Foreign direct investments to Romania (FDI) fell 36 percent to EUR1.9 billion in the first seven months of this year, from EUR 2.9 billion during the same period of last year, according to data from the Romanian Central Bank.

The local subsidiary of the Royal Bank of Scotland (RBS) has reshuffled its administration council, which now includes four executive members- Johan Gabriels, the bank's CEO, Magdalena Manea, Robert Hadley and Robert Karreman, the bank's vice-presidents, as well as five non-executive members – Roxana Moldova, Adrian Manaicu, Phil McDuell, Jeroen Kremers and Gianni Piolini.

Romanian businessman Sorin Ovidiu Vantu is the third local media owner who has been detained for 24 hours, after Dinu Patriciu, the current owner of Adevarul Holding, and Dan Diaconescu, owner of OTV Tv station.

The North Western part of the Revolution Square is flanked by the imposing building which hosts the Central University Library. The institution was created at the initiative of King Carol I (read more about him here), who set up the University Foundation in 1891. The foundation was active until 1948, when it became the Central University Library.

Martin Harris, the newly- appointed British ambassador to Romania, said UK supports Romania's agreement with the IMF, adding this program should continue as it represents a positive signal sent to foreign investors.

The Romanian Government has revised its estimate on primary spending to EUR 30.7 billion this year, from a previous EUR 30.5 billion, according to the additional letter of intent to the International Monetary Fund deal, quoted by Mediafax newswire.

Romania's economy is expected to shrink two percent in 2010 and will increase between 1.5 and 2 percent in 2011, reads the additional letter of intent to the International Monetary Fund (IMF) approved by the Government. "The economic recovery will be delayed due to persisting low domestic demand, the unfavorable regional context and the recent floods," reads the document.

RBS Romania will move its headquarters to a 8,700 sqm space in Lake View office building on Barbu Vacarescu boulevard at the beginning of November. The bank will occupy the ground floor of the building, where it will have a branch, as well as the first three floors of the office building, according to its representatives

Romania ranks fifth in Central Europe, with 33 companies among the first 500 in the region, according to a top recently published by Deloitte. The top, carried out by Deloitte in 18 countries every year, is now at its 4th edition and ranks companies by revenues from sales reported for the previous year.

The local subsidiary of the Royal Bank of Scotland (RBS) has reshuffled its administration council, which now includes four executive members- Johan Gabriels, the bank's CEO, Magdalena Manea, Robert Hadley and Robert Karreman, the bank's vice-presidents, as well as five non-executive members – Roxana Moldova, Adrian Manaicu, Phil McDuell, Jeroen Kremers and Gianni Piolini.

Foreign direct investments to Romania (FDI) fell 36 percent to EUR1.9 billion in the first seven months of this year, from EUR 2.9 billion during the same period of last year, according to data from the Romanian Central Bank.

The local subsidiary of the Royal Bank of Scotland (RBS) has reshuffled its administration council, which now includes four executive members- Johan Gabriels, the bank's CEO, Magdalena Manea, Robert Hadley and Robert Karreman, the bank's vice-presidents, as well as five non-executive members – Roxana Moldova, Adrian Manaicu, Phil McDuell, Jeroen Kremers and Gianni Piolini.

Romanian businessman Sorin Ovidiu Vantu is the third local media owner who has been detained for 24 hours, after Dinu Patriciu, the current owner of Adevarul Holding, and Dan Diaconescu, owner of OTV Tv station.

The North Western part of the Revolution Square is flanked by the imposing building which hosts the Central University Library. The institution was created at the initiative of King Carol I (read more about him here), who set up the University Foundation in 1891. The foundation was active until 1948, when it became the Central University Library.

Martin Harris, the newly- appointed British ambassador to Romania, said UK supports Romania's agreement with the IMF, adding this program should continue as it represents a positive signal sent to foreign investors.

The Romanian Government has revised its estimate on primary spending to EUR 30.7 billion this year, from a previous EUR 30.5 billion, according to the additional letter of intent to the International Monetary Fund deal, quoted by Mediafax newswire.

Romania's economy is expected to shrink two percent in 2010 and will increase between 1.5 and 2 percent in 2011, reads the additional letter of intent to the International Monetary Fund (IMF) approved by the Government. "The economic recovery will be delayed due to persisting low domestic demand, the unfavorable regional context and the recent floods," reads the document.

RBS Romania will move its headquarters to a 8,700 sqm space in Lake View office building on Barbu Vacarescu boulevard at the beginning of November. The bank will occupy the ground floor of the building, where it will have a branch, as well as the first three floors of the office building, according to its representatives

Romania ranks fifth in Central Europe, with 33 companies among the first 500 in the region, according to a top recently published by Deloitte. The top, carried out by Deloitte in 18 countries every year, is now at its 4th edition and ranks companies by revenues from sales reported for the previous year.

The local subsidiary of the Royal Bank of Scotland (RBS) has reshuffled its administration council, which now includes four executive members- Johan Gabriels, the bank's CEO, Magdalena Manea, Robert Hadley and Robert Karreman, the bank's vice-presidents, as well as five non-executive members – Roxana Moldova, Adrian Manaicu, Phil McDuell, Jeroen Kremers and Gianni Piolini.