Publicis Groupe has bought three of its long-term affiliates in Romania, Publicis Romania, Focus Advertising and Publicis Events. The three entities will operate under the name Grupul Publicis Communications Services Bucharest, which will be an integrated communications agency

Spanish law firm Garrigues will close down its office in Bucharest, after having changed the business strategy for the Central and Eastern Europe. The law firm will work in the region through its office in Warsaw, according to the law firm.

*Four mall in Bucharest worth over EUR 1 billion. Will they find buyers? - in Ziarul Financiar
*2011 budget proposes drastic drop in expenses, 2.2 percent of the GDP - in Ziarul Financiar
*Romania faced five financial crises in the last five years due to the lack of financial education - in Ziarul Financiar
*Banca Transilvania raised EUR 26 million from investors in the first share issuance since the beginning of crisis - in Ziarul Financiar

Banca Transilvania shareholders have subscribed 93 percent of the bank's capital share increase, The bank has announced, The bank has increased its share capital by EUR 26.3 million.

Romania's external debt has reached EUR 90 billion, out of which the Romanian state has to pay EUR 18.5 billion, the Romanian Central Bank (BNR)- other EUR 9 billion, while EUR 17 billion stem from the population, according to BNR data.

The Romanian Government plans to sell its 46 percent stake in telecom operator Romtelecom and Greek OTE, the main shareholder in the telecom company, has been invited to submit an offer for the remaining share package. Another option for the sale would be listing the state's share package on the stock exchange.

*15% increase in salaries for state employees will cost state EUR 1.4 billion – in Ziarul Financiar
*Atenor Group builds office building in Pipera with its own funds – in Ziarul Financiar
*The high prices of gold puts pressure on jewelry trade – in Ziarul Financiar
*Developers finalized 3,000 new apartments in Titan, the Bucharest neighbourhoods with the biggest investments in residential – in Ziarul Financiar

Romania's Finance Ministry on Thursday sold three-year foreign currency bonds worth EUR 1.3 billion, above the planned amount, at an average yield of 4.8 percent a year.

Romania has no reason to halt its external payments, said Mugur Isarescu (in picture), the Romanian Central Bank Governor, in response to the recent statement by International Monetary Fund head Dominique Strauss-Kahn. The IMF official recently said Romania, along with other countries, could face insolvency.

The average unemployment aid in Romania next year will be 10 percent lower than this year, down to EUR 111 from the current EUR 122, while unemployment aid for young graduates will be kept at EUR 70.

Publicis Groupe has bought three of its long-term affiliates in Romania, Publicis Romania, Focus Advertising and Publicis Events. The three entities will operate under the name Grupul Publicis Communications Services Bucharest, which will be an integrated communications agency

Spanish law firm Garrigues will close down its office in Bucharest, after having changed the business strategy for the Central and Eastern Europe. The law firm will work in the region through its office in Warsaw, according to the law firm.

*Four mall in Bucharest worth over EUR 1 billion. Will they find buyers? - in Ziarul Financiar
*2011 budget proposes drastic drop in expenses, 2.2 percent of the GDP - in Ziarul Financiar
*Romania faced five financial crises in the last five years due to the lack of financial education - in Ziarul Financiar
*Banca Transilvania raised EUR 26 million from investors in the first share issuance since the beginning of crisis - in Ziarul Financiar

Banca Transilvania shareholders have subscribed 93 percent of the bank's capital share increase, The bank has announced, The bank has increased its share capital by EUR 26.3 million.

Romania's external debt has reached EUR 90 billion, out of which the Romanian state has to pay EUR 18.5 billion, the Romanian Central Bank (BNR)- other EUR 9 billion, while EUR 17 billion stem from the population, according to BNR data.

The Romanian Government plans to sell its 46 percent stake in telecom operator Romtelecom and Greek OTE, the main shareholder in the telecom company, has been invited to submit an offer for the remaining share package. Another option for the sale would be listing the state's share package on the stock exchange.

*15% increase in salaries for state employees will cost state EUR 1.4 billion – in Ziarul Financiar
*Atenor Group builds office building in Pipera with its own funds – in Ziarul Financiar
*The high prices of gold puts pressure on jewelry trade – in Ziarul Financiar
*Developers finalized 3,000 new apartments in Titan, the Bucharest neighbourhoods with the biggest investments in residential – in Ziarul Financiar

Romania's Finance Ministry on Thursday sold three-year foreign currency bonds worth EUR 1.3 billion, above the planned amount, at an average yield of 4.8 percent a year.

Romania has no reason to halt its external payments, said Mugur Isarescu (in picture), the Romanian Central Bank Governor, in response to the recent statement by International Monetary Fund head Dominique Strauss-Kahn. The IMF official recently said Romania, along with other countries, could face insolvency.

The average unemployment aid in Romania next year will be 10 percent lower than this year, down to EUR 111 from the current EUR 122, while unemployment aid for young graduates will be kept at EUR 70.