Austrian companies are still interested in investing in Romania, but they ask for more transparency, efficiency and consistency in public administration, as well as the improvement of the local legal system, according to Rudolf Lukavsky, Commercial Counselor within the Austrian Embassy to Bucharest.

Unhappy bank customers in Romania have joined internet groups and some of them even started procedures to sue banks over their reshuffled loan contracts, after local banks started to change the existing loan contracts, making them more transparent, in compliance with the new Romanian legislation and the EU rules.

Real estate developer Asmita and investment fund European Development Convergence Company (ECDC), owners of the 765-apartment complex Asmita Gardens in Bucharest have sold EUR 3 million of housing in the complex in the first quarter of the year. 24 new families thus moved in their Asmita Gardens homes.

*CMU merges with Euroclinic – in Ziarul Financiar
*Gunter Grieb leaves Profi after a year – in Ziarul Financiar
*Romania taken down by Greece's problems, says Economist Intelligence Unit – in Ziarul Financiar
*Local Musette stores go to New York – in Ziarul Financiar

Five-star hotel Athenee Palace Hilton in Bucharest has opened the Cafe Athenee restaurant following a revamping process which included the hotel's reception, lobby, the hallway area, as well as food and beverage areas. The entire renovation cost was of EUR 2 million, according to Linda Griffin, the newly appointed general manager of the Bucharest hotel.

Czech company CEZ has recently received the first green certificates for the energy produced by its windmills in Dobrogea, the company has announced. Tomis Team, a company in the CEZ group in Romania, got the green certificates for the month of August. CEZ has 100 running wind turbines in Fantanele, with an installed capacity of 250 MW.

Romania needs an extra EUR 3 billion to pay pensions in 2011, Prime Minister Emil Boc has said. The reform of the pensions system is a step forward in ensuring the system's fairness and sustainability, he has added.

Romanian state-owned passenger railway company CFR Calatori will raise railway transport tariffs by 8 percent from September 20 and it will maintain discounts for commuters, school pupils and university students, the company has said. The increase in railway transport tariffs was initially planned for September 15, but it was put off for a later date.

Romanian state-owned gas company Romgaz will purchase natural gas from import, through negotiations on Vienna Gas Exchange from June 2011, according to the company. This will be a first for the Romanian company and it means that the company will get gas at lower prices compared to the current imports based on the contracts Romgaz mainly concluded with Gazprom.

*Banks have to face mass protests for the first time for change of contracts – in Ziarul Financiar
*Over 40,000 Romanians signed mandatory home insurance – in Ziarul Financiar
*Romanian Simona Popovici is part of the Coca Cola Hellenic HR management team – in Ziarul Financiar
*Reuters: Romania could reach a financing crisis in November – in Ziarul Financiar
*Sorin ovidiu Vantu freed from arrest. Basescu about SOV accusations: “An accused cannot be confronted with a head of state” - in Gandul

Austrian companies are still interested in investing in Romania, but they ask for more transparency, efficiency and consistency in public administration, as well as the improvement of the local legal system, according to Rudolf Lukavsky, Commercial Counselor within the Austrian Embassy to Bucharest.

Unhappy bank customers in Romania have joined internet groups and some of them even started procedures to sue banks over their reshuffled loan contracts, after local banks started to change the existing loan contracts, making them more transparent, in compliance with the new Romanian legislation and the EU rules.

Real estate developer Asmita and investment fund European Development Convergence Company (ECDC), owners of the 765-apartment complex Asmita Gardens in Bucharest have sold EUR 3 million of housing in the complex in the first quarter of the year. 24 new families thus moved in their Asmita Gardens homes.

*CMU merges with Euroclinic – in Ziarul Financiar
*Gunter Grieb leaves Profi after a year – in Ziarul Financiar
*Romania taken down by Greece's problems, says Economist Intelligence Unit – in Ziarul Financiar
*Local Musette stores go to New York – in Ziarul Financiar

Five-star hotel Athenee Palace Hilton in Bucharest has opened the Cafe Athenee restaurant following a revamping process which included the hotel's reception, lobby, the hallway area, as well as food and beverage areas. The entire renovation cost was of EUR 2 million, according to Linda Griffin, the newly appointed general manager of the Bucharest hotel.

Czech company CEZ has recently received the first green certificates for the energy produced by its windmills in Dobrogea, the company has announced. Tomis Team, a company in the CEZ group in Romania, got the green certificates for the month of August. CEZ has 100 running wind turbines in Fantanele, with an installed capacity of 250 MW.

Romania needs an extra EUR 3 billion to pay pensions in 2011, Prime Minister Emil Boc has said. The reform of the pensions system is a step forward in ensuring the system's fairness and sustainability, he has added.

Romanian state-owned passenger railway company CFR Calatori will raise railway transport tariffs by 8 percent from September 20 and it will maintain discounts for commuters, school pupils and university students, the company has said. The increase in railway transport tariffs was initially planned for September 15, but it was put off for a later date.

Romanian state-owned gas company Romgaz will purchase natural gas from import, through negotiations on Vienna Gas Exchange from June 2011, according to the company. This will be a first for the Romanian company and it means that the company will get gas at lower prices compared to the current imports based on the contracts Romgaz mainly concluded with Gazprom.

*Banks have to face mass protests for the first time for change of contracts – in Ziarul Financiar
*Over 40,000 Romanians signed mandatory home insurance – in Ziarul Financiar
*Romanian Simona Popovici is part of the Coca Cola Hellenic HR management team – in Ziarul Financiar
*Reuters: Romania could reach a financing crisis in November – in Ziarul Financiar
*Sorin ovidiu Vantu freed from arrest. Basescu about SOV accusations: “An accused cannot be confronted with a head of state” - in Gandul