Romanian capital city Bucharest will host a Danube Summit from November 8, an event that is expected to reconfirm in a final declaration the political support for the future EU's Danube Strategy. The event precedes the December summit meeting of the European Council, where the European Commission will unveil a draft action plan for the Danube Strategy, with a final version to be approved by the June 2011 summit meeting of the European Council.

Romanian poet Adrian Paunescu died of cardiac arrest, kidney and liver block this morning at the Floreasca Emergency Hospital, where he had been hospitalized on October 26. Paunescu, 67, started the Flacara literary circle during the communist period, in 1973, which became an influent literary and social movement especially among the youth of the time.

British rehab clinic Castle Craig Hospital, the largest hospital for the treatment of addictions in the UK is currently looking for a Romanian health care operator partners to open a rehab clinic in Romania, Rupert Wolfe Murray, the company's representative for Romania told Romania-Insider.com. “There is no proper rehab facility in Romania,” says Wolfe Murray.

Romanian drivers will be required to use winter tires between November 1 and March 31 every year, or pay a fine between RON 2,500 and 4,000 (around EUR 584-EUR 934), in addition to the damage done to the road if they have no insurance.

Romania ranks 44th after being included this year, for the first time, in a World Economic Forum chart of the 57 most developed financial markets worldwide. Romania received a score of 3.05 on a one-to-seven scale. Romania is immediately outranked by Turkey (42) and Mexico (43), but outranks Hungary (45) and Vietnam (46).

*BNR Governor Isarescu: Economic comeback only after state layoffs – in Ziarul Financiar
*Romania, second highest number of corporate tax payments in the world – in Ziarul Financiar
*Drop in consumption affects the telecom market – in Ziarul Financiar
*After avoiding bankruptcy, Ves Sighisoara can't keep up with orders – in Ziarul Financiar
*Cosmote grows, Romtelecom reaps the benefits of launching NextGen – in Ziarul Financiar

Mobile telephony operator Cosmote Romania posted EUR 117.5 million in revenues in the third quarter of the year, up 8.5 percent on the same period last year, the company has announced. Its profit before taxes (EBITDA) was of EUR 23.3 million, an increase of 24.6 percent on the previous quarter, following the integration of Zapp operator.

Movies in Bucharest this week-end: Due Date, The Girl Who Kicked the Hornet's Nest, The Social Network. Check out the list of cinemas where these movies are screened and their trailers.

Calendar of events in Bucharest during the period November 5-7: concerts, parties, exhibitions

The Embassy is a lounge bar located in Piata Lahovari, in a very fine old building just behind Piata Romana. As you walk up to the bar it has a rather grand feel about it with its solid dark wood bar top and above your head a landing of matching dark wood banister with old paintings on the walls. The bar area itself has low tables with soft, sink-into sofas and chairs. I really like this bar in the afternoons as it has a very relaxed atmosphere and a great place to enjoy yourself while away a few hours with friends.

Romanian capital city Bucharest will host a Danube Summit from November 8, an event that is expected to reconfirm in a final declaration the political support for the future EU's Danube Strategy. The event precedes the December summit meeting of the European Council, where the European Commission will unveil a draft action plan for the Danube Strategy, with a final version to be approved by the June 2011 summit meeting of the European Council.

Romanian poet Adrian Paunescu died of cardiac arrest, kidney and liver block this morning at the Floreasca Emergency Hospital, where he had been hospitalized on October 26. Paunescu, 67, started the Flacara literary circle during the communist period, in 1973, which became an influent literary and social movement especially among the youth of the time.

British rehab clinic Castle Craig Hospital, the largest hospital for the treatment of addictions in the UK is currently looking for a Romanian health care operator partners to open a rehab clinic in Romania, Rupert Wolfe Murray, the company's representative for Romania told Romania-Insider.com. “There is no proper rehab facility in Romania,” says Wolfe Murray.

Romanian drivers will be required to use winter tires between November 1 and March 31 every year, or pay a fine between RON 2,500 and 4,000 (around EUR 584-EUR 934), in addition to the damage done to the road if they have no insurance.

Romania ranks 44th after being included this year, for the first time, in a World Economic Forum chart of the 57 most developed financial markets worldwide. Romania received a score of 3.05 on a one-to-seven scale. Romania is immediately outranked by Turkey (42) and Mexico (43), but outranks Hungary (45) and Vietnam (46).

*BNR Governor Isarescu: Economic comeback only after state layoffs – in Ziarul Financiar
*Romania, second highest number of corporate tax payments in the world – in Ziarul Financiar
*Drop in consumption affects the telecom market – in Ziarul Financiar
*After avoiding bankruptcy, Ves Sighisoara can't keep up with orders – in Ziarul Financiar
*Cosmote grows, Romtelecom reaps the benefits of launching NextGen – in Ziarul Financiar

Mobile telephony operator Cosmote Romania posted EUR 117.5 million in revenues in the third quarter of the year, up 8.5 percent on the same period last year, the company has announced. Its profit before taxes (EBITDA) was of EUR 23.3 million, an increase of 24.6 percent on the previous quarter, following the integration of Zapp operator.

Movies in Bucharest this week-end: Due Date, The Girl Who Kicked the Hornet's Nest, The Social Network. Check out the list of cinemas where these movies are screened and their trailers.

Calendar of events in Bucharest during the period November 5-7: concerts, parties, exhibitions

The Embassy is a lounge bar located in Piata Lahovari, in a very fine old building just behind Piata Romana. As you walk up to the bar it has a rather grand feel about it with its solid dark wood bar top and above your head a landing of matching dark wood banister with old paintings on the walls. The bar area itself has low tables with soft, sink-into sofas and chairs. I really like this bar in the afternoons as it has a very relaxed atmosphere and a great place to enjoy yourself while away a few hours with friends.