European private equity firm Axa Private Equity has sold its shares in Gealan Beteiligungs GmbH to German investment fund Halder, which used to own the majority share package in the firm between 2002 and 2004.

Romanian cosmetics producer Farmec Cluj-Napoca, which posted a turnover of EUR 22.8 million last year, up 10 percent on the previous year, hopes this year's business growth will reach 5 percent. One of the channels of growth will come from the international expansion, which has already been started last year, when the company entered the Hungarian market, according to Mircea Turdean, general manager of Farmec Cluj – Napoca.

The International Monetary Fund will submit the new precautionary deal for Romania for approval in its board meeting at the end of March, when it will also talk about the seventh review of the current stand-by agreement with the country, according to Jeffrey Franks, head of the IMF delegation to Romania.

Romanian law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has taken over law firm Cionca Bidiga Godinca, the legal division of Casa de Insolventa Transilvania SPRL and has thus opened an office in Cluj Napoca, the firm has announced.

Market analysis company Cegedim Romania has taken over the pharma software company Pharmec Healthcare Software, from the Pluriva group, controlled by Romanian investors the Tudorache family.

Romania’s electricity and gas prices will go up between 2013 and 2015, since the Government will eliminate regulated prices, in compliance with requests by the International Monetary Fund, Romanian Prime Minister Emil Boc said Monday.

Romania's Central Bank BNR revised upward its forecast on the annual inflation to 3.6 percent at the end of 2011, from 3.4 percent previously, Romanian Central Bank governor Mugur Isarescu (in picture) said Monday. For 2012, the bank forecasts an annual rate of 3.2 percent, Isarescu said at the presentation of the quarterly inflation report.

Romania's industrial output went up by 12 percent last year, mostly due to growth in the manufacturing industry, according to data from the National Statistics Institute. The mining industry took a nosedive of 5.3 percent last year on 2009.

IT&C distribution company Asesoft Distribution posted a turnover of EUR 145 million in 2010 and hopes it will reach EUR 165 million in 2011, the company has announced. Last year's results reflected a 45 percent increase on the previous year. The company thus targets a 14 percent turnover increase on an IT&C distribution market which is expected to grow by 10 percent.

Romania’s three opposition parliamentary parties on Saturday signed a protocol forming the Social-Liberal Union, a political alliance of liberals, conservatives and social democrats.

European private equity firm Axa Private Equity has sold its shares in Gealan Beteiligungs GmbH to German investment fund Halder, which used to own the majority share package in the firm between 2002 and 2004.

Romanian cosmetics producer Farmec Cluj-Napoca, which posted a turnover of EUR 22.8 million last year, up 10 percent on the previous year, hopes this year's business growth will reach 5 percent. One of the channels of growth will come from the international expansion, which has already been started last year, when the company entered the Hungarian market, according to Mircea Turdean, general manager of Farmec Cluj – Napoca.

The International Monetary Fund will submit the new precautionary deal for Romania for approval in its board meeting at the end of March, when it will also talk about the seventh review of the current stand-by agreement with the country, according to Jeffrey Franks, head of the IMF delegation to Romania.

Romanian law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has taken over law firm Cionca Bidiga Godinca, the legal division of Casa de Insolventa Transilvania SPRL and has thus opened an office in Cluj Napoca, the firm has announced.

Market analysis company Cegedim Romania has taken over the pharma software company Pharmec Healthcare Software, from the Pluriva group, controlled by Romanian investors the Tudorache family.

Romania’s electricity and gas prices will go up between 2013 and 2015, since the Government will eliminate regulated prices, in compliance with requests by the International Monetary Fund, Romanian Prime Minister Emil Boc said Monday.

Romania's Central Bank BNR revised upward its forecast on the annual inflation to 3.6 percent at the end of 2011, from 3.4 percent previously, Romanian Central Bank governor Mugur Isarescu (in picture) said Monday. For 2012, the bank forecasts an annual rate of 3.2 percent, Isarescu said at the presentation of the quarterly inflation report.

Romania's industrial output went up by 12 percent last year, mostly due to growth in the manufacturing industry, according to data from the National Statistics Institute. The mining industry took a nosedive of 5.3 percent last year on 2009.

IT&C distribution company Asesoft Distribution posted a turnover of EUR 145 million in 2010 and hopes it will reach EUR 165 million in 2011, the company has announced. Last year's results reflected a 45 percent increase on the previous year. The company thus targets a 14 percent turnover increase on an IT&C distribution market which is expected to grow by 10 percent.

Romania’s three opposition parliamentary parties on Saturday signed a protocol forming the Social-Liberal Union, a political alliance of liberals, conservatives and social democrats.