Allegro, a company of the South – Africa-based media group Naspers has taken over 83 percent in local Gecad ePayment from Romania businessman Radu Georgescu (in picture). Naspers is at its second acquisition in Romania, after buying the Autovit.ro website.

Romanian Prime Minister Emil Boc has recently said Romania will pay its debt to German companies doing business in the country. The Romanian PM talked about the country's debt to German companies to German Chancellor Angela Merkel, who is on an official visit to Romania.

Update: Adevarul Holding, a media company owned by Romanian businessman Dinu Patriciu (in picture), has received the license to start a generalist TV station called Adevarul TV and a network of 40 local stations, all with an investment of EUR 37 million.

Telecom solutions provider Huawei hopes to reach a 10 percent market share of mobile telephony sales in Romania by 2011, with plans to launch six new models by mid next month. The company had announced earlier this summer its plans to launch a PC tablet by the end of the year, which will sell at EUR 350.

A Gazprom delegation led by the Russian company's general manager Alexei Miller is expected in Bucharest on Wednesday, to meet Economy Minister representatives, according to Agepres, quoting Government sources. The Economy Minister Ion Ariton will attend the meeting, along with Romgaz representatives.

*Investors found EUR 400 million for shopping malls – in Ziarul Financiar
*The increase in food prices send inflation up to a maximum of 8 percent – in Ziarul Financiar
*Catalin Dima withdraws from the Romtelecom management for his own business – in Ziarul Financiar
*Huawei brought 100 Chinese to work in Romania – in Ziarul Financiar
*Romania, in top 10 milk producers, but only one liter out of five goes to factories – in Ziarul Financiar
*Romanian exports, up 23 percent – in Gandul

As many as 700 Volksbank clients have started legal procedures against the bank on the allegedly illegal contract clauses added by the bank after the issuance of the Government Ordinance 50. The bank clients are represented by Piperea & Asociatii law firm, the firm has announced.

Over 1,000 Romanians have already cashed in private pensions worth a total of EUR 342,000, two years and a half from the start of the private pensions system, according to the Private Pensions Surveillance Commission system.

Mark Mobius, the head of emerging markets for Franklin Templeton, who is perceived worldwide as an investment guru, believes the greatest potential in Romania can come from privatizing companies in the energy sector. The transportation sector also appears to have important potential in the long term, as do postal services

Romania's trade deficit grew by 1.9 percent in the first eight months on the same period last year, to EUR 6.09 billion, with exports growing at a slightly higher pace than imports, according to data from the National Statistics Institute (INS).

Allegro, a company of the South – Africa-based media group Naspers has taken over 83 percent in local Gecad ePayment from Romania businessman Radu Georgescu (in picture). Naspers is at its second acquisition in Romania, after buying the Autovit.ro website.

Romanian Prime Minister Emil Boc has recently said Romania will pay its debt to German companies doing business in the country. The Romanian PM talked about the country's debt to German companies to German Chancellor Angela Merkel, who is on an official visit to Romania.

Update: Adevarul Holding, a media company owned by Romanian businessman Dinu Patriciu (in picture), has received the license to start a generalist TV station called Adevarul TV and a network of 40 local stations, all with an investment of EUR 37 million.

Telecom solutions provider Huawei hopes to reach a 10 percent market share of mobile telephony sales in Romania by 2011, with plans to launch six new models by mid next month. The company had announced earlier this summer its plans to launch a PC tablet by the end of the year, which will sell at EUR 350.

A Gazprom delegation led by the Russian company's general manager Alexei Miller is expected in Bucharest on Wednesday, to meet Economy Minister representatives, according to Agepres, quoting Government sources. The Economy Minister Ion Ariton will attend the meeting, along with Romgaz representatives.

*Investors found EUR 400 million for shopping malls – in Ziarul Financiar
*The increase in food prices send inflation up to a maximum of 8 percent – in Ziarul Financiar
*Catalin Dima withdraws from the Romtelecom management for his own business – in Ziarul Financiar
*Huawei brought 100 Chinese to work in Romania – in Ziarul Financiar
*Romania, in top 10 milk producers, but only one liter out of five goes to factories – in Ziarul Financiar
*Romanian exports, up 23 percent – in Gandul

As many as 700 Volksbank clients have started legal procedures against the bank on the allegedly illegal contract clauses added by the bank after the issuance of the Government Ordinance 50. The bank clients are represented by Piperea & Asociatii law firm, the firm has announced.

Over 1,000 Romanians have already cashed in private pensions worth a total of EUR 342,000, two years and a half from the start of the private pensions system, according to the Private Pensions Surveillance Commission system.

Mark Mobius, the head of emerging markets for Franklin Templeton, who is perceived worldwide as an investment guru, believes the greatest potential in Romania can come from privatizing companies in the energy sector. The transportation sector also appears to have important potential in the long term, as do postal services

Romania's trade deficit grew by 1.9 percent in the first eight months on the same period last year, to EUR 6.09 billion, with exports growing at a slightly higher pace than imports, according to data from the National Statistics Institute (INS).