Movies this week-end: The Girl with the Dragon Tattoo, Going the Distance, The American. Watch trailers.

Romanian media owner Sorin Ovidiu Vantu (in picture) was arrested for 29 days, after being initially set to be detained for only 24 hours on Thursady, being accused in the case of Nicolae Popa, former head of bankrupt FNI's brokerage firm, who has fled the country. The trial where his 29-day arrest was decided was held late at night on Thursday.

State-owned energy transport company Transelectrica will invest around EUR 250 million in the next five to six years in Dobrogea to build eight transformation power stations and the electrical lines which will connect wind farms to the national power grid, a total capacity of 4,000 MW.

Martin Harris, the newly- appointed British ambassador to Romania, said UK supports Romania's agreement with the IMF, adding this program should continue as it represents a positive signal sent to foreign investors.

Romania ranks 67th of the 137 countries included in the world competitiveness report issued by the World Economic Forum. The country is down three places compared to last year.

Romania's economy is expected to shrink two percent in 2010 and will increase between 1.5 and 2 percent in 2011, reads the additional letter of intent to the International Monetary Fund (IMF) approved by the Government. "The economic recovery will be delayed due to persisting low domestic demand, the unfavorable regional context and the recent floods," reads the document.

RBS Romania will move its headquarters to a 8,700 sqm space in Lake View office building on Barbu Vacarescu boulevard at the beginning of November. The bank will occupy the ground floor of the building, where it will have a branch, as well as the first three floors of the office building, according to its representatives

Online retailer eMAG has opened a 300 sqm showroom in Constanta, the biggest in its chain outside Bucharest so far and expects the showroom to bring revenues of EUR 1 million this year and EUR 3.5 million next year, according to Iulian Stanciu, director of eMAG.ro. This is the company's second largest showroom, after the one in Bucharest.

The local subsidiary of the Royal Bank of Scotland (RBS) has reshuffled its administration council, which now includes four executive members- Johan Gabriels, the bank's CEO, Magdalena Manea, Robert Hadley and Robert Karreman, the bank's vice-presidents, as well as five non-executive members – Roxana Moldova, Adrian Manaicu, Phil McDuell, Jeroen Kremers and Gianni Piolini.

Romanian businessman Sorin Ovidiu Vantu is the third local media owner who has been detained for 24 hours, after Dinu Patriciu, the current owner of Adevarul Holding, and Dan Diaconescu, owner of OTV Tv station.

Movies this week-end: The Girl with the Dragon Tattoo, Going the Distance, The American. Watch trailers.

Romanian media owner Sorin Ovidiu Vantu (in picture) was arrested for 29 days, after being initially set to be detained for only 24 hours on Thursady, being accused in the case of Nicolae Popa, former head of bankrupt FNI's brokerage firm, who has fled the country. The trial where his 29-day arrest was decided was held late at night on Thursday.

State-owned energy transport company Transelectrica will invest around EUR 250 million in the next five to six years in Dobrogea to build eight transformation power stations and the electrical lines which will connect wind farms to the national power grid, a total capacity of 4,000 MW.

Martin Harris, the newly- appointed British ambassador to Romania, said UK supports Romania's agreement with the IMF, adding this program should continue as it represents a positive signal sent to foreign investors.

Romania ranks 67th of the 137 countries included in the world competitiveness report issued by the World Economic Forum. The country is down three places compared to last year.

Romania's economy is expected to shrink two percent in 2010 and will increase between 1.5 and 2 percent in 2011, reads the additional letter of intent to the International Monetary Fund (IMF) approved by the Government. "The economic recovery will be delayed due to persisting low domestic demand, the unfavorable regional context and the recent floods," reads the document.

RBS Romania will move its headquarters to a 8,700 sqm space in Lake View office building on Barbu Vacarescu boulevard at the beginning of November. The bank will occupy the ground floor of the building, where it will have a branch, as well as the first three floors of the office building, according to its representatives

Online retailer eMAG has opened a 300 sqm showroom in Constanta, the biggest in its chain outside Bucharest so far and expects the showroom to bring revenues of EUR 1 million this year and EUR 3.5 million next year, according to Iulian Stanciu, director of eMAG.ro. This is the company's second largest showroom, after the one in Bucharest.

The local subsidiary of the Royal Bank of Scotland (RBS) has reshuffled its administration council, which now includes four executive members- Johan Gabriels, the bank's CEO, Magdalena Manea, Robert Hadley and Robert Karreman, the bank's vice-presidents, as well as five non-executive members – Roxana Moldova, Adrian Manaicu, Phil McDuell, Jeroen Kremers and Gianni Piolini.

Romanian businessman Sorin Ovidiu Vantu is the third local media owner who has been detained for 24 hours, after Dinu Patriciu, the current owner of Adevarul Holding, and Dan Diaconescu, owner of OTV Tv station.