The revenues on the telecom segment in Romania continued to drop this year, but to a lower extent than in 2009, according to Catalin Marinescu, president of the National Authority for Management and Regulation in Communications (ANCOM). Last year, the market reached EUR 3.9 billion, down 15 percent on 2008.

Romania's industrial output went up by 10.5 percent in the first ten months of the year compared to the same period of last year, according to data from the Statistics Institute. The mining sector went down by 7.1 percent, while capital goods went up 17.1 percent.

Private healthcare operator Medas has opened a new medical clinic on 2,500 sqm within Unirea Shopping Center in Bucharest, following an investment of EUR 4 million. This is the forth clinic in the Medas network and includes 23 medical rooms.

Romania's excises on fuels and tobacco will be raised as of January 1, 2011, which could lead to new increases in the price of such products, according to a draft emergency ordinance amending the Fiscal Code.

Real estate developer Copper Beech Capital, which has built the Blue Tower residential project in Bucharest, has been declared bankrupt after the court rejected its reorganization plan. The 16-storey block of flats in Colentina area of Bucharest should have been finalized in September last year and was expected to have 156 apartments.

A 10 percent drop in software piracy for Romania could lead to the creation of 3,700 new jobs and to additional revenues of USD 498 million for the local IT industry in the next four years, according to a recent study issued by International Data Corporation (IDC).

The court has blocked the shares owned by Romanian businessman Dan Adamescu in Astra Asigurari and Unirea Shopping Center in a forced execution case, according to reports sent by the two companies to the Bucharest Stock Exchange, where their shares are listed.

*Owner of Unirea Shopping Center, forced executed by AVAS (Authority for State Assets Recovery) - in Ziarul Financiar
*Head of Hidroelectrica, in conflict with the Fondul Proprietatea administrator - in Ziarul Financiar
*CFR: 41 km of railways with EUR 280 million - in Ziarul Financiar
*Google starts hiring in Romania - in Ziarul Financiar

The Romanian subsidiary of the Royal Bank of Scotland (RBS) posted a profit of EUR 23.3 million in the first nine months of the year and hopes to reach EUR 30.3 million in profit by the end of the year, according to Johan Patrick Gabriels, the RBS Romania president.

The American Chamber of Commerce in Romania, which has submitted around 34 papers to the Romanian authorities this year, proposing changes in various business fields, has seen the authorities using its proposals above its initial expectations. AmCham's proposals have been used in the renewable energy field, as well as on taxation and on workforce, according to Anca Harasim, executive director of AmCham.

The revenues on the telecom segment in Romania continued to drop this year, but to a lower extent than in 2009, according to Catalin Marinescu, president of the National Authority for Management and Regulation in Communications (ANCOM). Last year, the market reached EUR 3.9 billion, down 15 percent on 2008.

Romania's industrial output went up by 10.5 percent in the first ten months of the year compared to the same period of last year, according to data from the Statistics Institute. The mining sector went down by 7.1 percent, while capital goods went up 17.1 percent.

Private healthcare operator Medas has opened a new medical clinic on 2,500 sqm within Unirea Shopping Center in Bucharest, following an investment of EUR 4 million. This is the forth clinic in the Medas network and includes 23 medical rooms.

Romania's excises on fuels and tobacco will be raised as of January 1, 2011, which could lead to new increases in the price of such products, according to a draft emergency ordinance amending the Fiscal Code.

Real estate developer Copper Beech Capital, which has built the Blue Tower residential project in Bucharest, has been declared bankrupt after the court rejected its reorganization plan. The 16-storey block of flats in Colentina area of Bucharest should have been finalized in September last year and was expected to have 156 apartments.

A 10 percent drop in software piracy for Romania could lead to the creation of 3,700 new jobs and to additional revenues of USD 498 million for the local IT industry in the next four years, according to a recent study issued by International Data Corporation (IDC).

The court has blocked the shares owned by Romanian businessman Dan Adamescu in Astra Asigurari and Unirea Shopping Center in a forced execution case, according to reports sent by the two companies to the Bucharest Stock Exchange, where their shares are listed.

*Owner of Unirea Shopping Center, forced executed by AVAS (Authority for State Assets Recovery) - in Ziarul Financiar
*Head of Hidroelectrica, in conflict with the Fondul Proprietatea administrator - in Ziarul Financiar
*CFR: 41 km of railways with EUR 280 million - in Ziarul Financiar
*Google starts hiring in Romania - in Ziarul Financiar

The Romanian subsidiary of the Royal Bank of Scotland (RBS) posted a profit of EUR 23.3 million in the first nine months of the year and hopes to reach EUR 30.3 million in profit by the end of the year, according to Johan Patrick Gabriels, the RBS Romania president.

The American Chamber of Commerce in Romania, which has submitted around 34 papers to the Romanian authorities this year, proposing changes in various business fields, has seen the authorities using its proposals above its initial expectations. AmCham's proposals have been used in the renewable energy field, as well as on taxation and on workforce, according to Anca Harasim, executive director of AmCham.