Rompetrol Rafinare's shareholders Tuesday approved on principle the conversion into shares for the bonds the company failed to recover on account of Petromidia refinery's historic debt, the company announced.

Romania’s Senate adopted Tuesday a bill according to which accredited private pre-university education units would be financed mainly from the state and local budgets. The bill amending Education Law 84/1995 was adopted with 82 votes for, six against and four abstentions. It was adopted tacitly in the Chamber of Deputies.

Private clinic operator MedLife has leased an entire office building, Porumbaru Business Center, where it will relocate its head office, CB Richard Ellis Romania has announced. The building covers 1,200 sqm of office space. MedLife has also leased space in City Gate office building, where it will open a private clinic and a pharmacy, at the ground floor of the northern tower in City Gate (in picture).

*ANAF: If Rompetrol doesn't pay the entire debt, we will resort to foreclosure - in Ziarul Financiar
*Japanese telecom giant KDDI considers investing in Romania - in Ziarul Financiar
*Most abrupt increase in unemployment since 1992 - in Ziarul Financiar
*Three Romanian castles attract fewer visitors than one German castle - in Ziarul Financiar
*10,000 people queuing up for 300 jobs - in Ziarul Financiar

An Emporio Armani store will open this month on Calea Victoriei, opposite two hotels in the area: Grand Hotel Continental and Novotel. Alsa Fashion Group took the franchise rights to bring the fashion brand to Romania. The 1,200 sqm store, which used to host the Phylosophy brand, will host an Armani monobrand store and an Armani Cafe coffee shop.

Real estate investment company Valad Europe has leased 4,300 sqm of warehouse and office space at the A1 Business Park in Bucharest to Valsider Production, a sister company of the Italian steel giant, Cordioli. The value of the four-year lease is of EUR 800,000, the company has said.

French retailer Auchan will open a store in Iasi, within the Palas real estate project in the Moldavian city. The retailer and Iulius Group, the developer will hold a joint press conference announcing the opening on Thursday, September 16.

Around 50 French companies are currently looking at the Romanian market and plan to start investing locally in areas like medicine, energy and environment and some of them could turn these plans into reality on the medium term, according to the French Chamber of Commerce and Industry in Romania (CCIFER).

The presidents of Georgia and Romania, Mikhail Saakashvili and Traian Basescu, and Hungarian Prime Minister Viktor Orban on Tuesday will meet Azerbaijan’s President Ilham Aliyev at the latter’s residence Gyanjlik to discuss the project of pumping liquefied gas from Azerbaijan to Romania via Georgia’s territory, according to Itar Tass newswire.

Total hourly labor costs in the Romanian economy rose 5 percent on the year in April to June, the second-biggest increase in the European Union, official data showed Tuesday.

Rompetrol Rafinare's shareholders Tuesday approved on principle the conversion into shares for the bonds the company failed to recover on account of Petromidia refinery's historic debt, the company announced.

Romania’s Senate adopted Tuesday a bill according to which accredited private pre-university education units would be financed mainly from the state and local budgets. The bill amending Education Law 84/1995 was adopted with 82 votes for, six against and four abstentions. It was adopted tacitly in the Chamber of Deputies.

Private clinic operator MedLife has leased an entire office building, Porumbaru Business Center, where it will relocate its head office, CB Richard Ellis Romania has announced. The building covers 1,200 sqm of office space. MedLife has also leased space in City Gate office building, where it will open a private clinic and a pharmacy, at the ground floor of the northern tower in City Gate (in picture).

*ANAF: If Rompetrol doesn't pay the entire debt, we will resort to foreclosure - in Ziarul Financiar
*Japanese telecom giant KDDI considers investing in Romania - in Ziarul Financiar
*Most abrupt increase in unemployment since 1992 - in Ziarul Financiar
*Three Romanian castles attract fewer visitors than one German castle - in Ziarul Financiar
*10,000 people queuing up for 300 jobs - in Ziarul Financiar

An Emporio Armani store will open this month on Calea Victoriei, opposite two hotels in the area: Grand Hotel Continental and Novotel. Alsa Fashion Group took the franchise rights to bring the fashion brand to Romania. The 1,200 sqm store, which used to host the Phylosophy brand, will host an Armani monobrand store and an Armani Cafe coffee shop.

Real estate investment company Valad Europe has leased 4,300 sqm of warehouse and office space at the A1 Business Park in Bucharest to Valsider Production, a sister company of the Italian steel giant, Cordioli. The value of the four-year lease is of EUR 800,000, the company has said.

French retailer Auchan will open a store in Iasi, within the Palas real estate project in the Moldavian city. The retailer and Iulius Group, the developer will hold a joint press conference announcing the opening on Thursday, September 16.

Around 50 French companies are currently looking at the Romanian market and plan to start investing locally in areas like medicine, energy and environment and some of them could turn these plans into reality on the medium term, according to the French Chamber of Commerce and Industry in Romania (CCIFER).

The presidents of Georgia and Romania, Mikhail Saakashvili and Traian Basescu, and Hungarian Prime Minister Viktor Orban on Tuesday will meet Azerbaijan’s President Ilham Aliyev at the latter’s residence Gyanjlik to discuss the project of pumping liquefied gas from Azerbaijan to Romania via Georgia’s territory, according to Itar Tass newswire.

Total hourly labor costs in the Romanian economy rose 5 percent on the year in April to June, the second-biggest increase in the European Union, official data showed Tuesday.