The Romanian opposition’s no-confidence motion over the wage law for 2011, which was debated in Parliament Monday, was rejected as the motion got only 190 votes in favor and one vote against and needed 236 votes to pass.

Motoractive, Ralfi and Domenia Credit non-banking financial institutions will re-brand following the takeover by Turkish group Garanti. The three brands, which have previously run under the GE Money brand, will become, together with Garanti Bank, part of the Garanti Group in Romania.

Fast-food operator Burger King has opened its ninth restaurant in Romania, on the premises of the former Everest fast food unit in Romana Square in Bucharest. The new restaurant is located between competitors McDonald's and KFC.

Pharmaceutical company A&D Pharma, which has been listed on the main market of the London Stock Exchange since 2006 (symbol ADPH), plans to delist its shares from the stock exchange from February next year, pending on the shareholders' decision.

CEZ Group has recently signed for a EUR 200 million loan from the European Investment Bank (EIB) to co-finance the construction of Fantanele Wind Park project in Romania, with installed capacity of 347.5 MW. The maturity of the loan will be 17 years, according to CEZ.

Grup Feroviar Român (GFR) has won the bid to take over Rompetrol's railway transport activities, including the 350 employees who work for Rompetrol Logistics and the company's wagons and railway engines.

Romanian unionists and employers have signed the national collective work contract which sets the minimum wage in the private sector at RON 700 (around EUR 163) and increases wages of qualified workers and foremen.

GE Money, the financial services division of General Electric will sell its participations in the leasing, consumer finance and mortgage business in Romania to Turkish Garanti. The deal will be made through the sale of the 30 percent participation in GE Garanti Bank and of similar share packages in Motoractive, Ralfi and Domenia.

Low cost airline Wizz Air has flown over 2 million passengers in and out of Romania between December 2009 and November this year, which was 33.9 percent higher than the previous year. In total, the company had 9.5 million passengers in the last 12 months.

Mio Technology, which produces GPS devices, expects to sell 2,000 such devices in Romania in December alone and reach 25,000 units sold for the entire 2010. “December is very important for the annual evolution of the local GPS market and implicitly to Mio Technology's sales. We already have positive signals from the market […].

Romania has reversed its image as an economic “mediocre student” after the government weathered no- confidence votes and protests to adhere to International Monetary Fund demands for spending and job cuts, said the IMF’s mission chief to the Balkan country, Jefrey Franks, quoted in a Bloomberg article.

Romania’s Parliament will debate on Monday, December 20, the opposition’s no-confidence motion submitted over the 2011 salary law for which the Government sought a confidence vote Tuesday. The motion was read out in Parliament on Thursday.