Fondul Proprietatea (Proprietatea Fund) posted a net profit of around EUR 49 million in the first half of this year, which was up 25 percent on the same period of last year.

Romanian media, Boc goes after the fortunes of businesspeople, the only ones who can pull the country out of the crisis – in Ziarul Financiar, Franks spent over 6 hours at the NBR to discuss on economic revival – in Ziarul Financiar, Dacia close to completing future Logan, codenamed "X52" – in Ziarul Financiar, Top ten insurers made 1,400 employees redundant in a year – in Ziarul Financiar, Romanians get 4bn fiscal receipts a year for food and detergents – in Ziarul Financiar

Online retailer eMAG.ro posted a turnover of EUR 41 million in the first six months of the year, which was up 64 percent on the same period of last year, the company has announced. EMAG expects the online retail market in Romania to grow in the second half of the year, after it went up by 30 percent in the first half.

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.

Romanian media, State-owned companies make 10 billion euro per year, but are incapable to generate profit- in Ziarul Financiar, Romanians asking for fiscal receipts, set to get part of spent money back - in Ziarul Financiar, UniCredit Group head: We're targeting a top 3 position in Romania - in Ziarul Financiar, A Romanian takes over the reins of Groupama - in Ziarul Financiar, Transelectrica invests EUR 18 million - in Ziarul Financiar, Billionaire Mittal brings EUR 83 million to save Hunedoara unit - in Ziarul Financiar

The International Monetary Fund will revise Romania's economic forecast for this year, which currently stands to expect a 0.5 percent GDP drop, according to Jeffrey Franks, the head of the IMF mission to Romania. However, he has labeled the 3 percent drop forecast put forward by the European Bank of Reconstruction and Development (EBRD) as 'pessimistic'.

Israeli firm Pointer will provide road assistance service packages for BCR Asigurari's customers in Romania and in the Central Eastern Europe. Pointer, a provider of automatic vehicle location technology, is a subsidiary of Shagrir.

Romanian consumers could be able to receive some of their money back on products they have purchased if they ask for the fiscal bills, and also deduct some repairing works for their homes, if a law project in works will be enforced. The Finance Ministry is working on a piece of legislation which should be ready in September and which could be enforced in the fourth quarter of the year or at the beginning of next year.

The wind farm frenzy in Dobrogea has gone wild when five people where shot with rubber bullets on the premises of one of these wind farm projects in the area. The shooting followed a conflict between the inhabitants and the mayor in Cogealac locality, on one hand, and the body guards protecting the wind farm project which is being built there.

Fondul Proprietatea (Proprietatea Fund) posted a net profit of around EUR 49 million in the first half of this year, which was up 25 percent on the same period of last year.

Romanian media, Boc goes after the fortunes of businesspeople, the only ones who can pull the country out of the crisis – in Ziarul Financiar, Franks spent over 6 hours at the NBR to discuss on economic revival – in Ziarul Financiar, Dacia close to completing future Logan, codenamed "X52" – in Ziarul Financiar, Top ten insurers made 1,400 employees redundant in a year – in Ziarul Financiar, Romanians get 4bn fiscal receipts a year for food and detergents – in Ziarul Financiar

Online retailer eMAG.ro posted a turnover of EUR 41 million in the first six months of the year, which was up 64 percent on the same period of last year, the company has announced. EMAG expects the online retail market in Romania to grow in the second half of the year, after it went up by 30 percent in the first half.

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.

Romanian media, State-owned companies make 10 billion euro per year, but are incapable to generate profit- in Ziarul Financiar, Romanians asking for fiscal receipts, set to get part of spent money back - in Ziarul Financiar, UniCredit Group head: We're targeting a top 3 position in Romania - in Ziarul Financiar, A Romanian takes over the reins of Groupama - in Ziarul Financiar, Transelectrica invests EUR 18 million - in Ziarul Financiar, Billionaire Mittal brings EUR 83 million to save Hunedoara unit - in Ziarul Financiar

The International Monetary Fund will revise Romania's economic forecast for this year, which currently stands to expect a 0.5 percent GDP drop, according to Jeffrey Franks, the head of the IMF mission to Romania. However, he has labeled the 3 percent drop forecast put forward by the European Bank of Reconstruction and Development (EBRD) as 'pessimistic'.

Israeli firm Pointer will provide road assistance service packages for BCR Asigurari's customers in Romania and in the Central Eastern Europe. Pointer, a provider of automatic vehicle location technology, is a subsidiary of Shagrir.

Romanian consumers could be able to receive some of their money back on products they have purchased if they ask for the fiscal bills, and also deduct some repairing works for their homes, if a law project in works will be enforced. The Finance Ministry is working on a piece of legislation which should be ready in September and which could be enforced in the fourth quarter of the year or at the beginning of next year.

The wind farm frenzy in Dobrogea has gone wild when five people where shot with rubber bullets on the premises of one of these wind farm projects in the area. The shooting followed a conflict between the inhabitants and the mayor in Cogealac locality, on one hand, and the body guards protecting the wind farm project which is being built there.