Romania ranks 67th of the 137 countries included in the world competitiveness report issued by the World Economic Forum. The country is down three places compared to last year.

Martin Harris, the newly- appointed British ambassador to Romania, said UK supports Romania's agreement with the IMF, adding this program should continue as it represents a positive signal sent to foreign investors.

The North Western part of the Revolution Square is flanked by the imposing building which hosts the Central University Library. The institution was created at the initiative of King Carol I (read more about him here), who set up the University Foundation in 1891. The foundation was active until 1948, when it became the Central University Library.

State-owned energy transport company Transelectrica will invest around EUR 250 million in the next five to six years in Dobrogea to build eight transformation power stations and the electrical lines which will connect wind farms to the national power grid, a total capacity of 4,000 MW.

Romanian businessman Sorin Ovidiu Vantu is the third local media owner who has been detained for 24 hours, after Dinu Patriciu, the current owner of Adevarul Holding, and Dan Diaconescu, owner of OTV Tv station.

Romanian media owner Sorin Ovidiu Vantu (in picture) was arrested for 29 days, after being initially set to be detained for only 24 hours on Thursady, being accused in the case of Nicolae Popa, former head of bankrupt FNI's brokerage firm, who has fled the country. The trial where his 29-day arrest was decided was held late at night on Thursday.

The local subsidiary of the Royal Bank of Scotland (RBS) has reshuffled its administration council, which now includes four executive members- Johan Gabriels, the bank's CEO, Magdalena Manea, Robert Hadley and Robert Karreman, the bank's vice-presidents, as well as five non-executive members – Roxana Moldova, Adrian Manaicu, Phil McDuell, Jeroen Kremers and Gianni Piolini.

Romania ranks fifth in Central Europe, with 33 companies among the first 500 in the region, according to a top recently published by Deloitte. The top, carried out by Deloitte in 18 countries every year, is now at its 4th edition and ranks companies by revenues from sales reported for the previous year.

Online retailer eMAG has opened a 300 sqm showroom in Constanta, the biggest in its chain outside Bucharest so far and expects the showroom to bring revenues of EUR 1 million this year and EUR 3.5 million next year, according to Iulian Stanciu, director of eMAG.ro. This is the company's second largest showroom, after the one in Bucharest.

RBS Romania will move its headquarters to a 8,700 sqm space in Lake View office building on Barbu Vacarescu boulevard at the beginning of November. The bank will occupy the ground floor of the building, where it will have a branch, as well as the first three floors of the office building, according to its representatives

Romania ranks 67th of the 137 countries included in the world competitiveness report issued by the World Economic Forum. The country is down three places compared to last year.

Martin Harris, the newly- appointed British ambassador to Romania, said UK supports Romania's agreement with the IMF, adding this program should continue as it represents a positive signal sent to foreign investors.

The North Western part of the Revolution Square is flanked by the imposing building which hosts the Central University Library. The institution was created at the initiative of King Carol I (read more about him here), who set up the University Foundation in 1891. The foundation was active until 1948, when it became the Central University Library.

State-owned energy transport company Transelectrica will invest around EUR 250 million in the next five to six years in Dobrogea to build eight transformation power stations and the electrical lines which will connect wind farms to the national power grid, a total capacity of 4,000 MW.

Romanian businessman Sorin Ovidiu Vantu is the third local media owner who has been detained for 24 hours, after Dinu Patriciu, the current owner of Adevarul Holding, and Dan Diaconescu, owner of OTV Tv station.

Romanian media owner Sorin Ovidiu Vantu (in picture) was arrested for 29 days, after being initially set to be detained for only 24 hours on Thursady, being accused in the case of Nicolae Popa, former head of bankrupt FNI's brokerage firm, who has fled the country. The trial where his 29-day arrest was decided was held late at night on Thursday.

The local subsidiary of the Royal Bank of Scotland (RBS) has reshuffled its administration council, which now includes four executive members- Johan Gabriels, the bank's CEO, Magdalena Manea, Robert Hadley and Robert Karreman, the bank's vice-presidents, as well as five non-executive members – Roxana Moldova, Adrian Manaicu, Phil McDuell, Jeroen Kremers and Gianni Piolini.

Romania ranks fifth in Central Europe, with 33 companies among the first 500 in the region, according to a top recently published by Deloitte. The top, carried out by Deloitte in 18 countries every year, is now at its 4th edition and ranks companies by revenues from sales reported for the previous year.

Online retailer eMAG has opened a 300 sqm showroom in Constanta, the biggest in its chain outside Bucharest so far and expects the showroom to bring revenues of EUR 1 million this year and EUR 3.5 million next year, according to Iulian Stanciu, director of eMAG.ro. This is the company's second largest showroom, after the one in Bucharest.

RBS Romania will move its headquarters to a 8,700 sqm space in Lake View office building on Barbu Vacarescu boulevard at the beginning of November. The bank will occupy the ground floor of the building, where it will have a branch, as well as the first three floors of the office building, according to its representatives