Wednesday headlines: highest inflation in the EU, EUR 5 bln of state debt, local car market down two places

Romanian media

State debt jumps to EUR 5 billion in an year, while banks' debt down by EUR 1 billion – in Ziarul Financiar Alro makes the profit planned for the entire year in the third quarter – in Ziarul Financiar More expensive drugs ups profits for Antibiotice and Zentiva – in Ziarul Financiar Orange offers access to news websites for EUR 2 a month – in Ziarul Financiar Proposal to suspend lending at Volksbank Cluj – in Ziarul Financiar Population and firms invest more abroad in 2010 – in Gandul Senate budget commission rejects letter of intention with IMF – in Gandul Romania has the highest inflation in the EU, 7.9% – in Gandul Romanians from Televoice launches an electronic card reader for EUR 150 – in Gandul Romania's energy strategy for 2010-2015, to be drafter in 2011 – in Adevarul Banks can't increase loan commissions unilaterally, Chamber of Deputies commission decides – in Adevarul Nicolae Tonitza's biggest painting up for sale- on Dailybusiness.ro Smartree Romania gets new CEO, former Merrill Lynch Romanian employee - on Dailybusiness.ro NNDKP recruits director from Finances for its fiscal consultancy division – on Wall-street.ro Romanian car market down three places in EU, to 17th spot – on Wall-street.ro EUR 360 million investment in a hydro power plant on Olt river, blocked by two rare species of birds – on Wall-street.ro Romanians create the best application for iPhone, users say – on Capital.ro No more hard copy work cards, to be replaced with electronic versions from 2011 – on Capital.ro

International media

Anger at Germany boils over- in FT [China and Europe rattle markets- in FT](China and Europe rattle markets) Vallar deal plays to Rothschild family’s strengths- in FT UK stroke victim receives stem cell treatment- in FT EU Works on Aid for Irish Banks, Spurns Immediate Package- on Bloomberg Paul Calello, Credit Suisse Investment Bank Head, Dies at 49- on Bloomberg