The net assets of the nine privately managed pensions funds in Romania reached EUR 835 million in July this year, which is a 49.2 percent increase compared to December 2009, according to the Private Pensions System Surveillance Commission. The value of private pension funds assets has increased two-fold compared to June 2009.

Axl Rose, the leading singer of rock band Guns n'Roses, has announced the cancellation of all upcoming concerts. The announcement came on his Twitter account. However, media reports quoting various concert organizers say this was a hoax.

Telecom operator Orange will launch a pre-paid card for Internet access tomorrow, with prices starting EUR 5, the company has announced. The announcement comes soon after its competitors, Vodafone and Comoste, had already launched such services.

Romania's inflation rate was the highest in the European Union in July this year, compared to the same month of last year, going up from the third place in June. The country's inflation rate was of 7.1 percent, while the average inflation in the EU was of 2.1 percent. Romania's inflation rate was of 4.3 percent in June, while the average in the EU was of 1.9 percent then.

Several Romanian ministries and the World Bank are undertaking a Functional Review of their activity to identify actions that would improve the quality and cost-effectiveness of public services in the country, the World Bank has announced

An exhibition of Romanian orthodox paintings created by local painter Calin Vadan will be on display starting September 2nd in Lisbon, at the National Archeology Museum, according to the Romanian Cultural Institute (ICR).

Insurance company Ardaf posted a volume of gross subscribed premiums of EUR 33.2 million (RON 141.1 million) in the first half of the year, which was down 13.5 percent on the same period of last year. However, the company managed to post a profit of EUR 2.1 million (RON 9 million).

Two men in Tulcea county, southeastern Romania, have been diagnosed with viral meningitis and are suspected of contracting the West Nile virus, according to Mediafax newswire. The tow patients, of 18 and 43, most likely got the virus through mosquito bites when they went fishing.

The Romanian feature film “If I Want To Whistle, I Whistle” by Romanian director Florin Serban is Romania’s proposal for the 2011 Academy Awards in the best foreign language film section. (trailer below)

Family Frost, a vending vans retail company which had entered the local market in 2008, announced its exit from Romania due to lower than expected sales, according to Romanian newspaper Ziarul Financiar, quoting company representatives.

The net assets of the nine privately managed pensions funds in Romania reached EUR 835 million in July this year, which is a 49.2 percent increase compared to December 2009, according to the Private Pensions System Surveillance Commission. The value of private pension funds assets has increased two-fold compared to June 2009.

Axl Rose, the leading singer of rock band Guns n'Roses, has announced the cancellation of all upcoming concerts. The announcement came on his Twitter account. However, media reports quoting various concert organizers say this was a hoax.

Telecom operator Orange will launch a pre-paid card for Internet access tomorrow, with prices starting EUR 5, the company has announced. The announcement comes soon after its competitors, Vodafone and Comoste, had already launched such services.

Romania's inflation rate was the highest in the European Union in July this year, compared to the same month of last year, going up from the third place in June. The country's inflation rate was of 7.1 percent, while the average inflation in the EU was of 2.1 percent. Romania's inflation rate was of 4.3 percent in June, while the average in the EU was of 1.9 percent then.

Several Romanian ministries and the World Bank are undertaking a Functional Review of their activity to identify actions that would improve the quality and cost-effectiveness of public services in the country, the World Bank has announced

An exhibition of Romanian orthodox paintings created by local painter Calin Vadan will be on display starting September 2nd in Lisbon, at the National Archeology Museum, according to the Romanian Cultural Institute (ICR).

Insurance company Ardaf posted a volume of gross subscribed premiums of EUR 33.2 million (RON 141.1 million) in the first half of the year, which was down 13.5 percent on the same period of last year. However, the company managed to post a profit of EUR 2.1 million (RON 9 million).

Two men in Tulcea county, southeastern Romania, have been diagnosed with viral meningitis and are suspected of contracting the West Nile virus, according to Mediafax newswire. The tow patients, of 18 and 43, most likely got the virus through mosquito bites when they went fishing.

The Romanian feature film “If I Want To Whistle, I Whistle” by Romanian director Florin Serban is Romania’s proposal for the 2011 Academy Awards in the best foreign language film section. (trailer below)

Family Frost, a vending vans retail company which had entered the local market in 2008, announced its exit from Romania due to lower than expected sales, according to Romanian newspaper Ziarul Financiar, quoting company representatives.