Jeffrey Franks (in picture, right), the head of the International Monetary Fund (IMF) mission to Romania, has asked for the recently voted flat tax drop to 10 percent not be enforced in Romania, as it is raising several concerns and as it had not bee discussed with the new Fiscal Council.

Two new expats will join the Petrom broad of directors from January 2011. Daniel Turnheim (in picture) will be the new chief financial officer of the company, replacing Reinhard Pichler, while Hilmar Kroat-Reder will be responsible for gas and energy, replacing Gerald Kappes. The two directors who will leave Petrom will have new attributions in the OMV group, the mother company of local Petrom.

Romanian private lending fell 1.1 percent in real terms to EUR 48.3 billion in October from the previous month, according to data from the Romanian Central Bank (BNR). Private lending in Romanian lei was down 1.1 percent on the month in October, while loans in foreign currency fell 0.5 percent.

Romania could invest EUR 30 billion in the energy sector by 2020, with the main source of financing for the investments being the Bucharest Stock Exchange, said Varujan Vosganian, president of the Economy, Industries and Services commission in the Senate, who attended the Energy Forum 2010.

A Romanian traditional products fair will take place between November 26 and 28 in Lia Manoliu national park in Bucharest under the name “Garlic fair” (Basarabia Blvd).

Romanian central bank governor Mugur Isarescu Wednesday defended local creditors, saying the lenders only attracted external financing to respond to consumer over borrowing.

A recently – set up Romanian band called Rise Of Artificial (ROA) has launched a song which is currently on heavy rotation on Romanian radios. The song, called Ne place (We like it) is the first of an album which will include 15 tracks.

The bomb squads that checked an entrance to the Obor subway station in capital Bucharest, Romania, after a man called the 112 emergency number Wednesday morning to report a bomb, found nothing suspicious.

The Romanian Cultural Institute in Stockholm will hold a discussion on Wednesday, at its headquarters in the Swedish Capital, on the latest volume signed Gabriela Melinescu, the novel "Mamma som gud" ("Mother like God").

Romanian flute player Matei Ioachimescu will perform on November 27, from 19,00 hours, at the Romanian Athenaeum, together with a group of other musicians: guitarists Mihai Cojocaru and George Popescu, flutist Mihaela Anica and pianist Horia Maxim.

Jeffrey Franks (in picture, right), the head of the International Monetary Fund (IMF) mission to Romania, has asked for the recently voted flat tax drop to 10 percent not be enforced in Romania, as it is raising several concerns and as it had not bee discussed with the new Fiscal Council.

Two new expats will join the Petrom broad of directors from January 2011. Daniel Turnheim (in picture) will be the new chief financial officer of the company, replacing Reinhard Pichler, while Hilmar Kroat-Reder will be responsible for gas and energy, replacing Gerald Kappes. The two directors who will leave Petrom will have new attributions in the OMV group, the mother company of local Petrom.

Romanian private lending fell 1.1 percent in real terms to EUR 48.3 billion in October from the previous month, according to data from the Romanian Central Bank (BNR). Private lending in Romanian lei was down 1.1 percent on the month in October, while loans in foreign currency fell 0.5 percent.

Romania could invest EUR 30 billion in the energy sector by 2020, with the main source of financing for the investments being the Bucharest Stock Exchange, said Varujan Vosganian, president of the Economy, Industries and Services commission in the Senate, who attended the Energy Forum 2010.

A Romanian traditional products fair will take place between November 26 and 28 in Lia Manoliu national park in Bucharest under the name “Garlic fair” (Basarabia Blvd).

Romanian central bank governor Mugur Isarescu Wednesday defended local creditors, saying the lenders only attracted external financing to respond to consumer over borrowing.

A recently – set up Romanian band called Rise Of Artificial (ROA) has launched a song which is currently on heavy rotation on Romanian radios. The song, called Ne place (We like it) is the first of an album which will include 15 tracks.

The bomb squads that checked an entrance to the Obor subway station in capital Bucharest, Romania, after a man called the 112 emergency number Wednesday morning to report a bomb, found nothing suspicious.

The Romanian Cultural Institute in Stockholm will hold a discussion on Wednesday, at its headquarters in the Swedish Capital, on the latest volume signed Gabriela Melinescu, the novel "Mamma som gud" ("Mother like God").

Romanian flute player Matei Ioachimescu will perform on November 27, from 19,00 hours, at the Romanian Athenaeum, together with a group of other musicians: guitarists Mihai Cojocaru and George Popescu, flutist Mihaela Anica and pianist Horia Maxim.