he Muddy Volcanoes in Buzau county are not the volcanoes you would expect. They're not the big, real volcanoes that scare off people and clog the European airspace with volcanic ash. Not by far. But they're a pretty amazing thing, hidden somewhere in the Buzau mountains.

The initial public offering (IPO) started by the iFond Financial investment fund has been oversubscribed by 3.5 times, according to preliminary data. The fund has raised RON 7 million- the equivalent of around EUR 1.6 million. The fund will invest half of its assets in Fondul Proprietatea shares.

Car maker Ford will start production of a new car in its factory in Romania next year. It will be a small-size car which is not yet in Ford's portfolio, according to John Fleming, head of global manufacturing and labor affairs. 150,000 units of the new car will be produced each year, according to Fleming. Production should start towards September next year.

Romania's wheat crop has been affected by floods and will stay below the expectations this season, although at a higher level than last year, according to the Agriculture Ministry. The country is expected to harvest 5.7 million tonnes of wheat, 1 million tonnes below the expected level. Most of the crop has already been harvested from 98 percent of the land.

The debut feature length movie 'Europolis', directed and produced by Romanian Cornel Gheorghita, has been selected for the International Film fetsival in Montreal, Festival des Films du Monde. The festival will take place between August 26 and September 6

Credit Europe Bank will redeem the clients whose bank accounts have been recently wiped out following unauthorized bank transactions. The bank has already repaid the first amounts and says it has the needed cash to cover these payments. It is yet to disclose the total amount which was taken out of customers' accounts.

Eugen Ionescu is a famous Romanian playwright who has developed a wide variety of surrealistic techniques in dramatics. His works initially labeled as avant-garde, helped him become one of the main playwrights of what is known as the Theater of the Absurd.

Efthimios Tsokanis is the new IT manager of telecom company Romtelecom. Tsokanis, who has taken over the new position since August 1st, has previously worked with Vivacom Bulgaria.

Gheorghe Hagi - “The Maradona of the Carpathians”, as he has been labeled by the media, is seen as the greatest Romanian football player of all times. He was the first Romanian who has played for European top clubs such as Real Madrid, Barcelona and Galatasaray. Through his outstanding dribbles, vision, execution of pass and shots from distance, he managed to impose himself as one of the world’s best players alongside Maradona or Pelé.

Israeli president Shimon Peres will start his first official visit to Romania today as part of his official tour in the region. Bulgaria was also included in his tour. Peres will meet Romanian president Traian Basescu and will take part in a commemorative ceremony for the six Israeli military who died in July after a helicopter crash in Bucegi mountains.

he Muddy Volcanoes in Buzau county are not the volcanoes you would expect. They're not the big, real volcanoes that scare off people and clog the European airspace with volcanic ash. Not by far. But they're a pretty amazing thing, hidden somewhere in the Buzau mountains.

The initial public offering (IPO) started by the iFond Financial investment fund has been oversubscribed by 3.5 times, according to preliminary data. The fund has raised RON 7 million- the equivalent of around EUR 1.6 million. The fund will invest half of its assets in Fondul Proprietatea shares.

Car maker Ford will start production of a new car in its factory in Romania next year. It will be a small-size car which is not yet in Ford's portfolio, according to John Fleming, head of global manufacturing and labor affairs. 150,000 units of the new car will be produced each year, according to Fleming. Production should start towards September next year.

Romania's wheat crop has been affected by floods and will stay below the expectations this season, although at a higher level than last year, according to the Agriculture Ministry. The country is expected to harvest 5.7 million tonnes of wheat, 1 million tonnes below the expected level. Most of the crop has already been harvested from 98 percent of the land.

The debut feature length movie 'Europolis', directed and produced by Romanian Cornel Gheorghita, has been selected for the International Film fetsival in Montreal, Festival des Films du Monde. The festival will take place between August 26 and September 6

Credit Europe Bank will redeem the clients whose bank accounts have been recently wiped out following unauthorized bank transactions. The bank has already repaid the first amounts and says it has the needed cash to cover these payments. It is yet to disclose the total amount which was taken out of customers' accounts.

Eugen Ionescu is a famous Romanian playwright who has developed a wide variety of surrealistic techniques in dramatics. His works initially labeled as avant-garde, helped him become one of the main playwrights of what is known as the Theater of the Absurd.

Efthimios Tsokanis is the new IT manager of telecom company Romtelecom. Tsokanis, who has taken over the new position since August 1st, has previously worked with Vivacom Bulgaria.

Gheorghe Hagi - “The Maradona of the Carpathians”, as he has been labeled by the media, is seen as the greatest Romanian football player of all times. He was the first Romanian who has played for European top clubs such as Real Madrid, Barcelona and Galatasaray. Through his outstanding dribbles, vision, execution of pass and shots from distance, he managed to impose himself as one of the world’s best players alongside Maradona or Pelé.

Israeli president Shimon Peres will start his first official visit to Romania today as part of his official tour in the region. Bulgaria was also included in his tour. Peres will meet Romanian president Traian Basescu and will take part in a commemorative ceremony for the six Israeli military who died in July after a helicopter crash in Bucegi mountains.