The Romanian Finance Ministry is expected to select banks which will manage the sale of EUR 7 billion of Eurobonds by next month, according to market sources quoted by Bloomberg.

Romanian state-owned bank EximBank has received the authorization for its insurance company CARE in Romania, which will offer insurance for commercial loans on short term, as well as insurance for guarantees. The company expects a gross subscribed premiums volume of RON 2 million (around EUR 471,000) in the first year of activity.

Automotive distributor and service network Radacini Group, founded by Ali Madadi, has taken the master franchise to operate the pizza delivery Domino's Pizza in Romania, the company has officially announced. The company has opened the first store in the country and plans to expand with more units in Bucharest and beyond in the following years.

Romania's GDP could turn negative in real terms in the third quarter of the year due to the public spending cuts and the VAT increase, writes a report issued by BCR. However, the last quarter of the year could bring an improvement, but uncertainties are still high. BCR has kept its economic prognosis to a 3 percent DGP drop for this year.

Construction company Romstrade, owned by Romanian businessman Nelu Iordache, has landed a EUR 1.25 million additional contracts for works on the Bucharest North ring road. The contract was awarded for design and execution works on the segment 1A-DN2 of the north ring road.

Passenger traffic went up by 10 percent on the Otopeni airport in the first six months of the year, while the smaller Baneasa airport saw a traffic increase of only three percent. The two airports together welcomed 3.1 million passengers in the first half of the year. Traffic estimation for the entire year point to 6.7 million passengers.

Two expat investors, Emmanuel Damanakis of Skepsis Advertising and Konstantinos Kapetanopoulos have taken the license to open the first Haagen Dazs Cafes in Romania, according to Romanian daily Ziarul Financiar. The first such store will be opened in Baneasa Shopping City.

Romania made a new round of international headlines with two unfortunate events which happened yesterday. The maternity blast which killed four babies kept headlined across the world as the story unveiled yesterday evening and during the night.

Banks give out loans to local authorities at 13% interest rate – in Ziarul Financiar, TV sales grow by 10 percent in Q2 – in Ziarul Financiar, The new ANI law- all the MP's wealth, made public again – in Ziarul Financiar, Cernavoda- Constanta highway and Bucharest – Constanta railway, ready next year – on Wall-street.ro

Works on the second stage of the China Town Romania real estate project, which should reach a value of EUR 50 million, will start on August 17. This phase of works should be finalized in 2013, according to the Chinese- Romanian Chamber of Commerce.

The Romanian Finance Ministry is expected to select banks which will manage the sale of EUR 7 billion of Eurobonds by next month, according to market sources quoted by Bloomberg.

Romanian state-owned bank EximBank has received the authorization for its insurance company CARE in Romania, which will offer insurance for commercial loans on short term, as well as insurance for guarantees. The company expects a gross subscribed premiums volume of RON 2 million (around EUR 471,000) in the first year of activity.

Automotive distributor and service network Radacini Group, founded by Ali Madadi, has taken the master franchise to operate the pizza delivery Domino's Pizza in Romania, the company has officially announced. The company has opened the first store in the country and plans to expand with more units in Bucharest and beyond in the following years.

Romania's GDP could turn negative in real terms in the third quarter of the year due to the public spending cuts and the VAT increase, writes a report issued by BCR. However, the last quarter of the year could bring an improvement, but uncertainties are still high. BCR has kept its economic prognosis to a 3 percent DGP drop for this year.

Construction company Romstrade, owned by Romanian businessman Nelu Iordache, has landed a EUR 1.25 million additional contracts for works on the Bucharest North ring road. The contract was awarded for design and execution works on the segment 1A-DN2 of the north ring road.

Passenger traffic went up by 10 percent on the Otopeni airport in the first six months of the year, while the smaller Baneasa airport saw a traffic increase of only three percent. The two airports together welcomed 3.1 million passengers in the first half of the year. Traffic estimation for the entire year point to 6.7 million passengers.

Two expat investors, Emmanuel Damanakis of Skepsis Advertising and Konstantinos Kapetanopoulos have taken the license to open the first Haagen Dazs Cafes in Romania, according to Romanian daily Ziarul Financiar. The first such store will be opened in Baneasa Shopping City.

Romania made a new round of international headlines with two unfortunate events which happened yesterday. The maternity blast which killed four babies kept headlined across the world as the story unveiled yesterday evening and during the night.

Banks give out loans to local authorities at 13% interest rate – in Ziarul Financiar, TV sales grow by 10 percent in Q2 – in Ziarul Financiar, The new ANI law- all the MP's wealth, made public again – in Ziarul Financiar, Cernavoda- Constanta highway and Bucharest – Constanta railway, ready next year – on Wall-street.ro

Works on the second stage of the China Town Romania real estate project, which should reach a value of EUR 50 million, will start on August 17. This phase of works should be finalized in 2013, according to the Chinese- Romanian Chamber of Commerce.