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

*Expansion number 3 in Bucharest Mall – H&M – in Ziarul Financiar
*Minister Ariton's first move – changing the head of Transgaz – in Ziarul Financiar
*Austrians say 10% of Romania's GDP is due to their investments – in Ziarul Financiar
*Cinteza, BNR: Banks could loose EUR 600 million from applying OUG 50, some will ask compensations from the state – in Ziarul Financiar
*Alumil plans to build another factory – in Ziarul Financiar

With a total net investment of approximately EUR 10 billion and with EUR 2.2 billion in trade between Romania and Austria, the Western European country remains the main investor into the Romanian economy, information from the Austrian Embassy to Romania reveals.

Romania needs an extra EUR 3 billion to pay pensions in 2011, Prime Minister Emil Boc has said. The reform of the pensions system is a step forward in ensuring the system's fairness and sustainability, he has added.

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

*Expansion number 3 in Bucharest Mall – H&M – in Ziarul Financiar
*Minister Ariton's first move – changing the head of Transgaz – in Ziarul Financiar
*Austrians say 10% of Romania's GDP is due to their investments – in Ziarul Financiar
*Cinteza, BNR: Banks could loose EUR 600 million from applying OUG 50, some will ask compensations from the state – in Ziarul Financiar
*Alumil plans to build another factory – in Ziarul Financiar

With a total net investment of approximately EUR 10 billion and with EUR 2.2 billion in trade between Romania and Austria, the Western European country remains the main investor into the Romanian economy, information from the Austrian Embassy to Romania reveals.

Romania needs an extra EUR 3 billion to pay pensions in 2011, Prime Minister Emil Boc has said. The reform of the pensions system is a step forward in ensuring the system's fairness and sustainability, he has added.