Oil and gas company Petrom has partnered Hunt Oil Company Romania in jointly exploring the onshore areas Adjud and Urziceni East, according to Petrom.

*The Romanian state allows prices to be expressed in EUR, although the national currency is RON – in Ziarul Financiar
*Copos negotiates development of Ana Tower with GTC – in Ziarul Financiar
*New exit from real estate – Alejandro Solano leaves Hercesa after six years – in Ziarul Financiar
*Camelia Sucu closes down Natuzzi store in Unirii but plans re-opening in Pipera – in Ziarul Financiar
*Cristian Ionescu, Coface: Romania and Bulgaria have the lowest ratings in Europe – in Ziarul Financiar

Rating agency Coface has left its sovereign rating on Romania unchanged at “B” in September, the lowest rating in central and eastern Europe, the agency said Wednesday. Romania and neighbor Bulgaria have been under "B" rating since June 2009.

Investments in Romania's railway system will reach EUR 7 billion in the next five years, as investors from around the world are interested in the opportunities offered by Romania in this field, Secretary General of the Association of Romania's Railway Industry (AIF) Stefan Roseanu told Agerpres newswire.

Czech power group CEZ has decided to withdraw from the shareholder structure of Romania’s EnergoNuclear to search for less risky business opportunities in the region, an official of CEZ Romania said Tuesday.

*Basescu: We're getting money from the IMF, nobody will lend us money long term – in Ziarul Financiar
*E.ON develops three wind farms with EUR 200 million – in Ziarul Financiar
*Microsoft Romania: We expect a 6 percent increase this year. We're betting on cloud computing – in Ziarul Financiar
*Over 1,000 clients deposit average wealth of EUR 400,000 with ING Bank – in Ziarul Financiar
*Agrana shuts down sugar factory in Buzau for four months – in Ziarul Financiar

The Romanian telecommunications and postal services market reached EUR 4.4 billion at the end of 2009, according to data from the National Authority for Management and Regulation in Communications, based on the annual financial statements submitted by the operators. This was down 12.5 percent compared to 2008, when the market was of EUR 5 billion.

Romania will sign a new loan agreement with the International Monetary Fund in 2011 to finance its budget deficit, Romanian President Traian Basescu said Tuesday.

Microsoft Romania has seen its turnover back upwards from December last year and hopes to achieve a 6 percent hike in its revenues for the fiscal year 2011, compared to 2010, the company has announced without disclosing the actual sales figure. Microsoft Romania posted a sales increase of 3 percent during January – June this year.

Russian software reseller Softline, which has recently opened an office on the Romanian market, expects a USD 0.5 million turnover from the local subsidiary in the first year of activity, with most of the revenues coming from the re-sale of Microsoft products

Oil and gas company Petrom has partnered Hunt Oil Company Romania in jointly exploring the onshore areas Adjud and Urziceni East, according to Petrom.

*The Romanian state allows prices to be expressed in EUR, although the national currency is RON – in Ziarul Financiar
*Copos negotiates development of Ana Tower with GTC – in Ziarul Financiar
*New exit from real estate – Alejandro Solano leaves Hercesa after six years – in Ziarul Financiar
*Camelia Sucu closes down Natuzzi store in Unirii but plans re-opening in Pipera – in Ziarul Financiar
*Cristian Ionescu, Coface: Romania and Bulgaria have the lowest ratings in Europe – in Ziarul Financiar

Rating agency Coface has left its sovereign rating on Romania unchanged at “B” in September, the lowest rating in central and eastern Europe, the agency said Wednesday. Romania and neighbor Bulgaria have been under "B" rating since June 2009.

Investments in Romania's railway system will reach EUR 7 billion in the next five years, as investors from around the world are interested in the opportunities offered by Romania in this field, Secretary General of the Association of Romania's Railway Industry (AIF) Stefan Roseanu told Agerpres newswire.

Czech power group CEZ has decided to withdraw from the shareholder structure of Romania’s EnergoNuclear to search for less risky business opportunities in the region, an official of CEZ Romania said Tuesday.

*Basescu: We're getting money from the IMF, nobody will lend us money long term – in Ziarul Financiar
*E.ON develops three wind farms with EUR 200 million – in Ziarul Financiar
*Microsoft Romania: We expect a 6 percent increase this year. We're betting on cloud computing – in Ziarul Financiar
*Over 1,000 clients deposit average wealth of EUR 400,000 with ING Bank – in Ziarul Financiar
*Agrana shuts down sugar factory in Buzau for four months – in Ziarul Financiar

The Romanian telecommunications and postal services market reached EUR 4.4 billion at the end of 2009, according to data from the National Authority for Management and Regulation in Communications, based on the annual financial statements submitted by the operators. This was down 12.5 percent compared to 2008, when the market was of EUR 5 billion.

Romania will sign a new loan agreement with the International Monetary Fund in 2011 to finance its budget deficit, Romanian President Traian Basescu said Tuesday.

Microsoft Romania has seen its turnover back upwards from December last year and hopes to achieve a 6 percent hike in its revenues for the fiscal year 2011, compared to 2010, the company has announced without disclosing the actual sales figure. Microsoft Romania posted a sales increase of 3 percent during January – June this year.

Russian software reseller Softline, which has recently opened an office on the Romanian market, expects a USD 0.5 million turnover from the local subsidiary in the first year of activity, with most of the revenues coming from the re-sale of Microsoft products