Hotel group Rezidor has taken over the management of the 295-apartment complex Centre Ville in Bucharest, which is owned by Bucuresti Turism. The hotel group also manages the adjoining five-star Radisson Blu hotel, owned by the same Bucuresti Turism.

Swedish MoSync, a company which produces open source development tools for mobile phone, has started recruiting local staff for its Cluj – Napoca-based development office, which is expected to reach a team of ten in the coming year. The company has advertised positions like software engineer and project manager.

The Bucharest Stock Exchange (BVB) plans to introduce Real Estate Investment Trusts (REITs) on trade on its regulated market, as a result of the development of investment funds which place money in real estate properties. The BVB is yet to announce the calendar of this project.

Investment fund Eastern Eagle, registered in the Cayman Islands, sold a 6 percent share package in stock – exchange listed Romcarbon Buzau (symbol ROCE) for EUR 772,000. The deal, sealed at RON 0.21 per share, valued the company at around EUR 12.9 million- its current market capitalization. The company posted loss in the first nine months of the year.

Romania's public debt exceeded EUR 43 billion at the end of September this year, reaching 36 percent of the country's GDP, according to data from the Ministry of Public Finances.

Companies interested in European funding may apply in the frame of different operational programs like Increase of Economic Competitiveness, Human Resources Development, National Program for Rural Development or the Regional Operational Program. See our recent articles here. We've listed some practical issues applicants should know, as well as some useful contacts for each area of interest.

*The biggest mall on the stock exchange gained EUR 8 million in a day – in Ziarul Financiar
*How are the millions of euros invested in wind mills recovered? By a 30% increase in the energy bill – in Ziarul Financiar
*Halving of provisions lead to double profit for Raiffeisen in Romania in the third quarter – in Ziarul Financiar
*Head of Rolang Berger Romania, promoted to regional level – in Ziarul Financiar

New Europe Property Investments (NEPI) fund has bought the Floreasca Business Park office complex in Bucharest at a purchase price of EUR 27.6 million, having valued the building at around EUR 100 million. This is the largest deals on the Romanian real estate market this year.

Investment fund Fondul Proprietatea will be listed on the Bucharest Stock Exchange on January 25 next year, according to investment manager Franklin Templeton. The listing prospect will be submitted on December 3 with the National Securities Commission (CNVM). The fund will be promoted locally and internationally between January 10 and 31 next year.

Romania will record an 1.5 percent growth of its Gross Domestic Product (GDP) in 2011, while this year it will shrink by 1.9 percent from 2009, shows the autumn economic forecast issued by the European Commission.

Hotel group Rezidor has taken over the management of the 295-apartment complex Centre Ville in Bucharest, which is owned by Bucuresti Turism. The hotel group also manages the adjoining five-star Radisson Blu hotel, owned by the same Bucuresti Turism.

Swedish MoSync, a company which produces open source development tools for mobile phone, has started recruiting local staff for its Cluj – Napoca-based development office, which is expected to reach a team of ten in the coming year. The company has advertised positions like software engineer and project manager.

The Bucharest Stock Exchange (BVB) plans to introduce Real Estate Investment Trusts (REITs) on trade on its regulated market, as a result of the development of investment funds which place money in real estate properties. The BVB is yet to announce the calendar of this project.

Investment fund Eastern Eagle, registered in the Cayman Islands, sold a 6 percent share package in stock – exchange listed Romcarbon Buzau (symbol ROCE) for EUR 772,000. The deal, sealed at RON 0.21 per share, valued the company at around EUR 12.9 million- its current market capitalization. The company posted loss in the first nine months of the year.

Romania's public debt exceeded EUR 43 billion at the end of September this year, reaching 36 percent of the country's GDP, according to data from the Ministry of Public Finances.

Companies interested in European funding may apply in the frame of different operational programs like Increase of Economic Competitiveness, Human Resources Development, National Program for Rural Development or the Regional Operational Program. See our recent articles here. We've listed some practical issues applicants should know, as well as some useful contacts for each area of interest.

*The biggest mall on the stock exchange gained EUR 8 million in a day – in Ziarul Financiar
*How are the millions of euros invested in wind mills recovered? By a 30% increase in the energy bill – in Ziarul Financiar
*Halving of provisions lead to double profit for Raiffeisen in Romania in the third quarter – in Ziarul Financiar
*Head of Rolang Berger Romania, promoted to regional level – in Ziarul Financiar

New Europe Property Investments (NEPI) fund has bought the Floreasca Business Park office complex in Bucharest at a purchase price of EUR 27.6 million, having valued the building at around EUR 100 million. This is the largest deals on the Romanian real estate market this year.

Investment fund Fondul Proprietatea will be listed on the Bucharest Stock Exchange on January 25 next year, according to investment manager Franklin Templeton. The listing prospect will be submitted on December 3 with the National Securities Commission (CNVM). The fund will be promoted locally and internationally between January 10 and 31 next year.

Romania will record an 1.5 percent growth of its Gross Domestic Product (GDP) in 2011, while this year it will shrink by 1.9 percent from 2009, shows the autumn economic forecast issued by the European Commission.