Private equity company Enterprise Investors plans to raise a new investment fund in 2011 targeting several countries in the SEE region, Romania included. The new buyout fund, Polish Enterprise Fund VII, will start raising money mid-2011, as Polish Enterprise Fund VI is almost fully invested, according to Enterprise Investors.

Private equity fund Innova Capital has acquired a 96 percent share package in Provus Services provider and in its Romanian subsidiary RomCard from Turkven Private Equity and a consortium of Turkish investors. The value of the deal has not been disclosed.

Romania has 2.5 million users on the Facebook social network, with around 300,000 of them residing in Bucharest, according to a recent study by Facebrands.ro. Cluj- Napoca, Timisoara and Constanta come next in the top of Facebook users in Romania.

Oil company Lukoil plans to shut down its Petrotel refinery in Ploiesti, Romania, for maintenance next month. The halt will last for two weeks, between February 13 and 18, for regular equipment inspections, the company has announced.

Romanian actor Radu Beligan (93) will return on stage in a performance called "Confessions about Life and Art”, on February 16, from 19,30 hours, at the Children's National Palace in Bucharest. Ticket prices: RON 60. Get tickets here.

The hike in 2010 of pump prices in Romania was groundless and did not reflect the evolution of international quotes for crude oil, exchange rates and duties and fees, while most of the local oil firms reported significant losses, and their real profits were not reflected accordingly.

Romania has a wind energy potential of around 14,000 MW and wind turbines totaling 500 MW could be installed by 2015, according to Danish wind turbine producer Vestas, which has recently opened an office in Romania.

Nicola Calabro, general manager of Intesa Sanpaolo Bank Romania has ended his four-year mandate in Romania. He will be named general manager of Banca di Trento e Bolzano, part of Intesa Sanpaolo Group, where he worked at the very beginning of his career back in 1987.

Romania has often been labeled as one of history’s greatest survivors. A past of invasions and occupations, Romania has recently undergone dynamic social and economic changes and joined the EU in 2007. While the country attempts to leave behind its communist past, present day attitudes and traditions still reflect this part of its turbulent history. Modest attitudes and behaviors coupled with Orthodox Christian beliefs reflect their simple-minded and down-to-earth mentality that has been shaped by years of hardship.

T-Systems, the IT services division of German Deutsche Telekom, has opened a subsidiary in Romania. The company is called T-Systems ICT Romania and is managed by Peter Ilosvai, the head of T-System in Hungary and by Roman Kuka

Private equity company Enterprise Investors plans to raise a new investment fund in 2011 targeting several countries in the SEE region, Romania included. The new buyout fund, Polish Enterprise Fund VII, will start raising money mid-2011, as Polish Enterprise Fund VI is almost fully invested, according to Enterprise Investors.

Private equity fund Innova Capital has acquired a 96 percent share package in Provus Services provider and in its Romanian subsidiary RomCard from Turkven Private Equity and a consortium of Turkish investors. The value of the deal has not been disclosed.

Romania has 2.5 million users on the Facebook social network, with around 300,000 of them residing in Bucharest, according to a recent study by Facebrands.ro. Cluj- Napoca, Timisoara and Constanta come next in the top of Facebook users in Romania.

Oil company Lukoil plans to shut down its Petrotel refinery in Ploiesti, Romania, for maintenance next month. The halt will last for two weeks, between February 13 and 18, for regular equipment inspections, the company has announced.

Romanian actor Radu Beligan (93) will return on stage in a performance called "Confessions about Life and Art”, on February 16, from 19,30 hours, at the Children's National Palace in Bucharest. Ticket prices: RON 60. Get tickets here.

The hike in 2010 of pump prices in Romania was groundless and did not reflect the evolution of international quotes for crude oil, exchange rates and duties and fees, while most of the local oil firms reported significant losses, and their real profits were not reflected accordingly.

Romania has a wind energy potential of around 14,000 MW and wind turbines totaling 500 MW could be installed by 2015, according to Danish wind turbine producer Vestas, which has recently opened an office in Romania.

Nicola Calabro, general manager of Intesa Sanpaolo Bank Romania has ended his four-year mandate in Romania. He will be named general manager of Banca di Trento e Bolzano, part of Intesa Sanpaolo Group, where he worked at the very beginning of his career back in 1987.

Romania has often been labeled as one of history’s greatest survivors. A past of invasions and occupations, Romania has recently undergone dynamic social and economic changes and joined the EU in 2007. While the country attempts to leave behind its communist past, present day attitudes and traditions still reflect this part of its turbulent history. Modest attitudes and behaviors coupled with Orthodox Christian beliefs reflect their simple-minded and down-to-earth mentality that has been shaped by years of hardship.

T-Systems, the IT services division of German Deutsche Telekom, has opened a subsidiary in Romania. The company is called T-Systems ICT Romania and is managed by Peter Ilosvai, the head of T-System in Hungary and by Roman Kuka