State-owned energy transport company Transelectrica will invest around EUR 250 million in the next five to six years in Dobrogea to build eight transformation power stations and the electrical lines which will connect wind farms to the national power grid, a total capacity of 4,000 MW.

Romania ranks fifth in Central Europe, with 33 companies among the first 500 in the region, according to a top recently published by Deloitte. The top, carried out by Deloitte in 18 countries every year, is now at its 4th edition and ranks companies by revenues from sales reported for the previous year.

Online retailer eMAG has opened a 300 sqm showroom in Constanta, the biggest in its chain outside Bucharest so far and expects the showroom to bring revenues of EUR 1 million this year and EUR 3.5 million next year, according to Iulian Stanciu, director of eMAG.ro. This is the company's second largest showroom, after the one in Bucharest.

RBS Romania will move its headquarters to a 8,700 sqm space in Lake View office building on Barbu Vacarescu boulevard at the beginning of November. The bank will occupy the ground floor of the building, where it will have a branch, as well as the first three floors of the office building, according to its representatives

*ButanGas invests EUR 44 million in wind projects – in Ziarul Financiar
*Hidroelectrica has a EUR 3 billion investment plan for 5-7 years – in Ziarul Financiar
*Owner of Zara brings construction company to Romania – in Ziarul Financiar
*Mobius about energy giants: If they do not generate added value, we're not interested in them – in Ziarul Financiar
*Romanian Brewers: Crisis and rain trigger 10% beer sales drop in H1 – in Ziarul Financiar

The Swiss franc – Romanian leu exchange rate reached a peak of RON 3.35 per franc on Wednesday, after the Swiss currency has continuously appreciated throughout the year. The Romanian currency depreciated by 18 percent against the Swiss franc compared to January this year.

The Romanian Senate has OKed the new law on consumer credit contracts, which removes the early repayment fee for loans with floating interest rate. The ordinance transposes a a European Directive in Romanian legislation.

Romanian beer sales dropped by 11 percent in the first half of the year, compared to the same interval in 2009, to about eight million hectoliters, accordin

'I have noticed that as far as the rise in the VAT is concerned, VAT tax collection in the first month of its implementation was 25 percent higher than in the months before. This could be a positive signal, but we have to wait and see how things evolve.

The Swiss Federal Council will offer a EUR 140 million financing for Romania, with the targeted areas including the development of the business climate, the reform of the judicial system, the Eastern border security, education and social inclusion. The two countries have recently signed an agreement for a Swiss-Romanian Cooperation Programme on narrowing the economic and social disparities within the European Union.

State-owned energy transport company Transelectrica will invest around EUR 250 million in the next five to six years in Dobrogea to build eight transformation power stations and the electrical lines which will connect wind farms to the national power grid, a total capacity of 4,000 MW.

Romania ranks fifth in Central Europe, with 33 companies among the first 500 in the region, according to a top recently published by Deloitte. The top, carried out by Deloitte in 18 countries every year, is now at its 4th edition and ranks companies by revenues from sales reported for the previous year.

Online retailer eMAG has opened a 300 sqm showroom in Constanta, the biggest in its chain outside Bucharest so far and expects the showroom to bring revenues of EUR 1 million this year and EUR 3.5 million next year, according to Iulian Stanciu, director of eMAG.ro. This is the company's second largest showroom, after the one in Bucharest.

RBS Romania will move its headquarters to a 8,700 sqm space in Lake View office building on Barbu Vacarescu boulevard at the beginning of November. The bank will occupy the ground floor of the building, where it will have a branch, as well as the first three floors of the office building, according to its representatives

*ButanGas invests EUR 44 million in wind projects – in Ziarul Financiar
*Hidroelectrica has a EUR 3 billion investment plan for 5-7 years – in Ziarul Financiar
*Owner of Zara brings construction company to Romania – in Ziarul Financiar
*Mobius about energy giants: If they do not generate added value, we're not interested in them – in Ziarul Financiar
*Romanian Brewers: Crisis and rain trigger 10% beer sales drop in H1 – in Ziarul Financiar

The Swiss franc – Romanian leu exchange rate reached a peak of RON 3.35 per franc on Wednesday, after the Swiss currency has continuously appreciated throughout the year. The Romanian currency depreciated by 18 percent against the Swiss franc compared to January this year.

The Romanian Senate has OKed the new law on consumer credit contracts, which removes the early repayment fee for loans with floating interest rate. The ordinance transposes a a European Directive in Romanian legislation.

Romanian beer sales dropped by 11 percent in the first half of the year, compared to the same interval in 2009, to about eight million hectoliters, accordin

'I have noticed that as far as the rise in the VAT is concerned, VAT tax collection in the first month of its implementation was 25 percent higher than in the months before. This could be a positive signal, but we have to wait and see how things evolve.

The Swiss Federal Council will offer a EUR 140 million financing for Romania, with the targeted areas including the development of the business climate, the reform of the judicial system, the Eastern border security, education and social inclusion. The two countries have recently signed an agreement for a Swiss-Romanian Cooperation Programme on narrowing the economic and social disparities within the European Union.