Romanian state-owned hydropower generator Hidroelectrica could invest some EUR 18 million in the next years to set up wind turbines on its hydropower plants along the river Siret, company operational director Dragos Zachia said Thursday.

Atteco Club has invested EUR 1.8 million in Oxygen Club in Sun Plaza shopping center in Bucharest, which includes a bowling and pool area, a club, restaurant, terrace and playground. The owners estimate the club, which will be inaugurated on Thursday evening, October 28, will post a EUR 700,000 turnover in 2010, having run since May this year.

Orange Romania, the largest mobile operator in Romania, reported revenues of EUR 246 million in the third quarter, 9 percent lower compared to the same period of last year, according to the quarterly report of mother company France Telecom Group.

The International Monetary Fund told the Romanian Government it disagrees with increasing the minimum wage in 2011 to...

*IMF takes into account third year of economic drop for 2011 – in Ziarul Financiar
*Bancpost and Banca Romaneasca take EUR 15 mln from Avrig 35 – in Ziarul Financiar
*Praktiker had the biggest sales decline – down 25% after the VAT drop – in Ziarul Financiar
*Banks had to recover EUR 3.5 bln from clients – in Ziarul Financiar
*ProTV, USD 109 million turnover in nine months – in Ziarul Financiar

Local group UTI has sold Cobra Security company to Swedish group Securitas AB, which is represented locally by Securitas Services România, according to Mediafax newswire. UTI group is controlled by Tiberiu Urdareanu. Cobra Security was set up in 1992 and posted around EUR 13 million in turnover last year, up 10 percent on the previous year. The company hires 2,770 staff.

Local lender Banca Transilvania posted a gross profit of EUR 23.3 million, while its net profit for the first nine moths of the year stayed at EUR 16.2 million, up 44 percent on the same period of last months.

The renewable energy industry could attract investments of up to EUR 9 billion in Romania, considering the high potential on this market, according to Gabriel Sidere, managing partner with CMS Cameron McKenna Bucharest, who attended the "Green. The Future of Energy' conference in Bucharest.

Central European Media Enterprises, which owns several TV stations in Romania, posted USD 109 million in net revenues on the broadcast segment in the first nine months of the year, down USD 10.9 million on the same period of last year. The third quarter of the year meant net revenues of USD 29 million for the company in Romania, down USD 6.8 million on the third quarter of 2009.

*1:0 for Templeton in the first direct confrontation with the state: Romgaz escapes RON 400 million donation – in Ziarul Financiar
*Parliament delays debate on Ordinance 50/2010 on lack of quorum– in Ziarul Financiar
*H&M signs contracts for ten stores in four months – in Ziarul Financiar
*Romanian Central Bank has the biggest stock of gold among Eastern Europe central banks – in Ziarul Financiar
*RA-PPS evaluates its assets at EUR 2.2 mln, could sell them – in Ziarul Financiar

Romanian state-owned hydropower generator Hidroelectrica could invest some EUR 18 million in the next years to set up wind turbines on its hydropower plants along the river Siret, company operational director Dragos Zachia said Thursday.

Atteco Club has invested EUR 1.8 million in Oxygen Club in Sun Plaza shopping center in Bucharest, which includes a bowling and pool area, a club, restaurant, terrace and playground. The owners estimate the club, which will be inaugurated on Thursday evening, October 28, will post a EUR 700,000 turnover in 2010, having run since May this year.

Orange Romania, the largest mobile operator in Romania, reported revenues of EUR 246 million in the third quarter, 9 percent lower compared to the same period of last year, according to the quarterly report of mother company France Telecom Group.

The International Monetary Fund told the Romanian Government it disagrees with increasing the minimum wage in 2011 to...

*IMF takes into account third year of economic drop for 2011 – in Ziarul Financiar
*Bancpost and Banca Romaneasca take EUR 15 mln from Avrig 35 – in Ziarul Financiar
*Praktiker had the biggest sales decline – down 25% after the VAT drop – in Ziarul Financiar
*Banks had to recover EUR 3.5 bln from clients – in Ziarul Financiar
*ProTV, USD 109 million turnover in nine months – in Ziarul Financiar

Local group UTI has sold Cobra Security company to Swedish group Securitas AB, which is represented locally by Securitas Services România, according to Mediafax newswire. UTI group is controlled by Tiberiu Urdareanu. Cobra Security was set up in 1992 and posted around EUR 13 million in turnover last year, up 10 percent on the previous year. The company hires 2,770 staff.

Local lender Banca Transilvania posted a gross profit of EUR 23.3 million, while its net profit for the first nine moths of the year stayed at EUR 16.2 million, up 44 percent on the same period of last months.

The renewable energy industry could attract investments of up to EUR 9 billion in Romania, considering the high potential on this market, according to Gabriel Sidere, managing partner with CMS Cameron McKenna Bucharest, who attended the "Green. The Future of Energy' conference in Bucharest.

Central European Media Enterprises, which owns several TV stations in Romania, posted USD 109 million in net revenues on the broadcast segment in the first nine months of the year, down USD 10.9 million on the same period of last year. The third quarter of the year meant net revenues of USD 29 million for the company in Romania, down USD 6.8 million on the third quarter of 2009.

*1:0 for Templeton in the first direct confrontation with the state: Romgaz escapes RON 400 million donation – in Ziarul Financiar
*Parliament delays debate on Ordinance 50/2010 on lack of quorum– in Ziarul Financiar
*H&M signs contracts for ten stores in four months – in Ziarul Financiar
*Romanian Central Bank has the biggest stock of gold among Eastern Europe central banks – in Ziarul Financiar
*RA-PPS evaluates its assets at EUR 2.2 mln, could sell them – in Ziarul Financiar