Romania’s trade deficit narrowed to EUR 9.46 billion in 2010, from EUR 9.86 billion a year earlier, the country’s statistics institute INS said Wednesday. Exports rose 28.1 percent on the year to EUR 37.2 billion in 2010, while imports were up 19.9 percent to EUR 46.7 billion.

French businessman Alexis Bonte, who has previously invested in videosharing website Trilulilu and in online strategy game eRepublik, has recently invested in the recruitment website Tjobs.ro. Bonte, along with Fundatia Post Privatizare and Andreas Cser, an angel investor based in London, have provided EUR 0.5 million for the development of the recruitment website.

Romania’s final electricity consumption in 2010 went up 3.8 percent compared to 2009, to 50.5 TWh), according to figures provided by the National Statistics Institute (INS). Electricity exports increased last year to 83.7 million kWh, by 2.8 percent.

The creation of two vertically integrated energy companies in Romania – the planned Electra and Hidroenergetica - would significantly impede competition, crowd out private investment and raise prices, contrary to government claims, according to a recent research study by Candole Partners, which also lists several alternative recommendations.

The tenth annual edition of the Transylvania International Film Festival (TIFF) will be held this year between June 3 and 12, in Cluj-Napoca, northwestern Romania, according to the festival’s official website. As in the previous years, a selection of films in the festival will be screened later in Sibiu, central Romania, between June 15 and 19.

European private equity firm Axa Private Equity has sold its shares in Gealan Beteiligungs GmbH to German investment fund Halder, which used to own the majority share package in the firm between 2002 and 2004.

Romanian cosmetics producer Farmec Cluj-Napoca, which posted a turnover of EUR 22.8 million last year, up 10 percent on the previous year, hopes this year's business growth will reach 5 percent. One of the channels of growth will come from the international expansion, which has already been started last year, when the company entered the Hungarian market, according to Mircea Turdean, general manager of Farmec Cluj – Napoca.

The International Monetary Fund will submit the new precautionary deal for Romania for approval in its board meeting at the end of March, when it will also talk about the seventh review of the current stand-by agreement with the country, according to Jeffrey Franks, head of the IMF delegation to Romania.

Romanian law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has taken over law firm Cionca Bidiga Godinca, the legal division of Casa de Insolventa Transilvania SPRL and has thus opened an office in Cluj Napoca, the firm has announced.

Market analysis company Cegedim Romania has taken over the pharma software company Pharmec Healthcare Software, from the Pluriva group, controlled by Romanian investors the Tudorache family.

Romania’s trade deficit narrowed to EUR 9.46 billion in 2010, from EUR 9.86 billion a year earlier, the country’s statistics institute INS said Wednesday. Exports rose 28.1 percent on the year to EUR 37.2 billion in 2010, while imports were up 19.9 percent to EUR 46.7 billion.

French businessman Alexis Bonte, who has previously invested in videosharing website Trilulilu and in online strategy game eRepublik, has recently invested in the recruitment website Tjobs.ro. Bonte, along with Fundatia Post Privatizare and Andreas Cser, an angel investor based in London, have provided EUR 0.5 million for the development of the recruitment website.

Romania’s final electricity consumption in 2010 went up 3.8 percent compared to 2009, to 50.5 TWh), according to figures provided by the National Statistics Institute (INS). Electricity exports increased last year to 83.7 million kWh, by 2.8 percent.

The creation of two vertically integrated energy companies in Romania – the planned Electra and Hidroenergetica - would significantly impede competition, crowd out private investment and raise prices, contrary to government claims, according to a recent research study by Candole Partners, which also lists several alternative recommendations.

The tenth annual edition of the Transylvania International Film Festival (TIFF) will be held this year between June 3 and 12, in Cluj-Napoca, northwestern Romania, according to the festival’s official website. As in the previous years, a selection of films in the festival will be screened later in Sibiu, central Romania, between June 15 and 19.

European private equity firm Axa Private Equity has sold its shares in Gealan Beteiligungs GmbH to German investment fund Halder, which used to own the majority share package in the firm between 2002 and 2004.

Romanian cosmetics producer Farmec Cluj-Napoca, which posted a turnover of EUR 22.8 million last year, up 10 percent on the previous year, hopes this year's business growth will reach 5 percent. One of the channels of growth will come from the international expansion, which has already been started last year, when the company entered the Hungarian market, according to Mircea Turdean, general manager of Farmec Cluj – Napoca.

The International Monetary Fund will submit the new precautionary deal for Romania for approval in its board meeting at the end of March, when it will also talk about the seventh review of the current stand-by agreement with the country, according to Jeffrey Franks, head of the IMF delegation to Romania.

Romanian law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has taken over law firm Cionca Bidiga Godinca, the legal division of Casa de Insolventa Transilvania SPRL and has thus opened an office in Cluj Napoca, the firm has announced.

Market analysis company Cegedim Romania has taken over the pharma software company Pharmec Healthcare Software, from the Pluriva group, controlled by Romanian investors the Tudorache family.