Romania will rapidly outrun many countries in the region if it solves the transport issue, by using European funds to develop projects in this area, among others, said Andreas Treichl (in picture), general manager and president of the Erste group.

*Head of BCR says the economy shows signs of revival – in Ziarul Financiar
*Dacia will exceed 500,000 cars from 2012 – in Ziarul Financiar
*Romanians spend 72% of revenues on consumption and only 2% on investments – in Ziarul Financiar
*Bucharest comes last in foreign investors' eye – in Ziarul Financiar

Zoltan Boszormenyi was born in 1951 in Arad, Romania. He started out studying ballet at a Hungarian high school in Cluj, he arrived in Canada where he graduated from York University of Toronto with a major in philosophy and now he is among the best known Romanian-born writers.

Romanian unionists affiliated with education union federations FEN and ‘Spiru Haret’ will stage protests outside the Presidential Palace on October 5, the World Teachers’ Day. Spiru Haret union leader Gheorghe Isvoranu said unionists protest over salary cuts and the country's education bill which makes the wage cut measure permanent, although the Constitutional Court said it should be temporary.

French hypermarket chain Cora has signed a lease agreement to open a hypermarket in GTC's Galleria Arad, which will be inaugurated in 2011. Romania Hypermarche, which runs the Cora hypermarket chain in Romania, will open a 9,000 sqm hypermarket in Galleria Arad as the first shop in the city.

Romania climbed to the fifth position in the third quarter of 2010 in a spam sending country top, from the eighth position in the previous quarter, IT security solution provider Panda Security said in a report. According to the report, in the third quarter of 2010, the first ten worst spammers sent 55 percent of the total unwanted messages.

Bucharest is down five places on last year's ranking in the European Cities Monitor by real estate consultancy Cushman & Wakefield. The Romanian Capital city ranks second to last, on the 35th position, being followed only by Athens. The top takes into account companies' preferences on European cities where they could expand, looking at several criteria, among which the cost of staff.

Romanian writer Norman Manea will be on a tour in Spain in the first part of October, where he will meet Spanish writer Antonio Muñoz Molina. The tour is organized by the Romanian Cultural Institute in Madrid (ICR).

The number of foreign tourists who entered Romania was 8.9 percent higher in August compared with the same month a year before, while the number of tourists accommodated was down 15.2 percent on the year, the National Statistics Institute said Monday.

The famous 'Ox Cart' painting by Romanian painter Nicolae Grigorescu, which was auctioned for EUR 155,000 last week in Bucharest, is among the most expensive art works sold in Romania so far. The painting's value was estimated between EUR 150,000 and EUR 250,000. The painting was sold at Artmark's auction last week and the buyer was Romanian investor Mircea Cristian Vescan, the owner of Armax Gaz Medias, according to Romanian media.

Romania will rapidly outrun many countries in the region if it solves the transport issue, by using European funds to develop projects in this area, among others, said Andreas Treichl (in picture), general manager and president of the Erste group.

*Head of BCR says the economy shows signs of revival – in Ziarul Financiar
*Dacia will exceed 500,000 cars from 2012 – in Ziarul Financiar
*Romanians spend 72% of revenues on consumption and only 2% on investments – in Ziarul Financiar
*Bucharest comes last in foreign investors' eye – in Ziarul Financiar

Zoltan Boszormenyi was born in 1951 in Arad, Romania. He started out studying ballet at a Hungarian high school in Cluj, he arrived in Canada where he graduated from York University of Toronto with a major in philosophy and now he is among the best known Romanian-born writers.

Romanian unionists affiliated with education union federations FEN and ‘Spiru Haret’ will stage protests outside the Presidential Palace on October 5, the World Teachers’ Day. Spiru Haret union leader Gheorghe Isvoranu said unionists protest over salary cuts and the country's education bill which makes the wage cut measure permanent, although the Constitutional Court said it should be temporary.

French hypermarket chain Cora has signed a lease agreement to open a hypermarket in GTC's Galleria Arad, which will be inaugurated in 2011. Romania Hypermarche, which runs the Cora hypermarket chain in Romania, will open a 9,000 sqm hypermarket in Galleria Arad as the first shop in the city.

Romania climbed to the fifth position in the third quarter of 2010 in a spam sending country top, from the eighth position in the previous quarter, IT security solution provider Panda Security said in a report. According to the report, in the third quarter of 2010, the first ten worst spammers sent 55 percent of the total unwanted messages.

Bucharest is down five places on last year's ranking in the European Cities Monitor by real estate consultancy Cushman & Wakefield. The Romanian Capital city ranks second to last, on the 35th position, being followed only by Athens. The top takes into account companies' preferences on European cities where they could expand, looking at several criteria, among which the cost of staff.

Romanian writer Norman Manea will be on a tour in Spain in the first part of October, where he will meet Spanish writer Antonio Muñoz Molina. The tour is organized by the Romanian Cultural Institute in Madrid (ICR).

The number of foreign tourists who entered Romania was 8.9 percent higher in August compared with the same month a year before, while the number of tourists accommodated was down 15.2 percent on the year, the National Statistics Institute said Monday.

The famous 'Ox Cart' painting by Romanian painter Nicolae Grigorescu, which was auctioned for EUR 155,000 last week in Bucharest, is among the most expensive art works sold in Romania so far. The painting's value was estimated between EUR 150,000 and EUR 250,000. The painting was sold at Artmark's auction last week and the buyer was Romanian investor Mircea Cristian Vescan, the owner of Armax Gaz Medias, according to Romanian media.