Romania needs an extra EUR 3 billion to pay pensions in 2011, Prime Minister Emil Boc has said. The reform of the pensions system is a step forward in ensuring the system's fairness and sustainability, he has added.

Real estate developer Asmita and investment fund European Development Convergence Company (ECDC), owners of the 765-apartment complex Asmita Gardens in Bucharest have sold EUR 3 million of housing in the complex in the first quarter of the year. 24 new families thus moved in their Asmita Gardens homes.

Trade unionists in several activity sectors have started the previously announced protests, following the failure to reach an agreement with the Romanian Government.

Romania must adopt the unitary pension system law and pay the debts of its public hospitals before the International...

Czech company CEZ has recently received the first green certificates for the energy produced by its windmills in Dobrogea, the company has announced. Tomis Team, a company in the CEZ group in Romania, got the green certificates for the month of August. CEZ has 100 running wind turbines in Fantanele, with an installed capacity of 250 MW.

Unhappy bank customers in Romania have joined internet groups and some of them even started procedures to sue banks over their reshuffled loan contracts, after local banks started to change the existing loan contracts, making them more transparent, in compliance with the new Romanian legislation and the EU rules.

Porsche Romania expects to sell up to 100 Audi A1 cars a year in Romania and the model could reach 8 percent of Audi sales on the Romanian market in 2011, according to Matei Albulescu, Audi brand manager within Porsche Romania importer. The car is priced between EUR 17,200 and EUR 23,100 in Romania (VAT included).

Romanian President Traian Basescu will address the Romanian Parliament on Tuesday, when he plans to deliver a message on domestic affairs issues. This is the President's first message to the joint plenary session of the two Parliament Chambers during his second mandate.

Five-star hotel Athenee Palace Hilton in Bucharest has opened the Cafe Athenee restaurant following a revamping process which included the hotel's reception, lobby, the hallway area, as well as food and beverage areas. The entire renovation cost was of EUR 2 million, according to Linda Griffin, the newly appointed general manager of the Bucharest hotel.

Austrian companies are still interested in investing in Romania, but they ask for more transparency, efficiency and consistency in public administration, as well as the improvement of the local legal system, according to Rudolf Lukavsky, Commercial Counselor within the Austrian Embassy to Bucharest.

Romania needs an extra EUR 3 billion to pay pensions in 2011, Prime Minister Emil Boc has said. The reform of the pensions system is a step forward in ensuring the system's fairness and sustainability, he has added.

Real estate developer Asmita and investment fund European Development Convergence Company (ECDC), owners of the 765-apartment complex Asmita Gardens in Bucharest have sold EUR 3 million of housing in the complex in the first quarter of the year. 24 new families thus moved in their Asmita Gardens homes.

Trade unionists in several activity sectors have started the previously announced protests, following the failure to reach an agreement with the Romanian Government.

Romania must adopt the unitary pension system law and pay the debts of its public hospitals before the International...

Czech company CEZ has recently received the first green certificates for the energy produced by its windmills in Dobrogea, the company has announced. Tomis Team, a company in the CEZ group in Romania, got the green certificates for the month of August. CEZ has 100 running wind turbines in Fantanele, with an installed capacity of 250 MW.

Unhappy bank customers in Romania have joined internet groups and some of them even started procedures to sue banks over their reshuffled loan contracts, after local banks started to change the existing loan contracts, making them more transparent, in compliance with the new Romanian legislation and the EU rules.

Porsche Romania expects to sell up to 100 Audi A1 cars a year in Romania and the model could reach 8 percent of Audi sales on the Romanian market in 2011, according to Matei Albulescu, Audi brand manager within Porsche Romania importer. The car is priced between EUR 17,200 and EUR 23,100 in Romania (VAT included).

Romanian President Traian Basescu will address the Romanian Parliament on Tuesday, when he plans to deliver a message on domestic affairs issues. This is the President's first message to the joint plenary session of the two Parliament Chambers during his second mandate.

Five-star hotel Athenee Palace Hilton in Bucharest has opened the Cafe Athenee restaurant following a revamping process which included the hotel's reception, lobby, the hallway area, as well as food and beverage areas. The entire renovation cost was of EUR 2 million, according to Linda Griffin, the newly appointed general manager of the Bucharest hotel.

Austrian companies are still interested in investing in Romania, but they ask for more transparency, efficiency and consistency in public administration, as well as the improvement of the local legal system, according to Rudolf Lukavsky, Commercial Counselor within the Austrian Embassy to Bucharest.