Friday headlines: Pepsi and Coca-Cola sales drop, Actavis bets on exports, GED opens beauty clinic

Romanian media State cuts expenses on salaries and pensions. The revival ball is in the private companies' court – in Ziarul Financiar Interests go up for lei and euro. You will pay more on your loans – in Ziarul Financiar Cristescu brothers transfer EUR 150 mln in the Stock Exchange: In an year we will require financing – in Ziarul Financiar Pepsi and Coca – Cola giants saw their businesses dropping for the first time in 2009 – in Ziarul Financiar Exports keep Actavis' turnover at EUR 107 million – in Ziarul Financiar GED opens franchised beauty clinic – in Ziarul Financiar Tender sells bonds on the Stock Exchange and looks for European financing for Vulcan – in Ziarul Financiar Gazprom – on June 16 we meet Videanu to talk about South Stream – in Ziarul Financiar Consumer Protection fears the bankers' lobby in the Parliament – in Gandul Luxury market goes down 25 percent – in Adevarul One can save an installment a year if one refinances loan now – in Evenimentul Zilei Transelectrica: Energy consumption is up 4.5 percent – on Dailybusiness.ro Crisis cuts luxury apartment rents by 70 percent – on Wall-street.ro International media Reform of rating agencies poses dilemma - in the Financial Times Gazprom resists contract renegotiation - in the Financial Times Stocks jump on upbeat euro, energy rebound - on Reuters Analysis: Euro rescue plan averts disaster but fears persist - on Reuters Smart grid startups on M&A radar - on Reuters Americans rebuilding wealth, slowly and unevenly- the Associated Press