The Romanian government plans to keep the flat tax rate unchanged at 16 percent at least until 2013, according to the country’s three-year fiscal strategy approved Wednesday. The document doesn't indicate whether the value added tax rate will be modified over the next three years. In July, the government raised the VAT to 24 percent from 19 percent to boost state revenues.

Asesoft group, owned by Romanian investors Sebastian Ghita and Iulian Stanciu, has taken over the majority share package in IT&C retailer Flanco, the retailer has announced. The new owners will inject EUR 4 million into the retailer's capital in the following months, while banks will receive EUR 10 million in the following six months, according to Flanco's reorganization plans

French retailer Auchan has chosen a smaller format for its future store Iasi, pursuing an area half the size of its usual store formats so far. Auchan will open a 5,000 sqm store in mixed project Palas Iasi in the second half of next year.

The Passport is the English translation of Der Mensch ist ein grosser Fasan auf der Welt (Man is a great pheasant in the world), written in 1986. It is a novel (or novella) about a Romanian (ethnic German) man,Windisch, a village miller, who searches a way to bribe the communist officials for a passport which will allow him and his family to return to West Germany.

The Bucharest sector 2 City Hall plans to build a cable car ('telegondola') crossing the northern Bucharest lakes and is preparing the bid to choose the company which will offer consultancy for the zonal urban planning needed for the project. The consultancy fee will reach EUR 150,000. The consultancy bid will take place on September 20.

Hospice Casa Sperantei charity hopes it will reach more than 100 runners for its team in the Bucharest City Marathon, which will take place on October 17 in the Romanian capital city. This will be the biggest team Hospice has had for the marathon, almost three times bigger than least year's.

If it was not for an unavoidable trip out of Bucharest, I would be running in the Bucharest City Marathon this year. I am 28, a light smoker who's been trying to quit since forever, I rarely exercise, I sit at my desk for hours, sometimes walk instead of taking the bus or taxi, but not as much as I would like, I eat at crazy hours.

Rompetrol Rafinare's shareholders Tuesday approved on principle the conversion into shares for the bonds the company failed to recover on account of Petromidia refinery's historic debt, the company announced.

Private clinic operator MedLife has leased an entire office building, Porumbaru Business Center, where it will relocate its head office, CB Richard Ellis Romania has announced. The building covers 1,200 sqm of office space. MedLife has also leased space in City Gate office building, where it will open a private clinic and a pharmacy, at the ground floor of the northern tower in City Gate (in picture).

*Two years from the start of the financial crisis, Romania fails to find the way out – in Ziarul Financiar
*South Pacific blocks 71-villa project – in Ziarul Financiar
*Valer Blidar will build railway wagons for the Czech Republic – in Ziarul Financiar
*Steel producer leases 4,300 sqm in A1 Business Park – in Ziarul Financiar
*OMV doubles petrol stations chain with just EUR 5 million – in Ziarul Financiar
*Exchange rate drops to RON 4.23 per EUR. Dealers blame it on 'Americans or the Central Bank' – in Gandul

The Romanian government plans to keep the flat tax rate unchanged at 16 percent at least until 2013, according to the country’s three-year fiscal strategy approved Wednesday. The document doesn't indicate whether the value added tax rate will be modified over the next three years. In July, the government raised the VAT to 24 percent from 19 percent to boost state revenues.

Asesoft group, owned by Romanian investors Sebastian Ghita and Iulian Stanciu, has taken over the majority share package in IT&C retailer Flanco, the retailer has announced. The new owners will inject EUR 4 million into the retailer's capital in the following months, while banks will receive EUR 10 million in the following six months, according to Flanco's reorganization plans

French retailer Auchan has chosen a smaller format for its future store Iasi, pursuing an area half the size of its usual store formats so far. Auchan will open a 5,000 sqm store in mixed project Palas Iasi in the second half of next year.

The Passport is the English translation of Der Mensch ist ein grosser Fasan auf der Welt (Man is a great pheasant in the world), written in 1986. It is a novel (or novella) about a Romanian (ethnic German) man,Windisch, a village miller, who searches a way to bribe the communist officials for a passport which will allow him and his family to return to West Germany.

The Bucharest sector 2 City Hall plans to build a cable car ('telegondola') crossing the northern Bucharest lakes and is preparing the bid to choose the company which will offer consultancy for the zonal urban planning needed for the project. The consultancy fee will reach EUR 150,000. The consultancy bid will take place on September 20.

Hospice Casa Sperantei charity hopes it will reach more than 100 runners for its team in the Bucharest City Marathon, which will take place on October 17 in the Romanian capital city. This will be the biggest team Hospice has had for the marathon, almost three times bigger than least year's.

If it was not for an unavoidable trip out of Bucharest, I would be running in the Bucharest City Marathon this year. I am 28, a light smoker who's been trying to quit since forever, I rarely exercise, I sit at my desk for hours, sometimes walk instead of taking the bus or taxi, but not as much as I would like, I eat at crazy hours.

Rompetrol Rafinare's shareholders Tuesday approved on principle the conversion into shares for the bonds the company failed to recover on account of Petromidia refinery's historic debt, the company announced.

Private clinic operator MedLife has leased an entire office building, Porumbaru Business Center, where it will relocate its head office, CB Richard Ellis Romania has announced. The building covers 1,200 sqm of office space. MedLife has also leased space in City Gate office building, where it will open a private clinic and a pharmacy, at the ground floor of the northern tower in City Gate (in picture).

*Two years from the start of the financial crisis, Romania fails to find the way out – in Ziarul Financiar
*South Pacific blocks 71-villa project – in Ziarul Financiar
*Valer Blidar will build railway wagons for the Czech Republic – in Ziarul Financiar
*Steel producer leases 4,300 sqm in A1 Business Park – in Ziarul Financiar
*OMV doubles petrol stations chain with just EUR 5 million – in Ziarul Financiar
*Exchange rate drops to RON 4.23 per EUR. Dealers blame it on 'Americans or the Central Bank' – in Gandul