Pharma company Help Net Farma posted a turnover of EUR 40 million in the first half of the year, the company has announced. Its profit margin stood at 4 percent.

The Finance Ministry will organize a bid for treasury certificates worth around EUR 188 million (RON 800 million). This comes after the Finance Ministry rejected all the offers placed for the benchmark bonds last week, worth a total of EUR 70.7 million.

Real estate investment fund New Europe Property Investments (NEPI) is in discussions for the acquisition of a small logistics facility in Bucharest, while having reached an agreement in relation to the development of a shopping centre in Bucharest.

Slovenian pharmaceutical producer Krka has obtained one of the highest sales increases in Romania in the first six months of the year, compared to other markets where the group operates. The company posted EUR 19.9 million, up 30 percent compared to the same period of last year.

Romania's trade deficit went up to EUR 4.7 billion at the end of June, with EUR 25.4 million above the level in the first six months of 2009. Exports grew by 25.8 percent, while imports, by 19.3 percent, according to the National Statistics Institute (INS).

Insurance company Groupama Asigurari saw its gross subscribed premiums down 9 percent in the first six months of the year, to EUR 96 million, the company has announced.

Insurance company Allianz-Ţiriac posted an operational profit of EUR 2 million in the first six months of the year, similarly to the first six months of last year. The insurer's gross subscribed premiums have decreased by 20 percent on general insurances, to EUR 119 million. Life insurance subscribed premiums have stagnated to EUR 12 million.

The European Bank for Reconstruction and Development (EBRD) has offered a USD 180 million syndicated refinancing package to aluminium producer Alro. The EBRD loan will refinance Alro’s existing debt, consolidating and restructuring it on a longer term basis

This series of books explores the practice of thentieth-century Communism. Was the collapse inevitable? What actually happened in different parts of the world? And is there anything from that experience that can or should be rehabilitated? Why have so many heaven-stormers become submissive and gone over to the camp of reaction? With capitalism mired in a deep crisis, these questions become relevant once again.

calendar of events, August 9 - August 12

The Anonimul Film Festival starts this Monday, August 9 in Sfantu Gheorghe, in the Danube Delta

Car traffic will be restricted to three lanes on the Constantin Prezan boulevard, between Charles de Gaulle Square and Arcul de Triumf starting Monday, August 9, until mid-September. Road repairing will restrict traffic to three lanes- two will be available for traffic from Charles de Gaulle to Arcul de Triumf and only one lane from Arcul de Triumf to Charles de Gaulle.