Central European Media Enterprises, which owns several TV stations in Romania, posted USD 80 million in net revenues in the first half of the year, down USD 4 million on the same period of last year. The first quarter of the year meant net revenues of USD 43 million for the company in Romania, down USD 5 million on the first quarter of 2009.

Discounter Plus has opened two new stores with an investment of EUR 3 million. The new discounter stores are in Cluj and in Slobozia. The new openings brings the Plus network in Romania at 103 stores. Plus has been expanding in Romania for the last couple of years and it plans to further grow its network to cities of over 15,000 inhabitants.

Romanian investment fund Fondul Proprietatea (Proprietatea Fund) will be most likely floated the Bucharest Stock Exchange in January next year, as well as on a foreign stock market, possibly the London one, according to Greg Konieczny, fund manager for Franklin Templeton in Romania, quoted by the Money Channel.

Almost a quarter of Romanians pay they bills using automated payment machines, which is double the European average, found a study by Intella Information. However, most Romanians still prefer to receive the paper bills – only eight percent of those included in the study said they chose electronic bills.

The Finance Ministry sold EUR 1.2 billion of state titles today, three times more than it was planning. The average yield a year for these certificates is of 4.9 percent a year. The demand for the state titles was even higher – of EUR 1.37 billion. The state titles have a one-year maturity.

The British ambassador to Romania, Robin Barnett, who is preparing to end his term in Romania, said the bureaucracy in the country is still high and that the infrastructure problems and the labor Code are barriers to investors in this country, he said, quoted by Mediafax newswire.

A project meant to improve the infrastructure for water and wastewater in Dambovita county will be implemented until 2013. The value of the project is of EUR 140 million, one of the biggest such projects undergoing in Romania.

Renault and Automobile Dacia are midway through works for a new Logan model, which should replace the existing Dacia Logan in 2012, according to Ziarul Financiar. The future Logan generation will be named X52 – the existing one is called X90.

Cheese producer Bongrain Europe has recently closed its acquisition of a 52 percent stake in local Delaco, according to Biris Goran law firm, which acted as advisor on the deal for the buyer. The deal, which had been previously announced, has got the Romanian Competition Council clearance.

The biggest retailers in Romania run businesses worth EUR 7.5 billion in total last year, shows the recently published Top 100 companies in Romania report by Romania Insider. Last year, these 15 companies together posted sales of EUR 8.2 billion in total, the report shows.

Central European Media Enterprises, which owns several TV stations in Romania, posted USD 80 million in net revenues in the first half of the year, down USD 4 million on the same period of last year. The first quarter of the year meant net revenues of USD 43 million for the company in Romania, down USD 5 million on the first quarter of 2009.

Discounter Plus has opened two new stores with an investment of EUR 3 million. The new discounter stores are in Cluj and in Slobozia. The new openings brings the Plus network in Romania at 103 stores. Plus has been expanding in Romania for the last couple of years and it plans to further grow its network to cities of over 15,000 inhabitants.

Romanian investment fund Fondul Proprietatea (Proprietatea Fund) will be most likely floated the Bucharest Stock Exchange in January next year, as well as on a foreign stock market, possibly the London one, according to Greg Konieczny, fund manager for Franklin Templeton in Romania, quoted by the Money Channel.

Almost a quarter of Romanians pay they bills using automated payment machines, which is double the European average, found a study by Intella Information. However, most Romanians still prefer to receive the paper bills – only eight percent of those included in the study said they chose electronic bills.

The Finance Ministry sold EUR 1.2 billion of state titles today, three times more than it was planning. The average yield a year for these certificates is of 4.9 percent a year. The demand for the state titles was even higher – of EUR 1.37 billion. The state titles have a one-year maturity.

The British ambassador to Romania, Robin Barnett, who is preparing to end his term in Romania, said the bureaucracy in the country is still high and that the infrastructure problems and the labor Code are barriers to investors in this country, he said, quoted by Mediafax newswire.

A project meant to improve the infrastructure for water and wastewater in Dambovita county will be implemented until 2013. The value of the project is of EUR 140 million, one of the biggest such projects undergoing in Romania.

Renault and Automobile Dacia are midway through works for a new Logan model, which should replace the existing Dacia Logan in 2012, according to Ziarul Financiar. The future Logan generation will be named X52 – the existing one is called X90.

Cheese producer Bongrain Europe has recently closed its acquisition of a 52 percent stake in local Delaco, according to Biris Goran law firm, which acted as advisor on the deal for the buyer. The deal, which had been previously announced, has got the Romanian Competition Council clearance.

The biggest retailers in Romania run businesses worth EUR 7.5 billion in total last year, shows the recently published Top 100 companies in Romania report by Romania Insider. Last year, these 15 companies together posted sales of EUR 8.2 billion in total, the report shows.