A five-star hotel will be opened in Sinaia mountain resort at the end of January, following an investment of EUR 2.5 million.

Romanian businessman Dinu Patriciu has withdrawn from the Corect publishing project, having sold his 60 percent share package in the project to partner Sorina Rosca Stanescu and to his wife.

Dutch group CSI will start works on a EUR 6 million factory in Cluj – Napoca which will produce transport and warehousing systems for consumer products. The CSI factory will cover 10,000 sqm and should be ready next year. The Dutch company already owns a production center in Cluj and plans to double its production capacity there, while increasing the number of employees from the current 185 to 400.

Mineral water bottling company Perla Covasnei has invested EUR 5 million in a new factory in Catalina, Covasna county, while an extra EUR 2 million have been allotted to the development of the distribution network and to its brand awareness.

Romania's national road and highway authority CNADNR expects to earn EUR 177 million, having earned EUR 157 million in the first 11 months of last year. In 2009, the company's revenue from the road tax was of around EUR 147 million.

The World Bank on Thursday approved the disbursement to Romania of a EUR3 00 million installment of its EUR 1 billion financial loan aimed to support structural reforms in key economic and social areas.

Romanian power consumption is likely to grow by around 2 percent to 54.8 TWh in 2011, aided by increase demand in industry, Stelian Gal, the head of state-run power grid operator Transelectrica (TEL.RO) told Mediafax newswire. "Electricity consumption is estimated to reach 54.8 TWh in 2011, from 53.8 TWh a year earlier, boosted by growths in industry and services," Stelian Gal said.

US group CHS Inc. has bought Agri Point, a company with operations in Romania, Bulgaria, Hungary, and Serbia. Agri Point used to be controlled by East Point Holdings Limited in Nicosia, Cyprus. The value of the deal was not disclosed.

RWE, Iberdrola and GDF Suez will withdraw from the Cernavoda nuke expansion project in Romania. Economic and market uncertainties surrounding this project, related for the most part to the present financial crisis, are not reconcilable now with the capital requirements of a new nuclear power project, according to German RWE.

Real estate investment fund New Europe Property Investment (NEPI), with real estate assets in Romania, will float on the Bucharest Stock Exchange (BSE) by the end of March, according to Dan Weiler, executive director of Corporate Finance Investment Banking with BCR. The listing will not include an initial public offering (IPO).

A five-star hotel will be opened in Sinaia mountain resort at the end of January, following an investment of EUR 2.5 million.

Romanian businessman Dinu Patriciu has withdrawn from the Corect publishing project, having sold his 60 percent share package in the project to partner Sorina Rosca Stanescu and to his wife.

Dutch group CSI will start works on a EUR 6 million factory in Cluj – Napoca which will produce transport and warehousing systems for consumer products. The CSI factory will cover 10,000 sqm and should be ready next year. The Dutch company already owns a production center in Cluj and plans to double its production capacity there, while increasing the number of employees from the current 185 to 400.

Mineral water bottling company Perla Covasnei has invested EUR 5 million in a new factory in Catalina, Covasna county, while an extra EUR 2 million have been allotted to the development of the distribution network and to its brand awareness.

Romania's national road and highway authority CNADNR expects to earn EUR 177 million, having earned EUR 157 million in the first 11 months of last year. In 2009, the company's revenue from the road tax was of around EUR 147 million.

The World Bank on Thursday approved the disbursement to Romania of a EUR3 00 million installment of its EUR 1 billion financial loan aimed to support structural reforms in key economic and social areas.

Romanian power consumption is likely to grow by around 2 percent to 54.8 TWh in 2011, aided by increase demand in industry, Stelian Gal, the head of state-run power grid operator Transelectrica (TEL.RO) told Mediafax newswire. "Electricity consumption is estimated to reach 54.8 TWh in 2011, from 53.8 TWh a year earlier, boosted by growths in industry and services," Stelian Gal said.

US group CHS Inc. has bought Agri Point, a company with operations in Romania, Bulgaria, Hungary, and Serbia. Agri Point used to be controlled by East Point Holdings Limited in Nicosia, Cyprus. The value of the deal was not disclosed.

RWE, Iberdrola and GDF Suez will withdraw from the Cernavoda nuke expansion project in Romania. Economic and market uncertainties surrounding this project, related for the most part to the present financial crisis, are not reconcilable now with the capital requirements of a new nuclear power project, according to German RWE.

Real estate investment fund New Europe Property Investment (NEPI), with real estate assets in Romania, will float on the Bucharest Stock Exchange (BSE) by the end of March, according to Dan Weiler, executive director of Corporate Finance Investment Banking with BCR. The listing will not include an initial public offering (IPO).