Franklin Templeton Investment Management Limited, the investment manager of Fondul Proprietatea says the fund will go to court against the recent Romgaz decision to donate EUR 93 million to the state budget. Romgaz's shareholders decided on their November 30 meeting to make the donation to the state, which is the main shareholder in the gas company.

Romania's national day - December 1- will be celebrated in capital city Bucharest only in some districts of the city, which are still on a party budget this year. Street celebrations with food and boiled 'tuica' will be organized only in districts 2 and 6. The other district city halls said they lack funding for such events this year.

Telecom company RCS &RDS will put EUR 10 million in Zece TV, a generalist TV station which will be launched on December 10 and will be broadcasted to all of the company's cable and satellite TV customers. The telecom company hopes it will attract more subscribers to its services, in a battle with competitors Romtelecom and UPC Romania.

*The first economy revival signs emerge. The question is, how solid are they? - in Ziarul Financiar
*Isarescu: we have reduced the interest rate, but banks have not - in Ziarul Financiar
*Oprescu expects Lia Manoliu stadium and Basarab passage in 2011 but doesn't announce any other major projects - in Ziarul Financiar
*Romania got less than 2% of the allotted EU funds. The remainder needs to be used in the next three years - in Ziarul Financiar

Hotel group Rezidor has taken over the management of the 295-apartment complex Centre Ville in Bucharest, which is owned by Bucuresti Turism. The hotel group also manages the adjoining five-star Radisson Blu hotel, owned by the same Bucuresti Turism.

Swedish MoSync, a company which produces open source development tools for mobile phone, has started recruiting local staff for its Cluj – Napoca-based development office, which is expected to reach a team of ten in the coming year. The company has advertised positions like software engineer and project manager.

Oil and gas company OMV Petrom will inaugurate its new headquarters, Petrom City, in Straulesti area of Bucharest on Thursday, December 2. The office complex required an investment of EUR 130 million and will host Petrom's 2,500 employees from the Bucharest and Ploiesti headquarters, who are expected to gradually move in until spring next year.

December 1st - the Great Union Day - is Romania's national day, a public holiday, so on the practical side, expect most of public institutions and even private ones to be closed, while traffic in Bucharest to be diverted in certain areas due to the military parade which will be organized in the city.

The Bucharest Stock Exchange (BVB) plans to introduce Real Estate Investment Trusts (REITs) on trade on its regulated market, as a result of the development of investment funds which place money in real estate properties. The BVB is yet to announce the calendar of this project.

Romanian Foreign Minister Teodor Baconschi has argued that a rapid solution has to be found to Libya's debt to Romania and said President Traian Basescu is expecting Libya's President Muammar Gaddafi in Bucharest.

Franklin Templeton Investment Management Limited, the investment manager of Fondul Proprietatea says the fund will go to court against the recent Romgaz decision to donate EUR 93 million to the state budget. Romgaz's shareholders decided on their November 30 meeting to make the donation to the state, which is the main shareholder in the gas company.

Romania's national day - December 1- will be celebrated in capital city Bucharest only in some districts of the city, which are still on a party budget this year. Street celebrations with food and boiled 'tuica' will be organized only in districts 2 and 6. The other district city halls said they lack funding for such events this year.

Telecom company RCS &RDS will put EUR 10 million in Zece TV, a generalist TV station which will be launched on December 10 and will be broadcasted to all of the company's cable and satellite TV customers. The telecom company hopes it will attract more subscribers to its services, in a battle with competitors Romtelecom and UPC Romania.

*The first economy revival signs emerge. The question is, how solid are they? - in Ziarul Financiar
*Isarescu: we have reduced the interest rate, but banks have not - in Ziarul Financiar
*Oprescu expects Lia Manoliu stadium and Basarab passage in 2011 but doesn't announce any other major projects - in Ziarul Financiar
*Romania got less than 2% of the allotted EU funds. The remainder needs to be used in the next three years - in Ziarul Financiar

Hotel group Rezidor has taken over the management of the 295-apartment complex Centre Ville in Bucharest, which is owned by Bucuresti Turism. The hotel group also manages the adjoining five-star Radisson Blu hotel, owned by the same Bucuresti Turism.

Swedish MoSync, a company which produces open source development tools for mobile phone, has started recruiting local staff for its Cluj – Napoca-based development office, which is expected to reach a team of ten in the coming year. The company has advertised positions like software engineer and project manager.

Oil and gas company OMV Petrom will inaugurate its new headquarters, Petrom City, in Straulesti area of Bucharest on Thursday, December 2. The office complex required an investment of EUR 130 million and will host Petrom's 2,500 employees from the Bucharest and Ploiesti headquarters, who are expected to gradually move in until spring next year.

December 1st - the Great Union Day - is Romania's national day, a public holiday, so on the practical side, expect most of public institutions and even private ones to be closed, while traffic in Bucharest to be diverted in certain areas due to the military parade which will be organized in the city.

The Bucharest Stock Exchange (BVB) plans to introduce Real Estate Investment Trusts (REITs) on trade on its regulated market, as a result of the development of investment funds which place money in real estate properties. The BVB is yet to announce the calendar of this project.

Romanian Foreign Minister Teodor Baconschi has argued that a rapid solution has to be found to Libya's debt to Romania and said President Traian Basescu is expecting Libya's President Muammar Gaddafi in Bucharest.