Real estate developer Asmita and investment fund European Development Convergence Company (ECDC), owners of the 765-apartment complex Asmita Gardens in Bucharest have sold EUR 3 million of housing in the complex in the first quarter of the year. 24 new families thus moved in their Asmita Gardens homes.

Romania must adopt the unitary pension system law and pay the debts of its public hospitals before the International...

Czech company CEZ has recently received the first green certificates for the energy produced by its windmills in Dobrogea, the company has announced. Tomis Team, a company in the CEZ group in Romania, got the green certificates for the month of August. CEZ has 100 running wind turbines in Fantanele, with an installed capacity of 250 MW.

Unhappy bank customers in Romania have joined internet groups and some of them even started procedures to sue banks over their reshuffled loan contracts, after local banks started to change the existing loan contracts, making them more transparent, in compliance with the new Romanian legislation and the EU rules.

Porsche Romania expects to sell up to 100 Audi A1 cars a year in Romania and the model could reach 8 percent of Audi sales on the Romanian market in 2011, according to Matei Albulescu, Audi brand manager within Porsche Romania importer. The car is priced between EUR 17,200 and EUR 23,100 in Romania (VAT included).

Five-star hotel Athenee Palace Hilton in Bucharest has opened the Cafe Athenee restaurant following a revamping process which included the hotel's reception, lobby, the hallway area, as well as food and beverage areas. The entire renovation cost was of EUR 2 million, according to Linda Griffin, the newly appointed general manager of the Bucharest hotel.

Austrian companies are still interested in investing in Romania, but they ask for more transparency, efficiency and consistency in public administration, as well as the improvement of the local legal system, according to Rudolf Lukavsky, Commercial Counselor within the Austrian Embassy to Bucharest.

Private health care operator Centrul Medical Unirea (CMU), majority owned by investment fund Advent International will merge with Euroclinic Hospital and Medical Centers, the two companies have announced. Advent International has taken over the majority share package in Euroclinic from Dutch group Eureko.

*CMU merges with Euroclinic – in Ziarul Financiar
*Gunter Grieb leaves Profi after a year – in Ziarul Financiar
*Romania taken down by Greece's problems, says Economist Intelligence Unit – in Ziarul Financiar
*Local Musette stores go to New York – in Ziarul Financiar

Romanian state-owned gas company Romgaz will purchase natural gas from import, through negotiations on Vienna Gas Exchange from June 2011, according to the company. This will be a first for the Romanian company and it means that the company will get gas at lower prices compared to the current imports based on the contracts Romgaz mainly concluded with Gazprom.

Real estate developer Asmita and investment fund European Development Convergence Company (ECDC), owners of the 765-apartment complex Asmita Gardens in Bucharest have sold EUR 3 million of housing in the complex in the first quarter of the year. 24 new families thus moved in their Asmita Gardens homes.

Romania must adopt the unitary pension system law and pay the debts of its public hospitals before the International...

Czech company CEZ has recently received the first green certificates for the energy produced by its windmills in Dobrogea, the company has announced. Tomis Team, a company in the CEZ group in Romania, got the green certificates for the month of August. CEZ has 100 running wind turbines in Fantanele, with an installed capacity of 250 MW.

Unhappy bank customers in Romania have joined internet groups and some of them even started procedures to sue banks over their reshuffled loan contracts, after local banks started to change the existing loan contracts, making them more transparent, in compliance with the new Romanian legislation and the EU rules.

Porsche Romania expects to sell up to 100 Audi A1 cars a year in Romania and the model could reach 8 percent of Audi sales on the Romanian market in 2011, according to Matei Albulescu, Audi brand manager within Porsche Romania importer. The car is priced between EUR 17,200 and EUR 23,100 in Romania (VAT included).

Five-star hotel Athenee Palace Hilton in Bucharest has opened the Cafe Athenee restaurant following a revamping process which included the hotel's reception, lobby, the hallway area, as well as food and beverage areas. The entire renovation cost was of EUR 2 million, according to Linda Griffin, the newly appointed general manager of the Bucharest hotel.

Austrian companies are still interested in investing in Romania, but they ask for more transparency, efficiency and consistency in public administration, as well as the improvement of the local legal system, according to Rudolf Lukavsky, Commercial Counselor within the Austrian Embassy to Bucharest.

Private health care operator Centrul Medical Unirea (CMU), majority owned by investment fund Advent International will merge with Euroclinic Hospital and Medical Centers, the two companies have announced. Advent International has taken over the majority share package in Euroclinic from Dutch group Eureko.

*CMU merges with Euroclinic – in Ziarul Financiar
*Gunter Grieb leaves Profi after a year – in Ziarul Financiar
*Romania taken down by Greece's problems, says Economist Intelligence Unit – in Ziarul Financiar
*Local Musette stores go to New York – in Ziarul Financiar

Romanian state-owned gas company Romgaz will purchase natural gas from import, through negotiations on Vienna Gas Exchange from June 2011, according to the company. This will be a first for the Romanian company and it means that the company will get gas at lower prices compared to the current imports based on the contracts Romgaz mainly concluded with Gazprom.