Local firm Shopping Center Holding, which has taken over the formerly known Tiago Mall Oradea in a deal estimated at EUR 30.5 million, will build the 30,000 sqm Oradea Shopping City on the premises, the firm has announced.

Polish consultancy firm Accreo, which specializes in obtaining European funds, state aid and in business consultancy, is working on EUR 50 million of projects through its recently – opened Romanian subsidiary, the company has announced.

*Bankers try to change the Government Ordinance 50 to avoid lawsuits with unhappy customers – in Ziarul Financiar
*Richest 500 Romanians have a wealth of EUR 28 billion Dinu Patriciu, Frank Timis and Ioan Niculae on the podium – in Ziarul Financiar
*BNR will keep interest rate at 6.25%this year, analysts believe – in Ziarul Financiar
*CEC Bank has 150 forced executed houses and land plots – in Ziarul Financiar
*Notaries drop tariffs by as much as 90% for sale contracts, refinancing and inheritances – in Gandul

Romanian investor Dinu Patriciuis still the richest man in Romania, with an estimated wealth of around EUR 2.3 billion, according to the recently – released Forbes TOP 500 Romanian billionaires. Patriciu also owns the media group which runs the Forbes magazine in Romania.

Hidroelectrica will invest EUR 110 million in modernizing its systems in Bicaz – Stejaru, hoping to sign an agreement to cover the required financing by the end of the year, while also starting the revamping works.

Heating and hot water products company Ariston Thermo Romania hopes to reach EUR 33 million in turnover for 2010, almost double the turnover it posted last year, the company has announced.

CB Richard Ellis Romania intermediated office lease contracts of around EUR 26 million in the first half of the year, with the total leased area reaching 28,600 sqm.

The New York state Governor takes into account the opening of an investments office in Romania, similarly to the one the New York state had opened in Turkey. David A. Paterson, the New York state governor, told Romanian Prime Minister Emil Boc, who was on a visit to the US, that he was considering opening a NY investments office in Romania.

*Duster orders double. Romanians queue up to get the car – in Ziarul Financiar
*President accuses Police of undermining state authority – in Ziarul Financiar
*IMF approves another EUR 900 million but state pledge on debt remains uncovered – in Ziarul Financiar
*90% of the telecom market stays in the hands of five companies – in Ziarul Financiar
*Tarom tries to shake off the old brand label with EUR 500,000 – in Ziarul Financiar

The International Monetary Fund Friday approved the disbursement of around EUR 900 million to Romania, following a new review of the country's performance under a EUR13 billion standby agreement.

Local firm Shopping Center Holding, which has taken over the formerly known Tiago Mall Oradea in a deal estimated at EUR 30.5 million, will build the 30,000 sqm Oradea Shopping City on the premises, the firm has announced.

Polish consultancy firm Accreo, which specializes in obtaining European funds, state aid and in business consultancy, is working on EUR 50 million of projects through its recently – opened Romanian subsidiary, the company has announced.

*Bankers try to change the Government Ordinance 50 to avoid lawsuits with unhappy customers – in Ziarul Financiar
*Richest 500 Romanians have a wealth of EUR 28 billion Dinu Patriciu, Frank Timis and Ioan Niculae on the podium – in Ziarul Financiar
*BNR will keep interest rate at 6.25%this year, analysts believe – in Ziarul Financiar
*CEC Bank has 150 forced executed houses and land plots – in Ziarul Financiar
*Notaries drop tariffs by as much as 90% for sale contracts, refinancing and inheritances – in Gandul

Romanian investor Dinu Patriciuis still the richest man in Romania, with an estimated wealth of around EUR 2.3 billion, according to the recently – released Forbes TOP 500 Romanian billionaires. Patriciu also owns the media group which runs the Forbes magazine in Romania.

Hidroelectrica will invest EUR 110 million in modernizing its systems in Bicaz – Stejaru, hoping to sign an agreement to cover the required financing by the end of the year, while also starting the revamping works.

Heating and hot water products company Ariston Thermo Romania hopes to reach EUR 33 million in turnover for 2010, almost double the turnover it posted last year, the company has announced.

CB Richard Ellis Romania intermediated office lease contracts of around EUR 26 million in the first half of the year, with the total leased area reaching 28,600 sqm.

The New York state Governor takes into account the opening of an investments office in Romania, similarly to the one the New York state had opened in Turkey. David A. Paterson, the New York state governor, told Romanian Prime Minister Emil Boc, who was on a visit to the US, that he was considering opening a NY investments office in Romania.

*Duster orders double. Romanians queue up to get the car – in Ziarul Financiar
*President accuses Police of undermining state authority – in Ziarul Financiar
*IMF approves another EUR 900 million but state pledge on debt remains uncovered – in Ziarul Financiar
*90% of the telecom market stays in the hands of five companies – in Ziarul Financiar
*Tarom tries to shake off the old brand label with EUR 500,000 – in Ziarul Financiar

The International Monetary Fund Friday approved the disbursement of around EUR 900 million to Romania, following a new review of the country's performance under a EUR13 billion standby agreement.