Construction materials producer Somaco Grup Prefabricate sold 37 percent more aerated concrete blocks (BCA) products in the first nine months of the year compared to the same period of last year, the company has announced. Somaco plans to reach a sales increase of 10 percent throughout the entire year and estimates it will increase its turnover by up to 18 percent this year on last year.

Austrian wood production company Egger will invest EUR 150 million in a production line for oriented strand boards (OSB) in its Radauti factory, the company has announced. The company still needs to receive construction authorization for works on the new production line.

*Five bankers cashed in over EUR 1 million in 2009 for their 2008 results – in Ziarul Financiar
*Alcatel Lucent continues to hire software producers and engineers – in Ziarul Financiar
*Horvath & Partners: Romania ranks third in region in terms of investment potential – in Ziarul Financiar
*Gregory's changes director and strategy – continues with franchises – in Ziarul Financiar
*Romania, the sixth largest beneficiary of EU funds with EUR 1.7 bln. The absorption capacity by mid-year – 10.1% – in Ziarul Financiar

onstruction permits issued for residential buildings in August this year stood at 4,670, up 9.5 percent from July 2010 and 0.4 percent from the same month last year, according to the National Statistics Institute (INS).

Consumer goods producer Procter & Gamble, which has recently opened its factory in Urlati, Romania, intends to invest in renewable energy that it could trade on the stock market, company representatives have said. “We intend to look at European funds for renewable energy, together with the Ministry of Environment. We could trade renewable energy on the stock market, as the transactions with green certificates are pending regulations,” said Ramona Brad, associate director for external relations with P&G.

*Bankers try to change the Government Ordinance 50 to avoid lawsuits with unhappy customers – in Ziarul Financiar
*Richest 500 Romanians have a wealth of EUR 28 billion Dinu Patriciu, Frank Timis and Ioan Niculae on the podium – in Ziarul Financiar
*BNR will keep interest rate at 6.25%this year, analysts believe – in Ziarul Financiar
*CEC Bank has 150 forced executed houses and land plots – in Ziarul Financiar
*Notaries drop tariffs by as much as 90% for sale contracts, refinancing and inheritances – in Gandul

Around 40 percent of private companies in Romania estimate an average 6.8 percent raise in salaries in 2011, compared with an average 4.3 percent salary raise in 2010, according to a PayWell Romania survey on salary and benefits, conducted by PricewaterhouseCoopers (PwC).

Polish consultancy firm Accreo, which specializes in obtaining European funds, state aid and in business consultancy, is working on EUR 50 million of projects through its recently – opened Romanian subsidiary, the company has announced.

The new Bucharest Obor Market will be opened at the beginning of October, when the two-floorey building which was developed on the site will be finalized. The project, a partnership between the Bucharest Sector 2 city hall and a group of local developers, will feature traditional grocery sales areas, hosting some of the individuals producers which used to sell fruits and vegetables in the old Obor Market.

Local firm Shopping Center Holding, which has taken over the formerly known Tiago Mall Oradea in a deal estimated at EUR 30.5 million, will build the 30,000 sqm Oradea Shopping City on the premises, the firm has announced.

Construction materials producer Somaco Grup Prefabricate sold 37 percent more aerated concrete blocks (BCA) products in the first nine months of the year compared to the same period of last year, the company has announced. Somaco plans to reach a sales increase of 10 percent throughout the entire year and estimates it will increase its turnover by up to 18 percent this year on last year.

Austrian wood production company Egger will invest EUR 150 million in a production line for oriented strand boards (OSB) in its Radauti factory, the company has announced. The company still needs to receive construction authorization for works on the new production line.

*Five bankers cashed in over EUR 1 million in 2009 for their 2008 results – in Ziarul Financiar
*Alcatel Lucent continues to hire software producers and engineers – in Ziarul Financiar
*Horvath & Partners: Romania ranks third in region in terms of investment potential – in Ziarul Financiar
*Gregory's changes director and strategy – continues with franchises – in Ziarul Financiar
*Romania, the sixth largest beneficiary of EU funds with EUR 1.7 bln. The absorption capacity by mid-year – 10.1% – in Ziarul Financiar

onstruction permits issued for residential buildings in August this year stood at 4,670, up 9.5 percent from July 2010 and 0.4 percent from the same month last year, according to the National Statistics Institute (INS).

Consumer goods producer Procter & Gamble, which has recently opened its factory in Urlati, Romania, intends to invest in renewable energy that it could trade on the stock market, company representatives have said. “We intend to look at European funds for renewable energy, together with the Ministry of Environment. We could trade renewable energy on the stock market, as the transactions with green certificates are pending regulations,” said Ramona Brad, associate director for external relations with P&G.

*Bankers try to change the Government Ordinance 50 to avoid lawsuits with unhappy customers – in Ziarul Financiar
*Richest 500 Romanians have a wealth of EUR 28 billion Dinu Patriciu, Frank Timis and Ioan Niculae on the podium – in Ziarul Financiar
*BNR will keep interest rate at 6.25%this year, analysts believe – in Ziarul Financiar
*CEC Bank has 150 forced executed houses and land plots – in Ziarul Financiar
*Notaries drop tariffs by as much as 90% for sale contracts, refinancing and inheritances – in Gandul

Around 40 percent of private companies in Romania estimate an average 6.8 percent raise in salaries in 2011, compared with an average 4.3 percent salary raise in 2010, according to a PayWell Romania survey on salary and benefits, conducted by PricewaterhouseCoopers (PwC).

Polish consultancy firm Accreo, which specializes in obtaining European funds, state aid and in business consultancy, is working on EUR 50 million of projects through its recently – opened Romanian subsidiary, the company has announced.

The new Bucharest Obor Market will be opened at the beginning of October, when the two-floorey building which was developed on the site will be finalized. The project, a partnership between the Bucharest Sector 2 city hall and a group of local developers, will feature traditional grocery sales areas, hosting some of the individuals producers which used to sell fruits and vegetables in the old Obor Market.

Local firm Shopping Center Holding, which has taken over the formerly known Tiago Mall Oradea in a deal estimated at EUR 30.5 million, will build the 30,000 sqm Oradea Shopping City on the premises, the firm has announced.