The Romanian Ministry of Public Finances will organize a bid for discounted treasury certificates on Monday, with an estimated value of RON 800 million (around EUR 188 million). The ministry is planning to organize bids and raise as much as RON 4.6 billion (around EUR 1 billion) in August, through seven treasury and bonds issuances.

Car traffic has been closed down on Pipera street, between Calea Floreasca and Barbu Vacarescu St, as works have started on the Pipera – Barbu Vacarescu passage. The traffic shutdown, which started on August 12, will be enforced until October 10.

The Polish film which has won the Anonimul Film Festival trophy, 'Zero', by Pawel Borowski, will be screened at the Romanian Peasant's Museum between August 17 and 22 in Bucharest. The festival's retrospective will include all the films which were awarded during the festival.

Drug producer Terapia Ranbaxy grew its sales by 21 percent in the first half of the year in Romania, to USD 48 million, according to the company's most recent financial report. The company was helped by the restructuring process and by rationalization, which counterbalanced the negative market conditions, according to the company.

Banks are increasing loan prices instead of making them cheaper – in Ziarul Financiar, Govt prepares new changes to Labor Code – in Ziarul Financiar, Family Frost fails in Romania – EUR 10 mln lost on stores on wheels – in Ziarul Financiar, RBS reduces local exposure to EUR 292 million – in Ziarul Financiar

Terapia Ranbaxy sales increase by 21 percent in first half of the year – in Ziarul Financiar

Polish film 'Zero', directed by Pawel Borowski, has won the Anonimul Independent Film festival trophy, during a premiere evening which took place on August 14 in Sfantu Gheorghe, the Danube Delta. Zero is the story of 24 hours in the lives of a couple of characters who life stories intersect.

International Chamber Music Festival SoNoRo will take place between October 31st and November 14 in Bucharest, Iasi and Cluj – Napoca, with this year's edition organized under the 'Masked Ball' motif. The festival will gather over 30 international artists, who will perform in 14 concerts.

Calendar of events, August 16-19, Bucharest, Romania

Romanian president Traian Basescu has commented several recent articles in the French and UK media which wrote about Republic of Moldova workers in EU states. He has criticized articles in 'Le Figaro' and in two UK tabloids about the illegal workers coming from the Republic of Moldova.

Mercadia Holland, a company controlled by Romanian businessman Dinu Patriciu, has taken over discount retailer MiniMAX DISCOUNT, in a deal whose value was not revealed. The 31-unit network used to be controlled by Austrian Real4You and two individuals, Rainer Exel and Andreas Kampf.

The Romanian Ministry of Public Finances will organize a bid for discounted treasury certificates on Monday, with an estimated value of RON 800 million (around EUR 188 million). The ministry is planning to organize bids and raise as much as RON 4.6 billion (around EUR 1 billion) in August, through seven treasury and bonds issuances.

Car traffic has been closed down on Pipera street, between Calea Floreasca and Barbu Vacarescu St, as works have started on the Pipera – Barbu Vacarescu passage. The traffic shutdown, which started on August 12, will be enforced until October 10.

The Polish film which has won the Anonimul Film Festival trophy, 'Zero', by Pawel Borowski, will be screened at the Romanian Peasant's Museum between August 17 and 22 in Bucharest. The festival's retrospective will include all the films which were awarded during the festival.

Drug producer Terapia Ranbaxy grew its sales by 21 percent in the first half of the year in Romania, to USD 48 million, according to the company's most recent financial report. The company was helped by the restructuring process and by rationalization, which counterbalanced the negative market conditions, according to the company.

Banks are increasing loan prices instead of making them cheaper – in Ziarul Financiar, Govt prepares new changes to Labor Code – in Ziarul Financiar, Family Frost fails in Romania – EUR 10 mln lost on stores on wheels – in Ziarul Financiar, RBS reduces local exposure to EUR 292 million – in Ziarul Financiar

Terapia Ranbaxy sales increase by 21 percent in first half of the year – in Ziarul Financiar

Polish film 'Zero', directed by Pawel Borowski, has won the Anonimul Independent Film festival trophy, during a premiere evening which took place on August 14 in Sfantu Gheorghe, the Danube Delta. Zero is the story of 24 hours in the lives of a couple of characters who life stories intersect.

International Chamber Music Festival SoNoRo will take place between October 31st and November 14 in Bucharest, Iasi and Cluj – Napoca, with this year's edition organized under the 'Masked Ball' motif. The festival will gather over 30 international artists, who will perform in 14 concerts.

Calendar of events, August 16-19, Bucharest, Romania

Romanian president Traian Basescu has commented several recent articles in the French and UK media which wrote about Republic of Moldova workers in EU states. He has criticized articles in 'Le Figaro' and in two UK tabloids about the illegal workers coming from the Republic of Moldova.

Mercadia Holland, a company controlled by Romanian businessman Dinu Patriciu, has taken over discount retailer MiniMAX DISCOUNT, in a deal whose value was not revealed. The 31-unit network used to be controlled by Austrian Real4You and two individuals, Rainer Exel and Andreas Kampf.