Local cab company Fly Taxi has recently asked for insolvency, according to Mediafax newswire. The company, owned by businessman Fernando Enciu, has lost its exclusive contract with Otopeni airport after the airport has organized a bid and has chosen several cab companies which are allowed to work in the Otopeni airport area. Fernando Enciu also runs a business in the Great Island of Braila (Insula Mare a Brailei) and owns a 7,000 sqm plot of land close to Herastrau lake.

The Romanian state is cashing in just a third of the road taxes it should receive due to the lack of an efficient control system, according to the Transport Ministry. The annual road tax potential for the state would be of EUR 500 million, but the actual road tax payments cover only EUR 130 million. This is one of the reasons for which Romania has problems with repairing roads, according to Sorin Sirbu, head of the road transport direction with the Transport Ministry. The extra amounts would still not be enough to cover the required investments in Romania's road infrastructure without a proper budget.

Constantin Tampiza, the local head of oil company Lukoil, had left the helm of the company and has been replaced by Maxim Khitrov, who became the new CEO of the local subsidiary.

How do you think Romania can be re-started and by whom (or by what)? What road should the country follow to achieve a higher level of economic development, which would allow its citizens to live decent lives? You might have seen how things were done in other countries. Share the knowledge. What would you do if you were to run this car?

The Romanian Anti-Corruption Body (DNA) has accused local media owner and journalist Dan Diaconescu of blackmailing and...

The Romanian state is cashing in just a third of the road taxes it should receive due to the lack of an efficient control system, according to the Transport Ministry. The annual road tax potential for the state would be of EUR 500 million, but the actual road tax payments cover only EUR 130 million. This is one of the reasons for which Romania has problems with repairing roads, according to Sorin Sirbu, head of the road transport direction with the Transport Ministry. The extra amounts would still not be enough to cover the required investments in Romania's road infrastructure without a proper budget.

Piraeus Bank has sold over 100 kilograms of gold bars and 1,000 gold coins since starting their offer ten months ago. In the last three months the bank has seen more buyers for its gold products and it sold a similar quantity of gold as it has in the first seven months since starting this offer. In total, the bank sold EUR 3 million worth of gold products.

Romania replacing Bulgaria in the South Stream gas pipe project is one of the options taken into account in the feasibility study for the project, said Alexander Medvedev, Gazprom vice president, quoted by RIA Novosti. The energy group is considering shifting the gas pipe course through Romania and will prepare the technical calculation for this option.

Events June 21-25 - Hotel investments seminar at Golden Tulip Mamaia, Volunteer Agenda program official launch at Europa Hall, 54 Justitiei St., Avocatnet.ro conference on latest fiscal changes, Sighisoara Film Festival. On Until June 27, Fashion show at Hilton hotel. By invitation only

The price of premium price in Romania is among the lowest in 38 European states, according to the German association ACE Auto Club Europa. The premium gas price in Romania is of EUR 1.07 per liter, compared to the European average of EUR 1.25 per liter.

Local cab company Fly Taxi has recently asked for insolvency, according to Mediafax newswire. The company, owned by businessman Fernando Enciu, has lost its exclusive contract with Otopeni airport after the airport has organized a bid and has chosen several cab companies which are allowed to work in the Otopeni airport area. Fernando Enciu also runs a business in the Great Island of Braila (Insula Mare a Brailei) and owns a 7,000 sqm plot of land close to Herastrau lake.

The Romanian state is cashing in just a third of the road taxes it should receive due to the lack of an efficient control system, according to the Transport Ministry. The annual road tax potential for the state would be of EUR 500 million, but the actual road tax payments cover only EUR 130 million. This is one of the reasons for which Romania has problems with repairing roads, according to Sorin Sirbu, head of the road transport direction with the Transport Ministry. The extra amounts would still not be enough to cover the required investments in Romania's road infrastructure without a proper budget.

Constantin Tampiza, the local head of oil company Lukoil, had left the helm of the company and has been replaced by Maxim Khitrov, who became the new CEO of the local subsidiary.

How do you think Romania can be re-started and by whom (or by what)? What road should the country follow to achieve a higher level of economic development, which would allow its citizens to live decent lives? You might have seen how things were done in other countries. Share the knowledge. What would you do if you were to run this car?

The Romanian Anti-Corruption Body (DNA) has accused local media owner and journalist Dan Diaconescu of blackmailing and...

The Romanian state is cashing in just a third of the road taxes it should receive due to the lack of an efficient control system, according to the Transport Ministry. The annual road tax potential for the state would be of EUR 500 million, but the actual road tax payments cover only EUR 130 million. This is one of the reasons for which Romania has problems with repairing roads, according to Sorin Sirbu, head of the road transport direction with the Transport Ministry. The extra amounts would still not be enough to cover the required investments in Romania's road infrastructure without a proper budget.

Piraeus Bank has sold over 100 kilograms of gold bars and 1,000 gold coins since starting their offer ten months ago. In the last three months the bank has seen more buyers for its gold products and it sold a similar quantity of gold as it has in the first seven months since starting this offer. In total, the bank sold EUR 3 million worth of gold products.

Romania replacing Bulgaria in the South Stream gas pipe project is one of the options taken into account in the feasibility study for the project, said Alexander Medvedev, Gazprom vice president, quoted by RIA Novosti. The energy group is considering shifting the gas pipe course through Romania and will prepare the technical calculation for this option.

Events June 21-25 - Hotel investments seminar at Golden Tulip Mamaia, Volunteer Agenda program official launch at Europa Hall, 54 Justitiei St., Avocatnet.ro conference on latest fiscal changes, Sighisoara Film Festival. On Until June 27, Fashion show at Hilton hotel. By invitation only

The price of premium price in Romania is among the lowest in 38 European states, according to the German association ACE Auto Club Europa. The premium gas price in Romania is of EUR 1.07 per liter, compared to the European average of EUR 1.25 per liter.