Axl Rose, the leading singer of rock band Guns n'Roses, has announced the cancellation of all upcoming concerts. The announcement came on his Twitter account. However, media reports quoting various concert organizers say this was a hoax.

Bike sharing has become an increasingly popular activity in Bucharest. I'Velo's bike sharing centers saw as many as 15,000 people using their bikes in the first week of August across Romania. Half of the users for I'Velo's free bikes were from Bucharest. Iasi and Cluj – Napoca followed with over 2,000 rentals each during the first week of August. Constanta came among last, with a bot over 1,000 rentals and, Targu Mures, with just below 800.

Drug producer Terapia Ranbaxy grew its sales by 21 percent in the first half of the year in Romania, to USD 48 million, according to the company's most recent financial report. The company was helped by the restructuring process and by rationalization, which counterbalanced the negative market conditions, according to the company.

Romanian diplomat Gabriel Grecu, who was working in Romania's embassy in Moscow, has been detained for being allegedly involved in the stealth of secret military information in Russia, according to Reuters, quoting Russia's Security Service.

The Polish film which has won the Anonimul Film Festival trophy, 'Zero', by Pawel Borowski, will be screened at the Romanian Peasant's Museum between August 17 and 22 in Bucharest. The festival's retrospective will include all the films which were awarded during the festival.

Four babies have died after a blast which took place at Giulesti Maternity hospital in Bucharest last evening. The fire, which started started in the resuscitation unit, was soon after extinguished, but 11 newborn babies were affected. They were one or two days old and premature born. As events unfolded, not all the babies had been identified, while mothers were waiting outside the hospital for news.

Romanian Railways (CFR) Calatori employees will enter a period of 60 days of technical unemployment, a period during which they will receive 75 percent of their basic salary, the company has announced. The measure will be applied to all of CFR Calatori's employees, 15,000 people, including management, who will take turns in staying at home for 60 days until the end of the year.

The Romanian technical consumer goods market has slowed down its decrease in the second quarter of the year, with sales only 15 percent lower compared to the same period of last year, found a monitoring by GfK. However, the value of this market segment was slightly lower compared to the first quarter and the negative tendency could continue, if we take into account the VAT increase from July 1st.

The Romanian feature film “If I Want To Whistle, I Whistle” by Romanian director Florin Serban is Romania’s proposal for the 2011 Academy Awards in the best foreign language film section. (trailer below)

Insurance company Ardaf posted a volume of gross subscribed premiums of EUR 33.2 million (RON 141.1 million) in the first half of the year, which was down 13.5 percent on the same period of last year. However, the company managed to post a profit of EUR 2.1 million (RON 9 million).

Axl Rose, the leading singer of rock band Guns n'Roses, has announced the cancellation of all upcoming concerts. The announcement came on his Twitter account. However, media reports quoting various concert organizers say this was a hoax.

Bike sharing has become an increasingly popular activity in Bucharest. I'Velo's bike sharing centers saw as many as 15,000 people using their bikes in the first week of August across Romania. Half of the users for I'Velo's free bikes were from Bucharest. Iasi and Cluj – Napoca followed with over 2,000 rentals each during the first week of August. Constanta came among last, with a bot over 1,000 rentals and, Targu Mures, with just below 800.

Drug producer Terapia Ranbaxy grew its sales by 21 percent in the first half of the year in Romania, to USD 48 million, according to the company's most recent financial report. The company was helped by the restructuring process and by rationalization, which counterbalanced the negative market conditions, according to the company.

Romanian diplomat Gabriel Grecu, who was working in Romania's embassy in Moscow, has been detained for being allegedly involved in the stealth of secret military information in Russia, according to Reuters, quoting Russia's Security Service.

The Polish film which has won the Anonimul Film Festival trophy, 'Zero', by Pawel Borowski, will be screened at the Romanian Peasant's Museum between August 17 and 22 in Bucharest. The festival's retrospective will include all the films which were awarded during the festival.

Four babies have died after a blast which took place at Giulesti Maternity hospital in Bucharest last evening. The fire, which started started in the resuscitation unit, was soon after extinguished, but 11 newborn babies were affected. They were one or two days old and premature born. As events unfolded, not all the babies had been identified, while mothers were waiting outside the hospital for news.

Romanian Railways (CFR) Calatori employees will enter a period of 60 days of technical unemployment, a period during which they will receive 75 percent of their basic salary, the company has announced. The measure will be applied to all of CFR Calatori's employees, 15,000 people, including management, who will take turns in staying at home for 60 days until the end of the year.

The Romanian technical consumer goods market has slowed down its decrease in the second quarter of the year, with sales only 15 percent lower compared to the same period of last year, found a monitoring by GfK. However, the value of this market segment was slightly lower compared to the first quarter and the negative tendency could continue, if we take into account the VAT increase from July 1st.

The Romanian feature film “If I Want To Whistle, I Whistle” by Romanian director Florin Serban is Romania’s proposal for the 2011 Academy Awards in the best foreign language film section. (trailer below)

Insurance company Ardaf posted a volume of gross subscribed premiums of EUR 33.2 million (RON 141.1 million) in the first half of the year, which was down 13.5 percent on the same period of last year. However, the company managed to post a profit of EUR 2.1 million (RON 9 million).