The British ambassador to Romania, Robin Barnett, who is preparing to end his term in Romania, said the bureaucracy in the country is still high and that the infrastructure problems and the labor Code are barriers to investors in this country, he said, quoted by Mediafax newswire.

International Monetary Fund (IMF) and Romanian Government experts have included a 6.8 percent budget deficit on their economic forecasts, according to the Finance minister Sebastian Vladescu.

Cheese producer Bongrain Europe has recently closed its acquisition of a 52 percent stake in local Delaco, according to Biris Goran law firm, which acted as advisor on the deal for the buyer. The deal, which had been previously announced, has got the Romanian Competition Council clearance.

Online retailer eMAG.ro posted a turnover of EUR 41 million in the first six months of the year, which was up 64 percent on the same period of last year, the company has announced. EMAG expects the online retail market in Romania to grow in the second half of the year, after it went up by 30 percent in the first half.

Air carrier FlyNiki, owned by Formula 1 champion Niki Lauda and by Air Berlin, will increase the number of flights to and from Bucharest on the Bucharest – Vienna route starting October this year

Renault and Automobile Dacia are midway through works for a new Logan model, which should replace the existing Dacia Logan in 2012, according to Ziarul Financiar. The future Logan generation will be named X52 – the existing one is called X90.

Romanian media, Boc goes after the fortunes of businesspeople, the only ones who can pull the country out of the crisis – in Ziarul Financiar, Franks spent over 6 hours at the NBR to discuss on economic revival – in Ziarul Financiar, Dacia close to completing future Logan, codenamed "X52" – in Ziarul Financiar, Top ten insurers made 1,400 employees redundant in a year – in Ziarul Financiar, Romanians get 4bn fiscal receipts a year for food and detergents – in Ziarul Financiar

Official unemployment went down in Romania in June this year compared to May, although as many as 70,500 people were officially recorded as unemployed in June, according to data from the National Agency for Workforce Occupancy.

Israeli firm Pointer will provide road assistance service packages for BCR Asigurari's customers in Romania and in the Central Eastern Europe. Pointer, a provider of automatic vehicle location technology, is a subsidiary of Shagrir.

Overdue loans went up by a whooping 67 percent in the first half of the year in Romania, to around EUR 3.1 billion, according to data recently published by the Romanian Central Bank (BNR).

The British ambassador to Romania, Robin Barnett, who is preparing to end his term in Romania, said the bureaucracy in the country is still high and that the infrastructure problems and the labor Code are barriers to investors in this country, he said, quoted by Mediafax newswire.

International Monetary Fund (IMF) and Romanian Government experts have included a 6.8 percent budget deficit on their economic forecasts, according to the Finance minister Sebastian Vladescu.

Cheese producer Bongrain Europe has recently closed its acquisition of a 52 percent stake in local Delaco, according to Biris Goran law firm, which acted as advisor on the deal for the buyer. The deal, which had been previously announced, has got the Romanian Competition Council clearance.

Online retailer eMAG.ro posted a turnover of EUR 41 million in the first six months of the year, which was up 64 percent on the same period of last year, the company has announced. EMAG expects the online retail market in Romania to grow in the second half of the year, after it went up by 30 percent in the first half.

Air carrier FlyNiki, owned by Formula 1 champion Niki Lauda and by Air Berlin, will increase the number of flights to and from Bucharest on the Bucharest – Vienna route starting October this year

Renault and Automobile Dacia are midway through works for a new Logan model, which should replace the existing Dacia Logan in 2012, according to Ziarul Financiar. The future Logan generation will be named X52 – the existing one is called X90.

Romanian media, Boc goes after the fortunes of businesspeople, the only ones who can pull the country out of the crisis – in Ziarul Financiar, Franks spent over 6 hours at the NBR to discuss on economic revival – in Ziarul Financiar, Dacia close to completing future Logan, codenamed "X52" – in Ziarul Financiar, Top ten insurers made 1,400 employees redundant in a year – in Ziarul Financiar, Romanians get 4bn fiscal receipts a year for food and detergents – in Ziarul Financiar

Official unemployment went down in Romania in June this year compared to May, although as many as 70,500 people were officially recorded as unemployed in June, according to data from the National Agency for Workforce Occupancy.

Israeli firm Pointer will provide road assistance service packages for BCR Asigurari's customers in Romania and in the Central Eastern Europe. Pointer, a provider of automatic vehicle location technology, is a subsidiary of Shagrir.

Overdue loans went up by a whooping 67 percent in the first half of the year in Romania, to around EUR 3.1 billion, according to data recently published by the Romanian Central Bank (BNR).