The Cernavoda bridge on the Danube-Marea Neagra flood gate will be closed down for repairs for a year, until January 2012, which will trigger a longer journey for those planning to reach the Romanian seaside by car this summer.

Mihai Tudor (in picture), who has been running the local subsidiary of IBM for the last four years, has been promoted to general manager of IBM for the South Eastern Europe (IBM SEE). He will oversee IBM's businesses in Bulgaria, Croatia, Romania, Serbia and Slovenia.

Fondul Proprietatea (FP), managed by Franklin Templeton, has asked for a shareholders meeting in gas company Romgaz in order to revoke the gas company's managers for having approved the EUR 94 million donation to the Romanian state.

German IT security company company Astaro has taken over Cluj – based firm Cososys, which specializes in software to prevent electronic data theft.

The Executive Board of the International Monetary Fund (IMF) has completed the sixth review of Romania’s economic performance and has approved the EUR 904 million loan tranche for the country. This brings the total disbursements under the program to EUR 12.44 billion so far.

Irish band U2 could perform in Bucharest in September this year, inaugurating the Lia Manoliu stadium in the Romanian capital city, if the discussions with the band's representative will reach an agreement, according to Mediafax newswire, quoting sources in the Bucharest City Hall.

Low cost airline Wizz Air carried 2.1 million passengers to and from Romania last year, up 33 percent compared to the previous year, according to the company. Wizz Air, with 42 permanent routes serving Romania, has also announced new ones: Bucharest – Bari, Bucharest – Alicante, Bucharest – Eindhoven and Cluj – Larnaca.

Romania will spend EUR 88 million, of which EUR 23.7 million coming from EU funding, on improving the infrastructure and safety on the national road DN 1, which links Bucharest to Prahova valley – the main mountain resorts and to the North – West of the country.

The Bucharest City Hall will pay around EUR 42,500 for a ten-minute film presenting the Romanian capital city. The winner of the bid to create this film is Stage Expert, which has previously won the bid for video and audio services for Romania's attendance at the Expo Shanghai 2010.

The Romanian Central Bank (BNR) has approved Omer Tetik's naming as the president and head of the administration council for Credit Europe Bank. Tetik (in picture) aims to relaunch the bank's lending activity this year, while increasing operational efficiency, he said.

The Cernavoda bridge on the Danube-Marea Neagra flood gate will be closed down for repairs for a year, until January 2012, which will trigger a longer journey for those planning to reach the Romanian seaside by car this summer.

Mihai Tudor (in picture), who has been running the local subsidiary of IBM for the last four years, has been promoted to general manager of IBM for the South Eastern Europe (IBM SEE). He will oversee IBM's businesses in Bulgaria, Croatia, Romania, Serbia and Slovenia.

Fondul Proprietatea (FP), managed by Franklin Templeton, has asked for a shareholders meeting in gas company Romgaz in order to revoke the gas company's managers for having approved the EUR 94 million donation to the Romanian state.

German IT security company company Astaro has taken over Cluj – based firm Cososys, which specializes in software to prevent electronic data theft.

The Executive Board of the International Monetary Fund (IMF) has completed the sixth review of Romania’s economic performance and has approved the EUR 904 million loan tranche for the country. This brings the total disbursements under the program to EUR 12.44 billion so far.

Irish band U2 could perform in Bucharest in September this year, inaugurating the Lia Manoliu stadium in the Romanian capital city, if the discussions with the band's representative will reach an agreement, according to Mediafax newswire, quoting sources in the Bucharest City Hall.

Low cost airline Wizz Air carried 2.1 million passengers to and from Romania last year, up 33 percent compared to the previous year, according to the company. Wizz Air, with 42 permanent routes serving Romania, has also announced new ones: Bucharest – Bari, Bucharest – Alicante, Bucharest – Eindhoven and Cluj – Larnaca.

Romania will spend EUR 88 million, of which EUR 23.7 million coming from EU funding, on improving the infrastructure and safety on the national road DN 1, which links Bucharest to Prahova valley – the main mountain resorts and to the North – West of the country.

The Bucharest City Hall will pay around EUR 42,500 for a ten-minute film presenting the Romanian capital city. The winner of the bid to create this film is Stage Expert, which has previously won the bid for video and audio services for Romania's attendance at the Expo Shanghai 2010.

The Romanian Central Bank (BNR) has approved Omer Tetik's naming as the president and head of the administration council for Credit Europe Bank. Tetik (in picture) aims to relaunch the bank's lending activity this year, while increasing operational efficiency, he said.