Romanian central bank governor Mugur Isarescu Wednesday defended local creditors, saying the lenders only attracted external financing to respond to consumer over borrowing.

A recently – set up Romanian band called Rise Of Artificial (ROA) has launched a song which is currently on heavy rotation on Romanian radios. The song, called Ne place (We like it) is the first of an album which will include 15 tracks.

The bomb squads that checked an entrance to the Obor subway station in capital Bucharest, Romania, after a man called the 112 emergency number Wednesday morning to report a bomb, found nothing suspicious.

The Romanian Cultural Institute in Stockholm will hold a discussion on Wednesday, at its headquarters in the Swedish Capital, on the latest volume signed Gabriela Melinescu, the novel "Mamma som gud" ("Mother like God").

Romanian flute player Matei Ioachimescu will perform on November 27, from 19,00 hours, at the Romanian Athenaeum, together with a group of other musicians: guitarists Mihai Cojocaru and George Popescu, flutist Mihaela Anica and pianist Horia Maxim.

Ford Romania will launch two new car models by 2013 and aims to sell 300,000 units a year in the following three years, according to Dionisio Campos, president of Ford Romania. Around 80 percent of the Romanian production will go to export

Romanian Prime Minister Emil Boc has discharged the Romanian Police head Petre Toba and Interior Ministry state secretary Dan Valentin Fatuloiu, following two controversial corruption scandals, according to newswire Mediafax.

A Romanian settled in Austria has been selling custom made shoes in Vienna since 1996, Romanian daily Gandul writes. Romanian shoemaker Alexandru Maftei, who has been living abroad for the last 22 years, has been selling custom made shoes in Vienna under the brand Shoemaker Maftei. The shoemaker has also opened a store in Bucharest, but the business has not enjoyed the same success as it does abroad.

US companies have invested USD 1.2 billion in Romania since 2009 and American companies are still interested in making local investments, according to Mark Gitenstein, the US ambassador to Romania. Procter & Gamble is one of these investors, said Gitenstein, quoted by Romanian media.

Low cost airline Blue Air will launch a direct flight connecting Romanian city of Bacau to Dublin from March next year, the company has announced. The price of a ticket on this route will start from EUR 29,99, taxes included.

*Euro goes up to RON 4.31, tension builds up again – in Ziarul Financiar
*Tuborg shareholders bring 46-year old Israeli to replace Shachar Shaine – in Ziarul Financiar
*Head of P&G is optimistic: he sees economic growth in spring – in Ziarul Financiar
*Number of Austrians who came to Romania in the first nine months grows by 0.6% to 139,000 people – in Ziarul Financiar

Romania ranks 151st out of 183 economies in the most recent PricewaterhouseCoopers and World Bank report Paying Taxes 2011. The country is down four places compared to last year.