Foreign direct investments in Romania went down in May this year by 31.5 percent compared to the same month of 2009, according to the Foreign Investments Direction within the Romanian Center for the Promotion of Trade and Investments. It had been worse at the beginning of the year, when the FDI drop was of 73 percent, but investments increased during March, where the drop was of only 48 percent.

Marius Hagger, general manager of media company Ringier Romania, will leave his position in Romania at the beginning of next year. He will be then joining the NZZ media group in Switzerland. Hagger has been working for Ringier in Romania since March 2008 as the general manager for the Romanian subsidiary. Ringier is yet to announce who will take his seat.

The International Monetary Fund and the European Commission have agreed with the first nine foreign banks in Romania over an exposure rate of 95 percent of the level in March 2009. IMF, Eu and banks' representatives met yesterday in Brussels, together with Romanian Central Bank (BNR) and Finance Ministry representatives from Romania.

Romanian media, New round of talks with IMF starts from 0.5% GDP decline scenario in 2011 – in Ziarul Financiar, Romanian shops no longer give fiscal receipts to make food cheaper– in Ziarul Financiar, iFond brings FP shares to the Stock Exchange sooner – in Ziarul Financiar, Four banks have 33 million euros to recoup from insolvent Impact – in Ziarul Financiar, 100 wind project have contracts with Transelectrica – in Ziarul Financiar,

Romanian film “Cinema Caravan” (Caravana cinematografica) by Titus Muntean is one of the seven feature length movies which have been selected for the Independent Movie Festival Anonimul. The festival will take place between August 9 and 15 at Sfantu Gheorghe, in the Danube Delta. The seven movies are competing for a prize of USD 3,000, which will be offered based on the votes coming from the festival's public.

Week-end events in Bucharest, July 23-25

Events during the week-end in seaside and mountain resorts in Romania

Movies in Bucharest cinemas this week-end: Knight and Day, Get Him to the Greek- watch trailers. See what other movies are coming up in the following weeks.

Zone Arena, which has hosted several concerts this year in Bucharest, will be demolished, as the owners of the land plot didn't have any permits to build the stage and the tribunes on the land plot. The Sector 2 City hall has asked Arena Invest, the company which owns the property, to demolish the existing constructions on the site.

The European Bank for Reconstruction and Development (EBRD) expects Romania to post an economic drop of 3 percent this year, which will reflect the evolution in the first quarter of the year and the fiscal measures taken as part of the agreement with the International Monetary Fund (IMF).

Foreign direct investments in Romania went down in May this year by 31.5 percent compared to the same month of 2009, according to the Foreign Investments Direction within the Romanian Center for the Promotion of Trade and Investments. It had been worse at the beginning of the year, when the FDI drop was of 73 percent, but investments increased during March, where the drop was of only 48 percent.

Marius Hagger, general manager of media company Ringier Romania, will leave his position in Romania at the beginning of next year. He will be then joining the NZZ media group in Switzerland. Hagger has been working for Ringier in Romania since March 2008 as the general manager for the Romanian subsidiary. Ringier is yet to announce who will take his seat.

The International Monetary Fund and the European Commission have agreed with the first nine foreign banks in Romania over an exposure rate of 95 percent of the level in March 2009. IMF, Eu and banks' representatives met yesterday in Brussels, together with Romanian Central Bank (BNR) and Finance Ministry representatives from Romania.

Romanian media, New round of talks with IMF starts from 0.5% GDP decline scenario in 2011 – in Ziarul Financiar, Romanian shops no longer give fiscal receipts to make food cheaper– in Ziarul Financiar, iFond brings FP shares to the Stock Exchange sooner – in Ziarul Financiar, Four banks have 33 million euros to recoup from insolvent Impact – in Ziarul Financiar, 100 wind project have contracts with Transelectrica – in Ziarul Financiar,

Romanian film “Cinema Caravan” (Caravana cinematografica) by Titus Muntean is one of the seven feature length movies which have been selected for the Independent Movie Festival Anonimul. The festival will take place between August 9 and 15 at Sfantu Gheorghe, in the Danube Delta. The seven movies are competing for a prize of USD 3,000, which will be offered based on the votes coming from the festival's public.

Week-end events in Bucharest, July 23-25

Events during the week-end in seaside and mountain resorts in Romania

Movies in Bucharest cinemas this week-end: Knight and Day, Get Him to the Greek- watch trailers. See what other movies are coming up in the following weeks.

Zone Arena, which has hosted several concerts this year in Bucharest, will be demolished, as the owners of the land plot didn't have any permits to build the stage and the tribunes on the land plot. The Sector 2 City hall has asked Arena Invest, the company which owns the property, to demolish the existing constructions on the site.

The European Bank for Reconstruction and Development (EBRD) expects Romania to post an economic drop of 3 percent this year, which will reflect the evolution in the first quarter of the year and the fiscal measures taken as part of the agreement with the International Monetary Fund (IMF).