Final Distribution, importer of construction materials from Gerard, Delta and Keylite, has opened a production line for gutters and downpipes in Baicoi, Prahova county. The value of the investment goes up to EUR 500,000, according to the company.

Romania could exit recession in April this year, if the positive trend recorded in the fourth quarter of the year will continue, said Romanian Prime Minister Emil Boc (in picture).

Fewer Romanian companies suspended their activity in January this year compared to the same month in 2010, which could be one of the signs of incipient economic revival. The number of companies that stopped activity went down by 55.7 percent, to around 2,600, compared to the same month last year, according to the National Trade Registry (ONRC).

Radu Boitan (in picture), the director of real estate agency King Sturge in Bucharest, has been appointed chairman of the Royal Institution of Chartered Surveyors (RICS) in Romania.

The European Film Festival, organized by the Romanian Cultural Institute (ICR) will take place in Bucharest and four other cities in Romania in May this year. As many as 50 European movie productions will be screened during the festival. This is the 15th edition of the event.

French retailer Cora, which is currently working on its own shopping center in Constanta, plans to start works on two new such projects in Brasov and Bacau. The invetsment in the Brasov mall will reach around EUR 100 million.

British band Skunk Anansie will be among the headliners for the B'est Fest music festival in Romania in July this year. The band broke the news on its Twitter account and also posted an update on its official website here. The organizers of the music festival are yet to make an official announcement on this year's edition of the event.

Winter sports lovers will have the opportunity to join the snowkite and speedfly competition which will take place in Sinaia mountain resort in Romania between February 21 and 27. The event, called Winter Air Sports 2011, will take place at Cota 2000 in Sinaia.

Irish developer Caelum Development has received the building permits for the Parklake Plaza shopping center, which should be built on the premises of the former Spartac sports base in the Titan area of Bucharest. Construction works on the mall are expected to start in July this year, according to Caelum.

Shopping center City Mall in Bucharest, currently insolvent, is up for sale for EUR 33 million, according to Casa de Insolventa Transilvania, the judiciary liquidator. Victoria Holding, the owner of the mall, has a debt of around EUR 73 million. The shopping center filed for insolvency in November last year. Australian investment fund APN UKA bought the shopping center in 2006 for EUR 103.5 million.

Final Distribution, importer of construction materials from Gerard, Delta and Keylite, has opened a production line for gutters and downpipes in Baicoi, Prahova county. The value of the investment goes up to EUR 500,000, according to the company.

Romania could exit recession in April this year, if the positive trend recorded in the fourth quarter of the year will continue, said Romanian Prime Minister Emil Boc (in picture).

Fewer Romanian companies suspended their activity in January this year compared to the same month in 2010, which could be one of the signs of incipient economic revival. The number of companies that stopped activity went down by 55.7 percent, to around 2,600, compared to the same month last year, according to the National Trade Registry (ONRC).

Radu Boitan (in picture), the director of real estate agency King Sturge in Bucharest, has been appointed chairman of the Royal Institution of Chartered Surveyors (RICS) in Romania.

The European Film Festival, organized by the Romanian Cultural Institute (ICR) will take place in Bucharest and four other cities in Romania in May this year. As many as 50 European movie productions will be screened during the festival. This is the 15th edition of the event.

French retailer Cora, which is currently working on its own shopping center in Constanta, plans to start works on two new such projects in Brasov and Bacau. The invetsment in the Brasov mall will reach around EUR 100 million.

British band Skunk Anansie will be among the headliners for the B'est Fest music festival in Romania in July this year. The band broke the news on its Twitter account and also posted an update on its official website here. The organizers of the music festival are yet to make an official announcement on this year's edition of the event.

Winter sports lovers will have the opportunity to join the snowkite and speedfly competition which will take place in Sinaia mountain resort in Romania between February 21 and 27. The event, called Winter Air Sports 2011, will take place at Cota 2000 in Sinaia.

Irish developer Caelum Development has received the building permits for the Parklake Plaza shopping center, which should be built on the premises of the former Spartac sports base in the Titan area of Bucharest. Construction works on the mall are expected to start in July this year, according to Caelum.

Shopping center City Mall in Bucharest, currently insolvent, is up for sale for EUR 33 million, according to Casa de Insolventa Transilvania, the judiciary liquidator. Victoria Holding, the owner of the mall, has a debt of around EUR 73 million. The shopping center filed for insolvency in November last year. Australian investment fund APN UKA bought the shopping center in 2006 for EUR 103.5 million.