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.

Tennis tournament BCR Open Romania will organize a new edition between September 18 and 26 at Arenele BNR in Bucharest. This is the 15th edition of the event.

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.

Israeli developer Euro Habitat, which has been working on the Planorama residential projects in Bucharest, has entered insolvency at the end of June, according to Ziarul Financiar.
Euro Habitat, told the buyers of apartment in Planorama that the company was not asked to participate in court when the insolvency was decided.

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.

Former soccer player and current investor Gica Popescu (in picture) will invest EUR 10 million in a retail center in Rahova area of Bucharest, which will be called Doldora Bazaar, the businessman has announced. The retail center, which will sell both en-gross and en-detail products, will be built on the premises of a former industrial platform in the city.

Proffice, a company in the RTC group, expects to reach a ten percent market share on the encapsulated coffee products for office consumption in the next two years, a market with a potential of EUR 10 million, according to the company.

Romania's railway network was labeled in a catastrophic state due to lack of interest by authorities in a recent article by the Associated France Press. With the number of cars tripling in the last 20 years in Romania and with the degrading railways in the country, fewer and fewer passengers are choosing to ride the trains run by state-owned CFR. The company itself has been posting losses and has decided to increase the cost of a train ticket to somehow balance the loss.

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.

Tennis tournament BCR Open Romania will organize a new edition between September 18 and 26 at Arenele BNR in Bucharest. This is the 15th edition of the event.

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.

Israeli developer Euro Habitat, which has been working on the Planorama residential projects in Bucharest, has entered insolvency at the end of June, according to Ziarul Financiar.
Euro Habitat, told the buyers of apartment in Planorama that the company was not asked to participate in court when the insolvency was decided.

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.

Former soccer player and current investor Gica Popescu (in picture) will invest EUR 10 million in a retail center in Rahova area of Bucharest, which will be called Doldora Bazaar, the businessman has announced. The retail center, which will sell both en-gross and en-detail products, will be built on the premises of a former industrial platform in the city.

Proffice, a company in the RTC group, expects to reach a ten percent market share on the encapsulated coffee products for office consumption in the next two years, a market with a potential of EUR 10 million, according to the company.

Romania's railway network was labeled in a catastrophic state due to lack of interest by authorities in a recent article by the Associated France Press. With the number of cars tripling in the last 20 years in Romania and with the degrading railways in the country, fewer and fewer passengers are choosing to ride the trains run by state-owned CFR. The company itself has been posting losses and has decided to increase the cost of a train ticket to somehow balance the loss.