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Romania - Media Review - November 4

Nov 4, 2009, 12:20:30 PMArticle by Sabina Kotova
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November 4 (SeeNews) - Following are some of the main stories in the online versions of Romanian media on Wednesday morning. SeeNews has not verified these reports and cannot vouch for their accuracy.

Romania - Media Review - November 4

MEDIAFAX

- Officials from the International Monetary Fund (IMF) will meet Romania’s premier Emil Boc later on Wednesday to discuss the country’s 2010 budget draft, sources said. Adopting the 2010 budget is among the conditions for Romania to receive its third IMF loan tranche.

- Opposition Social Democratic Party will ask on Wednesday for a parliament decision that will allow Romania’s interim government to propose a draft 2010 budget, the party’s vice-president Dan Nica said after talks with other opposition parties.

- German tour operators TUI will resume its operations in Romania next year. The country will be included in TUI catalogues and acknowledged as summer tourist destination for TUI's clients, Romania’s Tourism Minister Elena Udrea said.

ZIARUL FINANCIAR

- The International Finance Corporation, the World Bank's private sector lending arm, could become one of the largest shareholders of Romania’s Banca Transilvania, with a 3.52% stake, if it decides to convert into shares the bank's bonds worth $20 million (13.5 million euro). The five-year $25 million bond issue issud by the Romanian bank will mature in July 2010, the daily reported.

AGERPRES

- Romania's economy is expected to contract by less than 8.0% versus the government’s projection of a fall of 8.0%-8.5%, the central bank’s deputy governor, Cristian Popa said.

BUSINESS STANDARD
- Romanian businessman Ovidiu Tender, who controls the tender Energy Group (GET), has acquired a majority stake in local road contstruction and repair firm Eurostrade, Tender said. Eurostrade had a turnover of 19.4 million lei ($6.7 million/4.5 million euro) last year.

(1 euro = 4.2992 Romanian lei)

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