The Finance Ministry sold EUR 1.2 billion of state titles today, three times more than it was planning. The average yield a year for these certificates is of 4.9 percent a year. The demand for the state titles was even higher – of EUR 1.37 billion. The state titles have a one-year maturity.

Romanian lender Banca Transilvania posted a gross profit of EUR 14.1 million in the first half of this year, which was more than five times higher than the gross profit posted mid-last year. The net profit in the first half of this year was of EUR 7.8 million, according to the bank. The gross profit in the first half of the year covers 40 percent of what the bank had expected for the entire year.

After 1989, Romania had to go through a long and at times painful transition towards democracy. The legacy of over 50 years of communism could not be eliminated so quickly. But in the 20 years that have gone by since the fall of communism, the country has managed to make some important steps ahead.

Discounter Plus has opened two new stores with an investment of EUR 3 million. The new discounter stores are in Cluj and in Slobozia. The new openings brings the Plus network in Romania at 103 stores. Plus has been expanding in Romania for the last couple of years and it plans to further grow its network to cities of over 15,000 inhabitants.

A 42-kilometer marathon will take place in Moieciu de Sus, in Brasov county, in May next year. The running event, which will be organized on May 7 under the name EcoMarathon, has a nine-hour time limit. The course is made out of 3 loops forming the EcoMarathon clover, the Start and the Finish are in Moieciu de Sus. Besides the marathon, a cross on 14 kilometers will also be organized.

Mining company Romaltyn Mining Baia Mare, owned by Russian Polyus Group, will invest USD 14 million in mining technologies. The company intends to re-start the gold extraction in the area, but needs to finalize investments beforehand and it hopes to be able to start the processing activity towards the beginning of next year.

Bucharest student club Club A, which celebrates 40 years since opening, will host a Suie Paparude concert tonight starting 11,30 hours. Entry tickets will cost RON 10.

International Monetary Fund (IMF) and Romanian Government experts have included a 6.8 percent budget deficit on their economic forecasts, according to the Finance minister Sebastian Vladescu.

The British ambassador to Romania, Robin Barnett, who is preparing to end his term in Romania, said the bureaucracy in the country is still high and that the infrastructure problems and the labor Code are barriers to investors in this country, he said, quoted by Mediafax newswire.

Several tourist sights around Bucharest will be accessible by public transport starting August 1st, when the Bucharest Public Transport Service (RATB) will start its partnership with the Tourism Ministry and will set up nine bus tracks to reach the tourist sights.

The Finance Ministry sold EUR 1.2 billion of state titles today, three times more than it was planning. The average yield a year for these certificates is of 4.9 percent a year. The demand for the state titles was even higher – of EUR 1.37 billion. The state titles have a one-year maturity.

Romanian lender Banca Transilvania posted a gross profit of EUR 14.1 million in the first half of this year, which was more than five times higher than the gross profit posted mid-last year. The net profit in the first half of this year was of EUR 7.8 million, according to the bank. The gross profit in the first half of the year covers 40 percent of what the bank had expected for the entire year.

After 1989, Romania had to go through a long and at times painful transition towards democracy. The legacy of over 50 years of communism could not be eliminated so quickly. But in the 20 years that have gone by since the fall of communism, the country has managed to make some important steps ahead.

Discounter Plus has opened two new stores with an investment of EUR 3 million. The new discounter stores are in Cluj and in Slobozia. The new openings brings the Plus network in Romania at 103 stores. Plus has been expanding in Romania for the last couple of years and it plans to further grow its network to cities of over 15,000 inhabitants.

A 42-kilometer marathon will take place in Moieciu de Sus, in Brasov county, in May next year. The running event, which will be organized on May 7 under the name EcoMarathon, has a nine-hour time limit. The course is made out of 3 loops forming the EcoMarathon clover, the Start and the Finish are in Moieciu de Sus. Besides the marathon, a cross on 14 kilometers will also be organized.

Mining company Romaltyn Mining Baia Mare, owned by Russian Polyus Group, will invest USD 14 million in mining technologies. The company intends to re-start the gold extraction in the area, but needs to finalize investments beforehand and it hopes to be able to start the processing activity towards the beginning of next year.

Bucharest student club Club A, which celebrates 40 years since opening, will host a Suie Paparude concert tonight starting 11,30 hours. Entry tickets will cost RON 10.

International Monetary Fund (IMF) and Romanian Government experts have included a 6.8 percent budget deficit on their economic forecasts, according to the Finance minister Sebastian Vladescu.

The British ambassador to Romania, Robin Barnett, who is preparing to end his term in Romania, said the bureaucracy in the country is still high and that the infrastructure problems and the labor Code are barriers to investors in this country, he said, quoted by Mediafax newswire.

Several tourist sights around Bucharest will be accessible by public transport starting August 1st, when the Bucharest Public Transport Service (RATB) will start its partnership with the Tourism Ministry and will set up nine bus tracks to reach the tourist sights.