British band Skunk Anansie will be among the headliners for the B'est Fest music festival in Romania in July this year. The band broke the news on its Twitter account and also posted an update on its official website here. The organizers of the music festival are yet to make an official announcement on this year's edition of the event.

Winter sports lovers will have the opportunity to join the snowkite and speedfly competition which will take place in Sinaia mountain resort in Romania between February 21 and 27. The event, called Winter Air Sports 2011, will take place at Cota 2000 in Sinaia.

Irish developer Caelum Development has received the building permits for the Parklake Plaza shopping center, which should be built on the premises of the former Spartac sports base in the Titan area of Bucharest. Construction works on the mall are expected to start in July this year, according to Caelum.

Shopping center City Mall in Bucharest, currently insolvent, is up for sale for EUR 33 million, according to Casa de Insolventa Transilvania, the judiciary liquidator. Victoria Holding, the owner of the mall, has a debt of around EUR 73 million. The shopping center filed for insolvency in November last year. Australian investment fund APN UKA bought the shopping center in 2006 for EUR 103.5 million.

Worldwide acclaimed jazz guitarist Al Di Meola will return to Bucharest to perform along with his band New World Sinfonia. The concert was set for April 21, at the Palace Hall in the Romanian capital city.

Romanian online IT&C retailer eMAG.ro posted sales of EUR 102 million last year, an increase of 60 percent on the previous year, the company has announced. It plans to further grow its sales to EUR 150 million this year.

Promoting prescription medicine is forbidden on Romanian TV or radio, but broadcasters are allowed to advertise medical practices, clinics and pharmacies, according to amendments to Romania's broadcasting Code, adopted Tuesday by the National Audiovisual Council (CNA).

Rompetrol Rafinare, part of the Rompetrol Group, posted a loss of USD 193 million last year, 41 percent higher than the loss reported the year before. Its turnover managed to increase, however, by 12 percent, to USD 3.5 billion.

ING has agreed to sell the majority of its ING Real Estate Investment Management business (ING REIM) in two separate transactions for a combined price of approximately USD 1 billion to CB Richard Ellis Group. Both ING REIM and CBRE are present on the Romanian market. ING REIM is present in Romania and owns the Felicia Shopping Center in Iasi. CBRE took over local real estate agency Eurisko in 2008.

Aluminium producer Alro posted a preliminary net profit of USD 50.4 million last year, almost double on the previous year, the company has announced. Its turnover was of USD 570 million, up on the EUR 334 million posted the year before. The company paid a profit tax of EUR 7.9 million, while its other taxes amounted to EUR 19 million. RON 80 million.

British band Skunk Anansie will be among the headliners for the B'est Fest music festival in Romania in July this year. The band broke the news on its Twitter account and also posted an update on its official website here. The organizers of the music festival are yet to make an official announcement on this year's edition of the event.

Winter sports lovers will have the opportunity to join the snowkite and speedfly competition which will take place in Sinaia mountain resort in Romania between February 21 and 27. The event, called Winter Air Sports 2011, will take place at Cota 2000 in Sinaia.

Irish developer Caelum Development has received the building permits for the Parklake Plaza shopping center, which should be built on the premises of the former Spartac sports base in the Titan area of Bucharest. Construction works on the mall are expected to start in July this year, according to Caelum.

Shopping center City Mall in Bucharest, currently insolvent, is up for sale for EUR 33 million, according to Casa de Insolventa Transilvania, the judiciary liquidator. Victoria Holding, the owner of the mall, has a debt of around EUR 73 million. The shopping center filed for insolvency in November last year. Australian investment fund APN UKA bought the shopping center in 2006 for EUR 103.5 million.

Worldwide acclaimed jazz guitarist Al Di Meola will return to Bucharest to perform along with his band New World Sinfonia. The concert was set for April 21, at the Palace Hall in the Romanian capital city.

Romanian online IT&C retailer eMAG.ro posted sales of EUR 102 million last year, an increase of 60 percent on the previous year, the company has announced. It plans to further grow its sales to EUR 150 million this year.

Promoting prescription medicine is forbidden on Romanian TV or radio, but broadcasters are allowed to advertise medical practices, clinics and pharmacies, according to amendments to Romania's broadcasting Code, adopted Tuesday by the National Audiovisual Council (CNA).

Rompetrol Rafinare, part of the Rompetrol Group, posted a loss of USD 193 million last year, 41 percent higher than the loss reported the year before. Its turnover managed to increase, however, by 12 percent, to USD 3.5 billion.

ING has agreed to sell the majority of its ING Real Estate Investment Management business (ING REIM) in two separate transactions for a combined price of approximately USD 1 billion to CB Richard Ellis Group. Both ING REIM and CBRE are present on the Romanian market. ING REIM is present in Romania and owns the Felicia Shopping Center in Iasi. CBRE took over local real estate agency Eurisko in 2008.

Aluminium producer Alro posted a preliminary net profit of USD 50.4 million last year, almost double on the previous year, the company has announced. Its turnover was of USD 570 million, up on the EUR 334 million posted the year before. The company paid a profit tax of EUR 7.9 million, while its other taxes amounted to EUR 19 million. RON 80 million.