Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Budgetary revenues up 7.5% in July in the wake of VAT hike announcement – in Ziarul Financiar, Rising borrowing costs eat into Banca Românească's profit – in Ziarul Financiar, Amazon competes with Continental and Bitdefender for software developers in Iaşi – in Ziarul Financiar, Intesa lost EUR 3 million in the first quarter – in Ziarul Financiar, Volksbank's assets drop nu 1.9% in second quarter, to EUR 5.2 million – in Ziarul Financiar, Malev drops flight capacity by 7% in Romania – in Ziarul Financiar

Calendar of events for the period August 30 - September 2

The CET Govora thermal power plant will receive EUR 57 million for retooling through the Sectoral Operational Programme (SOP) for Environment. The money will go to electrostatic rehabilitation, desulphurisation equipments and compliance with environmental standards. All the paperwork for this project will be sent to Brussels by October 1, manager of CET Govora Mihai Balan said.

The Danube International Tournament (TID), in which hundreds of rowing boats from the riverside countries sail from its source down to where it flows into the Black Sea, on 2,516 km, will reach the Romanian stretch between August 29 and September 9.

About 55 percent of Romania's urban population aged over 15 use the computer at least once a month and 51 percent access the Internet monthly or more often, shows the 2010 Roper Reports survey released by GfK Romania

There are 10.8 million people who do not pay contributions for health in Romania, which is why the country needs to broaden the tax base for those who, so far, have not contributed, while they were involved in economic activities, Prime Minister Emil Boc has said.

US online retailer Amazon has leased 1,400 sqm of offices in the Palas compound in Iasi, developed by local businessman Iulian Dascalu. Amazon Development Center will open its headquarters in September within Palas, according to developer Iulius Group.

Movies opening in Bucharest during the period August 27-29: Despicable Me, Grown Ups

Banca Romaneasca, owned by the National Bank of Greece posted a EUR 2 million profit in the second quarter of the year, which was less than half of the profit in the same period of last year. The bank posted EUR 12 million in profit in the first quarter of this year.

Romania and Hungary are the only Eastern European real estate markets unattractive to investors, because of overvalued assets, while the lack of transactions means property prices need to continue to drop, says a global study by real estate adviser DTZ.

Budgetary revenues up 7.5% in July in the wake of VAT hike announcement – in Ziarul Financiar, Rising borrowing costs eat into Banca Românească's profit – in Ziarul Financiar, Amazon competes with Continental and Bitdefender for software developers in Iaşi – in Ziarul Financiar, Intesa lost EUR 3 million in the first quarter – in Ziarul Financiar, Volksbank's assets drop nu 1.9% in second quarter, to EUR 5.2 million – in Ziarul Financiar, Malev drops flight capacity by 7% in Romania – in Ziarul Financiar

Calendar of events for the period August 30 - September 2

The CET Govora thermal power plant will receive EUR 57 million for retooling through the Sectoral Operational Programme (SOP) for Environment. The money will go to electrostatic rehabilitation, desulphurisation equipments and compliance with environmental standards. All the paperwork for this project will be sent to Brussels by October 1, manager of CET Govora Mihai Balan said.

The Danube International Tournament (TID), in which hundreds of rowing boats from the riverside countries sail from its source down to where it flows into the Black Sea, on 2,516 km, will reach the Romanian stretch between August 29 and September 9.

About 55 percent of Romania's urban population aged over 15 use the computer at least once a month and 51 percent access the Internet monthly or more often, shows the 2010 Roper Reports survey released by GfK Romania

There are 10.8 million people who do not pay contributions for health in Romania, which is why the country needs to broaden the tax base for those who, so far, have not contributed, while they were involved in economic activities, Prime Minister Emil Boc has said.

US online retailer Amazon has leased 1,400 sqm of offices in the Palas compound in Iasi, developed by local businessman Iulian Dascalu. Amazon Development Center will open its headquarters in September within Palas, according to developer Iulius Group.

Movies opening in Bucharest during the period August 27-29: Despicable Me, Grown Ups