Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

Romania's furniture exports, in first four months, totaled EUR 356 million, 7.3 percent higher than in the same period of the previous year, according to the National Institute of Statistics' data. The imports amounted to EUR 90.4 million, 12.1 percent lower compared to January-April 2009.

Zdob si Zdub, a band coming from the Republic of Moldova, is preparing a new album, which will be launched around Christmas this year and which will be recorded in two versions, one for Europe and one for Romania. The album will feature songs mainly in English, with only three in Romanian.

Romanian retail sales are expected to go back to the 2007 level, after decreasing by as much as 10.4 percent in 2009, according to a recent report by advisory firm Candole. The biggest decline was in June last year, when retail sales dropped by 16.4 percent. This came after two years of economic boom, 2007 and 2008, when retail sales grew by 20 percent year-on-year.

Local band Luna Amara will play the opening for the Ozzy Osbourne concert in Bucharest, scheduled for October 2nd at Zone Arena. Coma, another Romanian band, will also play in the opening part before the concert.

Romanian meteorologists Monday issued a code yellow rain and storm advisory for 30 counties in central, northern, eastern and western parts of the country, valid from Tuesday at 2 a.m. until Tuesday at 8 p.m.

Acid jazz band 'Butterflies in my stomach' will play at the Verona Garden (Carturesti bookshop) in Bucharest on September 10, while on September 16 it will perform at the Green Hours Garden, according to the Romanian Cultural Institute (ICR).

Romanian writer Florin Iaru's photography exhibition will be opened on Wednesday, September 1st, at the Anthony Frost English Bookshop in Bucharest. The fourth issue of the photography magazine Punctum will also be launched at the event. The exhibition will be opened all thorough September.

Budgetary revenues up 7.5% in July in the wake of VAT hike announcement – in Ziarul Financiar, Rising borrowing costs eat into Banca Românească's profit – in Ziarul Financiar, Amazon competes with Continental and Bitdefender for software developers in Iaşi – in Ziarul Financiar, Intesa lost EUR 3 million in the first quarter – in Ziarul Financiar, Volksbank's assets drop nu 1.9% in second quarter, to EUR 5.2 million – in Ziarul Financiar, Malev drops flight capacity by 7% in Romania – in Ziarul Financiar

Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

Romania's furniture exports, in first four months, totaled EUR 356 million, 7.3 percent higher than in the same period of the previous year, according to the National Institute of Statistics' data. The imports amounted to EUR 90.4 million, 12.1 percent lower compared to January-April 2009.

Zdob si Zdub, a band coming from the Republic of Moldova, is preparing a new album, which will be launched around Christmas this year and which will be recorded in two versions, one for Europe and one for Romania. The album will feature songs mainly in English, with only three in Romanian.

Romanian retail sales are expected to go back to the 2007 level, after decreasing by as much as 10.4 percent in 2009, according to a recent report by advisory firm Candole. The biggest decline was in June last year, when retail sales dropped by 16.4 percent. This came after two years of economic boom, 2007 and 2008, when retail sales grew by 20 percent year-on-year.

Local band Luna Amara will play the opening for the Ozzy Osbourne concert in Bucharest, scheduled for October 2nd at Zone Arena. Coma, another Romanian band, will also play in the opening part before the concert.

Romanian meteorologists Monday issued a code yellow rain and storm advisory for 30 counties in central, northern, eastern and western parts of the country, valid from Tuesday at 2 a.m. until Tuesday at 8 p.m.

Acid jazz band 'Butterflies in my stomach' will play at the Verona Garden (Carturesti bookshop) in Bucharest on September 10, while on September 16 it will perform at the Green Hours Garden, according to the Romanian Cultural Institute (ICR).

Romanian writer Florin Iaru's photography exhibition will be opened on Wednesday, September 1st, at the Anthony Frost English Bookshop in Bucharest. The fourth issue of the photography magazine Punctum will also be launched at the event. The exhibition will be opened all thorough September.

Budgetary revenues up 7.5% in July in the wake of VAT hike announcement – in Ziarul Financiar, Rising borrowing costs eat into Banca Românească's profit – in Ziarul Financiar, Amazon competes with Continental and Bitdefender for software developers in Iaşi – in Ziarul Financiar, Intesa lost EUR 3 million in the first quarter – in Ziarul Financiar, Volksbank's assets drop nu 1.9% in second quarter, to EUR 5.2 million – in Ziarul Financiar, Malev drops flight capacity by 7% in Romania – in Ziarul Financiar