Romanian lender Banca Transilvania has postponed its plan to sell shares on the Vienna Stock Exchange until next year because of legal problems with shareholder SIF Banat- Crisana, Chief Executive Officer Robert C. Rekkers said, quoted by Bloomberg

Dominique Strauss-Kahn (in picture), the head of the International Monetary Fund, has recently said in a TV interview that Romania and several other European states are on the brink of disaster, but that he didn't believe in bankruptcy. He mentioned Greece, Ireland, Latvia, Hungary and Romania.

*The Government approved unitary salary law: 15% increase of the base salary every year – in Ziarul Financiar
*IMF and Fiscal Council criticize the income tax drop from 16 to 10% – in Ziarul Financiar
*Ovidiu Buluc, HelpNet: Four out of ten pharmacies are making losses – in Ziarul Financiar
*Alpha made EUR 10 million gross profit in the third quarter, up 23% – in Ziarul Financiar

Jeffrey Franks (in picture, right), the head of the International Monetary Fund (IMF) mission to Romania, has asked for the recently voted flat tax drop to 10 percent not be enforced in Romania, as it is raising several concerns and as it had not bee discussed with the new Fiscal Council.

Romanian private lending fell 1.1 percent in real terms to EUR 48.3 billion in October from the previous month, according to data from the Romanian Central Bank (BNR). Private lending in Romanian lei was down 1.1 percent on the month in October, while loans in foreign currency fell 0.5 percent.

Romania could invest EUR 30 billion in the energy sector by 2020, with the main source of financing for the investments being the Bucharest Stock Exchange, said Varujan Vosganian, president of the Economy, Industries and Services commission in the Senate, who attended the Energy Forum 2010.

Romanian central bank governor Mugur Isarescu Wednesday defended local creditors, saying the lenders only attracted external financing to respond to consumer over borrowing.

Ford Romania will launch two new car models by 2013 and aims to sell 300,000 units a year in the following three years, according to Dionisio Campos, president of Ford Romania. Around 80 percent of the Romanian production will go to export

US companies have invested USD 1.2 billion in Romania since 2009 and American companies are still interested in making local investments, according to Mark Gitenstein, the US ambassador to Romania. Procter & Gamble is one of these investors, said Gitenstein, quoted by Romanian media.

*Euro goes up to RON 4.31, tension builds up again – in Ziarul Financiar
*Tuborg shareholders bring 46-year old Israeli to replace Shachar Shaine – in Ziarul Financiar
*Head of P&G is optimistic: he sees economic growth in spring – in Ziarul Financiar
*Number of Austrians who came to Romania in the first nine months grows by 0.6% to 139,000 people – in Ziarul Financiar

Romanian lender Banca Transilvania has postponed its plan to sell shares on the Vienna Stock Exchange until next year because of legal problems with shareholder SIF Banat- Crisana, Chief Executive Officer Robert C. Rekkers said, quoted by Bloomberg

Dominique Strauss-Kahn (in picture), the head of the International Monetary Fund, has recently said in a TV interview that Romania and several other European states are on the brink of disaster, but that he didn't believe in bankruptcy. He mentioned Greece, Ireland, Latvia, Hungary and Romania.

*The Government approved unitary salary law: 15% increase of the base salary every year – in Ziarul Financiar
*IMF and Fiscal Council criticize the income tax drop from 16 to 10% – in Ziarul Financiar
*Ovidiu Buluc, HelpNet: Four out of ten pharmacies are making losses – in Ziarul Financiar
*Alpha made EUR 10 million gross profit in the third quarter, up 23% – in Ziarul Financiar

Jeffrey Franks (in picture, right), the head of the International Monetary Fund (IMF) mission to Romania, has asked for the recently voted flat tax drop to 10 percent not be enforced in Romania, as it is raising several concerns and as it had not bee discussed with the new Fiscal Council.

Romanian private lending fell 1.1 percent in real terms to EUR 48.3 billion in October from the previous month, according to data from the Romanian Central Bank (BNR). Private lending in Romanian lei was down 1.1 percent on the month in October, while loans in foreign currency fell 0.5 percent.

Romania could invest EUR 30 billion in the energy sector by 2020, with the main source of financing for the investments being the Bucharest Stock Exchange, said Varujan Vosganian, president of the Economy, Industries and Services commission in the Senate, who attended the Energy Forum 2010.

Romanian central bank governor Mugur Isarescu Wednesday defended local creditors, saying the lenders only attracted external financing to respond to consumer over borrowing.

Ford Romania will launch two new car models by 2013 and aims to sell 300,000 units a year in the following three years, according to Dionisio Campos, president of Ford Romania. Around 80 percent of the Romanian production will go to export

US companies have invested USD 1.2 billion in Romania since 2009 and American companies are still interested in making local investments, according to Mark Gitenstein, the US ambassador to Romania. Procter & Gamble is one of these investors, said Gitenstein, quoted by Romanian media.

*Euro goes up to RON 4.31, tension builds up again – in Ziarul Financiar
*Tuborg shareholders bring 46-year old Israeli to replace Shachar Shaine – in Ziarul Financiar
*Head of P&G is optimistic: he sees economic growth in spring – in Ziarul Financiar
*Number of Austrians who came to Romania in the first nine months grows by 0.6% to 139,000 people – in Ziarul Financiar