Romania's unemployment rate grew slightly to 6.9 percent in the third quarter of 2010, from 6.8 percent in the previous quarter, according to the country’s statistics institute INS. The jobless rate was also higher compared with a rate of 6.8 percent in the third quarter of 2009, the statistics show.

The Romanian Central Bank (BNR) has decided to keep the key interest rate at 6.25 percent after its first monetary policy meeting of the year.

Romanian group InterAgro, owned by local investor Ioan Niculae, has decided to close down four of its fertilizers factories until April this year, after having announced plans to close down two more at the end of last year.

Fashion retailer C&A will open a 1,200 sqm store in Family Center Botosani in April this year, according to Oasis Development, the developers of the project. The shopping center, which is already running, is thus fully let. The center was opened in November last year, following a EUR 7 million investment.

Banca Comercială Romana (BCR) has granted EUR 517 million of loans in the First House 1 and 2 programs, more than a third of its quota within the program. Most of the loans were granted in Bucharest – over 4,000 loans, worth a total of EUR 196 million.

Romania needs more profound reforms on the social allowances and occupation segments of the public sector and these could take one or two years, which is why joining the euro zone could be delayed from the planned 2015, according to the governor of the Romanian Central Bank (BNR), Mugur Isarescu (in picture).

Energy company CEZ has sold its 9.15 percent participation in EnergoNuclear, the company which will build the 3 and 4 nukes in Cernavoda project in Romania, to Nuclearelectrica. CEZ has previously announced its plan to withdraw from the project while focusing on its home market in the Czech Republic and consolidate existing investments abroad.

The Bucharest City Hall will organize a bid on January 19 to choose the company which will build and operate the underground car park in Alba Iulia square, estimated to require EUR 84.6 million. The car park, on three underground levels, will provide 1,490 parking spaces.

Investment fund East Balkan Properties (EBP – formerly Equest Balkan Properties) has sold a 51 percent stake in its Romanian properties Vitantis Shopping Center in Bucharest and Moldova Mall in Iasi to Denesol Limited, a Cyprus – based company owned by George Teleman, for a symbolic value of EUR 5.

The Bucharest Stock Exchange (BSE) recorded EUR 2.15 billion of trade on all its segments during 2010, up 29 percent on 2009. The volume of shares and shares rights trading reached EUR 1.48 million, up 10.7 percent on the previous year. The bonds market doubled to EUR 620 million, while the futures segment also grew by 59 percent, to EUR 25.3 million.

Romania's unemployment rate grew slightly to 6.9 percent in the third quarter of 2010, from 6.8 percent in the previous quarter, according to the country’s statistics institute INS. The jobless rate was also higher compared with a rate of 6.8 percent in the third quarter of 2009, the statistics show.

The Romanian Central Bank (BNR) has decided to keep the key interest rate at 6.25 percent after its first monetary policy meeting of the year.

Romanian group InterAgro, owned by local investor Ioan Niculae, has decided to close down four of its fertilizers factories until April this year, after having announced plans to close down two more at the end of last year.

Fashion retailer C&A will open a 1,200 sqm store in Family Center Botosani in April this year, according to Oasis Development, the developers of the project. The shopping center, which is already running, is thus fully let. The center was opened in November last year, following a EUR 7 million investment.

Banca Comercială Romana (BCR) has granted EUR 517 million of loans in the First House 1 and 2 programs, more than a third of its quota within the program. Most of the loans were granted in Bucharest – over 4,000 loans, worth a total of EUR 196 million.

Romania needs more profound reforms on the social allowances and occupation segments of the public sector and these could take one or two years, which is why joining the euro zone could be delayed from the planned 2015, according to the governor of the Romanian Central Bank (BNR), Mugur Isarescu (in picture).

Energy company CEZ has sold its 9.15 percent participation in EnergoNuclear, the company which will build the 3 and 4 nukes in Cernavoda project in Romania, to Nuclearelectrica. CEZ has previously announced its plan to withdraw from the project while focusing on its home market in the Czech Republic and consolidate existing investments abroad.

The Bucharest City Hall will organize a bid on January 19 to choose the company which will build and operate the underground car park in Alba Iulia square, estimated to require EUR 84.6 million. The car park, on three underground levels, will provide 1,490 parking spaces.

Investment fund East Balkan Properties (EBP – formerly Equest Balkan Properties) has sold a 51 percent stake in its Romanian properties Vitantis Shopping Center in Bucharest and Moldova Mall in Iasi to Denesol Limited, a Cyprus – based company owned by George Teleman, for a symbolic value of EUR 5.

The Bucharest Stock Exchange (BSE) recorded EUR 2.15 billion of trade on all its segments during 2010, up 29 percent on 2009. The volume of shares and shares rights trading reached EUR 1.48 million, up 10.7 percent on the previous year. The bonds market doubled to EUR 620 million, while the futures segment also grew by 59 percent, to EUR 25.3 million.