Modern retail-hypermarkets, supermarkets, cash&carry and discount stores-accounted for over 50 percent of Romania's total retail market this year, exceeding traditional commerce, according to Competition Council official Valentin Mircea.

The Romanian Government approved the 2011 state budget in a Cabinet meeting late Monday and the bill will be forwarded to the Parliament, according to Mediafax newswire.

Child-rearing aid in Romania will be provided for one year as of 2011, down from the present two years, but in the same amount, a change that will not apply to current beneficiaries, Prime Minister Emil Boc announced Monday evening.

Forza Rossa, the Ferrari dealer in Romania, has already sold the planned stock for 2010 and for some models, has even reached the sales threshold set for next year, according to Camelia Bazac, the company's delegated administrator, quoted by Romanian media.

Fast food restaurant operator McDonald's Romania has opened the first McCafe unit in the country, following a EUR 120,000 investment. The coffee shop is located in Unirea Shopping Center in Bucharest, where McDonald's has been running a restaurant for the last 15 years.

*After six years of mandate, president offers no support for Romanian capital abroad, either investments or export – in Ziarul Financiar
*Fiscal council: the 2011 budget was built based on unknown laws – in Ziarul Financiar
*Enel has green energy for 35,000 houses – in Ziarul Financiar
*EUR 4 million clinic in Unirea store – in Ziarul Financiar

The InterAgro group of companies, owned by Romanian businessman Ioan Niculae (in picture), expects a EUR 1 billion turnover this year, up from EUR 720 million in 2009. The result will be however lower than the EUR 1.2 billion posted in 2008, according to Ioan Niculae.

Romanian lender Banca Transilvania has opened the second branch in Cyprus, the Limassol agency. The bank entered the Cyprus market in 2007, when it opened the first subsidiary in Nicosia. It targeted the Romanian community in Cyprus, around 40,000 people who work there.

Italian company Enel Green Power (EGP) has started the 34 MW wind farm in Romania, in Agighiol, Tulcea county in the Dobrogea area. The Agighiol plant, EGP's first wind farm in Romania, will produce about 100 million kilowatt hours of power a year, enough to meet demand of more than 35,000 households and cut carbon dioxide (CO2) emissions by 70,000 tonnes a year.

Bostina & Asociatii law firm is the state's legal adviser on the sale of 9.84 percent in OMV – Petrom. The share stake will be sold on the Bucharest Stock Market and, once completed, it could be the largest privatization done on the stock exchange so far.

Modern retail-hypermarkets, supermarkets, cash&carry and discount stores-accounted for over 50 percent of Romania's total retail market this year, exceeding traditional commerce, according to Competition Council official Valentin Mircea.

The Romanian Government approved the 2011 state budget in a Cabinet meeting late Monday and the bill will be forwarded to the Parliament, according to Mediafax newswire.

Child-rearing aid in Romania will be provided for one year as of 2011, down from the present two years, but in the same amount, a change that will not apply to current beneficiaries, Prime Minister Emil Boc announced Monday evening.

Forza Rossa, the Ferrari dealer in Romania, has already sold the planned stock for 2010 and for some models, has even reached the sales threshold set for next year, according to Camelia Bazac, the company's delegated administrator, quoted by Romanian media.

Fast food restaurant operator McDonald's Romania has opened the first McCafe unit in the country, following a EUR 120,000 investment. The coffee shop is located in Unirea Shopping Center in Bucharest, where McDonald's has been running a restaurant for the last 15 years.

*After six years of mandate, president offers no support for Romanian capital abroad, either investments or export – in Ziarul Financiar
*Fiscal council: the 2011 budget was built based on unknown laws – in Ziarul Financiar
*Enel has green energy for 35,000 houses – in Ziarul Financiar
*EUR 4 million clinic in Unirea store – in Ziarul Financiar

The InterAgro group of companies, owned by Romanian businessman Ioan Niculae (in picture), expects a EUR 1 billion turnover this year, up from EUR 720 million in 2009. The result will be however lower than the EUR 1.2 billion posted in 2008, according to Ioan Niculae.

Romanian lender Banca Transilvania has opened the second branch in Cyprus, the Limassol agency. The bank entered the Cyprus market in 2007, when it opened the first subsidiary in Nicosia. It targeted the Romanian community in Cyprus, around 40,000 people who work there.

Italian company Enel Green Power (EGP) has started the 34 MW wind farm in Romania, in Agighiol, Tulcea county in the Dobrogea area. The Agighiol plant, EGP's first wind farm in Romania, will produce about 100 million kilowatt hours of power a year, enough to meet demand of more than 35,000 households and cut carbon dioxide (CO2) emissions by 70,000 tonnes a year.

Bostina & Asociatii law firm is the state's legal adviser on the sale of 9.84 percent in OMV – Petrom. The share stake will be sold on the Bucharest Stock Market and, once completed, it could be the largest privatization done on the stock exchange so far.