Romanian media, Sucu: Banks are killing lending to individuals – in Ziarul Financiar, NBR bosses' fortunes worth more than 17 million euros – in Ziarul Financiar, Prices of three-room apartments, down 9% in H1 – in Ziarul Financiar, Figures behind My Dream insolvency: 131 unsold apartments and 17m-euro debts – in Ziarul Financiar

IMF: Inflation could reach 7.9% this year, VAT hike impact on economic decline limited – in Ziarul Financiar

The new inflation target for Romania this year is of 7.9 percent, from a previous target of 3.5 percent before the VAT increase, according to the International Monetary Fund, which has recently approved a new loan installment for Romania. The IMF expects the high inflation to fade out during next year.

The Maastricht School of Management is organizing a free MBA Master Class on July 29th, focusing on marketing. Paul Renaud of Renaud Investments (in picture) will be delivering the Master Class on “Marketing Manager Survival Skills.

Events July 5-8: press conferences, round tables, seminars, parties, concerts

Sanoma Hearst Romania has bought the local website MagazinulDeCase.ro, which runs real estate classifieds posted directly by owners. The website was lauched in 2006 by several Romanian business people. The acquisition was made through Sanoma Digital Romania, which will continue to make acquit ions on the local online segment.

The International Monetary Fund board has approved the fifth loan installment for Romania on Friday and the EUR 900 million should reach the Romanian Central Bank (BNR) most likely on Monday, July 5, or Tuesday the latest, according to Mediafax newswire.

Romania's foreign currency reserves, deposited at the Romanian Central Bank (BNR) dropped by EUR 362 million in June, reaching EUR 31.98 billion, according to data from BNR. This is the second time in a row when BNR's forex reserves drop. In June EUR 792 million entered Central bank's coffers and EUR 1.15 billion of the reserve came out.

Romanian media: Pension budget runs 1bn-euro deficit after five months – in Ziarul Financiar, Bankers raise deposit interest rates to keep clients – in Ziarul Financiar,
NBR's forex reserve down in June for second month in a row – in Ziarul Financiar, 3,900 Romanians go to Greece on holiday weekly – in Ziarul Financiar, Just 5% of Romanians living in cities want to take out a loan – in Ziarul Financiar

The Twilight Saga: Eclipse
The third part of the Twilight series. With: Kristen Stewart, Taylor Lautner, Robert Pattinson. On at: Movieplex Cinema Plaza, Hollywood Multiplex, The Light Cinema, CinemaPRO, Cinema City Sun Plaza, Cinema City Cotroceni, Patria, Baneasa Drive-In Cinema (trailer below)

Choose among plenty of week-end events such as Mexico-Traditions and Customs, China color, Summer Jam Fest, Simian Mobile Disco, Antiques Fair, Korrozao Live, Visul unor simfonii de vara. See full schedule.

Guns N’Roses will perform for the first time in Romania on September 21st, at Romexpo in Bucharest, according to D&D Entertainment, organizers of the show. That band is on tour promoting their latest album “Chinese Democracy”.

Miroslaw Smyk, the head of Romtelecom's TV division, has decided to leave the company as of July 1st. Smyk, who has been managing the TV division since 2007, has been in charge of Romtelecom's growth on the TV segment. Before becoming Gm of the TV division, he has been in charge of the IPTV project within Romtelecom.