Romania should allot consistent sums of money for developing infrastructure, even in the context of current budgetary constrains, in order to maximize the country's potential to become a logistics hub in Central and Eastern Europe, according to PricewaterhouseCoopers.

Six ministers from the current Government line up will change. Finance Minister Sebastian Vladescu, Agriculture Minister Mihail Dumitru, Labor Minister Mihai Seitan, Communication Minister Gabriel Sandu, as well as Economy Minister Adriean Videanu.

Romanian large and medium taxpayers will submit their fiscal statements online as of October 1, through the National Electronic System (SEN), the Ministry of Communications announced on Thursday.

Movies this week-end in Romania: Step Up, Marmaduke, Macete

Labor contracts are often not respected by employers in Romania and the penalties for such acts are minor and rarely enforced, but the rights of employees are, for the most part, respected, says a Freedom House report on workers’ rights around the world.

Romanian media

Head of euro zone, Trichet, to attend Romanian central Bank's 130th anniversary on Sunday – in Ziarul...

Elisabeta Lipa is a famous Romanian rower that has a pile of sport records. In her rowing career she competed in six Olympics and she won at least one medal in each of them. She holds the rowing record for most Olympic medals won (eight, five of them gold) and at the Sydney Summer Olympics she became the oldest oarswoman to win a gold medal.

Household consumption of consumer goods dropped by 4 percent in Romanian currency in the first six months of the year, compared to the same period of last year, which is the first decline in the last ten years, found a study by GfK Romania. “This is the first decline in the last ten years, during which the year-on-year growth rates varied between 7 and 25 percent. In a less friendly economic and political context, consumers paid fewer visits to stores, supermarket being among most affected,” said Raluca Raschip, consumer tracking director with GfK Romania.

Christophe De Korver has been appointed Managing Director of Gefco Romania, replacing Denis Renard, who has been at the helm of the company in Romania for the last six years. Denis Renard will take the helm of Gefco in Slovakia.

Romania's international reserves went up by EUR 227 million – 0.65 percent in August compared to July, reaching EUR 34.7 billion, according to the Romanian Central Bank (BNR). The reserves include gold and foreign currency. The foreign currency reserves reached EUR 31.55 billion at the end of August this year, slightly down on the EUR 31.58 billion at the end of July.

Romania should allot consistent sums of money for developing infrastructure, even in the context of current budgetary constrains, in order to maximize the country's potential to become a logistics hub in Central and Eastern Europe, according to PricewaterhouseCoopers.

Six ministers from the current Government line up will change. Finance Minister Sebastian Vladescu, Agriculture Minister Mihail Dumitru, Labor Minister Mihai Seitan, Communication Minister Gabriel Sandu, as well as Economy Minister Adriean Videanu.

Romanian large and medium taxpayers will submit their fiscal statements online as of October 1, through the National Electronic System (SEN), the Ministry of Communications announced on Thursday.

Movies this week-end in Romania: Step Up, Marmaduke, Macete

Labor contracts are often not respected by employers in Romania and the penalties for such acts are minor and rarely enforced, but the rights of employees are, for the most part, respected, says a Freedom House report on workers’ rights around the world.

Romanian media

Head of euro zone, Trichet, to attend Romanian central Bank's 130th anniversary on Sunday – in Ziarul...

Elisabeta Lipa is a famous Romanian rower that has a pile of sport records. In her rowing career she competed in six Olympics and she won at least one medal in each of them. She holds the rowing record for most Olympic medals won (eight, five of them gold) and at the Sydney Summer Olympics she became the oldest oarswoman to win a gold medal.

Household consumption of consumer goods dropped by 4 percent in Romanian currency in the first six months of the year, compared to the same period of last year, which is the first decline in the last ten years, found a study by GfK Romania. “This is the first decline in the last ten years, during which the year-on-year growth rates varied between 7 and 25 percent. In a less friendly economic and political context, consumers paid fewer visits to stores, supermarket being among most affected,” said Raluca Raschip, consumer tracking director with GfK Romania.

Christophe De Korver has been appointed Managing Director of Gefco Romania, replacing Denis Renard, who has been at the helm of the company in Romania for the last six years. Denis Renard will take the helm of Gefco in Slovakia.

Romania's international reserves went up by EUR 227 million – 0.65 percent in August compared to July, reaching EUR 34.7 billion, according to the Romanian Central Bank (BNR). The reserves include gold and foreign currency. The foreign currency reserves reached EUR 31.55 billion at the end of August this year, slightly down on the EUR 31.58 billion at the end of July.