Romania’s state-owned railway company CFR SA will modernize ten train stations in the country for an estimated RON 332.8 million net of VAT, EUR 96.7 million including VAT, the company said on Thursday. CFR will organize four auctions for execution works.

Foreign direct investments to Romania dropped by 25.6 percent in the first 11 months of 2010 in Romania, to EUR 2.27 billion and they managed to cover only about half of the account deficit, according to data from the Romanian Central Bank.

Romanian state-owned gas producer Romgaz Medias posted a turnover of EUR 808 million last year and a profit of EUR 121 million. The turnover was slightly higher than in the previous year, while the profit went down 12 percent.

Romania has received vegetable oil and oleaginous products import requests from several countries, among which Jordan and Tunisia, according to Valeriu Tabara, the Romanian Agriculture Minister, quoted by Mediafax newswire.

Nikken, a wellness products direct selling company which has recently officially entered the Romanian market, plans to reach a network of at least 3,000 consultants in Romania, from the current network of around 700 people, Romania-Insider.com has learned. Nikken currently operates directly from its UK based company Nikken UK Ltd, while being registered for VAT in Romania and having products approved by Romanian authorities, Janne Heimonen, head of sales and marketing with Nikken Europe told Romania-Insider.com.

A new International Monetary Fund (IMF) mission will review Romania's economic performances and reforms between January 25 and February 8, the seventh review mission within the stand-by agreement. The delegation will be led by Jeffrey Franks (in picture) and will be joined by the European Commission and World Bank teams.

The World Bank will discuss on its January 20 Management Council meeting whether to grant Romania a second development policies loan, worth some EUR 300 million.

Romania has pledged to make changes to the Emergency Ordinance 50/2010 in order to receive the sixth tranche of the loan from the International Monetary Fund (IMF), although local authorities have denied it in the past.

The Bucharest Court has decided to suspend the creation of Romania's power champion company Electra, based on a request made by Fondul Proprietatea through manager Franklin Templeton. The energy company Electra should have been created based on a decision by the shareholders of Nuclearelectrica, but the court has suspended the decision.

Private healthcare services operator Centrul Medical Unirea (CMU) has taken three loans from Raiffeisen Bank totaling EUR 18.32 million, to expand its network with a hospital and three clinics. Some of the amount will also be used to new equipments and for hiring medical staff.

Romania’s state-owned railway company CFR SA will modernize ten train stations in the country for an estimated RON 332.8 million net of VAT, EUR 96.7 million including VAT, the company said on Thursday. CFR will organize four auctions for execution works.

Foreign direct investments to Romania dropped by 25.6 percent in the first 11 months of 2010 in Romania, to EUR 2.27 billion and they managed to cover only about half of the account deficit, according to data from the Romanian Central Bank.

Romanian state-owned gas producer Romgaz Medias posted a turnover of EUR 808 million last year and a profit of EUR 121 million. The turnover was slightly higher than in the previous year, while the profit went down 12 percent.

Romania has received vegetable oil and oleaginous products import requests from several countries, among which Jordan and Tunisia, according to Valeriu Tabara, the Romanian Agriculture Minister, quoted by Mediafax newswire.

Nikken, a wellness products direct selling company which has recently officially entered the Romanian market, plans to reach a network of at least 3,000 consultants in Romania, from the current network of around 700 people, Romania-Insider.com has learned. Nikken currently operates directly from its UK based company Nikken UK Ltd, while being registered for VAT in Romania and having products approved by Romanian authorities, Janne Heimonen, head of sales and marketing with Nikken Europe told Romania-Insider.com.

A new International Monetary Fund (IMF) mission will review Romania's economic performances and reforms between January 25 and February 8, the seventh review mission within the stand-by agreement. The delegation will be led by Jeffrey Franks (in picture) and will be joined by the European Commission and World Bank teams.

The World Bank will discuss on its January 20 Management Council meeting whether to grant Romania a second development policies loan, worth some EUR 300 million.

Romania has pledged to make changes to the Emergency Ordinance 50/2010 in order to receive the sixth tranche of the loan from the International Monetary Fund (IMF), although local authorities have denied it in the past.

The Bucharest Court has decided to suspend the creation of Romania's power champion company Electra, based on a request made by Fondul Proprietatea through manager Franklin Templeton. The energy company Electra should have been created based on a decision by the shareholders of Nuclearelectrica, but the court has suspended the decision.

Private healthcare services operator Centrul Medical Unirea (CMU) has taken three loans from Raiffeisen Bank totaling EUR 18.32 million, to expand its network with a hospital and three clinics. Some of the amount will also be used to new equipments and for hiring medical staff.