Transdanube Industries, a company within African Steel Mills, will build a EUR 150 million steel plant and a mill in Oltenita, in Calarasi county.

Those who want to discover more about hand made and home made Romanian products will be able to see and taste some of them at a fair which will take place this week-end in Bucharest. A traditional products fair will take place between July 23 and July 25, 9,00 to 28,00 hours, at the Academy of Agricultural and Forestry Sciences in Bucharest (61 Marasti boulevard).

French musician and composer Yann Tiersen will be playing in Romania for the third time and for the second time this year. Tiersen's concert will take place on December 9 at the Silver Church Club, starting 19,00 hours. Yann Tiersen is touring to promote his new album, Dust Lane.

Romania celebrates the Romanian Aviation and Romanian Air force Day on July 20. Military and religious ceremonies will take place on Tuesday morning, starting 9,00 hours, in Aviatorilor square, at the Air Heroes monument.

The American Chamber of Commerce in Romania (AmCham Romania), which has recently organized a round table on labor issues, has asked for a sound education system, connected to the economic and social realities. “This will ensure a competitive human capital, able to deal with the changes of a changing economy and more sophisticated demands regarding performance and competence standards,” writes the AmCham in a statement.

The International Centre for Settlement of Investment Disputes (ICSID) in Washington has decided to close the claim opened by S&T Oil Equipment and Machinery against Romania, Tuca, Zbarcea & Asociatii has announced. The decision was due to the fact that S&T Oil Equipment and Machinery had not paid the required arbitration expenses, so the court has closed the case.

The effects of the breakdown of negotiations between the International Monetary Fund and Hungary, which were visible on the country's monetary and financial market, could become contagious for other countries in the region, warned Thomas Mirow, head of the European Bank for Reconstruction and Development. Hungarian currency forint went down 3 percent the day after the new broke.

A recent report from the European Commission on the reforms in the judiciary system points out several shortcomings of the Romanian system while praising Bulgaria. The Commission has asked Romania to correct the weaknesses urgently so that it can go back on track with the reform process.

Beike Biotechnology, a biotechnology company focusing on adult stem cell therapies, has opened a rehabilitation center in Campina, which uses traditional Chinese-style rehabilitation techniques. The new Romanian center is Beike's first stand-alone rehabilitation facility in the world, the company has announced.

The French Embassy to Bucharest and the French Cultural Institute in the capital city organize an event dedicated to film lovers at the Uranus 144 open air cinema. The French comedy series will start on July 24 and last until August 1st. Entry will be free of charge. See complete schedule.

Transdanube Industries, a company within African Steel Mills, will build a EUR 150 million steel plant and a mill in Oltenita, in Calarasi county.

Those who want to discover more about hand made and home made Romanian products will be able to see and taste some of them at a fair which will take place this week-end in Bucharest. A traditional products fair will take place between July 23 and July 25, 9,00 to 28,00 hours, at the Academy of Agricultural and Forestry Sciences in Bucharest (61 Marasti boulevard).

French musician and composer Yann Tiersen will be playing in Romania for the third time and for the second time this year. Tiersen's concert will take place on December 9 at the Silver Church Club, starting 19,00 hours. Yann Tiersen is touring to promote his new album, Dust Lane.

Romania celebrates the Romanian Aviation and Romanian Air force Day on July 20. Military and religious ceremonies will take place on Tuesday morning, starting 9,00 hours, in Aviatorilor square, at the Air Heroes monument.

The American Chamber of Commerce in Romania (AmCham Romania), which has recently organized a round table on labor issues, has asked for a sound education system, connected to the economic and social realities. “This will ensure a competitive human capital, able to deal with the changes of a changing economy and more sophisticated demands regarding performance and competence standards,” writes the AmCham in a statement.

The International Centre for Settlement of Investment Disputes (ICSID) in Washington has decided to close the claim opened by S&T Oil Equipment and Machinery against Romania, Tuca, Zbarcea & Asociatii has announced. The decision was due to the fact that S&T Oil Equipment and Machinery had not paid the required arbitration expenses, so the court has closed the case.

The effects of the breakdown of negotiations between the International Monetary Fund and Hungary, which were visible on the country's monetary and financial market, could become contagious for other countries in the region, warned Thomas Mirow, head of the European Bank for Reconstruction and Development. Hungarian currency forint went down 3 percent the day after the new broke.

A recent report from the European Commission on the reforms in the judiciary system points out several shortcomings of the Romanian system while praising Bulgaria. The Commission has asked Romania to correct the weaknesses urgently so that it can go back on track with the reform process.

Beike Biotechnology, a biotechnology company focusing on adult stem cell therapies, has opened a rehabilitation center in Campina, which uses traditional Chinese-style rehabilitation techniques. The new Romanian center is Beike's first stand-alone rehabilitation facility in the world, the company has announced.

The French Embassy to Bucharest and the French Cultural Institute in the capital city organize an event dedicated to film lovers at the Uranus 144 open air cinema. The French comedy series will start on July 24 and last until August 1st. Entry will be free of charge. See complete schedule.