sales of nearly EUR 4.2 million, provides guarding and monitoring services, reads Securitas' statement.