Fondul Proprietatea (FP), managed by Franklin Templeton, has asked for a shareholders meeting in gas company Romgaz in order to revoke the gas company's managers for having approved the EUR 94 million donation to the Romanian state.

German IT security company company Astaro has taken over Cluj – based firm Cososys, which specializes in software to prevent electronic data theft.

The Executive Board of the International Monetary Fund (IMF) has completed the sixth review of Romania’s economic performance and has approved the EUR 904 million loan tranche for the country. This brings the total disbursements under the program to EUR 12.44 billion so far.

Low cost airline Wizz Air carried 2.1 million passengers to and from Romania last year, up 33 percent compared to the previous year, according to the company. Wizz Air, with 42 permanent routes serving Romania, has also announced new ones: Bucharest – Bari, Bucharest – Alicante, Bucharest – Eindhoven and Cluj – Larnaca.

Six years after the Fondul Proprietatea was create, the Bucharest Stock Exchange has approved the Fondul Proprietatea listing on the spot regulated market from January 25, according to Franklin Templeton, the fund manager. The listing will be carried through without an initial public offering (IPO).

The International Monetary Fund will make available for Romania EUR 3.6 billion in a new, precautionary deal that will be signed after the current stand-by agreement expires in April, according to Mediafax newswire, quoting people close to the talks.

Online payments using bank cards increased by 38 percent in 2010, to EUR127.8 million and the number of transactions rose by 82 percent, to 2.26 million, according to data released by Romanian credit card transaction processor Romcard. In 2009, electronic commerce payments saw an increase of 75 percent, to EUR 92.8 million.

Czech energy company CEZ has bought TMK Hydroenergy Power in Romania, which runs a hydroenergy system in Caras Severin county, near Resita city, the company has announced.

ABB has won the USD 24 million bid to build a new substation which will connect Verbund's wind farm in Tulcea to the national power grid. The order was received in the fourth quarter of 2010 from Transelectrica, the national transmission utility and a consortium of four European companies.

Romanian President Traian Basescu, Prime Minister Emil Boc, Romanian Central Bank governor Mugur Isarescu, Finance Minister Gheorghe Ialomitianu on Thursday set the parameters of a new, precautionary agreement with the International Monetary Fund and the European Union, the Romanian Central Bank (BNR) said in a statement.

Fondul Proprietatea (FP), managed by Franklin Templeton, has asked for a shareholders meeting in gas company Romgaz in order to revoke the gas company's managers for having approved the EUR 94 million donation to the Romanian state.

German IT security company company Astaro has taken over Cluj – based firm Cososys, which specializes in software to prevent electronic data theft.

The Executive Board of the International Monetary Fund (IMF) has completed the sixth review of Romania’s economic performance and has approved the EUR 904 million loan tranche for the country. This brings the total disbursements under the program to EUR 12.44 billion so far.

Low cost airline Wizz Air carried 2.1 million passengers to and from Romania last year, up 33 percent compared to the previous year, according to the company. Wizz Air, with 42 permanent routes serving Romania, has also announced new ones: Bucharest – Bari, Bucharest – Alicante, Bucharest – Eindhoven and Cluj – Larnaca.

Six years after the Fondul Proprietatea was create, the Bucharest Stock Exchange has approved the Fondul Proprietatea listing on the spot regulated market from January 25, according to Franklin Templeton, the fund manager. The listing will be carried through without an initial public offering (IPO).

The International Monetary Fund will make available for Romania EUR 3.6 billion in a new, precautionary deal that will be signed after the current stand-by agreement expires in April, according to Mediafax newswire, quoting people close to the talks.

Online payments using bank cards increased by 38 percent in 2010, to EUR127.8 million and the number of transactions rose by 82 percent, to 2.26 million, according to data released by Romanian credit card transaction processor Romcard. In 2009, electronic commerce payments saw an increase of 75 percent, to EUR 92.8 million.

Czech energy company CEZ has bought TMK Hydroenergy Power in Romania, which runs a hydroenergy system in Caras Severin county, near Resita city, the company has announced.

ABB has won the USD 24 million bid to build a new substation which will connect Verbund's wind farm in Tulcea to the national power grid. The order was received in the fourth quarter of 2010 from Transelectrica, the national transmission utility and a consortium of four European companies.

Romanian President Traian Basescu, Prime Minister Emil Boc, Romanian Central Bank governor Mugur Isarescu, Finance Minister Gheorghe Ialomitianu on Thursday set the parameters of a new, precautionary agreement with the International Monetary Fund and the European Union, the Romanian Central Bank (BNR) said in a statement.