Dairy producer Danone Romania saw its sales increase by over 10 percent in Romania in the first half of the year, according to Ziarul Financiar, quoting information from the company. The company has a market share of 60 percent in Romania and posted a turnover of EUR 102 million last year. Last year, its net profit went down compared to a year before, reaching around EUR 6.4 million.

Romanian media, Finance Ministry raises EUR 1.2 billion from banks, 3 times more than planned – in Ziarul Financiar, Banca Transilvania, EUR 4 million profit in Q2 – in Ziarul Financiar, A new term for Property Fund listing: January 2011 – in Ziarul Financiar, Romtelecom launches its own sports TV channel – in Ziarul Financiar, Avon sells 45m euros' worth of cosmetics in rural areas – in Ziarul Financiar, Tarom flies high again after EUR 50 million losses of 2009: 30% growth in H1 – in Ziarul Financiar

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.

Local lender BRD has opened a EUR 50 million credit line from the European Bank for Reconstruction and Development (EBRD), which it intends to use to offer loans for small and medium enterprises.

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.

Romania is one of the Eastern European markets which looks the most interesting, according to Mark Mobius, the emerging market guru with Templeton Asset Management, in a recent interview published by the Time magazine. But the country comes after Russia, Turkey and Poland.

Rominserv, a company in the Rompetrol group, has signed an agreement with Portuguese Prio SGPS to build four vegetable oil tanks, with an investment estimated at USD 2.1 million, Rompetrol has announced. The tanks are part of the vegetable oil extraction plant in Lehliu.

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.

Eolica Dobrogea, which is developing wind farms in several localities in Dobrogea, including Cogealac, will ask the Cogealac city hall to organize a referendum for all inhabitants to decide on how the wind energy potential in the area will be used. The inhabitants should also decide on how the EUR 3.5 billion revenues to the local budget will be used, Eolica said in a statement earlier today.

Mining company Romaltyn Mining Baia Mare, owned by Russian Polyus Group, will invest USD 14 million in mining technologies. The company intends to re-start the gold extraction in the area, but needs to finalize investments beforehand and it hopes to be able to start the processing activity towards the beginning of next year.

Dairy producer Danone Romania saw its sales increase by over 10 percent in Romania in the first half of the year, according to Ziarul Financiar, quoting information from the company. The company has a market share of 60 percent in Romania and posted a turnover of EUR 102 million last year. Last year, its net profit went down compared to a year before, reaching around EUR 6.4 million.

Romanian media, Finance Ministry raises EUR 1.2 billion from banks, 3 times more than planned – in Ziarul Financiar, Banca Transilvania, EUR 4 million profit in Q2 – in Ziarul Financiar, A new term for Property Fund listing: January 2011 – in Ziarul Financiar, Romtelecom launches its own sports TV channel – in Ziarul Financiar, Avon sells 45m euros' worth of cosmetics in rural areas – in Ziarul Financiar, Tarom flies high again after EUR 50 million losses of 2009: 30% growth in H1 – in Ziarul Financiar

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.

Local lender BRD has opened a EUR 50 million credit line from the European Bank for Reconstruction and Development (EBRD), which it intends to use to offer loans for small and medium enterprises.

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.

Romania is one of the Eastern European markets which looks the most interesting, according to Mark Mobius, the emerging market guru with Templeton Asset Management, in a recent interview published by the Time magazine. But the country comes after Russia, Turkey and Poland.

Rominserv, a company in the Rompetrol group, has signed an agreement with Portuguese Prio SGPS to build four vegetable oil tanks, with an investment estimated at USD 2.1 million, Rompetrol has announced. The tanks are part of the vegetable oil extraction plant in Lehliu.

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.

Eolica Dobrogea, which is developing wind farms in several localities in Dobrogea, including Cogealac, will ask the Cogealac city hall to organize a referendum for all inhabitants to decide on how the wind energy potential in the area will be used. The inhabitants should also decide on how the EUR 3.5 billion revenues to the local budget will be used, Eolica said in a statement earlier today.

Mining company Romaltyn Mining Baia Mare, owned by Russian Polyus Group, will invest USD 14 million in mining technologies. The company intends to re-start the gold extraction in the area, but needs to finalize investments beforehand and it hopes to be able to start the processing activity towards the beginning of next year.