OMV Petrom's electric power plant will start production at the end of 2011 and is currently being built in Brazi, according to the European Bank for Reconstruction and Development (EBRD). The power plant in Brazi, north of Bucharest, will feature a gas turbine. When finalized, the power plant will provide up to 9 percent of the electricity produced in Romania.

*Govt. proposes 12% flat tax and salary contribution to 41%. Is a budget possible on this data? - in Ziarul Financiar
*Will PSD and PNL manage to dismiss the Govt. under the pressure of the masses? - in Ziarul Financiar
*Titan invests EUR 15 mln in factory to produce hamburger rolls - in Ziarul Financiar
*Medcenter to put EUR 7 mln in Bucharest analysis lab - in Ziarul Financiar

Oil and gas company Petrom has signed with Canadian company PetroSantander, which will undertake investments and perform services on behalf of Petrom in nine fields in the Arad area. This is the second such contract signed by Petrom, after recently partnering HuntOil in drilling in Eastern Romania. The partnership with PetroSantander will increase production by 50 percent in the fields in the next five years.

A delegation of the International Monetary Fund arrives in Romania Wednesday, October 20, to review the country’s progress under a EUR 13 billion loan agreement and discuss a new agreement, an IMF official told Mediafax newswire.

*Bank debts exceed 10% of the loans in four counties with low economic results – in Ziarul Financiar
*Carrefour keeps its sales stable due to supermarkets – in Ziarul Financiar
*Atenor Group puts over EUR 30 mln of its own funds in first phase of office compound – in Ziarul Financiar
*Ion Tiriac, Dinu Patriciu and Ioan Niculae, first three places in Top 300 Capital – in Ziarul Financiar
*Remittances from abroad reach only EUR 2.47 bln in eight months – in Adevarul

Romania's EU membership enables companies to seek financial support from the EU through structural and cohesion funds. Romania-insider.com starts a new series of articles providing information about European funds, the way companies and individuals can access them, as well as practical advice for those interested in making a successful project. Firstly, let's look at what are the main categories of funds available from the EU.

The local Domino's Pizza franchise, owned by Radacini Group, has expanded with a second unit in Bucharest, in the Obor area of the capital city, Romania-insider.com has learned. The company has recently opened this second Domino's Pizza outlet on Ferdinand boulevard, after opening the first unit in Pipera earlier this year.

The oil and gas market in Romania and in the region will get back to the 2008 level in three or four years, when the demand will return to that level, according to Mosonyi Gyorgy, president of the board with Hungarian oil company Mol. The company will continue to expand its distribution network in Romania, its representative has said.

*Carrefour Romania sales down 2.8% in third quarter, to EUR 270 million - in Ziarul Financiar
*Treich, Erste: They should deliver flyers about the risks of financial products, similarly to drugs - in Ziarul Financiar
*Wizz Air doesn't see Romania as a crisis country. “Our business brings a profit margin of 5 percent” - in Ziarul Financiar
*Govt. introduces fiscal stimuli for the production and acquisition of electric cars - in Ziarul Financiar
*Romanian buy EUR 2.5 million of holidays in 2010 – in Gandul

British companies invested a total of EUR 1.9 billion in Romania in the first nine months of the year, a drop of 36 percent on the same period of last year, according to data from the British Romanian Chamber of Commerce. British companies invested EUR 2.6 million in Romania in the first nine months last year.

OMV Petrom's electric power plant will start production at the end of 2011 and is currently being built in Brazi, according to the European Bank for Reconstruction and Development (EBRD). The power plant in Brazi, north of Bucharest, will feature a gas turbine. When finalized, the power plant will provide up to 9 percent of the electricity produced in Romania.

*Govt. proposes 12% flat tax and salary contribution to 41%. Is a budget possible on this data? - in Ziarul Financiar
*Will PSD and PNL manage to dismiss the Govt. under the pressure of the masses? - in Ziarul Financiar
*Titan invests EUR 15 mln in factory to produce hamburger rolls - in Ziarul Financiar
*Medcenter to put EUR 7 mln in Bucharest analysis lab - in Ziarul Financiar

Oil and gas company Petrom has signed with Canadian company PetroSantander, which will undertake investments and perform services on behalf of Petrom in nine fields in the Arad area. This is the second such contract signed by Petrom, after recently partnering HuntOil in drilling in Eastern Romania. The partnership with PetroSantander will increase production by 50 percent in the fields in the next five years.

A delegation of the International Monetary Fund arrives in Romania Wednesday, October 20, to review the country’s progress under a EUR 13 billion loan agreement and discuss a new agreement, an IMF official told Mediafax newswire.

*Bank debts exceed 10% of the loans in four counties with low economic results – in Ziarul Financiar
*Carrefour keeps its sales stable due to supermarkets – in Ziarul Financiar
*Atenor Group puts over EUR 30 mln of its own funds in first phase of office compound – in Ziarul Financiar
*Ion Tiriac, Dinu Patriciu and Ioan Niculae, first three places in Top 300 Capital – in Ziarul Financiar
*Remittances from abroad reach only EUR 2.47 bln in eight months – in Adevarul

Romania's EU membership enables companies to seek financial support from the EU through structural and cohesion funds. Romania-insider.com starts a new series of articles providing information about European funds, the way companies and individuals can access them, as well as practical advice for those interested in making a successful project. Firstly, let's look at what are the main categories of funds available from the EU.

The local Domino's Pizza franchise, owned by Radacini Group, has expanded with a second unit in Bucharest, in the Obor area of the capital city, Romania-insider.com has learned. The company has recently opened this second Domino's Pizza outlet on Ferdinand boulevard, after opening the first unit in Pipera earlier this year.

The oil and gas market in Romania and in the region will get back to the 2008 level in three or four years, when the demand will return to that level, according to Mosonyi Gyorgy, president of the board with Hungarian oil company Mol. The company will continue to expand its distribution network in Romania, its representative has said.

*Carrefour Romania sales down 2.8% in third quarter, to EUR 270 million - in Ziarul Financiar
*Treich, Erste: They should deliver flyers about the risks of financial products, similarly to drugs - in Ziarul Financiar
*Wizz Air doesn't see Romania as a crisis country. “Our business brings a profit margin of 5 percent” - in Ziarul Financiar
*Govt. introduces fiscal stimuli for the production and acquisition of electric cars - in Ziarul Financiar
*Romanian buy EUR 2.5 million of holidays in 2010 – in Gandul

British companies invested a total of EUR 1.9 billion in Romania in the first nine months of the year, a drop of 36 percent on the same period of last year, according to data from the British Romanian Chamber of Commerce. British companies invested EUR 2.6 million in Romania in the first nine months last year.