Works on the underground car park in Universitate area in Bucharest have been slowed down by the discovery of 300 years old ruins, believed to be the premises of the Sfantu Sava Academy. Archeologists have been granted permission to unearth the ruins, but the Bucharest City Hall, which works on building the car park, says this will not affect the entire project, as they could incorporate the ruins into the car park.

The Romanian media has picked up on a story involving a bribe attempt at the Ministry of Interior. Interior Ministry state secretary Dan Fatuloiu has recently told off a bribe attempt he had received on behalf of Romanian businessman Catalin Chelu.

Romania will launch a EUR 1 billion bond issue on November 25, hoping to cover the budget deficit and refinance its public debt with the money raised.

U.S. Bechtel, the company that is building Romania’s Transylvania Highway plans to sack over 800 employees working on the highway, arguing the construction area is not ready for further works and the Romanian state has not paid its debts for works in 2010.

The largest work of the painter Nicolae Tonitza (1886-1940) entitled "Golgotha" was sold, in Bucharest, for EUR 125,000 euros, at an Artmark auction "12 +1 Impressionist masterpieces from private collections", at the Ghika Palace on Thursday evening. "Golgotha" has one square meter dimension and is the largest work of Nicolae Tonitza auctioned on the Romanian art market.

Movies in Bucharest opening this week-end: The Next Three Days, Takers, You Again; also on screens: Unstoppable, Easy A, Scott Pilgrim vs. the World

*Leasing market hasn't stopped its fall and is down 27% in nine months – in Ziarul Financiar
*Liliana Solomon: the Vodafone Romania CEO mandate was the best period of my career so far – in Ziarul Financiar
*Ursus closes down Cluj factory. Ursus and Azuga to be produced in Buzau, Timisoara and Brasov – in Ziarul Financiar
*OTE and Deutsche Telekom give one of the most important positions in Romtelecom to Romanian – in Ziarul Financiar

Calendar of events in Bucharest, November 19-21: concerts, shows, exhibitions.

Drugstores in Romania will be set up and operated as commercial companies starting 2011, with a pharmacist as sole associate or part of associations of pharmacists who own at least 51 percent of shares, according to the new law on the organization and functioning of drugstores.

The Bucharest Court of Appeals sentenced business people Corneliu Iacobov and Toader Gaurean to seven and six years in prison, respectively, for defrauding the RAFO Onesti oil refinery. The Court also sentenced Marin Marin to seven years in prison, for abuse of office, and acquitted Liliana Luchian and the other defendants, charged with money laundering.

Works on the underground car park in Universitate area in Bucharest have been slowed down by the discovery of 300 years old ruins, believed to be the premises of the Sfantu Sava Academy. Archeologists have been granted permission to unearth the ruins, but the Bucharest City Hall, which works on building the car park, says this will not affect the entire project, as they could incorporate the ruins into the car park.

The Romanian media has picked up on a story involving a bribe attempt at the Ministry of Interior. Interior Ministry state secretary Dan Fatuloiu has recently told off a bribe attempt he had received on behalf of Romanian businessman Catalin Chelu.

Romania will launch a EUR 1 billion bond issue on November 25, hoping to cover the budget deficit and refinance its public debt with the money raised.

U.S. Bechtel, the company that is building Romania’s Transylvania Highway plans to sack over 800 employees working on the highway, arguing the construction area is not ready for further works and the Romanian state has not paid its debts for works in 2010.

The largest work of the painter Nicolae Tonitza (1886-1940) entitled "Golgotha" was sold, in Bucharest, for EUR 125,000 euros, at an Artmark auction "12 +1 Impressionist masterpieces from private collections", at the Ghika Palace on Thursday evening. "Golgotha" has one square meter dimension and is the largest work of Nicolae Tonitza auctioned on the Romanian art market.

Movies in Bucharest opening this week-end: The Next Three Days, Takers, You Again; also on screens: Unstoppable, Easy A, Scott Pilgrim vs. the World

*Leasing market hasn't stopped its fall and is down 27% in nine months – in Ziarul Financiar
*Liliana Solomon: the Vodafone Romania CEO mandate was the best period of my career so far – in Ziarul Financiar
*Ursus closes down Cluj factory. Ursus and Azuga to be produced in Buzau, Timisoara and Brasov – in Ziarul Financiar
*OTE and Deutsche Telekom give one of the most important positions in Romtelecom to Romanian – in Ziarul Financiar

Calendar of events in Bucharest, November 19-21: concerts, shows, exhibitions.

Drugstores in Romania will be set up and operated as commercial companies starting 2011, with a pharmacist as sole associate or part of associations of pharmacists who own at least 51 percent of shares, according to the new law on the organization and functioning of drugstores.

The Bucharest Court of Appeals sentenced business people Corneliu Iacobov and Toader Gaurean to seven and six years in prison, respectively, for defrauding the RAFO Onesti oil refinery. The Court also sentenced Marin Marin to seven years in prison, for abuse of office, and acquitted Liliana Luchian and the other defendants, charged with money laundering.