Romania's external debt has reached EUR 90 billion, out of which the Romanian state has to pay EUR 18.5 billion, the Romanian Central Bank (BNR)- other EUR 9 billion, while EUR 17 billion stem from the population, according to BNR data.

The Romanian Government plans to sell its 46 percent stake in telecom operator Romtelecom and Greek OTE, the main shareholder in the telecom company, has been invited to submit an offer for the remaining share package. Another option for the sale would be listing the state's share package on the stock exchange.

*15% increase in salaries for state employees will cost state EUR 1.4 billion – in Ziarul Financiar
*Atenor Group builds office building in Pipera with its own funds – in Ziarul Financiar
*The high prices of gold puts pressure on jewelry trade – in Ziarul Financiar
*Developers finalized 3,000 new apartments in Titan, the Bucharest neighbourhoods with the biggest investments in residential – in Ziarul Financiar

Romania's Finance Ministry on Thursday sold three-year foreign currency bonds worth EUR 1.3 billion, above the planned amount, at an average yield of 4.8 percent a year.

Romania has no reason to halt its external payments, said Mugur Isarescu (in picture), the Romanian Central Bank Governor, in response to the recent statement by International Monetary Fund head Dominique Strauss-Kahn. The IMF official recently said Romania, along with other countries, could face insolvency.

The average unemployment aid in Romania next year will be 10 percent lower than this year, down to EUR 111 from the current EUR 122, while unemployment aid for young graduates will be kept at EUR 70.

Romanian lender Banca Transilvania has postponed its plan to sell shares on the Vienna Stock Exchange until next year because of legal problems with shareholder SIF Banat- Crisana, Chief Executive Officer Robert C. Rekkers said, quoted by Bloomberg

Dominique Strauss-Kahn (in picture), the head of the International Monetary Fund, has recently said in a TV interview that Romania and several other European states are on the brink of disaster, but that he didn't believe in bankruptcy. He mentioned Greece, Ireland, Latvia, Hungary and Romania.

*The Government approved unitary salary law: 15% increase of the base salary every year – in Ziarul Financiar
*IMF and Fiscal Council criticize the income tax drop from 16 to 10% – in Ziarul Financiar
*Ovidiu Buluc, HelpNet: Four out of ten pharmacies are making losses – in Ziarul Financiar
*Alpha made EUR 10 million gross profit in the third quarter, up 23% – in Ziarul Financiar

Jeffrey Franks (in picture, right), the head of the International Monetary Fund (IMF) mission to Romania, has asked for the recently voted flat tax drop to 10 percent not be enforced in Romania, as it is raising several concerns and as it had not bee discussed with the new Fiscal Council.

Romania's external debt has reached EUR 90 billion, out of which the Romanian state has to pay EUR 18.5 billion, the Romanian Central Bank (BNR)- other EUR 9 billion, while EUR 17 billion stem from the population, according to BNR data.

The Romanian Government plans to sell its 46 percent stake in telecom operator Romtelecom and Greek OTE, the main shareholder in the telecom company, has been invited to submit an offer for the remaining share package. Another option for the sale would be listing the state's share package on the stock exchange.

*15% increase in salaries for state employees will cost state EUR 1.4 billion – in Ziarul Financiar
*Atenor Group builds office building in Pipera with its own funds – in Ziarul Financiar
*The high prices of gold puts pressure on jewelry trade – in Ziarul Financiar
*Developers finalized 3,000 new apartments in Titan, the Bucharest neighbourhoods with the biggest investments in residential – in Ziarul Financiar

Romania's Finance Ministry on Thursday sold three-year foreign currency bonds worth EUR 1.3 billion, above the planned amount, at an average yield of 4.8 percent a year.

Romania has no reason to halt its external payments, said Mugur Isarescu (in picture), the Romanian Central Bank Governor, in response to the recent statement by International Monetary Fund head Dominique Strauss-Kahn. The IMF official recently said Romania, along with other countries, could face insolvency.

The average unemployment aid in Romania next year will be 10 percent lower than this year, down to EUR 111 from the current EUR 122, while unemployment aid for young graduates will be kept at EUR 70.

Romanian lender Banca Transilvania has postponed its plan to sell shares on the Vienna Stock Exchange until next year because of legal problems with shareholder SIF Banat- Crisana, Chief Executive Officer Robert C. Rekkers said, quoted by Bloomberg

Dominique Strauss-Kahn (in picture), the head of the International Monetary Fund, has recently said in a TV interview that Romania and several other European states are on the brink of disaster, but that he didn't believe in bankruptcy. He mentioned Greece, Ireland, Latvia, Hungary and Romania.

*The Government approved unitary salary law: 15% increase of the base salary every year – in Ziarul Financiar
*IMF and Fiscal Council criticize the income tax drop from 16 to 10% – in Ziarul Financiar
*Ovidiu Buluc, HelpNet: Four out of ten pharmacies are making losses – in Ziarul Financiar
*Alpha made EUR 10 million gross profit in the third quarter, up 23% – in Ziarul Financiar

Jeffrey Franks (in picture, right), the head of the International Monetary Fund (IMF) mission to Romania, has asked for the recently voted flat tax drop to 10 percent not be enforced in Romania, as it is raising several concerns and as it had not bee discussed with the new Fiscal Council.