The mountain resort of Predeal will become the stage for the first edition of Predeal Trophy, a mountain bike competition taking place on September 25. This comes after the first edition of mountain bike challenge in Azuga, on July 18 this year.

Romania will have a functional online payments system from January 1st, 2011, according to the Romanian Communication Ministry.

The bankruptcy of local business partners is one of the most frequent problems for German, Austrian and Swiss investors in Romania, according to consultancy and audit firm LeitnerLeitner.

*Fiscal Authority seizes land plots and installations from Petromidia – in Ziarul Financiar
*Best paid lawyer made EUR 3 million last year – in Ziarul Financiar
*Provisions eat EUR 228 million out of banks' revenues in July – in Ziarul Financiar
*BCR, valued by Austrians at EUR 2.6 billion – in Ziarul Financiar
*French Cora bets on smaller stores – in Ziarul Financiar

An event which will bring back the charm of the days of old in Bucharest will take place on September 18 and 19 in the Kiseleff Park. The event, called 'Sindrofie la Sosea' (Street jamboree), is organized by the Bright Light consortium and is a stage in the Bucharest in one day project.

Calendar of events for the week SEptember 13-16

Oil company Rompetrol Rafinare's assets and its participations in subsidiaries have been seized by the Romanian Fiscal Authority (ANAF) in an attempt to recover a USD 570 million debt and prevent the alienation of these assets. The company's main asset is the Petromidia refinery.

Brasov, the city at the foot of the Tampa Mountains in the Eastern Carpathians will host the third edition of one of the most challenging, yet entertaining competitions in Romania, called “The Citadel of Brasov” Duathlon.

Romania’s Government pledged in its additional Memorandum of Understanding agreed with the European Union to extend the income taxation pool by taxing food vouchers and bank deposit interest, as well as by gradually eliminating income tax exemptions for computer programmers.

Russian natural gas giant Gazprom Friday said Romania confirmed its interest in the South Stream pipeline project. A Russian delegation met with Romanian officials Friday to discuss potential joint projects in the energy sector, particularly about setting up underground gas storage facilities in Romania.

The mountain resort of Predeal will become the stage for the first edition of Predeal Trophy, a mountain bike competition taking place on September 25. This comes after the first edition of mountain bike challenge in Azuga, on July 18 this year.

Romania will have a functional online payments system from January 1st, 2011, according to the Romanian Communication Ministry.

The bankruptcy of local business partners is one of the most frequent problems for German, Austrian and Swiss investors in Romania, according to consultancy and audit firm LeitnerLeitner.

*Fiscal Authority seizes land plots and installations from Petromidia – in Ziarul Financiar
*Best paid lawyer made EUR 3 million last year – in Ziarul Financiar
*Provisions eat EUR 228 million out of banks' revenues in July – in Ziarul Financiar
*BCR, valued by Austrians at EUR 2.6 billion – in Ziarul Financiar
*French Cora bets on smaller stores – in Ziarul Financiar

An event which will bring back the charm of the days of old in Bucharest will take place on September 18 and 19 in the Kiseleff Park. The event, called 'Sindrofie la Sosea' (Street jamboree), is organized by the Bright Light consortium and is a stage in the Bucharest in one day project.

Calendar of events for the week SEptember 13-16

Oil company Rompetrol Rafinare's assets and its participations in subsidiaries have been seized by the Romanian Fiscal Authority (ANAF) in an attempt to recover a USD 570 million debt and prevent the alienation of these assets. The company's main asset is the Petromidia refinery.

Brasov, the city at the foot of the Tampa Mountains in the Eastern Carpathians will host the third edition of one of the most challenging, yet entertaining competitions in Romania, called “The Citadel of Brasov” Duathlon.

Romania’s Government pledged in its additional Memorandum of Understanding agreed with the European Union to extend the income taxation pool by taxing food vouchers and bank deposit interest, as well as by gradually eliminating income tax exemptions for computer programmers.

Russian natural gas giant Gazprom Friday said Romania confirmed its interest in the South Stream pipeline project. A Russian delegation met with Romanian officials Friday to discuss potential joint projects in the energy sector, particularly about setting up underground gas storage facilities in Romania.