Romanian investment fund Fondul Proprietatea will pay out a gross dividend of 0.816 lei a share for the 2008 and 2009 profits, according to a shareholders’ decision on Monday. The fund will start paying the dividends, which sum up around EUR 260 million, as of October 11.

Romania needs to pay loans by getting new loans – in Ziarul Financiar, Murfatlar opens several hundreds of its own wine cellars – in Ziarul Financiar, Tiriac puts apartments in Stejarii residential project up for rent – in Ziarul Financiar, Colliers: The number of empty apartments in residential compounds, up 50% – in Ziarul Financiar, Blue Air had EUR 79 million debt in 2009, half of its turnover – in Ziarul Financiar, Fondul Proprietatea stock exchange listing approved – in Gandul

I had found out about the lake dwellings near Bucharest by accident, while browsing through a biking magazine. The idea to go there came immediately. I was attracted by the mysticism of medieval style dwellings and of the legendary background of the Vlasiei Forest. The fact it was so close to Bucharest was even more motivating.

By Anca Berger

The “Monteoru Renaissance” association, headquartered in Sarata Monteoru, has started a campaign aiming at promoting and relaunching tourism in the area of Buzau Mountains and Dealu Mare Region. The main activity will focus on the village and spa facilities of Sarata Monteoru.

Fondul Proprietatea could be listed on the London Stock Exchange by the end of next year, according to Mark Mobius, president of Franklin Templeton, the company which manages the Proprietatea Fund.

Bonuses paid by employers in Romania to their employees for Christmas, Easter or International Women’s Day (March 8), which exceed 150 lei will be counted for the purposes of social security contributions, according to a draft Government Ordinance.

Investment management firm Franklin Templeton has officially taken over the management of Proprietatea fund, after the fund's shareholders vote earlier today, according to Ziarul Financiar.

Romania may receive a EUR 360 million tranche from the World Bank by the end of October, the bank’s country manager, Francois Rantrua (in picture) said, quoted by Bloomberg.

The Dobrogea Water administration is offering for lease several lakes in Constanta, as well as water surfaces on the Danube and on the Black Sea. Winners of the bid will be able to build wind farms there or organize water shows. Techirghiol, Tabacarie and Mangalia are among the lakes up for bid. Based on demand, water areas on the Danube and on the Black Sea could also be rented out.

The Bershka store in Unirea Shopping Center will open today following an investment of EUR 3.5 million. The store, which covers more than 1,100 sqm on two floors, is located in an area which used to host more 20 smaller stores. These tenants have been moved to other areas in Unirea Shopping Center.

Romanian investment fund Fondul Proprietatea will pay out a gross dividend of 0.816 lei a share for the 2008 and 2009 profits, according to a shareholders’ decision on Monday. The fund will start paying the dividends, which sum up around EUR 260 million, as of October 11.

Romania needs to pay loans by getting new loans – in Ziarul Financiar, Murfatlar opens several hundreds of its own wine cellars – in Ziarul Financiar, Tiriac puts apartments in Stejarii residential project up for rent – in Ziarul Financiar, Colliers: The number of empty apartments in residential compounds, up 50% – in Ziarul Financiar, Blue Air had EUR 79 million debt in 2009, half of its turnover – in Ziarul Financiar, Fondul Proprietatea stock exchange listing approved – in Gandul

I had found out about the lake dwellings near Bucharest by accident, while browsing through a biking magazine. The idea to go there came immediately. I was attracted by the mysticism of medieval style dwellings and of the legendary background of the Vlasiei Forest. The fact it was so close to Bucharest was even more motivating.

By Anca Berger

The “Monteoru Renaissance” association, headquartered in Sarata Monteoru, has started a campaign aiming at promoting and relaunching tourism in the area of Buzau Mountains and Dealu Mare Region. The main activity will focus on the village and spa facilities of Sarata Monteoru.

Fondul Proprietatea could be listed on the London Stock Exchange by the end of next year, according to Mark Mobius, president of Franklin Templeton, the company which manages the Proprietatea Fund.

Bonuses paid by employers in Romania to their employees for Christmas, Easter or International Women’s Day (March 8), which exceed 150 lei will be counted for the purposes of social security contributions, according to a draft Government Ordinance.

Investment management firm Franklin Templeton has officially taken over the management of Proprietatea fund, after the fund's shareholders vote earlier today, according to Ziarul Financiar.

Romania may receive a EUR 360 million tranche from the World Bank by the end of October, the bank’s country manager, Francois Rantrua (in picture) said, quoted by Bloomberg.

The Dobrogea Water administration is offering for lease several lakes in Constanta, as well as water surfaces on the Danube and on the Black Sea. Winners of the bid will be able to build wind farms there or organize water shows. Techirghiol, Tabacarie and Mangalia are among the lakes up for bid. Based on demand, water areas on the Danube and on the Black Sea could also be rented out.

The Bershka store in Unirea Shopping Center will open today following an investment of EUR 3.5 million. The store, which covers more than 1,100 sqm on two floors, is located in an area which used to host more 20 smaller stores. These tenants have been moved to other areas in Unirea Shopping Center.