Real estate developers Real4You Immobilien and Oasis Development have invested EUR 7 million in a 4,300 sqm shopping center in Giurgiu called Family Center. The project is anchored by a Kaufland supermarket, on 5,500 sqm, which was finalized in March this year.

TV stations FilmBox Family, FilmBox Extra and FightBox HD will be launched in Romania in the following months, according to Piotr Reich, CEO SPI International. SPI International partners Romtelecom and UPC companies on the Romania market.

Severina Pascu is the new CEO of telecom company UPC Romania, having been promoted from the chief financial officer position, according to Ziarul Financiar, quoting sources in the company.

Health care company A&D Pharma posted sales of EUR 482.2 million in the first nine months of this year, an increase of 32 percent compared to the same period of last year. The amount includes the EUR 16.7 million Q3 revenue from newly acquired Marketing & Sales operations outside of Romania.

Romania's unemployment rate was of 7.08 percent in October, slightly down from 7.35 percent a month earlier, according to the country’s employment agency ANOFM. Romania's jobless rate was 7.1 percent at this time last year.

Local company Remarul 16 Februarie, based in Cluj – Napoca, has signed an agreement with Bombardier Transportation to produce trains of high capacity in Romania. Remarul 16 Februarie will hold the exclusivity in producing and selling AGC trains in six countries in South – Eastern Europe- Romania, Greece, Bulgaria, Croatia, Serbia and Montenegro.

Romania's Culture Ministry will cut 600 jobs in public culture institutions, as well as one vacant state secretary position in its central apparatus, as per decisions adopted in the Government's Wednesday meeting, said minister Hunor Kelemen (in picture).

*BNR about the idea of adding supplementary tax for banks: we will respect the European decision – in Ziarul Financiar
*Unpleasant surprise for Petrom in the third quarter: strong RON and Kazakhstan have taken the company on the loss side – in Ziarul Financiar
*UniCredit's strategy is to increase lending and stop expenses – in Ziarul Financiar
*The Romanian – German Chamber of Commerce proposes a commercial arbitrage court for companies – in Ziarul Financiar
*Cheaper insurance policies brought a drop of business for Allianz – in Ziarul Financiar

The ice hotel near Balcea Lac in the Carpathian Mountains will be inaugurated on December 24 this year and will be opened four tourists until April 30 next year. The price of a room in the Ice Hotel will be of RON 150/person. This year, 14 rooms made of ice will be available.

Romanian migrants in Italy have set up a new political organization, called Europeans for Italy, and hope to run, alone or with other parties, in Italy’s local elections, Italian newspaper La Repubblica reported on Wednesday. The first meeting of the Europeans for Italy movement will take place Saturday in Milan. The organization already has 600 members and has branches in Genoa, Turin and Rome.

Real estate developers Real4You Immobilien and Oasis Development have invested EUR 7 million in a 4,300 sqm shopping center in Giurgiu called Family Center. The project is anchored by a Kaufland supermarket, on 5,500 sqm, which was finalized in March this year.

TV stations FilmBox Family, FilmBox Extra and FightBox HD will be launched in Romania in the following months, according to Piotr Reich, CEO SPI International. SPI International partners Romtelecom and UPC companies on the Romania market.

Severina Pascu is the new CEO of telecom company UPC Romania, having been promoted from the chief financial officer position, according to Ziarul Financiar, quoting sources in the company.

Health care company A&D Pharma posted sales of EUR 482.2 million in the first nine months of this year, an increase of 32 percent compared to the same period of last year. The amount includes the EUR 16.7 million Q3 revenue from newly acquired Marketing & Sales operations outside of Romania.

Romania's unemployment rate was of 7.08 percent in October, slightly down from 7.35 percent a month earlier, according to the country’s employment agency ANOFM. Romania's jobless rate was 7.1 percent at this time last year.

Local company Remarul 16 Februarie, based in Cluj – Napoca, has signed an agreement with Bombardier Transportation to produce trains of high capacity in Romania. Remarul 16 Februarie will hold the exclusivity in producing and selling AGC trains in six countries in South – Eastern Europe- Romania, Greece, Bulgaria, Croatia, Serbia and Montenegro.

Romania's Culture Ministry will cut 600 jobs in public culture institutions, as well as one vacant state secretary position in its central apparatus, as per decisions adopted in the Government's Wednesday meeting, said minister Hunor Kelemen (in picture).

*BNR about the idea of adding supplementary tax for banks: we will respect the European decision – in Ziarul Financiar
*Unpleasant surprise for Petrom in the third quarter: strong RON and Kazakhstan have taken the company on the loss side – in Ziarul Financiar
*UniCredit's strategy is to increase lending and stop expenses – in Ziarul Financiar
*The Romanian – German Chamber of Commerce proposes a commercial arbitrage court for companies – in Ziarul Financiar
*Cheaper insurance policies brought a drop of business for Allianz – in Ziarul Financiar

The ice hotel near Balcea Lac in the Carpathian Mountains will be inaugurated on December 24 this year and will be opened four tourists until April 30 next year. The price of a room in the Ice Hotel will be of RON 150/person. This year, 14 rooms made of ice will be available.

Romanian migrants in Italy have set up a new political organization, called Europeans for Italy, and hope to run, alone or with other parties, in Italy’s local elections, Italian newspaper La Repubblica reported on Wednesday. The first meeting of the Europeans for Italy movement will take place Saturday in Milan. The organization already has 600 members and has branches in Genoa, Turin and Rome.