The new Romanian government, headed by the same Social Democratic prime minister, Marcel Ciolacu, recently made its gove...
The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and...
Former soccer player and current investor Gica Popescu (in picture) will invest EUR 10 million in a retail center in Rahova area of Bucharest, which will be called Doldora Bazaar, the businessman has announced. The retail center, which will sell both en-gross and en-detail products, will be built on the premises of a former industrial platform in the city.
Romanians flocked to the seaside last week-end, when the number of tourists in the local seaside resorts reached 80,000, according to official statistics. The number however includes only the tourists which checked into hotels, without taking into account those who have stayed at individuals who rent their places for the summer.
The energy consumption in Romania, which was down in Romania last year on the previous, has actually managed to increase in the first seven months of this year, by 5.23 percent, compared to the same period of last year.
With 6,000 houses damaged by the recent floods and no previous home insurance, the Romanian state will have to pay out EUR 400 million to rebuild some of these houses and the other damaged caused by flooding in the country. Government representatives estimate the value of the damages could even reach EUR 450 million, according to Mediafax newswire.
Cultural and agricultural festival Transilvania Fest, which will take place between July 30 and August 1st this year at Biertan, near Sibiu, will feature local craftsmen, cooks from Transylvania and from the UK who will prepare traditional food.
Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.
Former soccer player and current investor Gica Popescu (in picture) will invest EUR 10 million in a retail center in Rahova area of Bucharest, which will be called Doldora Bazaar, the businessman has announced. The retail center, which will sell both en-gross and en-detail products, will be built on the premises of a former industrial platform in the city.
Romanians flocked to the seaside last week-end, when the number of tourists in the local seaside resorts reached 80,000, according to official statistics. The number however includes only the tourists which checked into hotels, without taking into account those who have stayed at individuals who rent their places for the summer.
The energy consumption in Romania, which was down in Romania last year on the previous, has actually managed to increase in the first seven months of this year, by 5.23 percent, compared to the same period of last year.
With 6,000 houses damaged by the recent floods and no previous home insurance, the Romanian state will have to pay out EUR 400 million to rebuild some of these houses and the other damaged caused by flooding in the country. Government representatives estimate the value of the damages could even reach EUR 450 million, according to Mediafax newswire.
Cultural and agricultural festival Transilvania Fest, which will take place between July 30 and August 1st this year at Biertan, near Sibiu, will feature local craftsmen, cooks from Transylvania and from the UK who will prepare traditional food.
Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.