Update: Adevarul Holding, a media company owned by Romanian businessman Dinu Patriciu (in picture), has received the license to start a generalist TV station called Adevarul TV and a network of 40 local stations, all with an investment of EUR 37 million.

Romanian Prime Minister Emil Boc has recently said Romania will pay its debt to German companies doing business in the country. The Romanian PM talked about the country's debt to German companies to German Chancellor Angela Merkel, who is on an official visit to Romania.

Allegro, a company of the South – Africa-based media group Naspers has taken over 83 percent in local Gecad ePayment from Romania businessman Radu Georgescu (in picture). Naspers is at its second acquisition in Romania, after buying the Autovit.ro website.

There is a vibrant world waiting to be discovered across Romania, outside capital city Bucharest and much of it rests unknown. Some of Romania's biggest cities have a rich history, have witnessed the creation of the country's culture and some of them are currently flourishing business hubs. Romania-insider.com starts a series of articles presenting major Romania cities. This week's pick is Timisoara, the first mainland European city to to be lit by electric street lamps in 1884. This was also the city where the anti-communist revolution spark started in 1989.

The German Chancellor Angela Merkel will visit Romania on Tuesday after an official trip to Bulgaria yesterday. On her first official visit to Romania, Merkel will meet Romanian president Traian Basescu and Prime Minister Emil Boc. She will also visit the Babes- Bolyai university in Cluj, where she will receive the Doctor Honors Causa title. Merkel will also attend the inauguration of the German Studies Institute at the Babes- Bolyai university.

A Gazprom delegation led by the Russian company's general manager Alexei Miller is expected in Bucharest on Wednesday, to meet Economy Minister representatives, according to Agepres, quoting Government sources. The Economy Minister Ion Ariton will attend the meeting, along with Romgaz representatives.

Telecom solutions provider Huawei hopes to reach a 10 percent market share of mobile telephony sales in Romania by 2011, with plans to launch six new models by mid next month. The company had announced earlier this summer its plans to launch a PC tablet by the end of the year, which will sell at EUR 350.

About one third of the 3,000 employees of shipyard Daewoo - Mangalia Heavy Industries (DMHI) in southeastern Romania Monday went on general strike indefinitely disgruntled that they were denied a salary increase. Unionists demand a RON 300 lei (EIR 70.4) salary increase and a new collective work contract to be valid until the end of 2011.

Update: Adevarul Holding, a media company owned by Romanian businessman Dinu Patriciu (in picture), has received the license to start a generalist TV station called Adevarul TV and a network of 40 local stations, all with an investment of EUR 37 million.

Romanian Prime Minister Emil Boc has recently said Romania will pay its debt to German companies doing business in the country. The Romanian PM talked about the country's debt to German companies to German Chancellor Angela Merkel, who is on an official visit to Romania.

Update: Adevarul Holding, a media company owned by Romanian businessman Dinu Patriciu (in picture), has received the license to start a generalist TV station called Adevarul TV and a network of 40 local stations, all with an investment of EUR 37 million.

Romanian Prime Minister Emil Boc has recently said Romania will pay its debt to German companies doing business in the country. The Romanian PM talked about the country's debt to German companies to German Chancellor Angela Merkel, who is on an official visit to Romania.

Allegro, a company of the South – Africa-based media group Naspers has taken over 83 percent in local Gecad ePayment from Romania businessman Radu Georgescu (in picture). Naspers is at its second acquisition in Romania, after buying the Autovit.ro website.

There is a vibrant world waiting to be discovered across Romania, outside capital city Bucharest and much of it rests unknown. Some of Romania's biggest cities have a rich history, have witnessed the creation of the country's culture and some of them are currently flourishing business hubs. Romania-insider.com starts a series of articles presenting major Romania cities. This week's pick is Timisoara, the first mainland European city to to be lit by electric street lamps in 1884. This was also the city where the anti-communist revolution spark started in 1989.

The German Chancellor Angela Merkel will visit Romania on Tuesday after an official trip to Bulgaria yesterday. On her first official visit to Romania, Merkel will meet Romanian president Traian Basescu and Prime Minister Emil Boc. She will also visit the Babes- Bolyai university in Cluj, where she will receive the Doctor Honors Causa title. Merkel will also attend the inauguration of the German Studies Institute at the Babes- Bolyai university.

A Gazprom delegation led by the Russian company's general manager Alexei Miller is expected in Bucharest on Wednesday, to meet Economy Minister representatives, according to Agepres, quoting Government sources. The Economy Minister Ion Ariton will attend the meeting, along with Romgaz representatives.

Telecom solutions provider Huawei hopes to reach a 10 percent market share of mobile telephony sales in Romania by 2011, with plans to launch six new models by mid next month. The company had announced earlier this summer its plans to launch a PC tablet by the end of the year, which will sell at EUR 350.

About one third of the 3,000 employees of shipyard Daewoo - Mangalia Heavy Industries (DMHI) in southeastern Romania Monday went on general strike indefinitely disgruntled that they were denied a salary increase. Unionists demand a RON 300 lei (EIR 70.4) salary increase and a new collective work contract to be valid until the end of 2011.

Update: Adevarul Holding, a media company owned by Romanian businessman Dinu Patriciu (in picture), has received the license to start a generalist TV station called Adevarul TV and a network of 40 local stations, all with an investment of EUR 37 million.

Romanian Prime Minister Emil Boc has recently said Romania will pay its debt to German companies doing business in the country. The Romanian PM talked about the country's debt to German companies to German Chancellor Angela Merkel, who is on an official visit to Romania.