The quarrel between foreign investors and local authorities about wind energy projects in Dobrogea went on from a site clash this summer to a battle of official declarations. Two of the foreign investors which have started projects in the Cogealac area, CEZ and Eolica, both underline the risks of blocking investments in the area. Their takes on this however differ.

The salary expenses in the Romanian public sector will be cut in 2011 down to the 2005 level of 7.4 percent of gross domestic product, the International Monetary Fund (IMF) representative in Romania Tonny Lybek said at the Palace of Parliament on Tuesday.

The Chamber of Notaries Public in Bucharest will reduce by 10 percent the fees charged for real estate transaction signed in Bucharest and in five other counties, namely Calarasi, Giurgiu, Ialomita, Ilfov and Teleorman, starting September 1.

real,- Hypermarket Romania will move its headquarters above the real,- Pallady hypermarket, where it will occupy 6,500 sqm of space. The three available floors will host the retailer's 350 employees working in the main offices.

Banks demand higher yields from state – in Ziarul Financiar, Food industry multinationals closed down 25 plants – in Ziarul Financiar, Volume of loans granted by non-banking financial institutions, down by EUR 600 million in H1 – in Ziarul Financiar, Burger King and Nestle replace Everest in Piaţa Romană – in Ziarul Financiar, State could cash in EUR 100 million from sale of 15% in Transgaz – in Ziarul Financiar

RCS & RDS launches prepaid mobile Internet and voice – in Ziarul Financiar

Romanian retail sales are expected to go back to the 2007 level, after decreasing by as much as 10.4 percent in 2009, according to a recent report by advisory firm Candole. The biggest decline was in June last year, when retail sales dropped by 16.4 percent. This came after two years of economic boom, 2007 and 2008, when retail sales grew by 20 percent year-on-year.

Romania's furniture exports, in first four months, totaled EUR 356 million, 7.3 percent higher than in the same period of the previous year, according to the National Institute of Statistics' data. The imports amounted to EUR 90.4 million, 12.1 percent lower compared to January-April 2009.

Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Budgetary revenues up 7.5% in July in the wake of VAT hike announcement – in Ziarul Financiar, Rising borrowing costs eat into Banca Românească's profit – in Ziarul Financiar, Amazon competes with Continental and Bitdefender for software developers in Iaşi – in Ziarul Financiar, Intesa lost EUR 3 million in the first quarter – in Ziarul Financiar, Volksbank's assets drop nu 1.9% in second quarter, to EUR 5.2 million – in Ziarul Financiar, Malev drops flight capacity by 7% in Romania – in Ziarul Financiar

The quarrel between foreign investors and local authorities about wind energy projects in Dobrogea went on from a site clash this summer to a battle of official declarations. Two of the foreign investors which have started projects in the Cogealac area, CEZ and Eolica, both underline the risks of blocking investments in the area. Their takes on this however differ.

The salary expenses in the Romanian public sector will be cut in 2011 down to the 2005 level of 7.4 percent of gross domestic product, the International Monetary Fund (IMF) representative in Romania Tonny Lybek said at the Palace of Parliament on Tuesday.

The Chamber of Notaries Public in Bucharest will reduce by 10 percent the fees charged for real estate transaction signed in Bucharest and in five other counties, namely Calarasi, Giurgiu, Ialomita, Ilfov and Teleorman, starting September 1.

real,- Hypermarket Romania will move its headquarters above the real,- Pallady hypermarket, where it will occupy 6,500 sqm of space. The three available floors will host the retailer's 350 employees working in the main offices.

Banks demand higher yields from state – in Ziarul Financiar, Food industry multinationals closed down 25 plants – in Ziarul Financiar, Volume of loans granted by non-banking financial institutions, down by EUR 600 million in H1 – in Ziarul Financiar, Burger King and Nestle replace Everest in Piaţa Romană – in Ziarul Financiar, State could cash in EUR 100 million from sale of 15% in Transgaz – in Ziarul Financiar

RCS & RDS launches prepaid mobile Internet and voice – in Ziarul Financiar

Romanian retail sales are expected to go back to the 2007 level, after decreasing by as much as 10.4 percent in 2009, according to a recent report by advisory firm Candole. The biggest decline was in June last year, when retail sales dropped by 16.4 percent. This came after two years of economic boom, 2007 and 2008, when retail sales grew by 20 percent year-on-year.

Romania's furniture exports, in first four months, totaled EUR 356 million, 7.3 percent higher than in the same period of the previous year, according to the National Institute of Statistics' data. The imports amounted to EUR 90.4 million, 12.1 percent lower compared to January-April 2009.

Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Budgetary revenues up 7.5% in July in the wake of VAT hike announcement – in Ziarul Financiar, Rising borrowing costs eat into Banca Românească's profit – in Ziarul Financiar, Amazon competes with Continental and Bitdefender for software developers in Iaşi – in Ziarul Financiar, Intesa lost EUR 3 million in the first quarter – in Ziarul Financiar, Volksbank's assets drop nu 1.9% in second quarter, to EUR 5.2 million – in Ziarul Financiar, Malev drops flight capacity by 7% in Romania – in Ziarul Financiar