In the news today: Govt says 'recession', banks make profits, rumor of flat tax up, new Dacia City

Romanian media The Government is using the word 'recession' for the first time. Berceanu is asking Vladescu to bring more money to the budget, not only ask for cost cuts – in Ziarul Financiar When the economy is suffering, banks make EUR 100 million profit in the first quarter – in Ziarul Financiar The Finance Ministry and the IMF take into account recession in 2010 – in Ziarul Financiar Gebruder Weiss is building logistics platforms in Sibiu and Arad – in Ziarul Financiar C&A opens three other stores and looks at street retail – in Ziarul Financiar The Government takes into account a flat tax increase from 16% to 25%, shows document revealed by Crin Antonescu – in Gandul Competition Council knocks on the head Videanu's energy conglomerates – in Adevarul Auto Bild: Dacia will launch a mini model for EUR 5,000 named City – in Dailybusiness.ro Franks, IMF: Taxes won't increase in the next couple of months - in Dailybusiness.ro Analysts: Vodafone could sell its South Eastern Europe subsidiaries, among which Romanian one – on Wall-street.ro Why is the Romanian seaside two times more expensive than the Bulgarian or Greek one – on Money.ro International media ECB extends financial lifeline to Greece - in the Financial Times Basel regulators weigh cost of reform - in the Financial Times Carmakers pump up production -in the Financial Times World Cup expected to net $1bn in income - in the Financial Times Apple shifts 1m iPads in first month - in the Financial Times S&P launches new credit scores for 26,000 companies - on Reuters Google expands venture group, wants more deals - on Reuters