The current current minimum corporate tax will be replaced with a flat-rate tax that will be applied only in areas where...

International hotel chain Hilton Worlwide has signed a contract with a local company to open the first Doubletree by Hilton hotel in Bucharest next year. VIS 7 Import Export SRL company will renovate the Bucharest City Unirii Square hotel in Bucharest and turn it into Doublee, which should open in the second half of next year. The Bucharest City hotel, opened in 2006, has 88 rooms.

Romania will emerge from recession behind most other countries, as the crisis hit with a six-month delay, Prime Minister Emil Boc has said. The recession didn't affect Romania until the end of 2008, while most of the world economies were impacted earlier that year, Boc told a meeting with the Romanian community in New York.

With wines accounting for around 10 percent of real,- Hypermarket Romania's food and beverage sales a year, the retailer has decided to expand the selection of wines it sells in its stores. It has recently introduced new wines from Georgia, Turkey and China into its offer, reaching a selection of 600 wines from across the world. Out of these, 320 are Romanian wines. real,- Hypermarket has recently launched a printed catalog with the wines in its offer.

*The Romanian state allows prices to be expressed in EUR, although the national currency is RON – in Ziarul Financiar
*Copos negotiates development of Ana Tower with GTC – in Ziarul Financiar
*New exit from real estate – Alejandro Solano leaves Hercesa after six years – in Ziarul Financiar
*Camelia Sucu closes down Natuzzi store in Unirii but plans re-opening in Pipera – in Ziarul Financiar
*Cristian Ionescu, Coface: Romania and Bulgaria have the lowest ratings in Europe – in Ziarul Financiar

Romania has received the third loan tranche from the European Commission, some EUR 1.2 billion on Wednesday. So far, Romania cashed in EUR 3.5 billion from the EUR 5 billion EC loan.

Romania’s largest mobile operator, Orange, will launch Apple’s iPhone 4 in Romania on Friday, September 24. The telephone which will be available both online and in selected stores, the operator said Thursday. The iPhone 4 is enabled with video calling with FaceTime and comes with a high-resolution display, HD video recording, a 5-megapixel camera, Apple A4 processor and more, Orange Romania said in a press release.

Investments in Romania's railway system will reach EUR 7 billion in the next five years, as investors from around the world are interested in the opportunities offered by Romania in this field, Secretary General of the Association of Romania's Railway Industry (AIF) Stefan Roseanu told Agerpres newswire.

*Basescu: We're getting money from the IMF, nobody will lend us money long term – in Ziarul Financiar
*E.ON develops three wind farms with EUR 200 million – in Ziarul Financiar
*Microsoft Romania: We expect a 6 percent increase this year. We're betting on cloud computing – in Ziarul Financiar
*Over 1,000 clients deposit average wealth of EUR 400,000 with ING Bank – in Ziarul Financiar
*Agrana shuts down sugar factory in Buzau for four months – in Ziarul Financiar

Rating agency Coface has left its sovereign rating on Romania unchanged at “B” in September, the lowest rating in central and eastern Europe, the agency said Wednesday. Romania and neighbor Bulgaria have been under "B" rating since June 2009.

The current current minimum corporate tax will be replaced with a flat-rate tax that will be applied only in areas where...

International hotel chain Hilton Worlwide has signed a contract with a local company to open the first Doubletree by Hilton hotel in Bucharest next year. VIS 7 Import Export SRL company will renovate the Bucharest City Unirii Square hotel in Bucharest and turn it into Doublee, which should open in the second half of next year. The Bucharest City hotel, opened in 2006, has 88 rooms.

Romania will emerge from recession behind most other countries, as the crisis hit with a six-month delay, Prime Minister Emil Boc has said. The recession didn't affect Romania until the end of 2008, while most of the world economies were impacted earlier that year, Boc told a meeting with the Romanian community in New York.

With wines accounting for around 10 percent of real,- Hypermarket Romania's food and beverage sales a year, the retailer has decided to expand the selection of wines it sells in its stores. It has recently introduced new wines from Georgia, Turkey and China into its offer, reaching a selection of 600 wines from across the world. Out of these, 320 are Romanian wines. real,- Hypermarket has recently launched a printed catalog with the wines in its offer.

*The Romanian state allows prices to be expressed in EUR, although the national currency is RON – in Ziarul Financiar
*Copos negotiates development of Ana Tower with GTC – in Ziarul Financiar
*New exit from real estate – Alejandro Solano leaves Hercesa after six years – in Ziarul Financiar
*Camelia Sucu closes down Natuzzi store in Unirii but plans re-opening in Pipera – in Ziarul Financiar
*Cristian Ionescu, Coface: Romania and Bulgaria have the lowest ratings in Europe – in Ziarul Financiar

Romania has received the third loan tranche from the European Commission, some EUR 1.2 billion on Wednesday. So far, Romania cashed in EUR 3.5 billion from the EUR 5 billion EC loan.

Romania’s largest mobile operator, Orange, will launch Apple’s iPhone 4 in Romania on Friday, September 24. The telephone which will be available both online and in selected stores, the operator said Thursday. The iPhone 4 is enabled with video calling with FaceTime and comes with a high-resolution display, HD video recording, a 5-megapixel camera, Apple A4 processor and more, Orange Romania said in a press release.

Investments in Romania's railway system will reach EUR 7 billion in the next five years, as investors from around the world are interested in the opportunities offered by Romania in this field, Secretary General of the Association of Romania's Railway Industry (AIF) Stefan Roseanu told Agerpres newswire.

*Basescu: We're getting money from the IMF, nobody will lend us money long term – in Ziarul Financiar
*E.ON develops three wind farms with EUR 200 million – in Ziarul Financiar
*Microsoft Romania: We expect a 6 percent increase this year. We're betting on cloud computing – in Ziarul Financiar
*Over 1,000 clients deposit average wealth of EUR 400,000 with ING Bank – in Ziarul Financiar
*Agrana shuts down sugar factory in Buzau for four months – in Ziarul Financiar

Rating agency Coface has left its sovereign rating on Romania unchanged at “B” in September, the lowest rating in central and eastern Europe, the agency said Wednesday. Romania and neighbor Bulgaria have been under "B" rating since June 2009.