Calendar of events for the period August 30 - September 2

Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

Romania's furniture exports, in first four months, totaled EUR 356 million, 7.3 percent higher than in the same period of the previous year, according to the National Institute of Statistics' data. The imports amounted to EUR 90.4 million, 12.1 percent lower compared to January-April 2009.

Zdob si Zdub, a band coming from the Republic of Moldova, is preparing a new album, which will be launched around Christmas this year and which will be recorded in two versions, one for Europe and one for Romania. The album will feature songs mainly in English, with only three in Romanian.

Romanian retail sales are expected to go back to the 2007 level, after decreasing by as much as 10.4 percent in 2009, according to a recent report by advisory firm Candole. The biggest decline was in June last year, when retail sales dropped by 16.4 percent. This came after two years of economic boom, 2007 and 2008, when retail sales grew by 20 percent year-on-year.

Movies opening in Bucharest during the period August 27-29: Despicable Me, Grown Ups

There are 10.8 million people who do not pay contributions for health in Romania, which is why the country needs to broaden the tax base for those who, so far, have not contributed, while they were involved in economic activities, Prime Minister Emil Boc has said.

About 55 percent of Romania's urban population aged over 15 use the computer at least once a month and 51 percent access the Internet monthly or more often, shows the 2010 Roper Reports survey released by GfK Romania

The Danube International Tournament (TID), in which hundreds of rowing boats from the riverside countries sail from its source down to where it flows into the Black Sea, on 2,516 km, will reach the Romanian stretch between August 29 and September 9.

Calendar of events for the period August 30 - September 2

Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

Romania's furniture exports, in first four months, totaled EUR 356 million, 7.3 percent higher than in the same period of the previous year, according to the National Institute of Statistics' data. The imports amounted to EUR 90.4 million, 12.1 percent lower compared to January-April 2009.

Zdob si Zdub, a band coming from the Republic of Moldova, is preparing a new album, which will be launched around Christmas this year and which will be recorded in two versions, one for Europe and one for Romania. The album will feature songs mainly in English, with only three in Romanian.

Romanian retail sales are expected to go back to the 2007 level, after decreasing by as much as 10.4 percent in 2009, according to a recent report by advisory firm Candole. The biggest decline was in June last year, when retail sales dropped by 16.4 percent. This came after two years of economic boom, 2007 and 2008, when retail sales grew by 20 percent year-on-year.

Movies opening in Bucharest during the period August 27-29: Despicable Me, Grown Ups

There are 10.8 million people who do not pay contributions for health in Romania, which is why the country needs to broaden the tax base for those who, so far, have not contributed, while they were involved in economic activities, Prime Minister Emil Boc has said.

About 55 percent of Romania's urban population aged over 15 use the computer at least once a month and 51 percent access the Internet monthly or more often, shows the 2010 Roper Reports survey released by GfK Romania

The Danube International Tournament (TID), in which hundreds of rowing boats from the riverside countries sail from its source down to where it flows into the Black Sea, on 2,516 km, will reach the Romanian stretch between August 29 and September 9.