Movies in Bucharest cinema opening on October 22 and on screens until October 28; upcoming movies

Romania-insider.com has discovered two new Romanian bands you might want to check out. They are part of a new generation of young local artists who come up with songs and sounds of foreign inspiration– and yes, their songs are mostly in English (so far).

The Sensation dance event due for December 31st in Bucharest this year has been canceled due to issues related to the local promoter in Romania. “The local promoter in Romania is unable to meet the agreed financial and operational obligations. Therefore we are forced to withdraw Sensation Romania 2010/2011 from the event schedule,” according to an announcement on the Sensation website.

The European Commission has approved a EUR 124.3 million financing for the Arad – Timisoara highway from the EU's Cohesion Fund. The project includes a 44.5 km highway between Arad and Timisoara, out of which 12.25 km represent the Arad bypass. The highway segment is part of the 7th priority transport corridor which crosses Romania from Nadlac to Constanta.

Romanian authorities and representatives of the International Monetary Fund discussed Thursday about the privatization of Oltchim and Cuprumin, as well as stake sales in other state-owned energy companies, according to the Economy Ministry. The meeting included talks on company activity optimization, which would include stake sales, reorganization in view of privatization and the recapitalization of several companies, by drawing investment.

Romanians buy less than last year but several products stay at the top of the shopping list, such as water, medicine, sweets, coffee, according to Daedalus Group. Around 60 percent of Romanians have said they buy less this year than they did last year.

The traditional retail market in Romania is worth EUR 15 billion and traditional stores will survive the fight with modern formats and the financial and economical crisis, according to Milos Ryba, senior retail analyst with Planet Retail consultancy firm.

Telecom company Cosmote Romania's roaming voice traffic tripled during the period May – August 2010 compared to the same period of last year, while the data traffic grew five-fold during the same period, the company has announced. Cosmote users traveled to Italy, Germany, Bulgaria, Greece and Spain.

Italian actor and director Michele Placido, known for his Corrado Cattani role in the mafia movie La Piovra, is in Romania for a cinema project about Italy in the 60s and the Italian migration to Romania. Placido will collaborate with Romanian director and producer Bobby Paunescu for this project.

The International Monetary Fund and the Romanian authorities have already agreed on next year's budget parameters, Jeffey Franks, head of the IMF mission to Bucharest, said Wednesday. The 2011 budget must be adjusted according to necessities, said Franks when asked by journalists about his view on the parliament's decisions to cut the value added tax level for staple food and to lift the income tax on small pensions.

Movies in Bucharest cinema opening on October 22 and on screens until October 28; upcoming movies

Romania-insider.com has discovered two new Romanian bands you might want to check out. They are part of a new generation of young local artists who come up with songs and sounds of foreign inspiration– and yes, their songs are mostly in English (so far).

The Sensation dance event due for December 31st in Bucharest this year has been canceled due to issues related to the local promoter in Romania. “The local promoter in Romania is unable to meet the agreed financial and operational obligations. Therefore we are forced to withdraw Sensation Romania 2010/2011 from the event schedule,” according to an announcement on the Sensation website.

The European Commission has approved a EUR 124.3 million financing for the Arad – Timisoara highway from the EU's Cohesion Fund. The project includes a 44.5 km highway between Arad and Timisoara, out of which 12.25 km represent the Arad bypass. The highway segment is part of the 7th priority transport corridor which crosses Romania from Nadlac to Constanta.

Romanian authorities and representatives of the International Monetary Fund discussed Thursday about the privatization of Oltchim and Cuprumin, as well as stake sales in other state-owned energy companies, according to the Economy Ministry. The meeting included talks on company activity optimization, which would include stake sales, reorganization in view of privatization and the recapitalization of several companies, by drawing investment.

Romanians buy less than last year but several products stay at the top of the shopping list, such as water, medicine, sweets, coffee, according to Daedalus Group. Around 60 percent of Romanians have said they buy less this year than they did last year.

The traditional retail market in Romania is worth EUR 15 billion and traditional stores will survive the fight with modern formats and the financial and economical crisis, according to Milos Ryba, senior retail analyst with Planet Retail consultancy firm.

Telecom company Cosmote Romania's roaming voice traffic tripled during the period May – August 2010 compared to the same period of last year, while the data traffic grew five-fold during the same period, the company has announced. Cosmote users traveled to Italy, Germany, Bulgaria, Greece and Spain.

Italian actor and director Michele Placido, known for his Corrado Cattani role in the mafia movie La Piovra, is in Romania for a cinema project about Italy in the 60s and the Italian migration to Romania. Placido will collaborate with Romanian director and producer Bobby Paunescu for this project.

The International Monetary Fund and the Romanian authorities have already agreed on next year's budget parameters, Jeffey Franks, head of the IMF mission to Bucharest, said Wednesday. The 2011 budget must be adjusted according to necessities, said Franks when asked by journalists about his view on the parliament's decisions to cut the value added tax level for staple food and to lift the income tax on small pensions.