*IMF takes into account third year of economic drop for 2011 – in Ziarul Financiar
*Bancpost and Banca Romaneasca take EUR 15 mln from Avrig 35 – in Ziarul Financiar
*Praktiker had the biggest sales decline – down 25% after the VAT drop – in Ziarul Financiar
*Banks had to recover EUR 3.5 bln from clients – in Ziarul Financiar
*ProTV, USD 109 million turnover in nine months – in Ziarul Financiar

Local group UTI has sold Cobra Security company to Swedish group Securitas AB, which is represented locally by Securitas Services România, according to Mediafax newswire. UTI group is controlled by Tiberiu Urdareanu. Cobra Security was set up in 1992 and posted around EUR 13 million in turnover last year, up 10 percent on the previous year. The company hires 2,770 staff.

Local lender Banca Transilvania posted a gross profit of EUR 23.3 million, while its net profit for the first nine moths of the year stayed at EUR 16.2 million, up 44 percent on the same period of last months.

The renewable energy industry could attract investments of up to EUR 9 billion in Romania, considering the high potential on this market, according to Gabriel Sidere, managing partner with CMS Cameron McKenna Bucharest, who attended the "Green. The Future of Energy' conference in Bucharest.

Central European Media Enterprises, which owns several TV stations in Romania, posted USD 109 million in net revenues on the broadcast segment in the first nine months of the year, down USD 10.9 million on the same period of last year. The third quarter of the year meant net revenues of USD 29 million for the company in Romania, down USD 6.8 million on the third quarter of 2009.

*1:0 for Templeton in the first direct confrontation with the state: Romgaz escapes RON 400 million donation – in Ziarul Financiar
*Parliament delays debate on Ordinance 50/2010 on lack of quorum– in Ziarul Financiar
*H&M signs contracts for ten stores in four months – in Ziarul Financiar
*Romanian Central Bank has the biggest stock of gold among Eastern Europe central banks – in Ziarul Financiar
*RA-PPS evaluates its assets at EUR 2.2 mln, could sell them – in Ziarul Financiar

D&M Perfect Real Estate has invested EUR 8 million into the 45-apartment Hotel Epoque, which will be opened on November 1. The five-star hotel, located near the Cismigiu park in Bucharest, is managed by Trend Hospitality.

Romania’s industry does not seem to be reviving and the country’s economy will not defeat the crisis in 2011, believes Frank Hajdinjak (in picture), the general manager of utility group E.ON Romania, the local subsidiary of Germany's E.ON AG.

HD Automotive International, a company owned by Romanian firm Polisea and German company Automotive Stefani, will build a car parts production unit in Craiova. Polisea currently produces paper rolls for the textile industry, while Automotive Stefani produces flexible materials for the car industry and works for companies like Audi, BMW and Volkswagen.

Romania's budget deficit in the first nine months of the year was of EUR 5.4 billion in the first nine months of the year, below the target set by the International Monetary Funds, which was of EUR 6.5 billion.

*IMF takes into account third year of economic drop for 2011 – in Ziarul Financiar
*Bancpost and Banca Romaneasca take EUR 15 mln from Avrig 35 – in Ziarul Financiar
*Praktiker had the biggest sales decline – down 25% after the VAT drop – in Ziarul Financiar
*Banks had to recover EUR 3.5 bln from clients – in Ziarul Financiar
*ProTV, USD 109 million turnover in nine months – in Ziarul Financiar

Local group UTI has sold Cobra Security company to Swedish group Securitas AB, which is represented locally by Securitas Services România, according to Mediafax newswire. UTI group is controlled by Tiberiu Urdareanu. Cobra Security was set up in 1992 and posted around EUR 13 million in turnover last year, up 10 percent on the previous year. The company hires 2,770 staff.

Local lender Banca Transilvania posted a gross profit of EUR 23.3 million, while its net profit for the first nine moths of the year stayed at EUR 16.2 million, up 44 percent on the same period of last months.

The renewable energy industry could attract investments of up to EUR 9 billion in Romania, considering the high potential on this market, according to Gabriel Sidere, managing partner with CMS Cameron McKenna Bucharest, who attended the "Green. The Future of Energy' conference in Bucharest.

Central European Media Enterprises, which owns several TV stations in Romania, posted USD 109 million in net revenues on the broadcast segment in the first nine months of the year, down USD 10.9 million on the same period of last year. The third quarter of the year meant net revenues of USD 29 million for the company in Romania, down USD 6.8 million on the third quarter of 2009.

*1:0 for Templeton in the first direct confrontation with the state: Romgaz escapes RON 400 million donation – in Ziarul Financiar
*Parliament delays debate on Ordinance 50/2010 on lack of quorum– in Ziarul Financiar
*H&M signs contracts for ten stores in four months – in Ziarul Financiar
*Romanian Central Bank has the biggest stock of gold among Eastern Europe central banks – in Ziarul Financiar
*RA-PPS evaluates its assets at EUR 2.2 mln, could sell them – in Ziarul Financiar

D&M Perfect Real Estate has invested EUR 8 million into the 45-apartment Hotel Epoque, which will be opened on November 1. The five-star hotel, located near the Cismigiu park in Bucharest, is managed by Trend Hospitality.

Romania’s industry does not seem to be reviving and the country’s economy will not defeat the crisis in 2011, believes Frank Hajdinjak (in picture), the general manager of utility group E.ON Romania, the local subsidiary of Germany's E.ON AG.

HD Automotive International, a company owned by Romanian firm Polisea and German company Automotive Stefani, will build a car parts production unit in Craiova. Polisea currently produces paper rolls for the textile industry, while Automotive Stefani produces flexible materials for the car industry and works for companies like Audi, BMW and Volkswagen.

Romania's budget deficit in the first nine months of the year was of EUR 5.4 billion in the first nine months of the year, below the target set by the International Monetary Funds, which was of EUR 6.5 billion.