Wednesday headlines: retailers need to change prices overnight, food and car sales grow before VAT hike

Romanian news

Nokia achieves 1 billion-euro business in only three years – in Ziarul Financiar Food and car sales grow before the VAT increase – in Ziarul Financiar Finance Minister announces deeper recession than expected in 2010 – in Ziarul Financiar Drug imports 17 times higher than exports – in Ziarul Financiar Vigroux: Romania cannot have a big capital market over the next decade because of investor mentality – in Ziarul Financiar Dutch giant Akzo Nobel on the lookout for paint producers – in Ziarul Financiar From five-star hotels, fitness centers go towards the Romanians with average revenues – in Ziarul Financiar Tampiza, Lukoil- Romanians would rather starve than give up on driving their cars – in Gandul The long night for changing cash registries – there will be long queues for changing softwares – on Dailybusiness.ro Parliament passes wage cut bill – on Wall-street.ro

International media

Markets spooked by ECB loan fears- in the Financial Times Qatar in talks over Greek bank stake - in the Financial Times Wall St sinks on economic alarm - on Reuters In its battle with China, Google takes a step back - on Computerworld Yen Advances to Highest Since 2001 Against Euro on China, Banks- in BusinessWeek