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.

With a total net investment of approximately EUR 10 billion and with EUR 2.2 billion in trade between Romania and Austria, the Western European country remains the main investor into the Romanian economy, information from the Austrian Embassy to Romania reveals.

Microsoft Romania has seen its turnover back upwards from December last year and hopes to achieve a 6 percent hike in its revenues for the fiscal year 2011, compared to 2010, the company has announced without disclosing the actual sales figure. Microsoft Romania posted a sales increase of 3 percent during January – June this year.

*Expansion number 3 in Bucharest Mall – H&M – in Ziarul Financiar
*Minister Ariton's first move – changing the head of Transgaz – in Ziarul Financiar
*Austrians say 10% of Romania's GDP is due to their investments – in Ziarul Financiar
*Cinteza, BNR: Banks could loose EUR 600 million from applying OUG 50, some will ask compensations from the state – in Ziarul Financiar
*Alumil plans to build another factory – in Ziarul Financiar

Romania will sign a new loan agreement with the International Monetary Fund in 2011 to finance its budget deficit, Romanian President Traian Basescu said Tuesday.

Russian software reseller Softline, which has recently opened an office on the Romanian market, expects a USD 0.5 million turnover from the local subsidiary in the first year of activity, with most of the revenues coming from the re-sale of Microsoft products

The Romanian telecommunications and postal services market reached EUR 4.4 billion at the end of 2009, according to data from the National Authority for Management and Regulation in Communications, based on the annual financial statements submitted by the operators. This was down 12.5 percent compared to 2008, when the market was of EUR 5 billion.

Private health care operator Centrul Medical Unirea (CMU), majority owned by investment fund Advent International will merge with Euroclinic Hospital and Medical Centers, the two companies have announced. Advent International has taken over the majority share package in Euroclinic from Dutch group Eureko.

Porsche Romania expects to sell up to 100 Audi A1 cars a year in Romania and the model could reach 8 percent of Audi sales on the Romanian market in 2011, according to Matei Albulescu, Audi brand manager within Porsche Romania importer. The car is priced between EUR 17,200 and EUR 23,100 in Romania (VAT included).

Romania must adopt the unitary pension system law and pay the debts of its public hospitals before the International...

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.

With a total net investment of approximately EUR 10 billion and with EUR 2.2 billion in trade between Romania and Austria, the Western European country remains the main investor into the Romanian economy, information from the Austrian Embassy to Romania reveals.

Microsoft Romania has seen its turnover back upwards from December last year and hopes to achieve a 6 percent hike in its revenues for the fiscal year 2011, compared to 2010, the company has announced without disclosing the actual sales figure. Microsoft Romania posted a sales increase of 3 percent during January – June this year.

*Expansion number 3 in Bucharest Mall – H&M – in Ziarul Financiar
*Minister Ariton's first move – changing the head of Transgaz – in Ziarul Financiar
*Austrians say 10% of Romania's GDP is due to their investments – in Ziarul Financiar
*Cinteza, BNR: Banks could loose EUR 600 million from applying OUG 50, some will ask compensations from the state – in Ziarul Financiar
*Alumil plans to build another factory – in Ziarul Financiar

Romania will sign a new loan agreement with the International Monetary Fund in 2011 to finance its budget deficit, Romanian President Traian Basescu said Tuesday.

Russian software reseller Softline, which has recently opened an office on the Romanian market, expects a USD 0.5 million turnover from the local subsidiary in the first year of activity, with most of the revenues coming from the re-sale of Microsoft products

The Romanian telecommunications and postal services market reached EUR 4.4 billion at the end of 2009, according to data from the National Authority for Management and Regulation in Communications, based on the annual financial statements submitted by the operators. This was down 12.5 percent compared to 2008, when the market was of EUR 5 billion.

Private health care operator Centrul Medical Unirea (CMU), majority owned by investment fund Advent International will merge with Euroclinic Hospital and Medical Centers, the two companies have announced. Advent International has taken over the majority share package in Euroclinic from Dutch group Eureko.

Porsche Romania expects to sell up to 100 Audi A1 cars a year in Romania and the model could reach 8 percent of Audi sales on the Romanian market in 2011, according to Matei Albulescu, Audi brand manager within Porsche Romania importer. The car is priced between EUR 17,200 and EUR 23,100 in Romania (VAT included).

Romania must adopt the unitary pension system law and pay the debts of its public hospitals before the International...