Wednesday headlines: 3% economic drop, food prices up 8% due to floods, first local passive house

Romanian media

Morgan Stanley needs 10 years to exit Romcab - in Ziarul Financiar Economic prospects worsen again: 3% decline in 2010 - in Ziarul Financiar Dragne leaves Muşat law firm and takes several lawyers with him - in Ziarul Financiar Year of tragedies: Romania struggles to keep afloat after six months of frost and floods - in Ziarul Financiar Over 200 million euros worth of wind energy projects set to become operational - in Ziarul Financiar Romania to lose 500 million euros from EU unless HR funds are redirected to private sector - in Ziarul Financiar EUR 17 million for Romanian-Serbian projects – in Gandul Floods increase food prices by 8 percent – in Adevarul One out of five contracts for a new house has been canceled – on Capital.ro Videanu: In 2-3 months we'll finalize the sale agreement for Electrica shares – on Dailybusiness.ro The first passive house in Romania consumes as much as a light bulb – on Wall-street.ro

International media

RBS to offload £3bn of property loans - in the Financial Times Revival plan for luxury Regent hotels - in the Financial Times China's AgBank prices IPO to be world's largest- on Reuters Microsoft plans small job cuts: report- on Reuters Oil Trades Near $72 on Forecast Supply Drop, Europe Optimism - in BusinessWeek Yen Rises From Near 2-Week Low Versus Euro on Recovery Concern - in BusinessWeek