Romanian media

Dacia to export over 1.5bn euros’ worth of Duster SUVs next year – in Ziarul Financiar

Head of Asirom...

With 6,000 houses damaged by the recent floods and no previous home insurance, the Romanian state will have to pay out EUR 400 million to rebuild some of these houses and the other damaged caused by flooding in the country. Government representatives estimate the value of the damages could even reach EUR 450 million, according to Mediafax newswire.

Cultural and agricultural festival Transilvania Fest, which will take place between July 30 and August 1st this year at Biertan, near Sibiu, will feature local craftsmen, cooks from Transylvania and from the UK who will prepare traditional food.

Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.

Calendar of events for the period between July 19-22

Romanian charity Ovidiu Rom and the US – based charity Alex Fund will organize a fund raising gala dinner in New York...

Kiseleff boulevard in Bucharest will become a car free area during week-end and will be dedicated to sports activities starting this week-end, until August 8. The project, called 'Via Sport', will feature basket, soccer, badminton and ping-pong areas, the Bucharest municipality has announced.

The Otopeni Air Show, which will start tomorrow on the Otopeni airport in Bucharest, will be broadcast live on the Internet, on the airport's website. The event will start at 10,00 on Saturday, July 17.

Investment fund Bancroft has bough the bulk in local transport company Dumagas Transport, the two companies have...

The minimum tax will be canceled this fall while the flat tax will be kept, according to Romanian Prime Minister Emil Boc. Progressive taxation will fail to raise more money to the state budget compared to the current revenues.

Romanian media

Dacia to export over 1.5bn euros’ worth of Duster SUVs next year – in Ziarul Financiar

Head of Asirom...

With 6,000 houses damaged by the recent floods and no previous home insurance, the Romanian state will have to pay out EUR 400 million to rebuild some of these houses and the other damaged caused by flooding in the country. Government representatives estimate the value of the damages could even reach EUR 450 million, according to Mediafax newswire.

Cultural and agricultural festival Transilvania Fest, which will take place between July 30 and August 1st this year at Biertan, near Sibiu, will feature local craftsmen, cooks from Transylvania and from the UK who will prepare traditional food.

Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.

Calendar of events for the period between July 19-22

Romanian charity Ovidiu Rom and the US – based charity Alex Fund will organize a fund raising gala dinner in New York...

Kiseleff boulevard in Bucharest will become a car free area during week-end and will be dedicated to sports activities starting this week-end, until August 8. The project, called 'Via Sport', will feature basket, soccer, badminton and ping-pong areas, the Bucharest municipality has announced.

The Otopeni Air Show, which will start tomorrow on the Otopeni airport in Bucharest, will be broadcast live on the Internet, on the airport's website. The event will start at 10,00 on Saturday, July 17.

Investment fund Bancroft has bough the bulk in local transport company Dumagas Transport, the two companies have...

The minimum tax will be canceled this fall while the flat tax will be kept, according to Romanian Prime Minister Emil Boc. Progressive taxation will fail to raise more money to the state budget compared to the current revenues.