Romania’s capital city Bucharest ranks 69th among 73 cities worldwide according to the price levels, says a survey conducted by financial services firm UBS. New York, Geneva and Oslo are still among the most expensive cities worldwide, according to UBS classification.

Private clinic operator MedLife has leased an entire office building, Porumbaru Business Center, where it will relocate its head office, CB Richard Ellis Romania has announced. The building covers 1,200 sqm of office space. MedLife has also leased space in City Gate office building, where it will open a private clinic and a pharmacy, at the ground floor of the northern tower in City Gate (in picture).

Rompetrol Rafinare's shareholders Tuesday approved on principle the conversion into shares for the bonds the company failed to recover on account of Petromidia refinery's historic debt, the company announced.

Car maker Renault today inaugurates the Technical Testing Center in Titu, with a one-year delay on the deadline initially announced. Romanian president Traian Basescu will attend the opening ceremony, along with Renault's production director Patrick Pelata.

Romania’s Senate adopted Tuesday a bill according to which accredited private pre-university education units would be financed mainly from the state and local budgets. The bill amending Education Law 84/1995 was adopted with 82 votes for, six against and four abstentions. It was adopted tacitly in the Chamber of Deputies.

*Two years from the start of the financial crisis, Romania fails to find the way out – in Ziarul Financiar
*South Pacific blocks 71-villa project – in Ziarul Financiar
*Valer Blidar will build railway wagons for the Czech Republic – in Ziarul Financiar
*Steel producer leases 4,300 sqm in A1 Business Park – in Ziarul Financiar
*OMV doubles petrol stations chain with just EUR 5 million – in Ziarul Financiar
*Exchange rate drops to RON 4.23 per EUR. Dealers blame it on 'Americans or the Central Bank' – in Gandul

Real estate investment company Valad Europe has leased 4,300 sqm of warehouse and office space at the A1 Business Park in Bucharest to Valsider Production, a sister company of the Italian steel giant, Cordioli. The value of the four-year lease is of EUR 800,000, the company has said.

Total hourly labor costs in the Romanian economy rose 5 percent on the year in April to June, the second-biggest increase in the European Union, official data showed Tuesday.

Around 50 French companies are currently looking at the Romanian market and plan to start investing locally in areas like medicine, energy and environment and some of them could turn these plans into reality on the medium term, according to the French Chamber of Commerce and Industry in Romania (CCIFER).

An Emporio Armani store will open this month on Calea Victoriei, opposite two hotels in the area: Grand Hotel Continental and Novotel. Alsa Fashion Group took the franchise rights to bring the fashion brand to Romania. The 1,200 sqm store, which used to host the Phylosophy brand, will host an Armani monobrand store and an Armani Cafe coffee shop.

Romania’s capital city Bucharest ranks 69th among 73 cities worldwide according to the price levels, says a survey conducted by financial services firm UBS. New York, Geneva and Oslo are still among the most expensive cities worldwide, according to UBS classification.

Private clinic operator MedLife has leased an entire office building, Porumbaru Business Center, where it will relocate its head office, CB Richard Ellis Romania has announced. The building covers 1,200 sqm of office space. MedLife has also leased space in City Gate office building, where it will open a private clinic and a pharmacy, at the ground floor of the northern tower in City Gate (in picture).

Rompetrol Rafinare's shareholders Tuesday approved on principle the conversion into shares for the bonds the company failed to recover on account of Petromidia refinery's historic debt, the company announced.

Car maker Renault today inaugurates the Technical Testing Center in Titu, with a one-year delay on the deadline initially announced. Romanian president Traian Basescu will attend the opening ceremony, along with Renault's production director Patrick Pelata.

Romania’s Senate adopted Tuesday a bill according to which accredited private pre-university education units would be financed mainly from the state and local budgets. The bill amending Education Law 84/1995 was adopted with 82 votes for, six against and four abstentions. It was adopted tacitly in the Chamber of Deputies.

*Two years from the start of the financial crisis, Romania fails to find the way out – in Ziarul Financiar
*South Pacific blocks 71-villa project – in Ziarul Financiar
*Valer Blidar will build railway wagons for the Czech Republic – in Ziarul Financiar
*Steel producer leases 4,300 sqm in A1 Business Park – in Ziarul Financiar
*OMV doubles petrol stations chain with just EUR 5 million – in Ziarul Financiar
*Exchange rate drops to RON 4.23 per EUR. Dealers blame it on 'Americans or the Central Bank' – in Gandul

Real estate investment company Valad Europe has leased 4,300 sqm of warehouse and office space at the A1 Business Park in Bucharest to Valsider Production, a sister company of the Italian steel giant, Cordioli. The value of the four-year lease is of EUR 800,000, the company has said.

Total hourly labor costs in the Romanian economy rose 5 percent on the year in April to June, the second-biggest increase in the European Union, official data showed Tuesday.

Around 50 French companies are currently looking at the Romanian market and plan to start investing locally in areas like medicine, energy and environment and some of them could turn these plans into reality on the medium term, according to the French Chamber of Commerce and Industry in Romania (CCIFER).

An Emporio Armani store will open this month on Calea Victoriei, opposite two hotels in the area: Grand Hotel Continental and Novotel. Alsa Fashion Group took the franchise rights to bring the fashion brand to Romania. The 1,200 sqm store, which used to host the Phylosophy brand, will host an Armani monobrand store and an Armani Cafe coffee shop.