Construction materials producer Somaco Grup Prefabricate sold 37 percent more aerated concrete blocks (BCA) products in the first nine months of the year compared to the same period of last year, the company has announced. Somaco plans to reach a sales increase of 10 percent throughout the entire year and estimates it will increase its turnover by up to 18 percent this year on last year.

Watercooler company La Fantana has bought the water purification importer and distributor Rokor Ecostyle, the company has announced. The enterprise value of the bought company was of EUR 4.35 million. The seller was Romanian investor Serban Andrei. Rokor Ecostyle will keep its brand and operate under La Fantana umbrella. The buyer says it will hold an 80 percent market share on the water purification market.

*Five bankers cashed in over EUR 1 million in 2009 for their 2008 results – in Ziarul Financiar
*Alcatel Lucent continues to hire software producers and engineers – in Ziarul Financiar
*Horvath & Partners: Romania ranks third in region in terms of investment potential – in Ziarul Financiar
*Gregory's changes director and strategy – continues with franchises – in Ziarul Financiar
*Romania, the sixth largest beneficiary of EU funds with EUR 1.7 bln. The absorption capacity by mid-year – 10.1% – in Ziarul Financiar

The new Bucharest Obor Market will be opened at the beginning of October, when the two-floorey building which was developed on the site will be finalized. The project, a partnership between the Bucharest Sector 2 city hall and a group of local developers, will feature traditional grocery sales areas, hosting some of the individuals producers which used to sell fruits and vegetables in the old Obor Market.

Around 40 percent of private companies in Romania estimate an average 6.8 percent raise in salaries in 2011, compared with an average 4.3 percent salary raise in 2010, according to a PayWell Romania survey on salary and benefits, conducted by PricewaterhouseCoopers (PwC).

Local firm Shopping Center Holding, which has taken over the formerly known Tiago Mall Oradea in a deal estimated at EUR 30.5 million, will build the 30,000 sqm Oradea Shopping City on the premises, the firm has announced.

Polish consultancy firm Accreo, which specializes in obtaining European funds, state aid and in business consultancy, is working on EUR 50 million of projects through its recently – opened Romanian subsidiary, the company has announced.

*Bankers try to change the Government Ordinance 50 to avoid lawsuits with unhappy customers – in Ziarul Financiar
*Richest 500 Romanians have a wealth of EUR 28 billion Dinu Patriciu, Frank Timis and Ioan Niculae on the podium – in Ziarul Financiar
*BNR will keep interest rate at 6.25%this year, analysts believe – in Ziarul Financiar
*CEC Bank has 150 forced executed houses and land plots – in Ziarul Financiar
*Notaries drop tariffs by as much as 90% for sale contracts, refinancing and inheritances – in Gandul

Romanian investor Dinu Patriciuis still the richest man in Romania, with an estimated wealth of around EUR 2.3 billion, according to the recently – released Forbes TOP 500 Romanian billionaires. Patriciu also owns the media group which runs the Forbes magazine in Romania.

Hidroelectrica will invest EUR 110 million in modernizing its systems in Bicaz – Stejaru, hoping to sign an agreement to cover the required financing by the end of the year, while also starting the revamping works.

Construction materials producer Somaco Grup Prefabricate sold 37 percent more aerated concrete blocks (BCA) products in the first nine months of the year compared to the same period of last year, the company has announced. Somaco plans to reach a sales increase of 10 percent throughout the entire year and estimates it will increase its turnover by up to 18 percent this year on last year.

Watercooler company La Fantana has bought the water purification importer and distributor Rokor Ecostyle, the company has announced. The enterprise value of the bought company was of EUR 4.35 million. The seller was Romanian investor Serban Andrei. Rokor Ecostyle will keep its brand and operate under La Fantana umbrella. The buyer says it will hold an 80 percent market share on the water purification market.

*Five bankers cashed in over EUR 1 million in 2009 for their 2008 results – in Ziarul Financiar
*Alcatel Lucent continues to hire software producers and engineers – in Ziarul Financiar
*Horvath & Partners: Romania ranks third in region in terms of investment potential – in Ziarul Financiar
*Gregory's changes director and strategy – continues with franchises – in Ziarul Financiar
*Romania, the sixth largest beneficiary of EU funds with EUR 1.7 bln. The absorption capacity by mid-year – 10.1% – in Ziarul Financiar

The new Bucharest Obor Market will be opened at the beginning of October, when the two-floorey building which was developed on the site will be finalized. The project, a partnership between the Bucharest Sector 2 city hall and a group of local developers, will feature traditional grocery sales areas, hosting some of the individuals producers which used to sell fruits and vegetables in the old Obor Market.

Around 40 percent of private companies in Romania estimate an average 6.8 percent raise in salaries in 2011, compared with an average 4.3 percent salary raise in 2010, according to a PayWell Romania survey on salary and benefits, conducted by PricewaterhouseCoopers (PwC).

Local firm Shopping Center Holding, which has taken over the formerly known Tiago Mall Oradea in a deal estimated at EUR 30.5 million, will build the 30,000 sqm Oradea Shopping City on the premises, the firm has announced.

Polish consultancy firm Accreo, which specializes in obtaining European funds, state aid and in business consultancy, is working on EUR 50 million of projects through its recently – opened Romanian subsidiary, the company has announced.

*Bankers try to change the Government Ordinance 50 to avoid lawsuits with unhappy customers – in Ziarul Financiar
*Richest 500 Romanians have a wealth of EUR 28 billion Dinu Patriciu, Frank Timis and Ioan Niculae on the podium – in Ziarul Financiar
*BNR will keep interest rate at 6.25%this year, analysts believe – in Ziarul Financiar
*CEC Bank has 150 forced executed houses and land plots – in Ziarul Financiar
*Notaries drop tariffs by as much as 90% for sale contracts, refinancing and inheritances – in Gandul

Romanian investor Dinu Patriciuis still the richest man in Romania, with an estimated wealth of around EUR 2.3 billion, according to the recently – released Forbes TOP 500 Romanian billionaires. Patriciu also owns the media group which runs the Forbes magazine in Romania.

Hidroelectrica will invest EUR 110 million in modernizing its systems in Bicaz – Stejaru, hoping to sign an agreement to cover the required financing by the end of the year, while also starting the revamping works.