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A group of Belgian investors will set up a large golf course near the town of Pecica, in the county of Arad.

The volume of non-performing loans in the banking system will only begin to decrease at the end of 2010, and things will improve starting in 2011, said Dominic Bruynseels, Chief Executive of Banca Comercială Română (BCR).

The Indian unit of Coca-Cola Co (KO.N) has been asked to pay $47 million compensation for causing environmental damage at its bottling plant in the southern Indian state of Kerala.

The countries of the European Union must tackle the issue of durable recovery collectively, Nicolae Idu, head of the European Commission Office in Bucharest said yesterday, during a roundtable, referring to the Europe 2020 Strategy, a recent...

Yesterday in the forex market, the Euro depreciated to the lowest level in the last three weeks against the dollar, amid speculation that the leaders of the European Union, will fail to reach an agreement on the aid for Greece.

The government is selling the minority stakes it has in the agricultural sector in order to consolidate its budget revenues.

The Ministry of the Economy and Carpatcement Holding have signed the financing agreement for a project worth 16,572,100 lei, intended to increase the output and the turnover of the cement maker.

Equipment maker Comelf Bistriţa (CMF) will invest up to 2.8 million Euros in order to expand and modernize its production facilities, according to Mediafax.

Starting this year, dividends paid out by issuers listed on the stock exchange will be distributed to shareholders through the Central Depository, according to a press release by the institution.

The thousands of small shareholders of Antibiotice Iaşi, listed on the Bucharest Stock Exchange, are waiting to see what the government decides on the issue of the Romanian Pharmaceutical Company, which would be a strategic national company.

According to a press release by the institution, in 2009 "Intesa Sanpaolo" Bank posted a net profit, as well as increased its loan portfolio by 27%.

"Lloyds Banking Group" Plc, the largest mortgage lender in the UK, expects to become profitable again this year, based on the solid results obtained in the first ten weeks of 2010.

Rents for office spaces have begun a speedy drop all over the country (20.1% to 45% last year). Rent in Braşov dropped 31%, according to the website imobiliare.ro, from EUR 9.27/sqm to EUR 6.40 /sqm, which makes it the town with the lowest rent...

Oltchim Râmnicu-Vâlcea estimates the repairs needed to allow Arpechim to resume operation in April will cost EUR 15 million.

Uniqa, an insurance company owned by the eponymous Austrian company, reported a 4% drop in subscribed premiums for 2009, to 486.64 million lei, whereas claims increased 4.8%, to 409.51 million lei, according to preliminary data published by the...

Last week, the revenue and expense budgets of several of the divisions of the Romanian Railways Company were published in the Official Gazette.

"Coca-Cola" Co., the world"s largest soft drink maker, wants to buy Russian beverage maker "Nidan Juices", to expand its portfolio in the country.

Romanian car manufacturer "Dacia", yesterday officially launched he new model of the company- the SUV dubbed "Duster" - in the presence of the multiple French Formula 1 champion, Alain Prost, who said that "the new Duster...

In their rush for European funding, an increasing number of local administrations resort to unusual methods to come up with the money needed for co-financing projects based on European funding.

The Romanian National Bank yesterday posted the lowest Leu-Euro exchange rate since January 2009, with the European currency dropping to 4.0801 lei.

Almost 4,200 insolvency cases were opened in the first two months of 2009, up from 2,800 in the similar period of 2009, said Arin Stănescu, the chairman of the National Union of Insolvency Practitioners (UNPIR), at the international conference...

Chinese company "Henan Zhongfu Industrial" Co. Ltd., a subsidiary of Dutch group "Vimetco" NV - owner of "Alro" Slatina, will enter a joint venture with "Chalco Henan Aluminium Fabrication" Co. Ltd., part of the...

Romania"s banking system, faithfully mimics the economy and its major players, says Nicolaie Hoanţă, who has now gone back to his career as a university teacher, after leaving his position as chairman of Banca Comercială Carpatica.

Interview with Head of Economic and Commercial Office Embassy of Italy in Bucharest, Mr. Carmelo Barbera

"Deutsche Bank" AG, Germany"s largest bank, has posted a net profit of EUR 4.95 billion last year, after posting a loss of 3.9 billion Euros in 2008, thanks to the performance of the corporate and investment banking division.

The receiver of KD Life Asigurări, appointed by the Insurance Surveillance Commission, will focus on helping the company recover by raising funds for a share capital increase from its main shareholders, or from another shareholder that is...

The board of administration of Braşov-based drug distributor "Ropharma" has summoned the General Shareholders" meeting in Iaşi, on April 15th.

Teachers have begun protests, unhappy with the fact that unions were not consulted on the new law of education, according to Agerpres.

Dozens of minority interests of the Ministry of the Economy and a few hundreds of AVAS holdings will enter the portfolio of the future National Investment Fund (FIN), one of the anti-crisis measures proposed by the current government.

This year"s economic growth could be 1.3%, provided there are no turbulences on the international markets, Finance Minister Sebastian Vlădescu said yesterday.

Israeli developer Aura Investments sold 37% of its stake in the joint venture with GTC to the latter, in exchange for the cancellation of a debt of EUR 13.6 million, according to a statement Aura sent to the Tel Aviv Stock Exchange, quoted by...

Italian company Immobiliare Grande Distribuzione (IGD), owner of retail chain Winmarkt saw the value of its Romanian real estate assets drop 6.2% YOY in 2009, to EUR 187.6 million.

This seems to be the price that the Romanian government would need to pay now in order to make sure its gets back the 570 million Euros in debt that it is owed by the former Petromidia refinery.

For the first time, a Romanian court decided that an owner whose assets were seized by the Communist regime needs to be compensated using cash instead of shares of the Proprietatea Fund.

Romania needs to adapt to living within its means, says Tony Lybek, the representative of the IMF for Romania and Bulgaria, in an interview for BURSA.

The financial troubles of the SC Rapid SA have determined owner George Copos to take defensive measures aimed at protecting the soccer if the company which owns it were to enter liquidation.

Prime Minister Emil Boc recently asked for the speed-up of the creation of the National Investment Fund (FIN), the minister of the Economy, Adriean Videanu said yesterday during a conference.

The European Bank for Reconstruction and Development (EBRD) recently said in a report, that the "stimuli" included in the EUR 13 billion stimulus package announced by the Romanian government in February 2009 as a means of supporting the...

Romania successfully borrowed one billion Euros through its 5-year Eurobonds issue, which offers a coupon of 5% and a total yield of 5.17% per annum, even though at this yield, demand from foreign investors reached EUR 4.9 billion.

The mass-media crisis creates hilarious situations, like the thing that happened yesterday with "Ziarul Financiar", which dedicated an entire page to the subject of bankruptcy, while at the same time, Daily Business published the news...