Asesoft group, owned by Romanian investors Sebastian Ghita and Iulian Stanciu, has taken over the majority share package in IT&C retailer Flanco, the retailer has announced. The new owners will inject EUR 4 million into the retailer's capital in the following months, while banks will receive EUR 10 million in the following six months, according to Flanco's reorganization plans

Palas Iasi, the mixed real estate project developed by local developer Iulius Group in partnership with the Iasi municipality, has had to shift the project amidst the crisis to comply with the new market realities. The project, which was initially supposed to feature 800 apartments, will only feature 100 apartments, out of which 60 have already been sold, said Iulian Dascalu, president and owner of the group.

Romanian media owner Sorin Ovidiu Vantu will be released from arrest, where he was sent initially for 29 days last Thursday, the Appeal Court has recently decided. Two other individuals who were also arrested, Ovidu Turcan and Alexandru Stoian, will be freed along with Vantu.

A leisure biking event under the Cube Days name will take place on Sunday, September 19, starting from Cernica Pool and restaurant at 09,00 hours in the morning. The biking trail will take several hours through the forest.

*Romania could become the new growth vector in the East – in Ziarul Financiar
*Eugen Voicu redeems Aviva Investors and tries to re-launch it – in Ziarul Financiar
*IKEA wants to fuel the store in Baneasa with solar energy – in Ziarul Financiar
*Romtelecom will have 4-5 TV channels by year-end – in Ziarul Financiar
*Ghita from Asesoft to buy Flanco – in Ziarul Financiar

Gheorghe Muresan is a famous Romanian basketball player who, at 7 foot 7 inches (2.31 m), is the tallest man who ever...

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.

The Bucharest sector 2 City Hall plans to build a cable car ('telegondola') crossing the northern Bucharest lakes and is preparing the bid to choose the company which will offer consultancy for the zonal urban planning needed for the project. The consultancy fee will reach EUR 150,000. The consultancy bid will take place on September 20.

Hospice Casa Sperantei charity hopes it will reach more than 100 runners for its team in the Bucharest City Marathon, which will take place on October 17 in the Romanian capital city. This will be the biggest team Hospice has had for the marathon, almost three times bigger than least year's.

If it was not for an unavoidable trip out of Bucharest, I would be running in the Bucharest City Marathon this year. I am 28, a light smoker who's been trying to quit since forever, I rarely exercise, I sit at my desk for hours, sometimes walk instead of taking the bus or taxi, but not as much as I would like, I eat at crazy hours.

Asesoft group, owned by Romanian investors Sebastian Ghita and Iulian Stanciu, has taken over the majority share package in IT&C retailer Flanco, the retailer has announced. The new owners will inject EUR 4 million into the retailer's capital in the following months, while banks will receive EUR 10 million in the following six months, according to Flanco's reorganization plans

Palas Iasi, the mixed real estate project developed by local developer Iulius Group in partnership with the Iasi municipality, has had to shift the project amidst the crisis to comply with the new market realities. The project, which was initially supposed to feature 800 apartments, will only feature 100 apartments, out of which 60 have already been sold, said Iulian Dascalu, president and owner of the group.

Romanian media owner Sorin Ovidiu Vantu will be released from arrest, where he was sent initially for 29 days last Thursday, the Appeal Court has recently decided. Two other individuals who were also arrested, Ovidu Turcan and Alexandru Stoian, will be freed along with Vantu.

A leisure biking event under the Cube Days name will take place on Sunday, September 19, starting from Cernica Pool and restaurant at 09,00 hours in the morning. The biking trail will take several hours through the forest.

*Romania could become the new growth vector in the East – in Ziarul Financiar
*Eugen Voicu redeems Aviva Investors and tries to re-launch it – in Ziarul Financiar
*IKEA wants to fuel the store in Baneasa with solar energy – in Ziarul Financiar
*Romtelecom will have 4-5 TV channels by year-end – in Ziarul Financiar
*Ghita from Asesoft to buy Flanco – in Ziarul Financiar

Gheorghe Muresan is a famous Romanian basketball player who, at 7 foot 7 inches (2.31 m), is the tallest man who ever...

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.

The Bucharest sector 2 City Hall plans to build a cable car ('telegondola') crossing the northern Bucharest lakes and is preparing the bid to choose the company which will offer consultancy for the zonal urban planning needed for the project. The consultancy fee will reach EUR 150,000. The consultancy bid will take place on September 20.

Hospice Casa Sperantei charity hopes it will reach more than 100 runners for its team in the Bucharest City Marathon, which will take place on October 17 in the Romanian capital city. This will be the biggest team Hospice has had for the marathon, almost three times bigger than least year's.

If it was not for an unavoidable trip out of Bucharest, I would be running in the Bucharest City Marathon this year. I am 28, a light smoker who's been trying to quit since forever, I rarely exercise, I sit at my desk for hours, sometimes walk instead of taking the bus or taxi, but not as much as I would like, I eat at crazy hours.