The European Bank for Reconstruction and development (EBRD) has signed investments worth EUR 200 million for Piraeus Group's subsidiaries in Bulgaria, Romania and Albania as part of a package approved in July 2010. The aim of the financing is to provide medium and long-term debt financing through Piraeus Group subsidiaries in support of SMEs and corporate organizations for investment and working capital needs.

Romania will introduce single tax forms to include income statements and social security contribution statements starting next year, Prime Minister Emil Boc’s adviser Dan Lazar said Thursday.

Romanian president Traian Basescu (in picture) said the country must look for another Prime Minister and install a new Government, if the parties making up the current ruling coalition fail to achieve the program agreed with the international financial institutions, he told the public radio station.

Romania's Central Bank (BNR) has revised upward its forecast on the 2011 annual inflation to 3.4 percent from a previous 3.1 percent, Romanian Central Bank governor Mugur Isarescu said Thursday.

Romanian telecom operator Romtelecom, owned by Greek OTE Group, posted an operating loss of EUR 13.9 million in the third quarter of 2010 and its revenues dropped by 6.5 percent, to EUR 181.5 million, because of austerity measures and rising unemployment.

Romanian artist Berti Barbera and Nicu Patoi will perform in Fourteen Bar tonight, November 4 (14 Benjamin Frankin St. MAP ) from 21,00 hours. Entry tickets for the event cost RON 25

Romania ranks 56th in the World Bank top of countries to do business in, down two positions from last year, according to the most recent Doing Business Report. Romania was outranked by countries like Botswana, Tunisia, Azerbaijan, Bulgaria, the Kyrgyz Republic.

A group of Romanian investors is planning the first lake dwelling resort in Romania, in Berzasca, Caras Severin county, South West of Romania, local media has reported. The resort will include, among others 30 bungalows, two pools and restaurants on the Danube. The project, worth EUR 1.6 million, will be half financed by European funds.

A delegation of the European Parliament's Regional Development Commission is visiting Romania from November 3 until November 5 for an on-site assessment of the use of structural funds. The delegation will also visit project sites in Giurgiu, Arad and Timisoara.

*The first bankrupt mall in Bucharest, City Mall, is up for sale – in Ziarul Financiar
*aggressive expansion when everybody fears, the strategy for German Drogerie Markt – in Ziarul Financiar
*State could cash in EUR 90 mln for minority stakes in E.ON Moldova – in Ziarul Financiar
*Room to grow on the pharma market: Teva doubles turnover – in Ziarul Financiar
*Bad news from Central Bank – inflation will exceed 8% – in Ziarul Financiar

The European Bank for Reconstruction and development (EBRD) has signed investments worth EUR 200 million for Piraeus Group's subsidiaries in Bulgaria, Romania and Albania as part of a package approved in July 2010. The aim of the financing is to provide medium and long-term debt financing through Piraeus Group subsidiaries in support of SMEs and corporate organizations for investment and working capital needs.

Romania will introduce single tax forms to include income statements and social security contribution statements starting next year, Prime Minister Emil Boc’s adviser Dan Lazar said Thursday.

Romanian president Traian Basescu (in picture) said the country must look for another Prime Minister and install a new Government, if the parties making up the current ruling coalition fail to achieve the program agreed with the international financial institutions, he told the public radio station.

Romania's Central Bank (BNR) has revised upward its forecast on the 2011 annual inflation to 3.4 percent from a previous 3.1 percent, Romanian Central Bank governor Mugur Isarescu said Thursday.

Romanian telecom operator Romtelecom, owned by Greek OTE Group, posted an operating loss of EUR 13.9 million in the third quarter of 2010 and its revenues dropped by 6.5 percent, to EUR 181.5 million, because of austerity measures and rising unemployment.

Romanian artist Berti Barbera and Nicu Patoi will perform in Fourteen Bar tonight, November 4 (14 Benjamin Frankin St. MAP ) from 21,00 hours. Entry tickets for the event cost RON 25

Romania ranks 56th in the World Bank top of countries to do business in, down two positions from last year, according to the most recent Doing Business Report. Romania was outranked by countries like Botswana, Tunisia, Azerbaijan, Bulgaria, the Kyrgyz Republic.

A group of Romanian investors is planning the first lake dwelling resort in Romania, in Berzasca, Caras Severin county, South West of Romania, local media has reported. The resort will include, among others 30 bungalows, two pools and restaurants on the Danube. The project, worth EUR 1.6 million, will be half financed by European funds.

A delegation of the European Parliament's Regional Development Commission is visiting Romania from November 3 until November 5 for an on-site assessment of the use of structural funds. The delegation will also visit project sites in Giurgiu, Arad and Timisoara.

*The first bankrupt mall in Bucharest, City Mall, is up for sale – in Ziarul Financiar
*aggressive expansion when everybody fears, the strategy for German Drogerie Markt – in Ziarul Financiar
*State could cash in EUR 90 mln for minority stakes in E.ON Moldova – in Ziarul Financiar
*Room to grow on the pharma market: Teva doubles turnover – in Ziarul Financiar
*Bad news from Central Bank – inflation will exceed 8% – in Ziarul Financiar