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21 December 2010

France and Germany's Interior Ministers have sent the European Commission a letter requesting the postponement of Romania and Bulgaria's accession to the Schengen Area, according to Mediafax newswire.

21 December 2010

Oasis Development will start works on its EUR 50 million Prima Shopping Center project in Oradea in spring next year and has already leased half of the center. The mall will be located on the premises of the Infratirea factory and will cover 24,000 sqm of built area.

21 December 2010

I suppose ‘Count Kálnoky’s Guesthouse’ in Miclosoara is no secret anymore, as this place has been in the media regularly and not only because of the occasional visits of the Prince of Wales. Miclosoara is about one hour north of Brasov in Szeklerland, Covasna County. So instead of Romanian, one is better advised to speak Hungarian with the local people.

21 December 2010

A Christmas Fair has been opened at the Brancovenesc Palace (Palatul Brancovenesc) in Mogosoaia, close to Bucharest. The fair, called Targul Brancovenilor, features stands selling traditional products and gifts, food and beverages, as well as a park and playground, an ice rink and a Disney Palace – a good place to take your kids if you're spending a few days in Bucharest during the winter holidays.

21 December 2010

U.S. diplomats said in November 2007 the impending "final offer" by the U.S. Army Foreign Claims Service, Europe to the family of the late Romanian rock star Teofil Peter seems certain to have a significant, negative effect on the U.S.-Romanian relationship, The Guardian has reported.

21 December 2010

Romanian authorities consider signing a precautionary agreement with the International Monetary Fund worth between EUR 5 billion and EUR 6 billion, but the exact amount will not be set until March next year, people familiar with the matter said Monday, quoted by Mediafax.

20 December 2010

Private medical care operator CMU has opened a 3,000 sqm medical compound in Brasov, following an investment of EUR 4.2 million. The project, called Campusul Medical Brasov, was set up in partnership with local medical care provider Teo Health.

20 December 2010

The Romanian opposition’s no-confidence motion over the wage law for 2011, which was debated in Parliament Monday, was rejected as the motion got only 190 votes in favor and one vote against and needed 236 votes to pass.

20 December 2010

Motoractive, Ralfi and Domenia Credit non-banking financial institutions will re-brand following the takeover by Turkish group Garanti. The three brands, which have previously run under the GE Money brand, will become, together with Garanti Bank, part of the Garanti Group in Romania.

20 December 2010

Fast-food operator Burger King has opened its ninth restaurant in Romania, on the premises of the former Everest fast food unit in Romana Square in Bucharest. The new restaurant is located between competitors McDonald's and KFC.

20 December 2010

Pharmaceutical company A&D Pharma, which has been listed on the main market of the London Stock Exchange since 2006 (symbol ADPH), plans to delist its shares from the stock exchange from February next year, pending on the shareholders' decision.

20 December 2010

CEZ Group has recently signed for a EUR 200 million loan from the European Investment Bank (EIB) to co-finance the construction of Fantanele Wind Park project in Romania, with installed capacity of 347.5 MW. The maturity of the loan will be 17 years, according to CEZ.

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