French retailer Auchan will open a store in Iasi, within the Palas real estate project in the Moldavian city. The retailer and Iulius Group, the developer will hold a joint press conference announcing the opening on Thursday, September 16.

*ANAF: If Rompetrol doesn't pay the entire debt, we will resort to foreclosure - in Ziarul Financiar
*Japanese telecom giant KDDI considers investing in Romania - in Ziarul Financiar
*Most abrupt increase in unemployment since 1992 - in Ziarul Financiar
*Three Romanian castles attract fewer visitors than one German castle - in Ziarul Financiar
*10,000 people queuing up for 300 jobs - in Ziarul Financiar

Romania will have a functional online payments system from January 1st, 2011, according to the Romanian Communication Ministry.

The bankruptcy of local business partners is one of the most frequent problems for German, Austrian and Swiss investors in Romania, according to consultancy and audit firm LeitnerLeitner.

*Fiscal Authority seizes land plots and installations from Petromidia – in Ziarul Financiar
*Best paid lawyer made EUR 3 million last year – in Ziarul Financiar
*Provisions eat EUR 228 million out of banks' revenues in July – in Ziarul Financiar
*BCR, valued by Austrians at EUR 2.6 billion – in Ziarul Financiar
*French Cora bets on smaller stores – in Ziarul Financiar

Oil company Rompetrol Rafinare's assets and its participations in subsidiaries have been seized by the Romanian Fiscal Authority (ANAF) in an attempt to recover a USD 570 million debt and prevent the alienation of these assets. The company's main asset is the Petromidia refinery.

Romania’s Government pledged in its additional Memorandum of Understanding agreed with the European Union to extend the income taxation pool by taxing food vouchers and bank deposit interest, as well as by gradually eliminating income tax exemptions for computer programmers.

Russian natural gas giant Gazprom Friday said Romania confirmed its interest in the South Stream pipeline project. A Russian delegation met with Romanian officials Friday to discuss potential joint projects in the energy sector, particularly about setting up underground gas storage facilities in Romania.

Foreign direct investments to Romania (FDI) fell 36 percent to EUR1.9 billion in the first seven months of this year, from EUR 2.9 billion during the same period of last year, according to data from the Romanian Central Bank.

Romanian consumer prices went up 0.23 percent in August after a 2.6 percent increase a month earlier, while the annual inflation accelerated to 7.58 percent, the highest rate in two years, the country’s statistics institute INS said Friday. In July, the annual rate was 7.14 percent.

French retailer Auchan will open a store in Iasi, within the Palas real estate project in the Moldavian city. The retailer and Iulius Group, the developer will hold a joint press conference announcing the opening on Thursday, September 16.

*ANAF: If Rompetrol doesn't pay the entire debt, we will resort to foreclosure - in Ziarul Financiar
*Japanese telecom giant KDDI considers investing in Romania - in Ziarul Financiar
*Most abrupt increase in unemployment since 1992 - in Ziarul Financiar
*Three Romanian castles attract fewer visitors than one German castle - in Ziarul Financiar
*10,000 people queuing up for 300 jobs - in Ziarul Financiar

Romania will have a functional online payments system from January 1st, 2011, according to the Romanian Communication Ministry.

The bankruptcy of local business partners is one of the most frequent problems for German, Austrian and Swiss investors in Romania, according to consultancy and audit firm LeitnerLeitner.

*Fiscal Authority seizes land plots and installations from Petromidia – in Ziarul Financiar
*Best paid lawyer made EUR 3 million last year – in Ziarul Financiar
*Provisions eat EUR 228 million out of banks' revenues in July – in Ziarul Financiar
*BCR, valued by Austrians at EUR 2.6 billion – in Ziarul Financiar
*French Cora bets on smaller stores – in Ziarul Financiar

Oil company Rompetrol Rafinare's assets and its participations in subsidiaries have been seized by the Romanian Fiscal Authority (ANAF) in an attempt to recover a USD 570 million debt and prevent the alienation of these assets. The company's main asset is the Petromidia refinery.

Romania’s Government pledged in its additional Memorandum of Understanding agreed with the European Union to extend the income taxation pool by taxing food vouchers and bank deposit interest, as well as by gradually eliminating income tax exemptions for computer programmers.

Russian natural gas giant Gazprom Friday said Romania confirmed its interest in the South Stream pipeline project. A Russian delegation met with Romanian officials Friday to discuss potential joint projects in the energy sector, particularly about setting up underground gas storage facilities in Romania.

Foreign direct investments to Romania (FDI) fell 36 percent to EUR1.9 billion in the first seven months of this year, from EUR 2.9 billion during the same period of last year, according to data from the Romanian Central Bank.

Romanian consumer prices went up 0.23 percent in August after a 2.6 percent increase a month earlier, while the annual inflation accelerated to 7.58 percent, the highest rate in two years, the country’s statistics institute INS said Friday. In July, the annual rate was 7.14 percent.