With coal, gas, nuclear and large hydropower plants largely under state control, investors have found it hard to tap the European Union (EU) member state's energy market as successive governments have stalled reforms, privatizations and public-private partnerships, wrote newswire Reuters in a recent analysis about the Romanian wind projects market.

Romania plans to support young investors who will start a business by offering them state guarantees, as well as exemptions from social security payment and a state aid of 20 percent of the value of their projects, up to EUR 10,000. The Romanian Government has put up for public debate the ordinance project and plans to enact it later on.

Movies on screens in Bucharest during the period October 8-14 2010

Romania needs to regain the trust of foreign investors and avoid a third year of economic crisis in the country, said Mariana Gheorghe, Petrom CEO and head of the Foreign Investors Council (FIC) in Romania. The council has launched a 80-measure plan to send Romania back on the economic revival path. The council estimates such measures could allow the country grow its Gross Domestic Product (GDP) by 11.6 percent, should these measures be applied by 2015.

The recent toxic spill in Hungary, which threatens to spread along the Danube river and endanger ecosystems, has triggered worries about Romania's own sledge beds, some of which have yet to be properly taken care of after the end of industrial activities in certain areas of the country. There are 17 such toxic residues deposits in Romania, according to local newspaper Ziarul Financiar, the biggest of these sludge bed being owned by Minvest Deva, with 290 hectares in total in Hunedoara, Harghita, Alba and Cluj.

Dutch confectionery ingredients producer Zeelandia has recently opened a factory in Iasi, the first phase of a EUR 10 million larger project. The company has so far invested EUR 3 million in this project. It bought a 22,000 sqm land in Miroslava, near Iasi, in 2006. The factory covers 2,000 sqm and new production warehouses will be added, as well as an administrative building, in the later phases of the project.

Multinational companies are interested in relocating their production activity from Romania to the Republic of Moldova to take advantage of the lower workforce and operations costs, according to the Moldavian Economy Minister Valeriu Lazar.

*Romania enters world top 10 of corn producers – in Ziarul Financiar
*Renault – There is no difference between Mioveni and France – in Ziarul Financiar
*Nokia brought us to Romania, say Japanese Anritsu – in Ziarul Financiar
*The pollution wave from Hungary will reach Romania in a couple of days – in Ziarul Financiar
*Ikea pays EUR 1.8 million to Catarama after a law suit of several years – in Ziarul Financiar
*9 banks and 8 law firms want to reform the stock market – in Ziarul Financiar

More than 100 Romanian and foreign inventors present over 300 inventions at the Inventika show that takes place at Romexpo Exhibition Centre in Bucharest between October 6 and 9. The exhibition will feature Ioan Rusu's remote-controlled crib that swings with a magnetic field, the motorcycle smoke wrecker vehicle, the 100 kilometre range electric scooter, the versatile chair for those with back pains and Iustin Capra's green asphalt.

The proposal to cut the income tax from 16 to 10 percent has passed the budget commission in the Senate. The proposal to diminish the flat tax was submitted to the Senate in June this year by a group of senators from the Democratic Liberal Party (PDL), among which current Economy Minister Ion Ariton.

With coal, gas, nuclear and large hydropower plants largely under state control, investors have found it hard to tap the European Union (EU) member state's energy market as successive governments have stalled reforms, privatizations and public-private partnerships, wrote newswire Reuters in a recent analysis about the Romanian wind projects market.

Romania plans to support young investors who will start a business by offering them state guarantees, as well as exemptions from social security payment and a state aid of 20 percent of the value of their projects, up to EUR 10,000. The Romanian Government has put up for public debate the ordinance project and plans to enact it later on.

Movies on screens in Bucharest during the period October 8-14 2010

Romania needs to regain the trust of foreign investors and avoid a third year of economic crisis in the country, said Mariana Gheorghe, Petrom CEO and head of the Foreign Investors Council (FIC) in Romania. The council has launched a 80-measure plan to send Romania back on the economic revival path. The council estimates such measures could allow the country grow its Gross Domestic Product (GDP) by 11.6 percent, should these measures be applied by 2015.

The recent toxic spill in Hungary, which threatens to spread along the Danube river and endanger ecosystems, has triggered worries about Romania's own sledge beds, some of which have yet to be properly taken care of after the end of industrial activities in certain areas of the country. There are 17 such toxic residues deposits in Romania, according to local newspaper Ziarul Financiar, the biggest of these sludge bed being owned by Minvest Deva, with 290 hectares in total in Hunedoara, Harghita, Alba and Cluj.

Dutch confectionery ingredients producer Zeelandia has recently opened a factory in Iasi, the first phase of a EUR 10 million larger project. The company has so far invested EUR 3 million in this project. It bought a 22,000 sqm land in Miroslava, near Iasi, in 2006. The factory covers 2,000 sqm and new production warehouses will be added, as well as an administrative building, in the later phases of the project.

Multinational companies are interested in relocating their production activity from Romania to the Republic of Moldova to take advantage of the lower workforce and operations costs, according to the Moldavian Economy Minister Valeriu Lazar.

*Romania enters world top 10 of corn producers – in Ziarul Financiar
*Renault – There is no difference between Mioveni and France – in Ziarul Financiar
*Nokia brought us to Romania, say Japanese Anritsu – in Ziarul Financiar
*The pollution wave from Hungary will reach Romania in a couple of days – in Ziarul Financiar
*Ikea pays EUR 1.8 million to Catarama after a law suit of several years – in Ziarul Financiar
*9 banks and 8 law firms want to reform the stock market – in Ziarul Financiar

More than 100 Romanian and foreign inventors present over 300 inventions at the Inventika show that takes place at Romexpo Exhibition Centre in Bucharest between October 6 and 9. The exhibition will feature Ioan Rusu's remote-controlled crib that swings with a magnetic field, the motorcycle smoke wrecker vehicle, the 100 kilometre range electric scooter, the versatile chair for those with back pains and Iustin Capra's green asphalt.

The proposal to cut the income tax from 16 to 10 percent has passed the budget commission in the Senate. The proposal to diminish the flat tax was submitted to the Senate in June this year by a group of senators from the Democratic Liberal Party (PDL), among which current Economy Minister Ion Ariton.