Bellavista Golf Villas & Resort, owned by Italian investors, intends to build a golf course and sports center in Fantanele, Arad county in Romania, a project which is expected to be financed through European funds. The project is estimated at around EUR 15 million and the EU funding should cover 70 percent of the financing needs.

*Bankers have won the fight for OUG 50 – it will be applied only to new loan contracts – in Ziarul Financiar
*Real: We won't sell the Romanian division – in Ziarul Financiar
*Paszkany wants to turn a failed real estate investment in Cluj – Tineretului compound – into a solar panels park – in Ziarul Financiar
*Eurostat: Number of houses with Internet access tripled – in Ziarul Financiar

Retailer Real Hypermarket Romania, part of Metro group, has denied rumors about a potential sale of the Romanian subsidiary, which has been included in recent Romanian media reports. “There is no plan to sell the real,- Romania. Moreover, Metro Group trust in the development of the sales division of real,- on a promising market, with potential, and we will continue to strengthen our position on the local hypermarket segment,” said Joel Saveuse, member of the Metro AG board.

Supermarket operator Mega Image has entered the convenience stores segment in Romania by opening Shop & Go units. The first such store was opened in Bucharest, on Delea Noua St., and covers 170 sqm, featuring mostly food products. Another such store will be opened on December 17 in Pantelimon, which will bring the number of Mega Image operated stores to 72 by the end of the year.

*Basescu about exit from the crisis: in the first quarter, half, the second half of 2011 – in Ziarul Financiar
*Foreign debt costs EUR 3 billion a month since the beginning of the year – in Ziarul Financiar
*Labor productivity increasing. How long will the trend last? – in Ziarul Financiar
*Taher signs sale of 12 hectares in Electroputere – in Ziarul Financiar

Romania's current account deficit widened by 30.3 percent to EUR 4.94 billion in the first ten months, from a gap of EUR 3.79 billion a year before, largely due to the lower current transfers surplus, according to data from the Romanian Central Bank (BNR).

Romania has reached the bottom of the crisis, two years down the road, and the 2011 perspectives are positive, according to a recent UniCredit report, CEE Quarterly. The bank's analysts expect Romania's GDP to grow by 1.7 percent next year, after an expected 2.5 percent drop this year and a recorded drop of 7.1 percent in 2009

Real estate projects worth around EUR 500 million are expected to go bankrupt in 2011, according to Coldwell Banker Affiliates of Romania. The volume of projects which will end up bankrupt will thus double on this year's, according to Valentin Ilie, CEO Coldwell Banker Affiliates of Romania.

German do-it-yourself retailer Hornbach, which has opened its fourth store in Romania on the former Prisma location near Bucharest, plans to further invest EUR 30 million in the fourth store of the chain in the capital city.

*New highway segment out for bid between Lugoj and Deva: EUR 260 million for 27 km of roads – in Ziarul Financiar
*Vienna trams will have body carriages made in Romania – in Ziarul Financiar
*Lindab expects EUR 25 million in sales for next year, similarly to 2009 – in Ziarul Financiar
*Hornbach expects EUR 93 million from the new Prisma store in 2011 – in Ziarul Financiar

Bellavista Golf Villas & Resort, owned by Italian investors, intends to build a golf course and sports center in Fantanele, Arad county in Romania, a project which is expected to be financed through European funds. The project is estimated at around EUR 15 million and the EU funding should cover 70 percent of the financing needs.

*Bankers have won the fight for OUG 50 – it will be applied only to new loan contracts – in Ziarul Financiar
*Real: We won't sell the Romanian division – in Ziarul Financiar
*Paszkany wants to turn a failed real estate investment in Cluj – Tineretului compound – into a solar panels park – in Ziarul Financiar
*Eurostat: Number of houses with Internet access tripled – in Ziarul Financiar

Retailer Real Hypermarket Romania, part of Metro group, has denied rumors about a potential sale of the Romanian subsidiary, which has been included in recent Romanian media reports. “There is no plan to sell the real,- Romania. Moreover, Metro Group trust in the development of the sales division of real,- on a promising market, with potential, and we will continue to strengthen our position on the local hypermarket segment,” said Joel Saveuse, member of the Metro AG board.

Supermarket operator Mega Image has entered the convenience stores segment in Romania by opening Shop & Go units. The first such store was opened in Bucharest, on Delea Noua St., and covers 170 sqm, featuring mostly food products. Another such store will be opened on December 17 in Pantelimon, which will bring the number of Mega Image operated stores to 72 by the end of the year.

*Basescu about exit from the crisis: in the first quarter, half, the second half of 2011 – in Ziarul Financiar
*Foreign debt costs EUR 3 billion a month since the beginning of the year – in Ziarul Financiar
*Labor productivity increasing. How long will the trend last? – in Ziarul Financiar
*Taher signs sale of 12 hectares in Electroputere – in Ziarul Financiar

Romania's current account deficit widened by 30.3 percent to EUR 4.94 billion in the first ten months, from a gap of EUR 3.79 billion a year before, largely due to the lower current transfers surplus, according to data from the Romanian Central Bank (BNR).

Romania has reached the bottom of the crisis, two years down the road, and the 2011 perspectives are positive, according to a recent UniCredit report, CEE Quarterly. The bank's analysts expect Romania's GDP to grow by 1.7 percent next year, after an expected 2.5 percent drop this year and a recorded drop of 7.1 percent in 2009

Real estate projects worth around EUR 500 million are expected to go bankrupt in 2011, according to Coldwell Banker Affiliates of Romania. The volume of projects which will end up bankrupt will thus double on this year's, according to Valentin Ilie, CEO Coldwell Banker Affiliates of Romania.

German do-it-yourself retailer Hornbach, which has opened its fourth store in Romania on the former Prisma location near Bucharest, plans to further invest EUR 30 million in the fourth store of the chain in the capital city.

*New highway segment out for bid between Lugoj and Deva: EUR 260 million for 27 km of roads – in Ziarul Financiar
*Vienna trams will have body carriages made in Romania – in Ziarul Financiar
*Lindab expects EUR 25 million in sales for next year, similarly to 2009 – in Ziarul Financiar
*Hornbach expects EUR 93 million from the new Prisma store in 2011 – in Ziarul Financiar