Romanian overdue payments on loans of at least RON 20,000 (around EUR 4,700) more than doubled to RON 14.6 billion (EUR 3.4 billion) in September compared to the same month last year, according to data from the Romanian Central Bank (BNR). Compared with August, overdue loan payments grew by 7.7 percent in September, data shows.

Three international DJs will mix on Saturday, November 20, at Sala Polivalenta in Bucharest at the Cadenza Vagabundos...

The Danube Strategy should be applied starting with the first half of next year, jointly with the other states in the region and the European Commission, but it requires solid projects, such as a network of highways, high-speed trains and flights, said Romanian Prime Minister Emil Boc on Monday. "Sometimes it is easier to get from Bucharest to Paris, London or Brussels, than to have a direct connection with Sofia, Zagreb or Belgrade. This must change," said Boc speaking at the Danube Summit in Bucharest.

Foreign direct investments reached EUR 3.4 billion in Romania last year, according to data from the Romanian Central Bank (BNR), taking the entire stock of FDI to the country to almost EUR 50 billion.

Romania and the Republic of Moldova will sign a border cooperation treaty and similar initiatives will follow in the Balkan region, said Jose Manuel Barroso (in picture), president of the European Commission, who is in Bucharest attending the Danube Summit which takes place in the country.

Real estate investment manager Valad has signed a three year lease for the A1 Business Park in Bucharest, a contract worth EUR 310,000, and also expanded an existing lease contract.

Archaeologists have unearthed the mass grave of 100 Jews killed during the Holocaust in a forest area near the village of Popricani, close to the city of Iasi, in northeast Romania, according to the Elie Wiesel Institute. This is the second mass grave dating from the Holocaust era in Romania, after the one discovered in 1945 also in Iasi.

Romania's construction output fell 15.1 percent in September compared to the same month a year earlier, with decreases in all sectors, according to the National Institute for Statistics. Residential building works fell 35.9 percent on the year in September, while civil engineering works and non-residential constructions were down 12.7 percent and 0.3 percent respectively.

Two thirds of business leaders in Romania do not expect a significant economic recovery in 2011, while one third believe there are no clear prospects regarding the end of the crisis at all, found a recent AT Kearney survey. While the crisis has a clear impact on all industries, only 10 percent of the CEOs interviewed see a low effect of the crisis on their own industry compared to the other ones, according to AT Kearney.

Hewlett-Packard (HP) has chosen Romania to open its first mono-brand store in Europe. The HP Brand Store was opened in Plaza Romania shopping center in Bucharest and will be operated by Altex Romania.

Romanian overdue payments on loans of at least RON 20,000 (around EUR 4,700) more than doubled to RON 14.6 billion (EUR 3.4 billion) in September compared to the same month last year, according to data from the Romanian Central Bank (BNR). Compared with August, overdue loan payments grew by 7.7 percent in September, data shows.

Three international DJs will mix on Saturday, November 20, at Sala Polivalenta in Bucharest at the Cadenza Vagabundos...

The Danube Strategy should be applied starting with the first half of next year, jointly with the other states in the region and the European Commission, but it requires solid projects, such as a network of highways, high-speed trains and flights, said Romanian Prime Minister Emil Boc on Monday. "Sometimes it is easier to get from Bucharest to Paris, London or Brussels, than to have a direct connection with Sofia, Zagreb or Belgrade. This must change," said Boc speaking at the Danube Summit in Bucharest.

Foreign direct investments reached EUR 3.4 billion in Romania last year, according to data from the Romanian Central Bank (BNR), taking the entire stock of FDI to the country to almost EUR 50 billion.

Romania and the Republic of Moldova will sign a border cooperation treaty and similar initiatives will follow in the Balkan region, said Jose Manuel Barroso (in picture), president of the European Commission, who is in Bucharest attending the Danube Summit which takes place in the country.

Real estate investment manager Valad has signed a three year lease for the A1 Business Park in Bucharest, a contract worth EUR 310,000, and also expanded an existing lease contract.

Archaeologists have unearthed the mass grave of 100 Jews killed during the Holocaust in a forest area near the village of Popricani, close to the city of Iasi, in northeast Romania, according to the Elie Wiesel Institute. This is the second mass grave dating from the Holocaust era in Romania, after the one discovered in 1945 also in Iasi.

Romania's construction output fell 15.1 percent in September compared to the same month a year earlier, with decreases in all sectors, according to the National Institute for Statistics. Residential building works fell 35.9 percent on the year in September, while civil engineering works and non-residential constructions were down 12.7 percent and 0.3 percent respectively.

Two thirds of business leaders in Romania do not expect a significant economic recovery in 2011, while one third believe there are no clear prospects regarding the end of the crisis at all, found a recent AT Kearney survey. While the crisis has a clear impact on all industries, only 10 percent of the CEOs interviewed see a low effect of the crisis on their own industry compared to the other ones, according to AT Kearney.

Hewlett-Packard (HP) has chosen Romania to open its first mono-brand store in Europe. The HP Brand Store was opened in Plaza Romania shopping center in Bucharest and will be operated by Altex Romania.