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22 July 2010

CEC Bank granted EUR 12 million of agricultural loans and guarantee letter for agricultural projects since June 1 this year. The bank has granted 32 such loans and guarantee letters in total. CEC Bank has opened offices dealing with European Funds in all its subsidiaries. It has been working in 320 files for agricultural projects since the beginning of June, worth EUR 90 million in total.

22 July 2010

This is a story written by Steven van Groningen on his personal blog. A story about non-performing loans, Romanian accounting standards and the country's risk premium. A must-read story written by a banker in Romania.

22 July 2010

Automobile Dacia, Nokia Romania, Rompetrol Rafinare, ArcelorMittal Galati and OMV Petrom were the main exporters from Romania in the first four months of the year, when Romanian exports found a way our of recession, according to data from the National Association of Exporters and Importers (ANEIR).

22 July 2010

Romanian nutritional supplements producer PlantExtract will build a drug production factory in Cluj – Napoca with an investment fund of EUR 2.5 million. This will be the company's second production unit. It will be located in Tetarom I industrial park and will double the company's production capacity.

22 July 2010

Romanian media, Mioveni, Jucu, and Navodari, the trio that helped drive exports to 10bn euros – in Ziarul Financiar, Consumption rebound on durable goods market can come from rural areas– in Ziarul Financiar, Romanian state puts up for sale 450m-euro stakes on Stock Exchange – in Ziarul Financiar, BCR's strategy: Specialised companies take over operations from bank – in Ziarul Financiar, First IPO in 2010: Intercapital raises money for a fund to invest in Fondul Proprietatea – in Ziarul Financiar

21 July 2010

Despite the hostility and open opposition of some of its powerful neighbors, Romania managed to

21 July 2010

Romanian language lesson number five. This lesson teaches you to ask for a taxi and get to know some of the most used words in this context.

21 July 2010

French musician and composer Yann Tiersen will be playing in Romania for the third time and for the second time this year. Tiersen's concert will take place on December 9 at the Silver Church Club, starting 19,00 hours. Yann Tiersen is touring to promote his new album, Dust Lane.

21 July 2010

The Irish band The Cranberries rocked the evening last night in Bucharest. The concert was among the first in the European tour which marked the band's reunion and the first ever concert in Romania. There were 90 minutes of joy. Read more about the concert and listen to some of the songs.

21 July 2010

Those who want to discover more about hand made and home made Romanian products will be able to see and taste some of them at a fair which will take place this week-end in Bucharest. A traditional products fair will take place between July 23 and July 25, 9,00 to 28,00 hours, at the Academy of Agricultural and Forestry Sciences in Bucharest (61 Marasti boulevard).

21 July 2010

Romanian forensic specialists have exhumed the remains of late dictator Nicolae Ceausescu and his wife at the request of the couple's son, Valentin Ceausescu. He wants to establish whether the remains buried in the Bucharest Ghencea cemetery are his late parents. Valentin Ceausescu is the only of the couple's three children still alive.

21 July 2010

Transdanube Industries, a company within African Steel Mills, will build a EUR 150 million steel plant and a mill in Oltenita, in Calarasi county.

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