Den Braven Group, which has been recently taken over by financial companies Egeria and Wagram in an EUR 1 billion deal, will invest in expanding production capacities in Romania. The local subsidiary expects to reach a turnover of EUR 60 million within the following three year

More than two million people visited Romania's pavilion at the World Expo in Shanghai, which was

Telecom operator RCS&RDS has introduced a new online bill payment facility. The facility was built in partnership with lender BCR and EuroPayment Services. The online payment facility is accessible through the telecom's operator webpage, through a Digi account

The Resurrection Church within the Sucevita monastery in Northern Romania was included in the global

Prepare for another heat waves this week in Romania. Meteorologists have issued a yellow warning code for high temperatures until Wednesday in Bucharest and 21 counties in Romania- in the Eastern, Southern and South – East of the country.

The net profit of local lender BRD-Groupe Societe Generale went down by 13.7 percent in the first half of the year, to around EUR 88.6 million. Its net banking revenues was 7 percent higher, to EUR 422 million.

The Romanian economy will drop by more than it was previously expected due to a series of decisions and measures taken this year, said Romanian Prime Minister Emil Boc. The VAT increase, the flooding and the international context have contributed to the slowdown. Emil Boc sees a revival of the Romanian economy next year. He is yet to put forward a value for both the GDP decrease expected this year and the increase for next year.

Ten insurance companies have together accumulated a loss of EUR 80 million last year, according to a report published by the Insurance Surveillance Commission (CSA). The ten companies which have posted losses last year are Ardaf, BCR Asigurari, Fata Asigurari, Groupama, OTP Garancia, Certasig, Eureko, KD Life, Omniasig Viata and Signal Iduna. There are 40 insurance companies on the Romanian market.

The Romanian Government will meet today in the afternoon to adopt the methodological norms for the Fiscal Code, which will be enforced immediately after. The norms introduce several changes in the taxation area, which are meant to increase the budget revenues.

The shareholders of real estate developer BelRom, Kris Henri Remi Carton and Steven Van Den Bossche have bought land on the premises of the Electroputere Craiova factory and plan to build a shopping center on some of the area. The mall will be called Electroputere Shopping Center and will require investments of EUR 45 million.

Peninsula Festival, which will take place for three days starting August 26 at Targu Mures, will include as many as 70 bands or singers playing in the festival's concerts (see list of all bands below). The event will also include movie screenings and other events organized by non-governmental institutions.

Ford's National Sales Company (CNV) for Romania has become operational and will sell the car maker's brands in Romania, as well as service and after sell services. Ford is thus ending the ten-year collaboration with Romcar, which used to sell the Ford cars in Romania.