Promoting prescription medicine is forbidden on Romanian TV or radio, but broadcasters are allowed to advertise medical practices, clinics and pharmacies, according to amendments to Romania's broadcasting Code, adopted Tuesday by the National Audiovisual Council (CNA).

Shopping center City Mall in Bucharest, currently insolvent, is up for sale for EUR 33 million, according to Casa de Insolventa Transilvania, the judiciary liquidator. Victoria Holding, the owner of the mall, has a debt of around EUR 73 million. The shopping center filed for insolvency in November last year. Australian investment fund APN UKA bought the shopping center in 2006 for EUR 103.5 million.

Winter sports lovers will have the opportunity to join the snowkite and speedfly competition which will take place in Sinaia mountain resort in Romania between February 21 and 27. The event, called Winter Air Sports 2011, will take place at Cota 2000 in Sinaia.

The European Film Festival, organized by the Romanian Cultural Institute (ICR) will take place in Bucharest and four other cities in Romania in May this year. As many as 50 European movie productions will be screened during the festival. This is the 15th edition of the event.

Romanian oil company Rompetrol on Wednesday increased the pump prices of gasoline by RON 0.02 (EUR 1=RON 4.2584) per liter, while diesel fuel prices rose by RON 0.07 per liter. Thus, Efix 95 gasoline now costs RON 5.07 per liter, while Alto 101 gasoline now costs RON 5.74 per liter.

Romanian online IT&C retailer eMAG.ro posted sales of EUR 102 million last year, an increase of 60 percent on the previous year, the company has announced. It plans to further grow its sales to EUR 150 million this year.

Irish developer Caelum Development has received the building permits for the Parklake Plaza shopping center, which should be built on the premises of the former Spartac sports base in the Titan area of Bucharest. Construction works on the mall are expected to start in July this year, according to Caelum.

French retailer Cora, which is currently working on its own shopping center in Constanta, plans to start works on two new such projects in Brasov and Bacau. The invetsment in the Brasov mall will reach around EUR 100 million.

Radu Boitan (in picture), the director of real estate agency King Sturge in Bucharest, has been appointed chairman of the Royal Institution of Chartered Surveyors (RICS) in Romania.

Rompetrol Rafinare, part of the Rompetrol Group, posted a loss of USD 193 million last year, 41 percent higher than the loss reported the year before. Its turnover managed to increase, however, by 12 percent, to USD 3.5 billion.

Promoting prescription medicine is forbidden on Romanian TV or radio, but broadcasters are allowed to advertise medical practices, clinics and pharmacies, according to amendments to Romania's broadcasting Code, adopted Tuesday by the National Audiovisual Council (CNA).

Shopping center City Mall in Bucharest, currently insolvent, is up for sale for EUR 33 million, according to Casa de Insolventa Transilvania, the judiciary liquidator. Victoria Holding, the owner of the mall, has a debt of around EUR 73 million. The shopping center filed for insolvency in November last year. Australian investment fund APN UKA bought the shopping center in 2006 for EUR 103.5 million.

Winter sports lovers will have the opportunity to join the snowkite and speedfly competition which will take place in Sinaia mountain resort in Romania between February 21 and 27. The event, called Winter Air Sports 2011, will take place at Cota 2000 in Sinaia.

The European Film Festival, organized by the Romanian Cultural Institute (ICR) will take place in Bucharest and four other cities in Romania in May this year. As many as 50 European movie productions will be screened during the festival. This is the 15th edition of the event.

Romanian oil company Rompetrol on Wednesday increased the pump prices of gasoline by RON 0.02 (EUR 1=RON 4.2584) per liter, while diesel fuel prices rose by RON 0.07 per liter. Thus, Efix 95 gasoline now costs RON 5.07 per liter, while Alto 101 gasoline now costs RON 5.74 per liter.

Romanian online IT&C retailer eMAG.ro posted sales of EUR 102 million last year, an increase of 60 percent on the previous year, the company has announced. It plans to further grow its sales to EUR 150 million this year.

Irish developer Caelum Development has received the building permits for the Parklake Plaza shopping center, which should be built on the premises of the former Spartac sports base in the Titan area of Bucharest. Construction works on the mall are expected to start in July this year, according to Caelum.

French retailer Cora, which is currently working on its own shopping center in Constanta, plans to start works on two new such projects in Brasov and Bacau. The invetsment in the Brasov mall will reach around EUR 100 million.

Radu Boitan (in picture), the director of real estate agency King Sturge in Bucharest, has been appointed chairman of the Royal Institution of Chartered Surveyors (RICS) in Romania.

Rompetrol Rafinare, part of the Rompetrol Group, posted a loss of USD 193 million last year, 41 percent higher than the loss reported the year before. Its turnover managed to increase, however, by 12 percent, to USD 3.5 billion.