The European Bank for Reconstruction and Development is considering providing up to EUR 27.5 million loan to Compania APA Brasov S.A. for key investments in the County of Brasov to meet EU water and wastewater directives.

Romania’s consolidated budget posted in 2010 a deficit of EUR 7.8 billion, or 6.5 percent of the estimated gross domestic product, lower than the ceiling agreed with the International Monetary Fund, the Finance Ministry said Thursday. In its financing agreements with the IMF and the European Commission, Romania pledged to keep the budget deficit below EUR 8.1 billion

German IT security company Astaro has bought Romanian CoSoSys, developer of Endpoint Security, Data Loss Prevention and portable media security software. The acquisition price was not disclosed.

The Bucharest National Airports Company has contracted a EUR 100 loan from BRD Groupe Societe Generale and BCR, to finance the third development and modernizing phase of the Otopeni airport in the Romanian capital city. The two lenders have been chosen in an open bid.

French retailer Carrefour will open a new hypermarket in Bucharest, within the Colloseum shopping center in the Romanian capital city in September this year. This will be Carrefour's eight hypermarket in Bucharest and the 24th in the country.

The European Bank for Reconstruction and Development (EBRD) has granted a EUR 10 million loan to Raiffeisen Bank Romania to fuel energy efficiency projects for local companies.

The increase in gas prices in Romania was caused by the international quotations and by the depreciation of the Romanian leu against the dollar, according to oil and gas company OMV Petrom, who issued a statement on Wednesday. The price of gas was up 20 percent last year, while the price of diesel oil grew by 24 percent in 2010, according to OMV Petrom.

Private equity company Enterprise Investors plans to raise a new investment fund in 2011 targeting several countries in the SEE region, Romania included. The new buyout fund, Polish Enterprise Fund VII, will start raising money mid-2011, as Polish Enterprise Fund VI is almost fully invested, according to Enterprise Investors.

Private equity fund Innova Capital has acquired a 96 percent share package in Provus Services provider and in its Romanian subsidiary RomCard from Turkven Private Equity and a consortium of Turkish investors. The value of the deal has not been disclosed.

Oil company Lukoil plans to shut down its Petrotel refinery in Ploiesti, Romania, for maintenance next month. The halt will last for two weeks, between February 13 and 18, for regular equipment inspections, the company has announced.

The European Bank for Reconstruction and Development is considering providing up to EUR 27.5 million loan to Compania APA Brasov S.A. for key investments in the County of Brasov to meet EU water and wastewater directives.

Romania’s consolidated budget posted in 2010 a deficit of EUR 7.8 billion, or 6.5 percent of the estimated gross domestic product, lower than the ceiling agreed with the International Monetary Fund, the Finance Ministry said Thursday. In its financing agreements with the IMF and the European Commission, Romania pledged to keep the budget deficit below EUR 8.1 billion

German IT security company Astaro has bought Romanian CoSoSys, developer of Endpoint Security, Data Loss Prevention and portable media security software. The acquisition price was not disclosed.

The Bucharest National Airports Company has contracted a EUR 100 loan from BRD Groupe Societe Generale and BCR, to finance the third development and modernizing phase of the Otopeni airport in the Romanian capital city. The two lenders have been chosen in an open bid.

French retailer Carrefour will open a new hypermarket in Bucharest, within the Colloseum shopping center in the Romanian capital city in September this year. This will be Carrefour's eight hypermarket in Bucharest and the 24th in the country.

The European Bank for Reconstruction and Development (EBRD) has granted a EUR 10 million loan to Raiffeisen Bank Romania to fuel energy efficiency projects for local companies.

The increase in gas prices in Romania was caused by the international quotations and by the depreciation of the Romanian leu against the dollar, according to oil and gas company OMV Petrom, who issued a statement on Wednesday. The price of gas was up 20 percent last year, while the price of diesel oil grew by 24 percent in 2010, according to OMV Petrom.

Private equity company Enterprise Investors plans to raise a new investment fund in 2011 targeting several countries in the SEE region, Romania included. The new buyout fund, Polish Enterprise Fund VII, will start raising money mid-2011, as Polish Enterprise Fund VI is almost fully invested, according to Enterprise Investors.

Private equity fund Innova Capital has acquired a 96 percent share package in Provus Services provider and in its Romanian subsidiary RomCard from Turkven Private Equity and a consortium of Turkish investors. The value of the deal has not been disclosed.

Oil company Lukoil plans to shut down its Petrotel refinery in Ploiesti, Romania, for maintenance next month. The halt will last for two weeks, between February 13 and 18, for regular equipment inspections, the company has announced.