Agreements worth EUR 10 billion, most of them on EU money, have been already signed for the infrastructure works, including speedways building due to be finished across Romania in 2011, Romanian Prime Minister Emil Boc has said.

Romania would last only two quarters with the money it currently holds, if it were to cancel the agreement with the International Monetary Fund and the European Commission on account of a political crisis, according to the Bank of America-Merrill Lynch analysts, quoted by The Money Channel.

The Romanian authorities’ plan to collect taxes on high wealth will target about 1-2 percent of contributors, Finance Minister Gheorghe Ialomitianu has said. He added that fiscal authority ANAF will set up several departments tasked with checking wealthy individuals.

The Romanian currency Leu's appreciation in 2011 could be supported by the stock exchange listing of Fondul Proprietatea and by a new cautionary agreement with the International Monetary Fund, according to an analysis by X-Trade Brokers. Last year, the Ley depreciated by 8 percent against the US Dollar, the second biggest depreciation after the Hungarian Forint. The Leu was quite stable against the Euro last year, with only a 1.02 percent depreciation.

A&D Pharma Holdings, the Dutch holding company that owns the largest integrated pharmaceutical wholesale, marketing and sales, and retail business in Romania, has signed a new EUR 150 million loan agreement arranged by Erste Group Bank AG, Banca Comerciala Romana S.A. and UniCredit Tiriac Bank S.A.

Local software company Siveco grew its turnover by 20 percent last year on 2009 and signed over 100 new contracts, the company has announced. Siveco posted EUR 49 million in turnover in 2009, according to its data, having reached EUR 58.8 million in turnover last year.

The Romanian car market is expected to grow this year on last year mostly due to the Clunkers program, as well as due to the car pollution tax, which is more favorable for purchasing new cars, according to Fabrice Cambolive (in picture), commercial director of Automobile Dacia car maker.

Romania will sign new, precautionary financing agreements with both the International Monetary Fund and the European Commission, Finance Minister Gheorghe Ialomitianu (in picture) told a news conference Monday.

The Green City residential project, which has asked for the judiciary reorganization procedures, will be finalized in the last quarter of the year, the developers have announced. The reorganization procedure doesn't affect the already built houses and is only meant to protect buyers in the project, according to the Green City Construct, the developer of the project.

The value of books sold in Romania was down 15 percent last year, to EUR 60 million, according to an estimation by Romanian bookstore chain Diverta. The value doesn't include books sold in kiosks, which would take the number up to EUR 112 million, according to Diverta.

Agreements worth EUR 10 billion, most of them on EU money, have been already signed for the infrastructure works, including speedways building due to be finished across Romania in 2011, Romanian Prime Minister Emil Boc has said.

Romania would last only two quarters with the money it currently holds, if it were to cancel the agreement with the International Monetary Fund and the European Commission on account of a political crisis, according to the Bank of America-Merrill Lynch analysts, quoted by The Money Channel.

The Romanian authorities’ plan to collect taxes on high wealth will target about 1-2 percent of contributors, Finance Minister Gheorghe Ialomitianu has said. He added that fiscal authority ANAF will set up several departments tasked with checking wealthy individuals.

The Romanian currency Leu's appreciation in 2011 could be supported by the stock exchange listing of Fondul Proprietatea and by a new cautionary agreement with the International Monetary Fund, according to an analysis by X-Trade Brokers. Last year, the Ley depreciated by 8 percent against the US Dollar, the second biggest depreciation after the Hungarian Forint. The Leu was quite stable against the Euro last year, with only a 1.02 percent depreciation.

A&D Pharma Holdings, the Dutch holding company that owns the largest integrated pharmaceutical wholesale, marketing and sales, and retail business in Romania, has signed a new EUR 150 million loan agreement arranged by Erste Group Bank AG, Banca Comerciala Romana S.A. and UniCredit Tiriac Bank S.A.

Local software company Siveco grew its turnover by 20 percent last year on 2009 and signed over 100 new contracts, the company has announced. Siveco posted EUR 49 million in turnover in 2009, according to its data, having reached EUR 58.8 million in turnover last year.

The Romanian car market is expected to grow this year on last year mostly due to the Clunkers program, as well as due to the car pollution tax, which is more favorable for purchasing new cars, according to Fabrice Cambolive (in picture), commercial director of Automobile Dacia car maker.

Romania will sign new, precautionary financing agreements with both the International Monetary Fund and the European Commission, Finance Minister Gheorghe Ialomitianu (in picture) told a news conference Monday.

The Green City residential project, which has asked for the judiciary reorganization procedures, will be finalized in the last quarter of the year, the developers have announced. The reorganization procedure doesn't affect the already built houses and is only meant to protect buyers in the project, according to the Green City Construct, the developer of the project.

The value of books sold in Romania was down 15 percent last year, to EUR 60 million, according to an estimation by Romanian bookstore chain Diverta. The value doesn't include books sold in kiosks, which would take the number up to EUR 112 million, according to Diverta.