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17 August 2010

15 years ago, Kingsley Nwabia chose art - or, as he likes to say, was chosen by art. More than 200 paintings and a book after, he finds himself in Romania, where he settled in 2005. One hot summer afternoon, Romania Insider has talked to Kingsley- a natural born story teller too- in his Bucharest apartment, surrounded by an ad-hoc exhibition of his paintings.

17 August 2010

Romania's GDP could turn negative in real terms in the third quarter of the year due to the public spending cuts and the VAT increase, writes a report issued by BCR. However, the last quarter of the year could bring an improvement, but uncertainties are still high. BCR has kept its economic prognosis to a 3 percent DGP drop for this year.

17 August 2010

Construction company Romstrade, owned by Romanian businessman Nelu Iordache, has landed a EUR 1.25 million additional contracts for works on the Bucharest North ring road. The contract was awarded for design and execution works on the segment 1A-DN2 of the north ring road.

17 August 2010

Passenger traffic went up by 10 percent on the Otopeni airport in the first six months of the year, while the smaller Baneasa airport saw a traffic increase of only three percent. The two airports together welcomed 3.1 million passengers in the first half of the year. Traffic estimation for the entire year point to 6.7 million passengers.

17 August 2010

The Romanian health system has come under scrutiny after several recent events which highlighted its poor state. The state of the local health system is even subject of debate abroad and has made international headlines. The BBC has recently wrote about the Romanian healthcare, saying it is 'on verge of collapse'

17 August 2010

Evguenia Stoichkova is the new operations director for Coca-Cola in Romania, Bulgaria, the Republic of Moldova and Albania. She has replaced Dragos Militaru, who has left the company to join UPC.

17 August 2010

Two expat investors, Emmanuel Damanakis of Skepsis Advertising and Konstantinos Kapetanopoulos have taken the license to open the first Haagen Dazs Cafes in Romania, according to Romanian daily Ziarul Financiar. The first such store will be opened in Baneasa Shopping City.

17 August 2010

Romania made a new round of international headlines with two unfortunate events which happened yesterday. The maternity blast which killed four babies kept headlined across the world as the story unveiled yesterday evening and during the night.

17 August 2010

Banks give out loans to local authorities at 13% interest rate – in Ziarul Financiar, TV sales grow by 10 percent in Q2 – in Ziarul Financiar, The new ANI law- all the MP's wealth, made public again – in Ziarul Financiar, Cernavoda- Constanta highway and Bucharest – Constanta railway, ready next year – on Wall-street.ro

16 August 2010

The lower Chamber of the Romanian Parliament voted on Monday the draft law on the National Integrity Agency (ANI) with 204 to two votes and two abstentions. Members of the social democratic (PSD) opposition party refused to vote on the bill and left the meeting.

16 August 2010

Four babies have died after a blast which took place at Giulesti Maternity hospital in Bucharest last evening. The fire, which started started in the resuscitation unit, was soon after extinguished, but 11 newborn babies were affected. They were one or two days old and premature born. As events unfolded, not all the babies had been identified, while mothers were waiting outside the hospital for news.

16 August 2010

A Romanian chef who has completed a two-day Indonesian food course has won the the first prize in the Indonesian food cooking contest recently held at the Indonesian Embassy in Bucharest.

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