Romanian lender BCR witnessed an increase of 29 percent in the volume of card transactions at retailers in 2010 and plans to grow this volume by 20 percent this year.

Romania will pay the International Monetary Fund interest worth EUR300 million for the loan installments transferred this year. Thus, interest paid this year is similar to the amount paid last year. The first tranche is set for February 1.

Traffic on the Constanta County waterways in southeastern Romania, specifically along the Danube - Black Sea Canal and the Poarta Alba - Midia Navodari Canal, grew by 4.8 million tonnes in volume in by 3 million tonnes of freight 2010 compared to 2009.

Romania’s Government plans to merge three electricity suppliers into a single unit running under state-owned electricity supplier Electrica, according to an official government document obtained by Mediafax newswire.

Swedish fashion retailer H&M will open the first store in Romania in March this year, in AFI Palace Cotroceni and plans to open six stores in the first half of 2011, according to Wall-street.ro. H&M plans to hire at least 300 people in Romania by the end of the year.

Romania’s Government might sell further shares in natural gas producer Romgaz after the company’s floating on the Bucharest Stock Exchange, but it will keep the majority stake, according to an official document obtained by Mediafax newswire.

French retailer Carrefour posted EUR 1.13 billion in sales in Romania last year, down 0.4 percent on the year before. The retailer managed to up its sales by 0.2 percent in the forth quarter of the year, to EUR 327 million.

Developer Cefin Real Estate Asset Management (CREAM) has bought back the Cefin Logistic Park Arad real estate project from investment fund Europolis. The value of the deal was not disclosed.

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 lender BCR witnessed an increase of 29 percent in the volume of card transactions at retailers in 2010 and plans to grow this volume by 20 percent this year.

Romania will pay the International Monetary Fund interest worth EUR300 million for the loan installments transferred this year. Thus, interest paid this year is similar to the amount paid last year. The first tranche is set for February 1.

Traffic on the Constanta County waterways in southeastern Romania, specifically along the Danube - Black Sea Canal and the Poarta Alba - Midia Navodari Canal, grew by 4.8 million tonnes in volume in by 3 million tonnes of freight 2010 compared to 2009.

Romania’s Government plans to merge three electricity suppliers into a single unit running under state-owned electricity supplier Electrica, according to an official government document obtained by Mediafax newswire.

Swedish fashion retailer H&M will open the first store in Romania in March this year, in AFI Palace Cotroceni and plans to open six stores in the first half of 2011, according to Wall-street.ro. H&M plans to hire at least 300 people in Romania by the end of the year.

Romania’s Government might sell further shares in natural gas producer Romgaz after the company’s floating on the Bucharest Stock Exchange, but it will keep the majority stake, according to an official document obtained by Mediafax newswire.

French retailer Carrefour posted EUR 1.13 billion in sales in Romania last year, down 0.4 percent on the year before. The retailer managed to up its sales by 0.2 percent in the forth quarter of the year, to EUR 327 million.

Developer Cefin Real Estate Asset Management (CREAM) has bought back the Cefin Logistic Park Arad real estate project from investment fund Europolis. The value of the deal was not disclosed.

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.