*Nicolae Danila, the wealthiest Romanian banker, has EUR 21 million in liquid assets. How he hedges against risk: has accounts with 15 banks – in Ziarul Financiar
*BCR lost EUR 120 million from clients who refinanced loans with other banks – in Ziarul Financiar
*Deutsche Telekom will invest EUR 1 billion in South Eastern Europe – in Ziarul Financiar
*One in three Romanians won't buy Christmas gifts – in Ziarul Financiar

The Cluj county Consumer Protection has applied a RON 100,000 (around EUR 23,000) fine to BCR and has asked for the suspension of lending after the bank has included the risk commission in the administration commission, although this has been forbidden by the Ordinance 50/2010.

French sports retailer Decathlon will open its fifth store in Romania, within Grand Arena Mall in Bucharest. The new store will cover 5,550 sqm.

*Consumption survives after VAT increase and drop in salaries – in Ziarul Financiar
*Medicover plans to double sales and add 500 employees – in Ziarul Financiar
*Owner of AFI Palace Cotroceni delays Warsaw stock exchange listing – in Ziarul Financiar
*The second management change in Ford Romania in less than two months – in Ziarul Financiar

Swedish security solutions provider Securitas has bought Romanian sector firm Cobra Security for an enterprise value of EUR 3.2 million from Romanian company UTI, owned by Tiberiu Urdareanu. Cobra, with a staff of more than 1,000 people and annual sales of nearly EUR 4.2 million, provides guarding and monitoring services, reads Securitas' statement.

Polish company ABC Data has taken over a 50.9 percent share package in local Scop Computers and plans to buy the remainder of the shares in the following three years. The total price of the block of 846 shares of Scop Computers on the day of the transaction was EUR 5 million, according to ABC Data

The Romanian Central Bank (BNR) has decided to keep the key interest rate at 6.25 percent, similarly to the last six months. BNR cut the rate from 6.5 percent to 6.25 percent in May this year. In December last year, the key policy rate was of 8 percent and was gradually decreased throughout 2010.

The gross domestic product (GDP) was down 2.3 percent in the first nine months of 2010, compared to the similar period of 2009, according to data released by the National Institute of Statistics (INS). The industry was the branch that registered the highest growth in activity volume, of 4.2 percent.

UniCredit plans to open 300 new bank outlets in Romania, out of a total of 900 outlets in the Central and Eastern Europe for the next five years, according to Federico Ghizzoni, the bank's delegate administrator.

Oil company OMV Petrom, which inaugurates its new Petrom City headquarters on Thursday, December 2, says it was not easy to continue the real estate project during the crisis. “As CFO, I must say it has not been easy to continue a project of such a scale, during a time when the economic environment proved to be unbeneficial.

*Nicolae Danila, the wealthiest Romanian banker, has EUR 21 million in liquid assets. How he hedges against risk: has accounts with 15 banks – in Ziarul Financiar
*BCR lost EUR 120 million from clients who refinanced loans with other banks – in Ziarul Financiar
*Deutsche Telekom will invest EUR 1 billion in South Eastern Europe – in Ziarul Financiar
*One in three Romanians won't buy Christmas gifts – in Ziarul Financiar

The Cluj county Consumer Protection has applied a RON 100,000 (around EUR 23,000) fine to BCR and has asked for the suspension of lending after the bank has included the risk commission in the administration commission, although this has been forbidden by the Ordinance 50/2010.

French sports retailer Decathlon will open its fifth store in Romania, within Grand Arena Mall in Bucharest. The new store will cover 5,550 sqm.

*Consumption survives after VAT increase and drop in salaries – in Ziarul Financiar
*Medicover plans to double sales and add 500 employees – in Ziarul Financiar
*Owner of AFI Palace Cotroceni delays Warsaw stock exchange listing – in Ziarul Financiar
*The second management change in Ford Romania in less than two months – in Ziarul Financiar

Swedish security solutions provider Securitas has bought Romanian sector firm Cobra Security for an enterprise value of EUR 3.2 million from Romanian company UTI, owned by Tiberiu Urdareanu. Cobra, with a staff of more than 1,000 people and annual sales of nearly EUR 4.2 million, provides guarding and monitoring services, reads Securitas' statement.

Polish company ABC Data has taken over a 50.9 percent share package in local Scop Computers and plans to buy the remainder of the shares in the following three years. The total price of the block of 846 shares of Scop Computers on the day of the transaction was EUR 5 million, according to ABC Data

The Romanian Central Bank (BNR) has decided to keep the key interest rate at 6.25 percent, similarly to the last six months. BNR cut the rate from 6.5 percent to 6.25 percent in May this year. In December last year, the key policy rate was of 8 percent and was gradually decreased throughout 2010.

The gross domestic product (GDP) was down 2.3 percent in the first nine months of 2010, compared to the similar period of 2009, according to data released by the National Institute of Statistics (INS). The industry was the branch that registered the highest growth in activity volume, of 4.2 percent.

UniCredit plans to open 300 new bank outlets in Romania, out of a total of 900 outlets in the Central and Eastern Europe for the next five years, according to Federico Ghizzoni, the bank's delegate administrator.

Oil company OMV Petrom, which inaugurates its new Petrom City headquarters on Thursday, December 2, says it was not easy to continue the real estate project during the crisis. “As CFO, I must say it has not been easy to continue a project of such a scale, during a time when the economic environment proved to be unbeneficial.