Grup Feroviar Român (GFR) has won the bid to take over Rompetrol's railway transport activities, including the 350 employees who work for Rompetrol Logistics and the company's wagons and railway engines.

Romanian unionists and employers have signed the national collective work contract which sets the minimum wage in the private sector at RON 700 (around EUR 163) and increases wages of qualified workers and foremen.

GE Money, the financial services division of General Electric will sell its participations in the leasing, consumer finance and mortgage business in Romania to Turkish Garanti. The deal will be made through the sale of the 30 percent participation in GE Garanti Bank and of similar share packages in Motoractive, Ralfi and Domenia.

Low cost airline Wizz Air has flown over 2 million passengers in and out of Romania between December 2009 and November this year, which was 33.9 percent higher than the previous year. In total, the company had 9.5 million passengers in the last 12 months.

Mio Technology, which produces GPS devices, expects to sell 2,000 such devices in Romania in December alone and reach 25,000 units sold for the entire 2010. “December is very important for the annual evolution of the local GPS market and implicitly to Mio Technology's sales. We already have positive signals from the market […].

Romania has reversed its image as an economic “mediocre student” after the government weathered no- confidence votes and protests to adhere to International Monetary Fund demands for spending and job cuts, said the IMF’s mission chief to the Balkan country, Jefrey Franks, quoted in a Bloomberg article.

Bellavista Golf Villas & Resort, owned by Italian investors, intends to build a golf course and sports center in Fantanele, Arad county in Romania, a project which is expected to be financed through European funds. The project is estimated at around EUR 15 million and the EU funding should cover 70 percent of the financing needs.

*Bankers have won the fight for OUG 50 – it will be applied only to new loan contracts – in Ziarul Financiar
*Real: We won't sell the Romanian division – in Ziarul Financiar
*Paszkany wants to turn a failed real estate investment in Cluj – Tineretului compound – into a solar panels park – in Ziarul Financiar
*Eurostat: Number of houses with Internet access tripled – in Ziarul Financiar

Retailer Real Hypermarket Romania, part of Metro group, has denied rumors about a potential sale of the Romanian subsidiary, which has been included in recent Romanian media reports. “There is no plan to sell the real,- Romania. Moreover, Metro Group trust in the development of the sales division of real,- on a promising market, with potential, and we will continue to strengthen our position on the local hypermarket segment,” said Joel Saveuse, member of the Metro AG board.

Supermarket operator Mega Image has entered the convenience stores segment in Romania by opening Shop & Go units. The first such store was opened in Bucharest, on Delea Noua St., and covers 170 sqm, featuring mostly food products. Another such store will be opened on December 17 in Pantelimon, which will bring the number of Mega Image operated stores to 72 by the end of the year.

Grup Feroviar Român (GFR) has won the bid to take over Rompetrol's railway transport activities, including the 350 employees who work for Rompetrol Logistics and the company's wagons and railway engines.

Romanian unionists and employers have signed the national collective work contract which sets the minimum wage in the private sector at RON 700 (around EUR 163) and increases wages of qualified workers and foremen.

GE Money, the financial services division of General Electric will sell its participations in the leasing, consumer finance and mortgage business in Romania to Turkish Garanti. The deal will be made through the sale of the 30 percent participation in GE Garanti Bank and of similar share packages in Motoractive, Ralfi and Domenia.

Low cost airline Wizz Air has flown over 2 million passengers in and out of Romania between December 2009 and November this year, which was 33.9 percent higher than the previous year. In total, the company had 9.5 million passengers in the last 12 months.

Mio Technology, which produces GPS devices, expects to sell 2,000 such devices in Romania in December alone and reach 25,000 units sold for the entire 2010. “December is very important for the annual evolution of the local GPS market and implicitly to Mio Technology's sales. We already have positive signals from the market […].

Romania has reversed its image as an economic “mediocre student” after the government weathered no- confidence votes and protests to adhere to International Monetary Fund demands for spending and job cuts, said the IMF’s mission chief to the Balkan country, Jefrey Franks, quoted in a Bloomberg article.

Bellavista Golf Villas & Resort, owned by Italian investors, intends to build a golf course and sports center in Fantanele, Arad county in Romania, a project which is expected to be financed through European funds. The project is estimated at around EUR 15 million and the EU funding should cover 70 percent of the financing needs.

*Bankers have won the fight for OUG 50 – it will be applied only to new loan contracts – in Ziarul Financiar
*Real: We won't sell the Romanian division – in Ziarul Financiar
*Paszkany wants to turn a failed real estate investment in Cluj – Tineretului compound – into a solar panels park – in Ziarul Financiar
*Eurostat: Number of houses with Internet access tripled – in Ziarul Financiar

Retailer Real Hypermarket Romania, part of Metro group, has denied rumors about a potential sale of the Romanian subsidiary, which has been included in recent Romanian media reports. “There is no plan to sell the real,- Romania. Moreover, Metro Group trust in the development of the sales division of real,- on a promising market, with potential, and we will continue to strengthen our position on the local hypermarket segment,” said Joel Saveuse, member of the Metro AG board.

Supermarket operator Mega Image has entered the convenience stores segment in Romania by opening Shop & Go units. The first such store was opened in Bucharest, on Delea Noua St., and covers 170 sqm, featuring mostly food products. Another such store will be opened on December 17 in Pantelimon, which will bring the number of Mega Image operated stores to 72 by the end of the year.