Romania’s Senate adopted Tuesday with 45 to 31 votes and eight abstentions a draft law drawn up by ruling democrat liberals, which reduces the flat tax to 10%, from 16%.

Hezy Ovadia (in picture) is the new president of United Romanian Breweries Bereprod (URBB), replacing Shachar Shaine from January 2011. Shaine has been leading URBB for the last six years. Ovadia has been working in the FMCG sector and has 19 years of experience.

This week’s Romanian city is Targoviste, the former Wallachian capital and Royal Court located 80 km from the current Romanian capital Bucharest. It is a city where history springs from every corner, and its closeness to Bucharest makes it a great week-end escape destination.

The Romanian leu opened Tuesday’s session at 4.3 to the euro, close to Monday's closing levels, when it was trading at 4.297/4.299 to the euro.

Investment in research and development is one of the essential ingredients required to generate economic growth. EU funds are available for R&D activities as well, and Romania-Insider.com looks at the main features of the EU funds for research and development, as well as at several foreign investments in the Romanian R&D sector.

The Romanian car industry posted a turnover of EUR 8.1 billion last year, which was 6 percent of the country's GDP. The auto industry is expected to reach a 10 percent weight of the GDP this year, according to Constantin Stroe, head of the Car Makers Association in Romania.

The opposition parties in the Romanian Chamber of Deputies' committee for labor voted Monday in favor of setting the standard retirement age to 60 for women and 64 for men.

The Romanian documentary 'The World According to Ion B' (Lumea vazuta de Ion B) has received the Emmy Award in the category Arts Programming. This was the first documentary created by HBO Central Europe which competed for the Emmy Awards.

*400,000 Romanians chose private medical care – in Ziarul Financiar
*Car center in mall: Grand Arena tries to attract visitors. Decathlon comes in December – in Ziarul Financiar
*Ropharma shares on the Bucharest Stock Exchange tomorrow – in Ziarul Financiar
*Firms replace expat managers with Romanians who worked abroad and reduce their salary costs by 20 percent – in Ziarul Financiar

Sun Plaza shopping center in the Southern area of Bucharest will attempt to break a world record by installing the biggest Christmas light installation. Guinness World Records will be in Bucharest to sign up the attempt, which will try to break the existing record of 150,000 light bulbs in a single location.

Romania’s Senate adopted Tuesday with 45 to 31 votes and eight abstentions a draft law drawn up by ruling democrat liberals, which reduces the flat tax to 10%, from 16%.

Hezy Ovadia (in picture) is the new president of United Romanian Breweries Bereprod (URBB), replacing Shachar Shaine from January 2011. Shaine has been leading URBB for the last six years. Ovadia has been working in the FMCG sector and has 19 years of experience.

This week’s Romanian city is Targoviste, the former Wallachian capital and Royal Court located 80 km from the current Romanian capital Bucharest. It is a city where history springs from every corner, and its closeness to Bucharest makes it a great week-end escape destination.

The Romanian leu opened Tuesday’s session at 4.3 to the euro, close to Monday's closing levels, when it was trading at 4.297/4.299 to the euro.

Investment in research and development is one of the essential ingredients required to generate economic growth. EU funds are available for R&D activities as well, and Romania-Insider.com looks at the main features of the EU funds for research and development, as well as at several foreign investments in the Romanian R&D sector.

The Romanian car industry posted a turnover of EUR 8.1 billion last year, which was 6 percent of the country's GDP. The auto industry is expected to reach a 10 percent weight of the GDP this year, according to Constantin Stroe, head of the Car Makers Association in Romania.

The opposition parties in the Romanian Chamber of Deputies' committee for labor voted Monday in favor of setting the standard retirement age to 60 for women and 64 for men.

The Romanian documentary 'The World According to Ion B' (Lumea vazuta de Ion B) has received the Emmy Award in the category Arts Programming. This was the first documentary created by HBO Central Europe which competed for the Emmy Awards.

*400,000 Romanians chose private medical care – in Ziarul Financiar
*Car center in mall: Grand Arena tries to attract visitors. Decathlon comes in December – in Ziarul Financiar
*Ropharma shares on the Bucharest Stock Exchange tomorrow – in Ziarul Financiar
*Firms replace expat managers with Romanians who worked abroad and reduce their salary costs by 20 percent – in Ziarul Financiar

Sun Plaza shopping center in the Southern area of Bucharest will attempt to break a world record by installing the biggest Christmas light installation. Guinness World Records will be in Bucharest to sign up the attempt, which will try to break the existing record of 150,000 light bulbs in a single location.