Intercapital Invest brokerage company launched the Initial Public Offering (IPO) for the closed-end investment fund iFond Gold, which will invest in shares of mining companies listed on foreign stock markets. The fund aims to invest 40 percent of its resources in Gabriel Resources shares, which runs the Rosia Montana gold mining project, as well as in European Goldfields, which runs the Certej gold mining project in Apuseni mountains in Romania.

Vienna Insurance Group (VIG) posted subscribed premiums of EUR 396.6 million in the first nine months of the year, down 13 percent on the same period last year. However, the insurer managed to grow its pre-tax profit by 56 percent, to EUR 25.9 million.

Telecom company Vodafone Romania posted EUR 425.7 million in revenues between April and September this year, down 12.4 percent on the same period last month. Its profit before taxes (EBITDA) was of EUR 177.1 million, covering around 41 percent of the revenues.

*Foreign investments stopped at EUR 50 billion in 2009. Here come only the peanuts – in Ziarul Financiar
*Industrial production shows signs of fatigue. Constructions stay in the negative zone – in Ziarul Financiar
*The restructuring lie: best paid state employees earn over EUR 1,200 a month – in Ziarul Financiar
*Cable companies' businesses dropped to EUR 623 million last year – in Ziarul Financiar
*Romania exports EUR 340 million of wheat – in Ziarul Financiar
*Only 3 percent of CEOs see the end of crisis happening this year – in Gandul

Intel will invest several millions of euros into a software development center which will be located in Romania and which will initially hire a staff of 25, mainly focusing on the development of the MeeGo open-source platform. Intel Romania Software Development Center will initially work on the MeeGo platform, a joint project of The Linux Foundation, supported by Intel and Nokia.

Romanian overdue payments on loans of at least RON 20,000 (around EUR 4,700) more than doubled to RON 14.6 billion (EUR 3.4 billion) in September compared to the same month last year, according to data from the Romanian Central Bank (BNR). Compared with August, overdue loan payments grew by 7.7 percent in September, data shows.

Foreign direct investments reached EUR 3.4 billion in Romania last year, according to data from the Romanian Central Bank (BNR), taking the entire stock of FDI to the country to almost EUR 50 billion.

Real estate investment manager Valad has signed a three year lease for the A1 Business Park in Bucharest, a contract worth EUR 310,000, and also expanded an existing lease contract.

Romania's construction output fell 15.1 percent in September compared to the same month a year earlier, with decreases in all sectors, according to the National Institute for Statistics. Residential building works fell 35.9 percent on the year in September, while civil engineering works and non-residential constructions were down 12.7 percent and 0.3 percent respectively.

Two thirds of business leaders in Romania do not expect a significant economic recovery in 2011, while one third believe there are no clear prospects regarding the end of the crisis at all, found a recent AT Kearney survey. While the crisis has a clear impact on all industries, only 10 percent of the CEOs interviewed see a low effect of the crisis on their own industry compared to the other ones, according to AT Kearney.

Intercapital Invest brokerage company launched the Initial Public Offering (IPO) for the closed-end investment fund iFond Gold, which will invest in shares of mining companies listed on foreign stock markets. The fund aims to invest 40 percent of its resources in Gabriel Resources shares, which runs the Rosia Montana gold mining project, as well as in European Goldfields, which runs the Certej gold mining project in Apuseni mountains in Romania.

Vienna Insurance Group (VIG) posted subscribed premiums of EUR 396.6 million in the first nine months of the year, down 13 percent on the same period last year. However, the insurer managed to grow its pre-tax profit by 56 percent, to EUR 25.9 million.

Telecom company Vodafone Romania posted EUR 425.7 million in revenues between April and September this year, down 12.4 percent on the same period last month. Its profit before taxes (EBITDA) was of EUR 177.1 million, covering around 41 percent of the revenues.

*Foreign investments stopped at EUR 50 billion in 2009. Here come only the peanuts – in Ziarul Financiar
*Industrial production shows signs of fatigue. Constructions stay in the negative zone – in Ziarul Financiar
*The restructuring lie: best paid state employees earn over EUR 1,200 a month – in Ziarul Financiar
*Cable companies' businesses dropped to EUR 623 million last year – in Ziarul Financiar
*Romania exports EUR 340 million of wheat – in Ziarul Financiar
*Only 3 percent of CEOs see the end of crisis happening this year – in Gandul

Intel will invest several millions of euros into a software development center which will be located in Romania and which will initially hire a staff of 25, mainly focusing on the development of the MeeGo open-source platform. Intel Romania Software Development Center will initially work on the MeeGo platform, a joint project of The Linux Foundation, supported by Intel and Nokia.

Romanian overdue payments on loans of at least RON 20,000 (around EUR 4,700) more than doubled to RON 14.6 billion (EUR 3.4 billion) in September compared to the same month last year, according to data from the Romanian Central Bank (BNR). Compared with August, overdue loan payments grew by 7.7 percent in September, data shows.

Foreign direct investments reached EUR 3.4 billion in Romania last year, according to data from the Romanian Central Bank (BNR), taking the entire stock of FDI to the country to almost EUR 50 billion.

Real estate investment manager Valad has signed a three year lease for the A1 Business Park in Bucharest, a contract worth EUR 310,000, and also expanded an existing lease contract.

Romania's construction output fell 15.1 percent in September compared to the same month a year earlier, with decreases in all sectors, according to the National Institute for Statistics. Residential building works fell 35.9 percent on the year in September, while civil engineering works and non-residential constructions were down 12.7 percent and 0.3 percent respectively.

Two thirds of business leaders in Romania do not expect a significant economic recovery in 2011, while one third believe there are no clear prospects regarding the end of the crisis at all, found a recent AT Kearney survey. While the crisis has a clear impact on all industries, only 10 percent of the CEOs interviewed see a low effect of the crisis on their own industry compared to the other ones, according to AT Kearney.