Telecom company RCS &RDS will put EUR 10 million in Zece TV, a generalist TV station which will be launched on December 10 and will be broadcasted to all of the company's cable and satellite TV customers. The telecom company hopes it will attract more subscribers to its services, in a battle with competitors Romtelecom and UPC Romania.

*The first economy revival signs emerge. The question is, how solid are they? - in Ziarul Financiar
*Isarescu: we have reduced the interest rate, but banks have not - in Ziarul Financiar
*Oprescu expects Lia Manoliu stadium and Basarab passage in 2011 but doesn't announce any other major projects - in Ziarul Financiar
*Romania got less than 2% of the allotted EU funds. The remainder needs to be used in the next three years - in Ziarul Financiar

Hotel group Rezidor has taken over the management of the 295-apartment complex Centre Ville in Bucharest, which is owned by Bucuresti Turism. The hotel group also manages the adjoining five-star Radisson Blu hotel, owned by the same Bucuresti Turism.

Swedish MoSync, a company which produces open source development tools for mobile phone, has started recruiting local staff for its Cluj – Napoca-based development office, which is expected to reach a team of ten in the coming year. The company has advertised positions like software engineer and project manager.

Oil and gas company OMV Petrom will inaugurate its new headquarters, Petrom City, in Straulesti area of Bucharest on Thursday, December 2. The office complex required an investment of EUR 130 million and will host Petrom's 2,500 employees from the Bucharest and Ploiesti headquarters, who are expected to gradually move in until spring next year.

December 1st - the Great Union Day - is Romania's national day, a public holiday, so on the practical side, expect most of public institutions and even private ones to be closed, while traffic in Bucharest to be diverted in certain areas due to the military parade which will be organized in the city.

The Bucharest Stock Exchange (BVB) plans to introduce Real Estate Investment Trusts (REITs) on trade on its regulated market, as a result of the development of investment funds which place money in real estate properties. The BVB is yet to announce the calendar of this project.

Romanian Foreign Minister Teodor Baconschi has argued that a rapid solution has to be found to Libya's debt to Romania and said President Traian Basescu is expecting Libya's President Muammar Gaddafi in Bucharest.

Half of Romania will be covered in snow starting tonight until Thursday, December 2. Meteorologists have issued a yellow code for snow in 19 counties. Most of the counties are in Moldova and in Romania's mountain areas, where snow and glazed frost are expected.

UniCredit Tiriac Bank and Unicef have launched a fidelity card which has a social component, allowing the holder to support Unicef's initiative to create mother-child rooms in Romanian maternity hospitals. UniCredit Tiriac Bank will donate 1 percent of the transactions made with the Unicef cards, along with half of the yearly card fees paid by the card holder.

Telecom company RCS &RDS will put EUR 10 million in Zece TV, a generalist TV station which will be launched on December 10 and will be broadcasted to all of the company's cable and satellite TV customers. The telecom company hopes it will attract more subscribers to its services, in a battle with competitors Romtelecom and UPC Romania.

*The first economy revival signs emerge. The question is, how solid are they? - in Ziarul Financiar
*Isarescu: we have reduced the interest rate, but banks have not - in Ziarul Financiar
*Oprescu expects Lia Manoliu stadium and Basarab passage in 2011 but doesn't announce any other major projects - in Ziarul Financiar
*Romania got less than 2% of the allotted EU funds. The remainder needs to be used in the next three years - in Ziarul Financiar

Hotel group Rezidor has taken over the management of the 295-apartment complex Centre Ville in Bucharest, which is owned by Bucuresti Turism. The hotel group also manages the adjoining five-star Radisson Blu hotel, owned by the same Bucuresti Turism.

Swedish MoSync, a company which produces open source development tools for mobile phone, has started recruiting local staff for its Cluj – Napoca-based development office, which is expected to reach a team of ten in the coming year. The company has advertised positions like software engineer and project manager.

Oil and gas company OMV Petrom will inaugurate its new headquarters, Petrom City, in Straulesti area of Bucharest on Thursday, December 2. The office complex required an investment of EUR 130 million and will host Petrom's 2,500 employees from the Bucharest and Ploiesti headquarters, who are expected to gradually move in until spring next year.

December 1st - the Great Union Day - is Romania's national day, a public holiday, so on the practical side, expect most of public institutions and even private ones to be closed, while traffic in Bucharest to be diverted in certain areas due to the military parade which will be organized in the city.

The Bucharest Stock Exchange (BVB) plans to introduce Real Estate Investment Trusts (REITs) on trade on its regulated market, as a result of the development of investment funds which place money in real estate properties. The BVB is yet to announce the calendar of this project.

Romanian Foreign Minister Teodor Baconschi has argued that a rapid solution has to be found to Libya's debt to Romania and said President Traian Basescu is expecting Libya's President Muammar Gaddafi in Bucharest.

Half of Romania will be covered in snow starting tonight until Thursday, December 2. Meteorologists have issued a yellow code for snow in 19 counties. Most of the counties are in Moldova and in Romania's mountain areas, where snow and glazed frost are expected.

UniCredit Tiriac Bank and Unicef have launched a fidelity card which has a social component, allowing the holder to support Unicef's initiative to create mother-child rooms in Romanian maternity hospitals. UniCredit Tiriac Bank will donate 1 percent of the transactions made with the Unicef cards, along with half of the yearly card fees paid by the card holder.