The Rasnov citadel has been re-opened after a year of renovation works, although the revamping was not entirely finalized. Tracks have been secured within the citadel, which will be opened for public for free during August. During September, the price of an entry ticket will be of RON 10 for adults and RON 5 for kids.

The feature length movie “Wedding in Basarabia”, directed by Nap Toader (Napoleon Helmis) has been selected for the Montreal World Film Festival, which will take place between August 26 and September 6. The comedy, a Romania – Republic of Moldova – Luxembourg co-production, will be featured in the Focus on World Cinema section.

Telecom operator Cosmote grew its revenues by 6.3 percent in the second quarter of this year, to EUR 115 million, according to data announced by its mother company OTE. The revenues for the first half of the year reached EUR 229 million, up 9.7 percent on the first half of 2009.

The Nova Group, a company owned by Romanian businessman Dan Adamescu, has bought the 50 percent share package in Medien Holding, the publisher of Romania Libera newspaper, from German Waz, the company has announced. The Nova Group thus became the sole owner of the media group.

Bucharest week-end events August 6 –8: Salsa Festival, Soundtrack for Andy Warhol's Screen Tests

Seaside and mountain events, August 6-8

Movies this week-end: Salt, The Last Airbender, The Killing Jar

Mona-Lisa Caravaniez is the new managing director of Ogilvy&Mather Romania, after Gina Leu, the former MD, has chosen to take a sabbatical period.

Stuart Whent (in picture), the current managing director of BPP Professional Education in Romania, has been promoted to group director of operations for the Central and Eastern Europe. He will manage Romania, the Republic of Moldova, the Czech Republic, Hungary, Serbia, Croatia, Slovenia and Poland. He will oversee the activity of BPP Professional Education and of BPP University College.

The Romanian banking system is most likely to end 2010 posting a loss, believes Dominic Bruynseels, executive president of BCR (in picture), the biggest bank on the Romanian market. “It is pretty possible to end on loss due to the pressure we've been discussing, according to RAS (the local accounting standards),” said Bruynseels when asked whether he thinks the banking system will post a loss this year.

The Rasnov citadel has been re-opened after a year of renovation works, although the revamping was not entirely finalized. Tracks have been secured within the citadel, which will be opened for public for free during August. During September, the price of an entry ticket will be of RON 10 for adults and RON 5 for kids.

The feature length movie “Wedding in Basarabia”, directed by Nap Toader (Napoleon Helmis) has been selected for the Montreal World Film Festival, which will take place between August 26 and September 6. The comedy, a Romania – Republic of Moldova – Luxembourg co-production, will be featured in the Focus on World Cinema section.

Telecom operator Cosmote grew its revenues by 6.3 percent in the second quarter of this year, to EUR 115 million, according to data announced by its mother company OTE. The revenues for the first half of the year reached EUR 229 million, up 9.7 percent on the first half of 2009.

The Nova Group, a company owned by Romanian businessman Dan Adamescu, has bought the 50 percent share package in Medien Holding, the publisher of Romania Libera newspaper, from German Waz, the company has announced. The Nova Group thus became the sole owner of the media group.

Bucharest week-end events August 6 –8: Salsa Festival, Soundtrack for Andy Warhol's Screen Tests

Seaside and mountain events, August 6-8

Movies this week-end: Salt, The Last Airbender, The Killing Jar

Mona-Lisa Caravaniez is the new managing director of Ogilvy&Mather Romania, after Gina Leu, the former MD, has chosen to take a sabbatical period.

Stuart Whent (in picture), the current managing director of BPP Professional Education in Romania, has been promoted to group director of operations for the Central and Eastern Europe. He will manage Romania, the Republic of Moldova, the Czech Republic, Hungary, Serbia, Croatia, Slovenia and Poland. He will oversee the activity of BPP Professional Education and of BPP University College.

The Romanian banking system is most likely to end 2010 posting a loss, believes Dominic Bruynseels, executive president of BCR (in picture), the biggest bank on the Romanian market. “It is pretty possible to end on loss due to the pressure we've been discussing, according to RAS (the local accounting standards),” said Bruynseels when asked whether he thinks the banking system will post a loss this year.