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20 October 2010

*Euribor exceeds 1% threshold after 15 months, same as BCE interest, sigh banks see recovery – in Ziarul Financiar
*Mittal brings EUR 23.5 million to share capital in Galati company – in Ziarul Financiar
*Imotrust, EUR 4.5 million financing for a residential project – in Ziarul Financiar
*La Caixa gives EUR 10.5 million loan for Laguna Residence project, developed by GEA 21– in Ziarul Financiar
*Romania, 4th place in the region on IT – in Ziarul Financiar

19 October 2010

Romania’s major union federations are planning a major rally in capital Bucharest on October 27, when the Parliament will debate the opposition’s no-confidence motion that aims to overthrow the Government over its austere measures.

19 October 2010

The Senate on Tuesday passed by unanimous vote a Government's draft law concerning some expropriation measures in the case of projects of national, local and county interest, as amended by the Committee on Privatisation and the Judicial Committee.

19 October 2010

Romania will export this year over two million tons of wheat and a similar quantity of corn, at prices per ton ranging from EUR 180 to EUR 240, Romanian Agriculture Minister Valeriu Tabara told newswire Mediafax. Data presented by the minister indicate Romania will export corn of over EUR 360 million and wheat of over EUR 420 million.

19 October 2010

The Romanian Chamber of Deputies approved the law project which enables the inclusion of bonuses into the base salary for certain categories of state employees. The lack of these bonuses was the main reason which triggered protests at the Finance Ministry last week and the Finance Minister promised protesters they would get the bonuses for the summer.

19 October 2010

Seven Romanian software companies have sent Romania on the fourth position in Deloitte's Central Europe Technology Fast 50 top, the company has announced. However, Romanian companies have registered a slower pace of growth than the region.

19 October 2010

This year's International Sleepless Nights Accordion festival will open with a jazz performance by Romanian accordionist Emy Dragoi on Wednesday, October 20, at the Tete-a-Tete Coffee Art & Chill. The event wil also feature Costel Nitescu as special guest playing the violin.

19 October 2010

uropean movie lovers will be able to watch representative Norwegian films at the upcoming Norwegian Movie Days in Bucharest between October 27 and 29, at the Romanian Cultural Institute (ICR). The event, organized by the Norwegian Embassy to Bucharest and ICR, will include five movies with free entry.

19 October 2010

Austrian company Bilfinger Berger Baugesellschaft has signed a EUR 12.6 million contract with the Romanian Roads Company CNADNR to revamp the Giurgeni and Agigea bridges. The Giurgeni bridge revamping contract, worth EUR 8.8 million (excluding VAT), is more than half covered by the European Bank for Reconstruction and Development (EBRD), the rest coming from the Romanian Government.

19 October 2010

The Bucharest Early Music Festival, organized by Medieval Praxis, will start on October 30 in Bucharest. The event will be dedicated to Johann Sebastian Bach this year, celebrating 325 years since the birth of the composer and commemorating 260 years since his death. Already at its fifth edition, the festival features music predating the Classical period in West European music.

19 October 2010

Romania's pavilion at EXPO Shanghai 2010 is hosting the Romania-China Cultural Week from October 16,an event which is part of the cultural diplomacy program held at Greenopolis pavilion, the Romanian Foreign Affairs Ministry has announced.

19 October 2010

Titan, owned by Austrian Euromills, has finalized a EUR 15 million investment in its Bucharest factory which will produce rolls for McDonald's restaurants in Romania and Bulgaria. The investment was started a year ago and parts of the production will go to countries like Greece, Serbia and Macedonia as week.

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