Romanian businessman Sorin Ovidiu Vantu is the third local media owner who has been detained for 24 hours, after Dinu Patriciu, the current owner of Adevarul Holding, and Dan Diaconescu, owner of OTV Tv station.

Romanian media owner Sorin Ovidiu Vantu (in picture) was arrested for 29 days, after being initially set to be detained for only 24 hours on Thursady, being accused in the case of Nicolae Popa, former head of bankrupt FNI's brokerage firm, who has fled the country. The trial where his 29-day arrest was decided was held late at night on Thursday.

The local subsidiary of the Royal Bank of Scotland (RBS) has reshuffled its administration council, which now includes four executive members- Johan Gabriels, the bank's CEO, Magdalena Manea, Robert Hadley and Robert Karreman, the bank's vice-presidents, as well as five non-executive members – Roxana Moldova, Adrian Manaicu, Phil McDuell, Jeroen Kremers and Gianni Piolini.

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

Romanian businessman Sorin Ovidiu Vantu is the third local media owner who has been detained for 24 hours, after Dinu Patriciu, the current owner of Adevarul Holding, and Dan Diaconescu, owner of OTV Tv station.

Romanian media owner Sorin Ovidiu Vantu (in picture) was arrested for 29 days, after being initially set to be detained for only 24 hours on Thursady, being accused in the case of Nicolae Popa, former head of bankrupt FNI's brokerage firm, who has fled the country. The trial where his 29-day arrest was decided was held late at night on Thursday.

The local subsidiary of the Royal Bank of Scotland (RBS) has reshuffled its administration council, which now includes four executive members- Johan Gabriels, the bank's CEO, Magdalena Manea, Robert Hadley and Robert Karreman, the bank's vice-presidents, as well as five non-executive members – Roxana Moldova, Adrian Manaicu, Phil McDuell, Jeroen Kremers and Gianni Piolini.

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