*The biggest mall on the stock exchange gained EUR 8 million in a day – in Ziarul Financiar
*How are the millions of euros invested in wind mills recovered? By a 30% increase in the energy bill – in Ziarul Financiar
*Halving of provisions lead to double profit for Raiffeisen in Romania in the third quarter – in Ziarul Financiar
*Head of Rolang Berger Romania, promoted to regional level – in Ziarul Financiar

Investment fund Eastern Eagle, registered in the Cayman Islands, sold a 6 percent share package in stock – exchange listed Romcarbon Buzau (symbol ROCE) for EUR 772,000. The deal, sealed at RON 0.21 per share, valued the company at around EUR 12.9 million- its current market capitalization. The company posted loss in the first nine months of the year.

Hotel group Rezidor has taken over the management of the 295-apartment complex Centre Ville in Bucharest, which is owned by Bucuresti Turism. The hotel group also manages the adjoining five-star Radisson Blu hotel, owned by the same Bucuresti Turism.

Companies interested in European funding may apply in the frame of different operational programs like Increase of Economic Competitiveness, Human Resources Development, National Program for Rural Development or the Regional Operational Program. See our recent articles here. We've listed some practical issues applicants should know, as well as some useful contacts for each area of interest.

The Bucharest Stock Exchange (BVB) plans to introduce Real Estate Investment Trusts (REITs) on trade on its regulated market, as a result of the development of investment funds which place money in real estate properties. The BVB is yet to announce the calendar of this project.

*Four mall in Bucharest worth over EUR 1 billion. Will they find buyers? - in Ziarul Financiar
*2011 budget proposes drastic drop in expenses, 2.2 percent of the GDP - in Ziarul Financiar
*Romania faced five financial crises in the last five years due to the lack of financial education - in Ziarul Financiar
*Banca Transilvania raised EUR 26 million from investors in the first share issuance since the beginning of crisis - in Ziarul Financiar

Romania wants to get EUR 1 billion for its 45.9 percent share package in telecom operator Romtelecom. “As a representative of the state, the Communication Ministry will take into account the market realities and will not sell the share package at any price. We will deal with the issue as any serious business,” said Communication Minister Valerian Vreme.

Local company Oltchim Ramnicu Valcea, listed on the Bucharest Stock Exchange (symbol OLT) posted a turnover of EUR 32 million in October, up 14 percent on the average in the first ten months this year.

Romania will record an 1.5 percent growth of its Gross Domestic Product (GDP) in 2011, while this year it will shrink by 1.9 percent from 2009, shows the autumn economic forecast issued by the European Commission.

Spanish law firm Garrigues will close down its office in Bucharest, after having changed the business strategy for the Central and Eastern Europe. The law firm will work in the region through its office in Warsaw, according to the law firm.

*The biggest mall on the stock exchange gained EUR 8 million in a day – in Ziarul Financiar
*How are the millions of euros invested in wind mills recovered? By a 30% increase in the energy bill – in Ziarul Financiar
*Halving of provisions lead to double profit for Raiffeisen in Romania in the third quarter – in Ziarul Financiar
*Head of Rolang Berger Romania, promoted to regional level – in Ziarul Financiar

Investment fund Eastern Eagle, registered in the Cayman Islands, sold a 6 percent share package in stock – exchange listed Romcarbon Buzau (symbol ROCE) for EUR 772,000. The deal, sealed at RON 0.21 per share, valued the company at around EUR 12.9 million- its current market capitalization. The company posted loss in the first nine months of the year.

Hotel group Rezidor has taken over the management of the 295-apartment complex Centre Ville in Bucharest, which is owned by Bucuresti Turism. The hotel group also manages the adjoining five-star Radisson Blu hotel, owned by the same Bucuresti Turism.

Companies interested in European funding may apply in the frame of different operational programs like Increase of Economic Competitiveness, Human Resources Development, National Program for Rural Development or the Regional Operational Program. See our recent articles here. We've listed some practical issues applicants should know, as well as some useful contacts for each area of interest.

The Bucharest Stock Exchange (BVB) plans to introduce Real Estate Investment Trusts (REITs) on trade on its regulated market, as a result of the development of investment funds which place money in real estate properties. The BVB is yet to announce the calendar of this project.

*Four mall in Bucharest worth over EUR 1 billion. Will they find buyers? - in Ziarul Financiar
*2011 budget proposes drastic drop in expenses, 2.2 percent of the GDP - in Ziarul Financiar
*Romania faced five financial crises in the last five years due to the lack of financial education - in Ziarul Financiar
*Banca Transilvania raised EUR 26 million from investors in the first share issuance since the beginning of crisis - in Ziarul Financiar

Romania wants to get EUR 1 billion for its 45.9 percent share package in telecom operator Romtelecom. “As a representative of the state, the Communication Ministry will take into account the market realities and will not sell the share package at any price. We will deal with the issue as any serious business,” said Communication Minister Valerian Vreme.

Local company Oltchim Ramnicu Valcea, listed on the Bucharest Stock Exchange (symbol OLT) posted a turnover of EUR 32 million in October, up 14 percent on the average in the first ten months this year.

Romania will record an 1.5 percent growth of its Gross Domestic Product (GDP) in 2011, while this year it will shrink by 1.9 percent from 2009, shows the autumn economic forecast issued by the European Commission.

Spanish law firm Garrigues will close down its office in Bucharest, after having changed the business strategy for the Central and Eastern Europe. The law firm will work in the region through its office in Warsaw, according to the law firm.