The Romanian banking system is most likely to end 2010 posting a loss, believes Dominic Bruynseels, executive president of BCR (in picture), the biggest bank on the Romanian market. “It is pretty possible to end on loss due to the pressure we've been discussing, according to RAS (the local accounting standards),” said Bruynseels when asked whether he thinks the banking system will post a loss this year.

The Little People Romania association has started a campaign in Timisoara, under the “Poti si tu” (You can too) slogan, to increase awareness and ask Timisoara citizens to join the fight against child cancer.

Romanian businessman Gigi Becali would have to pay EUR 3.3 million worth of taxes for real estate deals carried on between 2004 and 2008, the Romanian fiscal authorities (ANAF) have established, according to Mediafax, quoting unnamed sources within ANAF. The EUR 3.3 million represent VAT and penalties.

Vodafone, one of the sponsors of the upcoming Guns N'Roses concet in Bucharest, will organize contests with prizes consisting of free tickets for the concert.

Ecomaster, the ecological services company within Rompetrol Group, has finalized works on the first stage of an industrial ecological park in Prahova county, following an investment of USD 2.5 million. The project, called Ecopark, offers services for cleaning industrial waste, collecting, treating and depositing them.

Gabriel Resources, the majority shareholder in Rosia Montana Gold Corporation (RMGC), has spent EUUR 11.6 million on the Romanian mining project in the first half of the year, when the company posted a loss of EUR 21 million.

Known as the “the father of modern sculpture”, Constantin Brancusi was a painter, architect and a master of “abstract art”. Through his original work he became one of the most well-known sculptors of the 20th century and Romania’s most famous international artist.

Drug producer Zentiva posted a net profit of around EUR 6.3 million in the first half of the year, three times higher than the figure registered in the same period of last year. The company's turnover stood at almost EUR 30 million, up 35.5 percent compared to the first six months of 2009.

Telecom operator Romtelecom, subsidiary of Greek OTE, posted an operational loss of EUR 38.2 million in the first half of this year, while during the same period of last year it had posted a EUR 12.3 million profit. The company's revenues went down by 11 percent in the second quarter of the year, to EUR 178.7 million, while its EBITDA was 59 percent lower, to EUR 24.4 million.

Linda Griffin is the new general manager of the Athénée Palace Hilton Bucharest, the hotel has announced. She will start at the helm of the hotel on September 1st, following the departure of Friedrich W. Niemann. Niemann has been running the five-star hotel for the last five years.

The Romanian banking system is most likely to end 2010 posting a loss, believes Dominic Bruynseels, executive president of BCR (in picture), the biggest bank on the Romanian market. “It is pretty possible to end on loss due to the pressure we've been discussing, according to RAS (the local accounting standards),” said Bruynseels when asked whether he thinks the banking system will post a loss this year.

The Little People Romania association has started a campaign in Timisoara, under the “Poti si tu” (You can too) slogan, to increase awareness and ask Timisoara citizens to join the fight against child cancer.

Romanian businessman Gigi Becali would have to pay EUR 3.3 million worth of taxes for real estate deals carried on between 2004 and 2008, the Romanian fiscal authorities (ANAF) have established, according to Mediafax, quoting unnamed sources within ANAF. The EUR 3.3 million represent VAT and penalties.

Vodafone, one of the sponsors of the upcoming Guns N'Roses concet in Bucharest, will organize contests with prizes consisting of free tickets for the concert.

Ecomaster, the ecological services company within Rompetrol Group, has finalized works on the first stage of an industrial ecological park in Prahova county, following an investment of USD 2.5 million. The project, called Ecopark, offers services for cleaning industrial waste, collecting, treating and depositing them.

Gabriel Resources, the majority shareholder in Rosia Montana Gold Corporation (RMGC), has spent EUUR 11.6 million on the Romanian mining project in the first half of the year, when the company posted a loss of EUR 21 million.

Known as the “the father of modern sculpture”, Constantin Brancusi was a painter, architect and a master of “abstract art”. Through his original work he became one of the most well-known sculptors of the 20th century and Romania’s most famous international artist.

Drug producer Zentiva posted a net profit of around EUR 6.3 million in the first half of the year, three times higher than the figure registered in the same period of last year. The company's turnover stood at almost EUR 30 million, up 35.5 percent compared to the first six months of 2009.

Telecom operator Romtelecom, subsidiary of Greek OTE, posted an operational loss of EUR 38.2 million in the first half of this year, while during the same period of last year it had posted a EUR 12.3 million profit. The company's revenues went down by 11 percent in the second quarter of the year, to EUR 178.7 million, while its EBITDA was 59 percent lower, to EUR 24.4 million.

Linda Griffin is the new general manager of the Athénée Palace Hilton Bucharest, the hotel has announced. She will start at the helm of the hotel on September 1st, following the departure of Friedrich W. Niemann. Niemann has been running the five-star hotel for the last five years.