Kraft Foods has sold Romanian soft cake and sugar confectionery business Cadbury's Kandia-Excelent to Oryxa Capital, an international investment fund, for an undisclosed sum. The sale includes Kandia-Excelent brands, such as Rom, Magura, Kandia, Laura, Sugus and Silvana, related trademarks and the manufacturing facility in Bucharest.

He was a high school athlete who changed paths and eventually became an entrepreneur. A business

We've asked our readers to share their ideas on how we can re-start Romania. Or better said, on how

All of what is now Romania was made up of small states, each one with its own story. Walachia, Moldavia, Transylvania and Dobrogea are the historical regions of Romania that give the country its cultural and historical richness.

Romanian media: Morgan Stanley needs 10 years to exit Romcab - in Ziarul Financiar, Economic prospects worsen again: 3% decline in 2010 - in Ziarul Financiar, Dragne leaves Muşat law firm and takes several lawyers with him - in Ziarul Financiar, Year of tragedies: Romania struggles to keep afloat after six months of frost and floods - in Ziarul Financiar

Over 200 million euros worth of wind energy projects set to become operational - in Ziarul Financiar

Real estate developer Avrig 35's CEO and founder Alexander Hergan (in picture) has left the helm of the company, being replaced by Haydn Wright, the real estate developer has announced. Hergan is the founder of Avrig 35, being one of the four American investors who have set up the group in 1999.

Romania stayed within the budget deficit target agreed with the International Monetary Fund for the first quarter of the year, according to Bogdan Dragoi, state secretary within the Finance Ministry.

The country's budget dropped by 1.6 percent in the first five months of the year, to approximately EUR 14.7 billion.

The first nine foreign banks in Romania will meet the International Monetary Fund (IMF), the Romanian Central Bank (BNR) and the European Commission on July 22nd in Brussels to evaluate the agreement they have signed last year in Vienna, according to Mediafax newswire.

Jacob Hoekstra is the new country manager of Kilpatrick Executive Search Romania. He will be managing both newly expanded Romanian offices, Timisoara and Bucharest.

Kilpatrick opened its first Romanian office in 2006 in Timisoara, while the company’s consultants were also developing several projects in Bucharest.

The unemployment rate in Romania reached 8.1 percent in the first quarter of the year, according to data from the National Institute of Statistics (INS), up from 7.5 percent the previous quarter.

This is the unemployment rate based on the International Employment Office standards.

Romanian media

Ziarul Financiar:

Isărescu: Inflation to stop at 8%, hopefully exchange rate will

Calea Victoriei (Victoriei Avenue) is one of Bucharest’s oldest streets and arguably one of the most well known. Its picturesque display of architectural styles recall the beauty of “Little Paris”, as Bucharest was known a century ago.