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 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

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.

*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.

Romania’s Senate adopted Tuesday with 45 to 31 votes and eight abstentions a draft law drawn up by ruling democrat liberals, which reduces the flat tax to 10%, from 16%.

Hezy Ovadia (in picture) is the new president of United Romanian Breweries Bereprod (URBB), replacing Shachar Shaine from January 2011. Shaine has been leading URBB for the last six years. Ovadia has been working in the FMCG sector and has 19 years of experience.

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 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

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.

*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.

Romania’s Senate adopted Tuesday with 45 to 31 votes and eight abstentions a draft law drawn up by ruling democrat liberals, which reduces the flat tax to 10%, from 16%.

Hezy Ovadia (in picture) is the new president of United Romanian Breweries Bereprod (URBB), replacing Shachar Shaine from January 2011. Shaine has been leading URBB for the last six years. Ovadia has been working in the FMCG sector and has 19 years of experience.