Online retailer eMAG has opened a 300 sqm showroom in Constanta, the biggest in its chain outside Bucharest so far and expects the showroom to bring revenues of EUR 1 million this year and EUR 3.5 million next year, according to Iulian Stanciu, director of eMAG.ro. This is the company's second largest showroom, after the one in Bucharest.

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.

Romanian media owner Sorin Ovidiu Vantu (in picture) was arrested for 29 days, after being initially set to be detained for only 24 hours on Thursady, being accused in the case of Nicolae Popa, former head of bankrupt FNI's brokerage firm, who has fled the country. The trial where his 29-day arrest was decided was held late at night on Thursday.

State-owned energy transport company Transelectrica will invest around EUR 250 million in the next five to six years in Dobrogea to build eight transformation power stations and the electrical lines which will connect wind farms to the national power grid, a total capacity of 4,000 MW.

Victor Armaselu is the new vicepresident for sales and distribution with Ursus Breweries, having been promoted from the trade marketing director position, where he was also dealing with the marketing management for the Stejar beer. Armaselu, 39, replaces Andrei Haret, who took over the helm of Dreher Breweries, SABMiller's Hungary subsidiary.

For the third consecutive year, Romania will take part in The Mayor's Thames Festival, with a traditional stand and a series of live acts organized by the Romanian Cultural Institute in London. The event will take place on September 11 and 12, between 12 noon and 10pm, on the South Bank riverside walkway, from Westminster Bridge to Tower Bridge. Admission is free.

Romanian film Passo Doble (Pas Dublu), directed by Dan Pita, will be screened at the Romanian Cultural Institute in London on September 23 starting 7pm. The film, in Romania with English subtitles, features actors Claudiu Bleont, Petre Nicolae, Anda Onesa, Ecaterina Nazare.

Traditional Japanese drums (Taiko) performer Eitetsu Hayashi will hold a concert in Bucharest on October 20, 19,00 hours, together with the George Enescu orchestra at the Sala Palatului hall in Bucharest. A second show will follow in Sibiu, on October 23. Hayashi will perform compositions of George Enescu, Ciprian Porumbescu, Béla Bartók, Doru Popovici, Tiberiu Olah and Grigoras Dinicu.

Romanian beer sales dropped by 11 percent in the first half of the year, compared to the same interval in 2009, to about eight million hectoliters, accordin

The Swiss franc – Romanian leu exchange rate reached a peak of RON 3.35 per franc on Wednesday, after the Swiss currency has continuously appreciated throughout the year. The Romanian currency depreciated by 18 percent against the Swiss franc compared to January this year.

Online retailer eMAG has opened a 300 sqm showroom in Constanta, the biggest in its chain outside Bucharest so far and expects the showroom to bring revenues of EUR 1 million this year and EUR 3.5 million next year, according to Iulian Stanciu, director of eMAG.ro. This is the company's second largest showroom, after the one in Bucharest.

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.

Romanian media owner Sorin Ovidiu Vantu (in picture) was arrested for 29 days, after being initially set to be detained for only 24 hours on Thursady, being accused in the case of Nicolae Popa, former head of bankrupt FNI's brokerage firm, who has fled the country. The trial where his 29-day arrest was decided was held late at night on Thursday.

State-owned energy transport company Transelectrica will invest around EUR 250 million in the next five to six years in Dobrogea to build eight transformation power stations and the electrical lines which will connect wind farms to the national power grid, a total capacity of 4,000 MW.

Victor Armaselu is the new vicepresident for sales and distribution with Ursus Breweries, having been promoted from the trade marketing director position, where he was also dealing with the marketing management for the Stejar beer. Armaselu, 39, replaces Andrei Haret, who took over the helm of Dreher Breweries, SABMiller's Hungary subsidiary.

For the third consecutive year, Romania will take part in The Mayor's Thames Festival, with a traditional stand and a series of live acts organized by the Romanian Cultural Institute in London. The event will take place on September 11 and 12, between 12 noon and 10pm, on the South Bank riverside walkway, from Westminster Bridge to Tower Bridge. Admission is free.

Romanian film Passo Doble (Pas Dublu), directed by Dan Pita, will be screened at the Romanian Cultural Institute in London on September 23 starting 7pm. The film, in Romania with English subtitles, features actors Claudiu Bleont, Petre Nicolae, Anda Onesa, Ecaterina Nazare.

Traditional Japanese drums (Taiko) performer Eitetsu Hayashi will hold a concert in Bucharest on October 20, 19,00 hours, together with the George Enescu orchestra at the Sala Palatului hall in Bucharest. A second show will follow in Sibiu, on October 23. Hayashi will perform compositions of George Enescu, Ciprian Porumbescu, Béla Bartók, Doru Popovici, Tiberiu Olah and Grigoras Dinicu.

Romanian beer sales dropped by 11 percent in the first half of the year, compared to the same interval in 2009, to about eight million hectoliters, accordin

The Swiss franc – Romanian leu exchange rate reached a peak of RON 3.35 per franc on Wednesday, after the Swiss currency has continuously appreciated throughout the year. The Romanian currency depreciated by 18 percent against the Swiss franc compared to January this year.