Banks give out loans to local authorities at 13% interest rate – in Ziarul Financiar, TV sales grow by 10 percent in Q2 – in Ziarul Financiar, The new ANI law- all the MP's wealth, made public again – in Ziarul Financiar, Cernavoda- Constanta highway and Bucharest – Constanta railway, ready next year – on Wall-street.ro

Works on the second stage of the China Town Romania real estate project, which should reach a value of EUR 50 million, will start on August 17. This phase of works should be finalized in 2013, according to the Chinese- Romanian Chamber of Commerce.

The net assets of the nine privately managed pensions funds in Romania reached EUR 835 million in July this year, which is a 49.2 percent increase compared to December 2009, according to the Private Pensions System Surveillance Commission. The value of private pension funds assets has increased two-fold compared to June 2009.

Telecom operator Orange will launch a pre-paid card for Internet access tomorrow, with prices starting EUR 5, the company has announced. The announcement comes soon after its competitors, Vodafone and Comoste, had already launched such services.

Romania's inflation rate was the highest in the European Union in July this year, compared to the same month of last year, going up from the third place in June. The country's inflation rate was of 7.1 percent, while the average inflation in the EU was of 2.1 percent. Romania's inflation rate was of 4.3 percent in June, while the average in the EU was of 1.9 percent then.

Several Romanian ministries and the World Bank are undertaking a Functional Review of their activity to identify actions that would improve the quality and cost-effectiveness of public services in the country, the World Bank has announced

Insurance company Ardaf posted a volume of gross subscribed premiums of EUR 33.2 million (RON 141.1 million) in the first half of the year, which was down 13.5 percent on the same period of last year. However, the company managed to post a profit of EUR 2.1 million (RON 9 million).

Family Frost, a vending vans retail company which had entered the local market in 2008, announced its exit from Romania due to lower than expected sales, according to Romanian newspaper Ziarul Financiar, quoting company representatives.

The Romanian technical consumer goods market has slowed down its decrease in the second quarter of the year, with sales only 15 percent lower compared to the same period of last year, found a monitoring by GfK. However, the value of this market segment was slightly lower compared to the first quarter and the negative tendency could continue, if we take into account the VAT increase from July 1st.

Romanian Railways (CFR) Calatori employees will enter a period of 60 days of technical unemployment, a period during which they will receive 75 percent of their basic salary, the company has announced. The measure will be applied to all of CFR Calatori's employees, 15,000 people, including management, who will take turns in staying at home for 60 days until the end of the year.

Banks give out loans to local authorities at 13% interest rate – in Ziarul Financiar, TV sales grow by 10 percent in Q2 – in Ziarul Financiar, The new ANI law- all the MP's wealth, made public again – in Ziarul Financiar, Cernavoda- Constanta highway and Bucharest – Constanta railway, ready next year – on Wall-street.ro

Works on the second stage of the China Town Romania real estate project, which should reach a value of EUR 50 million, will start on August 17. This phase of works should be finalized in 2013, according to the Chinese- Romanian Chamber of Commerce.

The net assets of the nine privately managed pensions funds in Romania reached EUR 835 million in July this year, which is a 49.2 percent increase compared to December 2009, according to the Private Pensions System Surveillance Commission. The value of private pension funds assets has increased two-fold compared to June 2009.

Telecom operator Orange will launch a pre-paid card for Internet access tomorrow, with prices starting EUR 5, the company has announced. The announcement comes soon after its competitors, Vodafone and Comoste, had already launched such services.

Romania's inflation rate was the highest in the European Union in July this year, compared to the same month of last year, going up from the third place in June. The country's inflation rate was of 7.1 percent, while the average inflation in the EU was of 2.1 percent. Romania's inflation rate was of 4.3 percent in June, while the average in the EU was of 1.9 percent then.

Several Romanian ministries and the World Bank are undertaking a Functional Review of their activity to identify actions that would improve the quality and cost-effectiveness of public services in the country, the World Bank has announced

Insurance company Ardaf posted a volume of gross subscribed premiums of EUR 33.2 million (RON 141.1 million) in the first half of the year, which was down 13.5 percent on the same period of last year. However, the company managed to post a profit of EUR 2.1 million (RON 9 million).

Family Frost, a vending vans retail company which had entered the local market in 2008, announced its exit from Romania due to lower than expected sales, according to Romanian newspaper Ziarul Financiar, quoting company representatives.

The Romanian technical consumer goods market has slowed down its decrease in the second quarter of the year, with sales only 15 percent lower compared to the same period of last year, found a monitoring by GfK. However, the value of this market segment was slightly lower compared to the first quarter and the negative tendency could continue, if we take into account the VAT increase from July 1st.

Romanian Railways (CFR) Calatori employees will enter a period of 60 days of technical unemployment, a period during which they will receive 75 percent of their basic salary, the company has announced. The measure will be applied to all of CFR Calatori's employees, 15,000 people, including management, who will take turns in staying at home for 60 days until the end of the year.