Net investments in the Romanian economy fell by 9.8 percent, to EUR 3 billion in the second quarter compared with the year-earlier period, due to slow activity in all sectors, according to the country’s statistics institute INS.

The first snow of the season fell in the Fagaras mountains, at Balea Lac, where it snowed for 24 hours until Thursday morning. The layer of snow reached 10 centimeters at an altitude of over 2,000 meters.

Romanian large and medium taxpayers will submit their fiscal statements online as of October 1, through the National Electronic System (SEN), the Ministry of Communications announced on Thursday.

Movies this week-end in Romania: Step Up, Marmaduke, Macete

The two Romanian opposition parties, the National Liberal Party (PNL) and the Social Democratic Party (PSD) will jointly submit a no-confidence motion against the Government, during the Parliament session this fall, according to PNL head Crin Antonescu.

Romanian telecoms regulator ANCOM (The National Authority for Management and Regulation in Communications of Romania) has stopped the tender to award the country’s first two digital TV operation licenses, the state body has announced.

Several concerts will keep you busy this autumn and long into winter. Big names like Ozzy Osbourne, Guns N'Roses, Cesaria Evora, among others, will come to Bucharest by the end of the year. Take your pick, as there's plenty of choice!

Household consumption of consumer goods dropped by 4 percent in Romanian currency in the first six months of the year, compared to the same period of last year, which is the first decline in the last ten years, found a study by GfK Romania. “This is the first decline in the last ten years, during which the year-on-year growth rates varied between 7 and 25 percent. In a less friendly economic and political context, consumers paid fewer visits to stores, supermarket being among most affected,” said Raluca Raschip, consumer tracking director with GfK Romania.

Romania's Gross Domestic Product (GDP) dropped in the first half of 2010 by 2.4 percent, compared with the first half of 2009, but registered a 0.3 percent increase in the second quarter of 2010 on this year's first quarter, according to the National Institute of Statistics (INS).

Romania's international reserves went up by EUR 227 million – 0.65 percent in August compared to July, reaching EUR 34.7 billion, according to the Romanian Central Bank (BNR). The reserves include gold and foreign currency. The foreign currency reserves reached EUR 31.55 billion at the end of August this year, slightly down on the EUR 31.58 billion at the end of July.

Net investments in the Romanian economy fell by 9.8 percent, to EUR 3 billion in the second quarter compared with the year-earlier period, due to slow activity in all sectors, according to the country’s statistics institute INS.

The first snow of the season fell in the Fagaras mountains, at Balea Lac, where it snowed for 24 hours until Thursday morning. The layer of snow reached 10 centimeters at an altitude of over 2,000 meters.

Romanian large and medium taxpayers will submit their fiscal statements online as of October 1, through the National Electronic System (SEN), the Ministry of Communications announced on Thursday.

Movies this week-end in Romania: Step Up, Marmaduke, Macete

The two Romanian opposition parties, the National Liberal Party (PNL) and the Social Democratic Party (PSD) will jointly submit a no-confidence motion against the Government, during the Parliament session this fall, according to PNL head Crin Antonescu.

Romanian telecoms regulator ANCOM (The National Authority for Management and Regulation in Communications of Romania) has stopped the tender to award the country’s first two digital TV operation licenses, the state body has announced.

Several concerts will keep you busy this autumn and long into winter. Big names like Ozzy Osbourne, Guns N'Roses, Cesaria Evora, among others, will come to Bucharest by the end of the year. Take your pick, as there's plenty of choice!

Household consumption of consumer goods dropped by 4 percent in Romanian currency in the first six months of the year, compared to the same period of last year, which is the first decline in the last ten years, found a study by GfK Romania. “This is the first decline in the last ten years, during which the year-on-year growth rates varied between 7 and 25 percent. In a less friendly economic and political context, consumers paid fewer visits to stores, supermarket being among most affected,” said Raluca Raschip, consumer tracking director with GfK Romania.

Romania's Gross Domestic Product (GDP) dropped in the first half of 2010 by 2.4 percent, compared with the first half of 2009, but registered a 0.3 percent increase in the second quarter of 2010 on this year's first quarter, according to the National Institute of Statistics (INS).

Romania's international reserves went up by EUR 227 million – 0.65 percent in August compared to July, reaching EUR 34.7 billion, according to the Romanian Central Bank (BNR). The reserves include gold and foreign currency. The foreign currency reserves reached EUR 31.55 billion at the end of August this year, slightly down on the EUR 31.58 billion at the end of July.