Romanian President Traian Basescu, Defense Minister Gabriel Oprea and U.S. Ambassador to Romania Mark Gitenstein arrived in Afghanistan Tuesday to meet the Romanian troops deployed in the area.

Investment fund Eastern Eagle, registered in the Cayman Islands, sold a 6 percent share package in stock – exchange listed Romcarbon Buzau (symbol ROCE) for EUR 772,000. The deal, sealed at RON 0.21 per share, valued the company at around EUR 12.9 million- its current market capitalization. The company posted loss in the first nine months of the year.

Codrut Pascu (in picture), the managing partner of Roland Berger Strategy Consultants in Romania for the last five years, has been promoted regionally, being in charge of the Turkish and Bulgarian operations as well, apart from the Romanian ones. Pascu, 35, is now member of the company's steering committee in the Central and Eastern Europe.

Romania's public debt exceeded EUR 43 billion at the end of September this year, reaching 36 percent of the country's GDP, according to data from the Ministry of Public Finances.

Companies interested in European funding may apply in the frame of different operational programs like Increase of Economic Competitiveness, Human Resources Development, National Program for Rural Development or the Regional Operational Program. See our recent articles here. We've listed some practical issues applicants should know, as well as some useful contacts for each area of interest.

By its very nature, field reporting to Washington is candid and often raw information. It is preliminary and often incomplete. It is not an expression of policy, nor does it always shape final policy decisions, said the US Embassy to Bucharest in a statement about the information leaks on WikiLeaks.

New Europe Property Investments (NEPI) fund has bought the Floreasca Business Park office complex in Bucharest at a purchase price of EUR 27.6 million, having valued the building at around EUR 100 million. This is the largest deals on the Romanian real estate market this year.

Employees have to give at least 20 business days prior notice when resigning, or 45 days if they hold a management position, says the draft act amending Romania's Labor Code, obtained by Mediafax newswire. The amendment extends the requirement to 20 days from 15 in the case of ordinary employees, and to 45 days from 30 in the case of the management

Investment fund Fondul Proprietatea will be listed on the Bucharest Stock Exchange on January 25 next year, according to investment manager Franklin Templeton. The listing prospect will be submitted on December 3 with the National Securities Commission (CNVM). The fund will be promoted locally and internationally between January 10 and 31 next year.

Romania will record an 1.5 percent growth of its Gross Domestic Product (GDP) in 2011, while this year it will shrink by 1.9 percent from 2009, shows the autumn economic forecast issued by the European Commission.

Romanian President Traian Basescu, Defense Minister Gabriel Oprea and U.S. Ambassador to Romania Mark Gitenstein arrived in Afghanistan Tuesday to meet the Romanian troops deployed in the area.

Investment fund Eastern Eagle, registered in the Cayman Islands, sold a 6 percent share package in stock – exchange listed Romcarbon Buzau (symbol ROCE) for EUR 772,000. The deal, sealed at RON 0.21 per share, valued the company at around EUR 12.9 million- its current market capitalization. The company posted loss in the first nine months of the year.

Codrut Pascu (in picture), the managing partner of Roland Berger Strategy Consultants in Romania for the last five years, has been promoted regionally, being in charge of the Turkish and Bulgarian operations as well, apart from the Romanian ones. Pascu, 35, is now member of the company's steering committee in the Central and Eastern Europe.

Romania's public debt exceeded EUR 43 billion at the end of September this year, reaching 36 percent of the country's GDP, according to data from the Ministry of Public Finances.

Companies interested in European funding may apply in the frame of different operational programs like Increase of Economic Competitiveness, Human Resources Development, National Program for Rural Development or the Regional Operational Program. See our recent articles here. We've listed some practical issues applicants should know, as well as some useful contacts for each area of interest.

By its very nature, field reporting to Washington is candid and often raw information. It is preliminary and often incomplete. It is not an expression of policy, nor does it always shape final policy decisions, said the US Embassy to Bucharest in a statement about the information leaks on WikiLeaks.

New Europe Property Investments (NEPI) fund has bought the Floreasca Business Park office complex in Bucharest at a purchase price of EUR 27.6 million, having valued the building at around EUR 100 million. This is the largest deals on the Romanian real estate market this year.

Employees have to give at least 20 business days prior notice when resigning, or 45 days if they hold a management position, says the draft act amending Romania's Labor Code, obtained by Mediafax newswire. The amendment extends the requirement to 20 days from 15 in the case of ordinary employees, and to 45 days from 30 in the case of the management

Investment fund Fondul Proprietatea will be listed on the Bucharest Stock Exchange on January 25 next year, according to investment manager Franklin Templeton. The listing prospect will be submitted on December 3 with the National Securities Commission (CNVM). The fund will be promoted locally and internationally between January 10 and 31 next year.

Romania will record an 1.5 percent growth of its Gross Domestic Product (GDP) in 2011, while this year it will shrink by 1.9 percent from 2009, shows the autumn economic forecast issued by the European Commission.