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 net assets of the nine privately managed pensions funds in Romania reached EUR 835 million in July this year, which is a 49.2 percent increase compared to December 2009, according to the Private Pensions System Surveillance Commission. The value of private pension funds assets has increased two-fold compared to June 2009.

Telecom operator Orange will launch a pre-paid card for Internet access tomorrow, with prices starting EUR 5, the company has announced. The announcement comes soon after its competitors, Vodafone and Comoste, had already launched such services.

Romania's inflation rate was the highest in the European Union in July this year, compared to the same month of last year, going up from the third place in June. The country's inflation rate was of 7.1 percent, while the average inflation in the EU was of 2.1 percent. Romania's inflation rate was of 4.3 percent in June, while the average in the EU was of 1.9 percent then.

Several Romanian ministries and the World Bank are undertaking a Functional Review of their activity to identify actions that would improve the quality and cost-effectiveness of public services in the country, the World Bank has announced

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 net assets of the nine privately managed pensions funds in Romania reached EUR 835 million in July this year, which is a 49.2 percent increase compared to December 2009, according to the Private Pensions System Surveillance Commission. The value of private pension funds assets has increased two-fold compared to June 2009.

Telecom operator Orange will launch a pre-paid card for Internet access tomorrow, with prices starting EUR 5, the company has announced. The announcement comes soon after its competitors, Vodafone and Comoste, had already launched such services.

Romania's inflation rate was the highest in the European Union in July this year, compared to the same month of last year, going up from the third place in June. The country's inflation rate was of 7.1 percent, while the average inflation in the EU was of 2.1 percent. Romania's inflation rate was of 4.3 percent in June, while the average in the EU was of 1.9 percent then.

Several Romanian ministries and the World Bank are undertaking a Functional Review of their activity to identify actions that would improve the quality and cost-effectiveness of public services in the country, the World Bank has announced