Faced with the current international financial crisis, most companies have given up on their human resources development programs. But the alternative of using European Union funding could allow companies to train their staff or develop HR programs, as Romania has access to a large amount of European funding dedicated to human resources. Romania-Insider.com looks at funds for HR and at the companies that got them.

Vega Company has bought the tourist complex Faleza near the Danube quay in Galati city for EUR 2.6 million, the Tourism Ministry has announced. Five bidders attended the bid for the 3,500 sqm hotel complex on the Galati Danube quay. The starting price was of EUR 1.1 million

Multinational company CA Technologies has opened a representative office in Bucharest, according to Madalin Bratu, channel account manager for Romania with CA Technologies, quoted by Agerpres newswire.

Swedish band Roxette will perform in Romania for the first time on May 30 next year, at Zone Arena, according to Emagic, which organizes the concert. Roxette fans from Romania and the CEE region will be able to listen to Per Gessle and Marie Fredriksson in a concert which is included in the band's world tour scheduled for 2011.

The Romanian Transport Ministry has proposed seven projects, worth almost EUR 440 million, to improve ship transport on the Danube. Funding for these projects, which are part of the Danube Strategy, should come from European Union operational programs.

Wilfried Lebas, who has been running the Romanian subsidiary of French Lactalis, the LaDorna company, has left his position and will be replaced by Romanian Dorel Radu, according to Romania media quoting the Official Gazette.

Romania’s trade deficit narrowed to EUR6.9 billion in January to September, from EUR 7.1 billion in the year-earlier period, as exports rose more rapidly than imports, according to the country’s statistics institute INS. Exports rose 26.5 percent on the year to EUR 26.8 billion, while imports were up 18.9 percent to EUR 33.7 billion.

Intercapital Invest brokerage company launched the Initial Public Offering (IPO) for the closed-end investment fund iFond Gold, which will invest in shares of mining companies listed on foreign stock markets. The fund aims to invest 40 percent of its resources in Gabriel Resources shares, which runs the Rosia Montana gold mining project, as well as in European Goldfields, which runs the Certej gold mining project in Apuseni mountains in Romania.

Vienna Insurance Group (VIG) posted subscribed premiums of EUR 396.6 million in the first nine months of the year, down 13 percent on the same period last year. However, the insurer managed to grow its pre-tax profit by 56 percent, to EUR 25.9 million.

Telecom company Vodafone Romania posted EUR 425.7 million in revenues between April and September this year, down 12.4 percent on the same period last month. Its profit before taxes (EBITDA) was of EUR 177.1 million, covering around 41 percent of the revenues.

Faced with the current international financial crisis, most companies have given up on their human resources development programs. But the alternative of using European Union funding could allow companies to train their staff or develop HR programs, as Romania has access to a large amount of European funding dedicated to human resources. Romania-Insider.com looks at funds for HR and at the companies that got them.

Vega Company has bought the tourist complex Faleza near the Danube quay in Galati city for EUR 2.6 million, the Tourism Ministry has announced. Five bidders attended the bid for the 3,500 sqm hotel complex on the Galati Danube quay. The starting price was of EUR 1.1 million

Multinational company CA Technologies has opened a representative office in Bucharest, according to Madalin Bratu, channel account manager for Romania with CA Technologies, quoted by Agerpres newswire.

Swedish band Roxette will perform in Romania for the first time on May 30 next year, at Zone Arena, according to Emagic, which organizes the concert. Roxette fans from Romania and the CEE region will be able to listen to Per Gessle and Marie Fredriksson in a concert which is included in the band's world tour scheduled for 2011.

The Romanian Transport Ministry has proposed seven projects, worth almost EUR 440 million, to improve ship transport on the Danube. Funding for these projects, which are part of the Danube Strategy, should come from European Union operational programs.

Wilfried Lebas, who has been running the Romanian subsidiary of French Lactalis, the LaDorna company, has left his position and will be replaced by Romanian Dorel Radu, according to Romania media quoting the Official Gazette.

Romania’s trade deficit narrowed to EUR6.9 billion in January to September, from EUR 7.1 billion in the year-earlier period, as exports rose more rapidly than imports, according to the country’s statistics institute INS. Exports rose 26.5 percent on the year to EUR 26.8 billion, while imports were up 18.9 percent to EUR 33.7 billion.

Intercapital Invest brokerage company launched the Initial Public Offering (IPO) for the closed-end investment fund iFond Gold, which will invest in shares of mining companies listed on foreign stock markets. The fund aims to invest 40 percent of its resources in Gabriel Resources shares, which runs the Rosia Montana gold mining project, as well as in European Goldfields, which runs the Certej gold mining project in Apuseni mountains in Romania.

Vienna Insurance Group (VIG) posted subscribed premiums of EUR 396.6 million in the first nine months of the year, down 13 percent on the same period last year. However, the insurer managed to grow its pre-tax profit by 56 percent, to EUR 25.9 million.

Telecom company Vodafone Romania posted EUR 425.7 million in revenues between April and September this year, down 12.4 percent on the same period last month. Its profit before taxes (EBITDA) was of EUR 177.1 million, covering around 41 percent of the revenues.