Romanian media, State-owned companies make 10 billion euro per year, but are incapable to generate profit- in Ziarul Financiar, Romanians asking for fiscal receipts, set to get part of spent money back - in Ziarul Financiar, UniCredit Group head: We're targeting a top 3 position in Romania - in Ziarul Financiar, A Romanian takes over the reins of Groupama - in Ziarul Financiar, Transelectrica invests EUR 18 million - in Ziarul Financiar, Billionaire Mittal brings EUR 83 million to save Hunedoara unit - in Ziarul Financiar

Romanian authorities have recently started to chase the illegal download of copyrighted music and films by local Internet users. The Music Industry Association has raised proofs against 40 users of the DC++ software, which allows sharing music and films among Internet users.

An International Monetary Fund (IMF) mission, headed by Jeffrey Franks, will be in Bucharest between July 26 and August 4 for the fifth review of the stand-by agreement Romania has signed with the fund. An European Commission review mission will also be visiting Romania during this period.

Calendar of events during the period July 26-29

A medieval festival will take place in Bistrita city in August, with rock ban Haggard playing during the event. The 'Medieval Camp' will take place between August 13 -15 in the Haidenfield recreation area.

The level of ultraviolet radiations will be at a high during this week-end on the Romanian sea side, so stay out of sun during peak hours. Meteorologists have issued a red warning for UV levels for this week-end.

FanFest, a festival which aims at promoting Rosia Montana as a tourist destination and increase visibility for the Save the Rosia Montana campaign will take place between August 13 and 15 this year in the Transylvania village.

Seven European banks, most of which coming from Spain, have failed the European union's stress test whose results were published on Friday. One of the banks that has failed the test, Greek ATE Bank, is also active in Romania. The seventh bank is the German Hypo Real Estate bank.

The Medieval Festival in Sighisoara, which started on Friday, July 23, and will last until Sunday, July 25, will host the first reunion in Romania of 13 Knight orders from the country and abroad. The event is organized under the slogan “Return of the Knights”.

The Western part of Romania will see heavy raining, thunderstorms and hailstorms this week-end. The National Meteorological Administration (ANM) has issued a yellow warning code starting Saturday, July 24 at 15,00 hours and ending on Sunday, July 25, 10,00 hours

Romanian media, State-owned companies make 10 billion euro per year, but are incapable to generate profit- in Ziarul Financiar, Romanians asking for fiscal receipts, set to get part of spent money back - in Ziarul Financiar, UniCredit Group head: We're targeting a top 3 position in Romania - in Ziarul Financiar, A Romanian takes over the reins of Groupama - in Ziarul Financiar, Transelectrica invests EUR 18 million - in Ziarul Financiar, Billionaire Mittal brings EUR 83 million to save Hunedoara unit - in Ziarul Financiar

Romanian authorities have recently started to chase the illegal download of copyrighted music and films by local Internet users. The Music Industry Association has raised proofs against 40 users of the DC++ software, which allows sharing music and films among Internet users.

An International Monetary Fund (IMF) mission, headed by Jeffrey Franks, will be in Bucharest between July 26 and August 4 for the fifth review of the stand-by agreement Romania has signed with the fund. An European Commission review mission will also be visiting Romania during this period.

Calendar of events during the period July 26-29

A medieval festival will take place in Bistrita city in August, with rock ban Haggard playing during the event. The 'Medieval Camp' will take place between August 13 -15 in the Haidenfield recreation area.

The level of ultraviolet radiations will be at a high during this week-end on the Romanian sea side, so stay out of sun during peak hours. Meteorologists have issued a red warning for UV levels for this week-end.

FanFest, a festival which aims at promoting Rosia Montana as a tourist destination and increase visibility for the Save the Rosia Montana campaign will take place between August 13 and 15 this year in the Transylvania village.

Seven European banks, most of which coming from Spain, have failed the European union's stress test whose results were published on Friday. One of the banks that has failed the test, Greek ATE Bank, is also active in Romania. The seventh bank is the German Hypo Real Estate bank.

The Medieval Festival in Sighisoara, which started on Friday, July 23, and will last until Sunday, July 25, will host the first reunion in Romania of 13 Knight orders from the country and abroad. The event is organized under the slogan “Return of the Knights”.

The Western part of Romania will see heavy raining, thunderstorms and hailstorms this week-end. The National Meteorological Administration (ANM) has issued a yellow warning code starting Saturday, July 24 at 15,00 hours and ending on Sunday, July 25, 10,00 hours