Thursday headlines: Meinl buys back Kandia, Standard Snacks insolvent, Videanu says flat tax 10%

Romanian media

Meinl, Austrian coffee baron buys back Kandia at five times lower price – in Ziarul Financiar Foreign banks have maintained their exposure to Romania – in Ziarul Financiar Alexander Hergan steps down as Avrig 35 chief executive – in Ziarul Financiar Romanians bet 150m euros on football games and tennis tournaments – in Ziarul Financiar Finance Ministry goes back on decision to tax interests calculated before July 1 – in Ziarul Financiar Videau – We're analyzing the flat tax drop to 10 percent – in Gandul Standard Snacks enters insolvency – in Adevarul CallPoint New Europe expects a turnover of EUR 7 million for 2010 – in Dailybusiness.ro Scenario 2011- Taxed pensions and a new agreement with the IMF – on Wall-street.ro Adrian Sarbu unifies media companies under one umbrella, Mediafax – on Wall-street.ro

International media

IMF warns on global recovery - in the Financial Times Romania awards 20 oil exploration licenses - on Reuters Kraft to sell Cadbury's Romanian confectionery business - on Reuters ECB chides Romania on bankers’ pay cut - in the Financial Times Europe presents main threat to global recovery, IMF says - in the Washington Post Wells Fargo Cuts 3800 Jobs, Closes Consumer-Finance Business- in BusinessWeek