Romania will record an 1.5 percent growth of its Gross Domestic Product (GDP) in 2011, while this year it will shrink by 1.9 percent from 2009, shows the autumn economic forecast issued by the European Commission.

The activity in Romania has helped Raiffeisen International decrease its provisions for South Eastern Europe since the beginning of the year, as a result of the sale of retail customer loans.

Local company BDR Associates Communication Group, affiliated with Hill & Knowlton expects to post a USD 1.8 million turnover this year, close to the average of the last five years.

Mihai Mares (in picture), the former Office Managing Partner of Garrigues in Romania, has joined Musat & Asociatii law firm, along with the team which used to work for Garrigues in Romania.

The city of Sibiu has applied for a EUR 11.5 million loan from the European Bank for Reconstruction and Development (EBRD) to upgrade and refurbish streets mainly along public transport routes in the city and the construction of a new bridge.

Romanian Christians will celebrate St. Andrei (Andrew) on November 30, when over 600,000 Romanians named Andrei, Andreea, Andra, Andreas will also celebrate their name day. St. Andrei is known as Romanians' apostle and Romania's spiritual patron.

Local company Oltchim Ramnicu Valcea, listed on the Bucharest Stock Exchange (symbol OLT) posted a turnover of EUR 32 million in October, up 14 percent on the average in the first ten months this year.

Romania could receive an extra EUR 306 million from Norway, as the SEE Grants and Norwegian Grants programs have been extended until 2014. The funds will contribute to Romania's economic and social cohesion development. Money will go to areas like climate change, renewable energy, green industry innovation and in promoting the concept of decent work.

Romania will invest in the technological and informational development of state-owned postal company Posta Romana in the next two years, said Romanian Communications Minister Valerian Vreme.

The Agapedia Romania Foundation will organize a charitable event on December 3 at the Auditorium hall of the National Art Museum, starting 18,00 hours. The funds raised at this event will contribute to the construction and equipment of a new social-medical center.

Romania will record an 1.5 percent growth of its Gross Domestic Product (GDP) in 2011, while this year it will shrink by 1.9 percent from 2009, shows the autumn economic forecast issued by the European Commission.

The activity in Romania has helped Raiffeisen International decrease its provisions for South Eastern Europe since the beginning of the year, as a result of the sale of retail customer loans.

Local company BDR Associates Communication Group, affiliated with Hill & Knowlton expects to post a USD 1.8 million turnover this year, close to the average of the last five years.

Mihai Mares (in picture), the former Office Managing Partner of Garrigues in Romania, has joined Musat & Asociatii law firm, along with the team which used to work for Garrigues in Romania.

The city of Sibiu has applied for a EUR 11.5 million loan from the European Bank for Reconstruction and Development (EBRD) to upgrade and refurbish streets mainly along public transport routes in the city and the construction of a new bridge.

Romanian Christians will celebrate St. Andrei (Andrew) on November 30, when over 600,000 Romanians named Andrei, Andreea, Andra, Andreas will also celebrate their name day. St. Andrei is known as Romanians' apostle and Romania's spiritual patron.

Local company Oltchim Ramnicu Valcea, listed on the Bucharest Stock Exchange (symbol OLT) posted a turnover of EUR 32 million in October, up 14 percent on the average in the first ten months this year.

Romania could receive an extra EUR 306 million from Norway, as the SEE Grants and Norwegian Grants programs have been extended until 2014. The funds will contribute to Romania's economic and social cohesion development. Money will go to areas like climate change, renewable energy, green industry innovation and in promoting the concept of decent work.

Romania will invest in the technological and informational development of state-owned postal company Posta Romana in the next two years, said Romanian Communications Minister Valerian Vreme.

The Agapedia Romania Foundation will organize a charitable event on December 3 at the Auditorium hall of the National Art Museum, starting 18,00 hours. The funds raised at this event will contribute to the construction and equipment of a new social-medical center.