The International Monetary Fund will revise Romania's economic forecast for this year, which currently stands to expect a 0.5 percent GDP drop, according to Jeffrey Franks, the head of the IMF mission to Romania. However, he has labeled the 3 percent drop forecast put forward by the European Bank of Reconstruction and Development (EBRD) as 'pessimistic'.

The availability rate for offices in Bucharest rose to 18.9 percent in the second quarter of this year, compared to a rate of 18.1 percent in the first quarter, according to DTZ Echinox. “A further increase of the availability ratio is expected by the end of the year, when a significant amount of new supply is about to be delivered: Platinum Business & Convention Centre, Swan Office Park (Phase I), Nusco Tower,” writes DTZ Echinox' statement.

The eight edition of Stufstock, the concert series which takes place in Vama Veche, will be on between August 16 and 22 on the beach in the Romanian seaside resort. This year's edition will bring together, besides the rock music, also theater, film, photography and literature.

Romanian consumers could be able to receive some of their money back on products they have purchased if they ask for the fiscal bills, and also deduct some repairing works for their homes, if a law project in works will be enforced. The Finance Ministry is working on a piece of legislation which should be ready in September and which could be enforced in the fourth quarter of the year or at the beginning of next year.

The 100 biggest companies in Romania posted a cumulated turnover of EUR 44.8 billion last year, which was down EUR 10 billion compared to a year before, according to a recent report exclusively created by Romania Business Insider. Download the exclusive report.

Romanian media, State-owned companies make 10 billion euro per year, but are incapable to generate profit- in Ziarul Financiar, Romanians asking for fiscal receipts, set to get part of spent money back - in Ziarul Financiar, UniCredit Group head: We're targeting a top 3 position in Romania - in Ziarul Financiar, A Romanian takes over the reins of Groupama - in Ziarul Financiar, Transelectrica invests EUR 18 million - in Ziarul Financiar, Billionaire Mittal brings EUR 83 million to save Hunedoara unit - in Ziarul Financiar

An International Monetary Fund (IMF) mission, headed by Jeffrey Franks, will be in Bucharest between July 26 and August 4 for the fifth review of the stand-by agreement Romania has signed with the fund. An European Commission review mission will also be visiting Romania during this period.

Calendar of events during the period July 26-29

A medieval festival will take place in Bistrita city in August, with rock ban Haggard playing during the event. The 'Medieval Camp' will take place between August 13 -15 in the Haidenfield recreation area.

Seven European banks, most of which coming from Spain, have failed the European union's stress test whose results were published on Friday. One of the banks that has failed the test, Greek ATE Bank, is also active in Romania. The seventh bank is the German Hypo Real Estate bank.

The International Monetary Fund will revise Romania's economic forecast for this year, which currently stands to expect a 0.5 percent GDP drop, according to Jeffrey Franks, the head of the IMF mission to Romania. However, he has labeled the 3 percent drop forecast put forward by the European Bank of Reconstruction and Development (EBRD) as 'pessimistic'.

The availability rate for offices in Bucharest rose to 18.9 percent in the second quarter of this year, compared to a rate of 18.1 percent in the first quarter, according to DTZ Echinox. “A further increase of the availability ratio is expected by the end of the year, when a significant amount of new supply is about to be delivered: Platinum Business & Convention Centre, Swan Office Park (Phase I), Nusco Tower,” writes DTZ Echinox' statement.

The eight edition of Stufstock, the concert series which takes place in Vama Veche, will be on between August 16 and 22 on the beach in the Romanian seaside resort. This year's edition will bring together, besides the rock music, also theater, film, photography and literature.

Romanian consumers could be able to receive some of their money back on products they have purchased if they ask for the fiscal bills, and also deduct some repairing works for their homes, if a law project in works will be enforced. The Finance Ministry is working on a piece of legislation which should be ready in September and which could be enforced in the fourth quarter of the year or at the beginning of next year.

The 100 biggest companies in Romania posted a cumulated turnover of EUR 44.8 billion last year, which was down EUR 10 billion compared to a year before, according to a recent report exclusively created by Romania Business Insider. Download the exclusive report.

Romanian media, State-owned companies make 10 billion euro per year, but are incapable to generate profit- in Ziarul Financiar, Romanians asking for fiscal receipts, set to get part of spent money back - in Ziarul Financiar, UniCredit Group head: We're targeting a top 3 position in Romania - in Ziarul Financiar, A Romanian takes over the reins of Groupama - in Ziarul Financiar, Transelectrica invests EUR 18 million - in Ziarul Financiar, Billionaire Mittal brings EUR 83 million to save Hunedoara unit - in Ziarul Financiar

An International Monetary Fund (IMF) mission, headed by Jeffrey Franks, will be in Bucharest between July 26 and August 4 for the fifth review of the stand-by agreement Romania has signed with the fund. An European Commission review mission will also be visiting Romania during this period.

Calendar of events during the period July 26-29

A medieval festival will take place in Bistrita city in August, with rock ban Haggard playing during the event. The 'Medieval Camp' will take place between August 13 -15 in the Haidenfield recreation area.

Seven European banks, most of which coming from Spain, have failed the European union's stress test whose results were published on Friday. One of the banks that has failed the test, Greek ATE Bank, is also active in Romania. The seventh bank is the German Hypo Real Estate bank.