The Romanian Government has decided to increase the Value Added Tax (VAT) from the current 19 percent to 24 percent, after a Government meeting held earlier today. The decision came after the Romanian Constitutional Court has ruled the 15 percent pensions decrease as unconstitutional. The measures should trigger an increase in the budget, after the failed attempt to cut budget spending

The EUR/RON exchange rate surged by 1,17 percent today, to a rate of 4.2808 RON/EUR, while the USD was quoted at 3.4911 RON, 1.38 percent higher than the previous day, after the Romanian Constitutional Court ruled that the 15 percent pensions cuts announced by the Government are not constitutional.

The austerity measures meant to reduce budget spending in Romania, namely the 15 percent pensions cuts are not constitutional, the Romanian Constitutional Court has decided. However, the 25 percent cut of state clerk salaries is constitutional, the Constitutional Court has decided.

If you want to discover a bit of the real Romania, get away from the dusty capital city and get to know some of the country's natural beauties while diving into spirituality and history, then the painted monasteries in Moldova are a great choice. Read about Voronet, Moldovita, Sucevita, Putna, Humor and Arbore monasteries in Bucovina.

Austrian investment fund CA Immo, which has properties on the Romanian market, has acquired Europolis, another fund active locally, CA Immo has announced. The purchase price was of EUR 272 million, while the book property value of Europolis' assets is of EUR 1.5 billion.

First timers to the Romanian capital city should know that there are certain areas in Bucharest more likely to cater to...

H&M enters in Unirii, Plaza and Mall – in Ziarul Financiar, Decathlon sells EUR 1 mln of sportswear each month – in Ziarul Financiar, Taxation on stocks changes in a week, but nobody knowns how changes will apply – in Ziarul Financiar, Dorin Boboc from Allianz leaves services for agriculture – in Ziarul Financiar

Romanians still prefer loans in foreign currencies – in Gandul

Movies this week-end: The Ghost Writer (Cinema Insider recommendation; see trailer), the A-Team, Les Herbes Folles

Events this week-end, June 25-27: National Ecologic Products Fair, Sanziene fair, Antique Fair. Concerts: Manowar, Volbeat, Accept, Paradise Lost, Orphaned Land, Gotan Project, Metallica, Slayer, Anthrax, Megadeth, Rammstein, Alice in Chains, Stone Sour, Anathema, Luna Amara, Massive Attack, Martina Topley-Bird

H&M fashion retailer will open the first store in Romania in 2011, according to a recent report published by the company...

The Romanian Government has decided to increase the Value Added Tax (VAT) from the current 19 percent to 24 percent, after a Government meeting held earlier today. The decision came after the Romanian Constitutional Court has ruled the 15 percent pensions decrease as unconstitutional. The measures should trigger an increase in the budget, after the failed attempt to cut budget spending

The EUR/RON exchange rate surged by 1,17 percent today, to a rate of 4.2808 RON/EUR, while the USD was quoted at 3.4911 RON, 1.38 percent higher than the previous day, after the Romanian Constitutional Court ruled that the 15 percent pensions cuts announced by the Government are not constitutional.

The austerity measures meant to reduce budget spending in Romania, namely the 15 percent pensions cuts are not constitutional, the Romanian Constitutional Court has decided. However, the 25 percent cut of state clerk salaries is constitutional, the Constitutional Court has decided.

If you want to discover a bit of the real Romania, get away from the dusty capital city and get to know some of the country's natural beauties while diving into spirituality and history, then the painted monasteries in Moldova are a great choice. Read about Voronet, Moldovita, Sucevita, Putna, Humor and Arbore monasteries in Bucovina.

Austrian investment fund CA Immo, which has properties on the Romanian market, has acquired Europolis, another fund active locally, CA Immo has announced. The purchase price was of EUR 272 million, while the book property value of Europolis' assets is of EUR 1.5 billion.

First timers to the Romanian capital city should know that there are certain areas in Bucharest more likely to cater to...

H&M enters in Unirii, Plaza and Mall – in Ziarul Financiar, Decathlon sells EUR 1 mln of sportswear each month – in Ziarul Financiar, Taxation on stocks changes in a week, but nobody knowns how changes will apply – in Ziarul Financiar, Dorin Boboc from Allianz leaves services for agriculture – in Ziarul Financiar

Romanians still prefer loans in foreign currencies – in Gandul

Movies this week-end: The Ghost Writer (Cinema Insider recommendation; see trailer), the A-Team, Les Herbes Folles

Events this week-end, June 25-27: National Ecologic Products Fair, Sanziene fair, Antique Fair. Concerts: Manowar, Volbeat, Accept, Paradise Lost, Orphaned Land, Gotan Project, Metallica, Slayer, Anthrax, Megadeth, Rammstein, Alice in Chains, Stone Sour, Anathema, Luna Amara, Massive Attack, Martina Topley-Bird

H&M fashion retailer will open the first store in Romania in 2011, according to a recent report published by the company...