Wilfried Lebas, who has been running the Romanian subsidiary of French Lactalis, the LaDorna company, has left his position and will be replaced by Romanian Dorel Radu, according to Romania media quoting the Official Gazette.

Romania’s trade deficit narrowed to EUR6.9 billion in January to September, from EUR 7.1 billion in the year-earlier period, as exports rose more rapidly than imports, according to the country’s statistics institute INS. Exports rose 26.5 percent on the year to EUR 26.8 billion, while imports were up 18.9 percent to EUR 33.7 billion.

The New York Times has recently featured a travel article about Bucharest, seen through the eyes of a traveler who had been to the city in the early 90s and who now finds a changed Bucharest. The article was included in the section Eurofile and was signed by Alexander Lobrano.

Intercapital Invest brokerage company launched the Initial Public Offering (IPO) for the closed-end investment fund iFond Gold, which will invest in shares of mining companies listed on foreign stock markets. The fund aims to invest 40 percent of its resources in Gabriel Resources shares, which runs the Rosia Montana gold mining project, as well as in European Goldfields, which runs the Certej gold mining project in Apuseni mountains in Romania.

Vienna Insurance Group (VIG) posted subscribed premiums of EUR 396.6 million in the first nine months of the year, down 13 percent on the same period last year. However, the insurer managed to grow its pre-tax profit by 56 percent, to EUR 25.9 million.

Telecom company Vodafone Romania posted EUR 425.7 million in revenues between April and September this year, down 12.4 percent on the same period last month. Its profit before taxes (EBITDA) was of EUR 177.1 million, covering around 41 percent of the revenues.

*Foreign investments stopped at EUR 50 billion in 2009. Here come only the peanuts – in Ziarul Financiar
*Industrial production shows signs of fatigue. Constructions stay in the negative zone – in Ziarul Financiar
*The restructuring lie: best paid state employees earn over EUR 1,200 a month – in Ziarul Financiar
*Cable companies' businesses dropped to EUR 623 million last year – in Ziarul Financiar
*Romania exports EUR 340 million of wheat – in Ziarul Financiar
*Only 3 percent of CEOs see the end of crisis happening this year – in Gandul

Intel will invest several millions of euros into a software development center which will be located in Romania and which will initially hire a staff of 25, mainly focusing on the development of the MeeGo open-source platform. Intel Romania Software Development Center will initially work on the MeeGo platform, a joint project of The Linux Foundation, supported by Intel and Nokia.

A team of European Commission experts will visit Bucharest next week to evaluate the country's progress in seven main areas, the EC president Jose Manuel Barroso has said. The country's main objective should remain the enforcement of structural funds and fiscal consolidation, said Barroso.

Tango aficionados will be able to enjoy a new show by the Argentinian Tango Passion dance company, on November 16 at Sala Palatului, from 19,00 hours. The show became famous in Romania in 2002, when it was featured within the JTI Meetings series of events.

Wilfried Lebas, who has been running the Romanian subsidiary of French Lactalis, the LaDorna company, has left his position and will be replaced by Romanian Dorel Radu, according to Romania media quoting the Official Gazette.

Romania’s trade deficit narrowed to EUR6.9 billion in January to September, from EUR 7.1 billion in the year-earlier period, as exports rose more rapidly than imports, according to the country’s statistics institute INS. Exports rose 26.5 percent on the year to EUR 26.8 billion, while imports were up 18.9 percent to EUR 33.7 billion.

The New York Times has recently featured a travel article about Bucharest, seen through the eyes of a traveler who had been to the city in the early 90s and who now finds a changed Bucharest. The article was included in the section Eurofile and was signed by Alexander Lobrano.

Intercapital Invest brokerage company launched the Initial Public Offering (IPO) for the closed-end investment fund iFond Gold, which will invest in shares of mining companies listed on foreign stock markets. The fund aims to invest 40 percent of its resources in Gabriel Resources shares, which runs the Rosia Montana gold mining project, as well as in European Goldfields, which runs the Certej gold mining project in Apuseni mountains in Romania.

Vienna Insurance Group (VIG) posted subscribed premiums of EUR 396.6 million in the first nine months of the year, down 13 percent on the same period last year. However, the insurer managed to grow its pre-tax profit by 56 percent, to EUR 25.9 million.

Telecom company Vodafone Romania posted EUR 425.7 million in revenues between April and September this year, down 12.4 percent on the same period last month. Its profit before taxes (EBITDA) was of EUR 177.1 million, covering around 41 percent of the revenues.

*Foreign investments stopped at EUR 50 billion in 2009. Here come only the peanuts – in Ziarul Financiar
*Industrial production shows signs of fatigue. Constructions stay in the negative zone – in Ziarul Financiar
*The restructuring lie: best paid state employees earn over EUR 1,200 a month – in Ziarul Financiar
*Cable companies' businesses dropped to EUR 623 million last year – in Ziarul Financiar
*Romania exports EUR 340 million of wheat – in Ziarul Financiar
*Only 3 percent of CEOs see the end of crisis happening this year – in Gandul

Intel will invest several millions of euros into a software development center which will be located in Romania and which will initially hire a staff of 25, mainly focusing on the development of the MeeGo open-source platform. Intel Romania Software Development Center will initially work on the MeeGo platform, a joint project of The Linux Foundation, supported by Intel and Nokia.

A team of European Commission experts will visit Bucharest next week to evaluate the country's progress in seven main areas, the EC president Jose Manuel Barroso has said. The country's main objective should remain the enforcement of structural funds and fiscal consolidation, said Barroso.

Tango aficionados will be able to enjoy a new show by the Argentinian Tango Passion dance company, on November 16 at Sala Palatului, from 19,00 hours. The show became famous in Romania in 2002, when it was featured within the JTI Meetings series of events.