The renewable energy industry could attract investments of up to EUR 9 billion in Romania, considering the high potential on this market, according to Gabriel Sidere, managing partner with CMS Cameron McKenna Bucharest, who attended the "Green. The Future of Energy' conference in Bucharest.

Several large retailers will open stores next year in Polus Center Constanta mall, which has been re-branded as Maritimo Shopping Center after the Immofinanz takeover. Swedish clothing retailer H&M and sports retailer Decathlon will open stores in the mall in 2011, when Immofinanz plans to finalize works on the shopping center. French hypermarket chain Auchan will also have a store in the Constanta shopping mall, which should be ready in September next year.

HD Automotive International, a company owned by Romanian firm Polisea and German company Automotive Stefani, will build a car parts production unit in Craiova. Polisea currently produces paper rolls for the textile industry, while Automotive Stefani produces flexible materials for the car industry and works for companies like Audi, BMW and Volkswagen.

Romania’s industry does not seem to be reviving and the country’s economy will not defeat the crisis in 2011, believes Frank Hajdinjak (in picture), the general manager of utility group E.ON Romania, the local subsidiary of Germany's E.ON AG.

*Austrians have the highest investment potential in Romania in the next ten years – in Ziarul Financiar
*AmCham asks the Govt to keep the flat tax – in Ziarul Financiar
*Romanian Leu surprisingly strengthens, helped by foreign news – in Ziarul Financiar
*One of three Dacias sold to export is a Duster – in Ziarul Financiar
*Large retailers continue expansion: H&M, C&A and Decathlon, tenants in Maritimo Constanta – in Ziarul Financiar

Romania's budget deficit in the first nine months of the year was of EUR 5.4 billion in the first nine months of the year, below the target set by the International Monetary Funds, which was of EUR 6.5 billion.

D&M Perfect Real Estate has invested EUR 8 million into the 45-apartment Hotel Epoque, which will be opened on November 1. The five-star hotel, located near the Cismigiu park in Bucharest, is managed by Trend Hospitality.

(Update adds details about the management contract and about the measures planned by Asesoft group in the last paragraph)

Romanian company Asesoft group has taken over the management of Realitatea Media group and plans to invest EUR 75 million in the group in the following five years, according to Asesoft. Realitatea Media was controlled by media mogul Sorin Ovidiu Vantu. Realitatea Media runs Realitatea TV, The Money Channel TV station, as well as several media products in print.

Retailer Kaufland Romania will open a second hypermarket in Bistrita on a land plot three times larger than the one which hosts the existing Kaufland store in the city, according to Agerpress newswire.

*Bank deposits will be guaranteed up to EUR 100,000 – in Ziarul Financiar
*US Ambassador to Romania: “Americans are sitting on billion so of dollars they could invest here, but you have to take the country out of the crisis” – in Ziarul Financiar
*IMF expects Basescu's decision on the VAT drop and tax exemption for pensions – in Ziarul Financiar
*Google looks for Romanians with marketing background for its Ireland headquarters – in Ziarul Financiar
*Romanian – German investment (HD Automotive International) close to Ford in Craiova – in Ziarul Financiar
*Bicycle producer with EUR 23 million business wants to float on Sibex – in Ziarul Financiar

The renewable energy industry could attract investments of up to EUR 9 billion in Romania, considering the high potential on this market, according to Gabriel Sidere, managing partner with CMS Cameron McKenna Bucharest, who attended the "Green. The Future of Energy' conference in Bucharest.

Several large retailers will open stores next year in Polus Center Constanta mall, which has been re-branded as Maritimo Shopping Center after the Immofinanz takeover. Swedish clothing retailer H&M and sports retailer Decathlon will open stores in the mall in 2011, when Immofinanz plans to finalize works on the shopping center. French hypermarket chain Auchan will also have a store in the Constanta shopping mall, which should be ready in September next year.

HD Automotive International, a company owned by Romanian firm Polisea and German company Automotive Stefani, will build a car parts production unit in Craiova. Polisea currently produces paper rolls for the textile industry, while Automotive Stefani produces flexible materials for the car industry and works for companies like Audi, BMW and Volkswagen.

Romania’s industry does not seem to be reviving and the country’s economy will not defeat the crisis in 2011, believes Frank Hajdinjak (in picture), the general manager of utility group E.ON Romania, the local subsidiary of Germany's E.ON AG.

*Austrians have the highest investment potential in Romania in the next ten years – in Ziarul Financiar
*AmCham asks the Govt to keep the flat tax – in Ziarul Financiar
*Romanian Leu surprisingly strengthens, helped by foreign news – in Ziarul Financiar
*One of three Dacias sold to export is a Duster – in Ziarul Financiar
*Large retailers continue expansion: H&M, C&A and Decathlon, tenants in Maritimo Constanta – in Ziarul Financiar

Romania's budget deficit in the first nine months of the year was of EUR 5.4 billion in the first nine months of the year, below the target set by the International Monetary Funds, which was of EUR 6.5 billion.

D&M Perfect Real Estate has invested EUR 8 million into the 45-apartment Hotel Epoque, which will be opened on November 1. The five-star hotel, located near the Cismigiu park in Bucharest, is managed by Trend Hospitality.

(Update adds details about the management contract and about the measures planned by Asesoft group in the last paragraph)

Romanian company Asesoft group has taken over the management of Realitatea Media group and plans to invest EUR 75 million in the group in the following five years, according to Asesoft. Realitatea Media was controlled by media mogul Sorin Ovidiu Vantu. Realitatea Media runs Realitatea TV, The Money Channel TV station, as well as several media products in print.

Retailer Kaufland Romania will open a second hypermarket in Bistrita on a land plot three times larger than the one which hosts the existing Kaufland store in the city, according to Agerpress newswire.

*Bank deposits will be guaranteed up to EUR 100,000 – in Ziarul Financiar
*US Ambassador to Romania: “Americans are sitting on billion so of dollars they could invest here, but you have to take the country out of the crisis” – in Ziarul Financiar
*IMF expects Basescu's decision on the VAT drop and tax exemption for pensions – in Ziarul Financiar
*Google looks for Romanians with marketing background for its Ireland headquarters – in Ziarul Financiar
*Romanian – German investment (HD Automotive International) close to Ford in Craiova – in Ziarul Financiar
*Bicycle producer with EUR 23 million business wants to float on Sibex – in Ziarul Financiar