Citroen Romania has launched C-Zero, an electric car model, on the Romanian market. The model is priced at EUR 36,600. This is the first electric car officially available in Romania and will be in stock in the following weeks. C-Zero will be sold in its top version, High Line, which includes MP3 radio CD, computer, ESP, USB port, blue tooth, among others.

The creation of two vertically integrated energy companies in Romania – the planned Electra and Hidroenergetica - would significantly impede competition, crowd out private investment and raise prices, contrary to government claims, according to a recent research study by Candole Partners, which also lists several alternative recommendations.

The tenth annual edition of the Transylvania International Film Festival (TIFF) will be held this year between June 3 and 12, in Cluj-Napoca, northwestern Romania, according to the festival’s official website. As in the previous years, a selection of films in the festival will be screened later in Sibiu, central Romania, between June 15 and 19.

Romania was the country the most affected by the crisis last year, with the pessimism of local consumers placing it on the last spot in Europe in a recent GfK study on consumption in 2010.

European private equity firm Axa Private Equity has sold its shares in Gealan Beteiligungs GmbH to German investment fund Halder, which used to own the majority share package in the firm between 2002 and 2004.

Romanian cosmetics producer Farmec Cluj-Napoca, which posted a turnover of EUR 22.8 million last year, up 10 percent on the previous year, hopes this year's business growth will reach 5 percent. One of the channels of growth will come from the international expansion, which has already been started last year, when the company entered the Hungarian market, according to Mircea Turdean, general manager of Farmec Cluj – Napoca.

About 30 border police and customs workers have been detained Tuesday morning and taken in for questioning after a massive sting operation by anticorruption authorities that involved five customs points in western Romania, people close to the investigation told Mediafax newswire.

The International Monetary Fund will submit the new precautionary deal for Romania for approval in its board meeting at the end of March, when it will also talk about the seventh review of the current stand-by agreement with the country, according to Jeffrey Franks, head of the IMF delegation to Romania.

Romanian law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has taken over law firm Cionca Bidiga Godinca, the legal division of Casa de Insolventa Transilvania SPRL and has thus opened an office in Cluj Napoca, the firm has announced.

Market analysis company Cegedim Romania has taken over the pharma software company Pharmec Healthcare Software, from the Pluriva group, controlled by Romanian investors the Tudorache family.

Citroen Romania has launched C-Zero, an electric car model, on the Romanian market. The model is priced at EUR 36,600. This is the first electric car officially available in Romania and will be in stock in the following weeks. C-Zero will be sold in its top version, High Line, which includes MP3 radio CD, computer, ESP, USB port, blue tooth, among others.

The creation of two vertically integrated energy companies in Romania – the planned Electra and Hidroenergetica - would significantly impede competition, crowd out private investment and raise prices, contrary to government claims, according to a recent research study by Candole Partners, which also lists several alternative recommendations.

The tenth annual edition of the Transylvania International Film Festival (TIFF) will be held this year between June 3 and 12, in Cluj-Napoca, northwestern Romania, according to the festival’s official website. As in the previous years, a selection of films in the festival will be screened later in Sibiu, central Romania, between June 15 and 19.

Romania was the country the most affected by the crisis last year, with the pessimism of local consumers placing it on the last spot in Europe in a recent GfK study on consumption in 2010.

European private equity firm Axa Private Equity has sold its shares in Gealan Beteiligungs GmbH to German investment fund Halder, which used to own the majority share package in the firm between 2002 and 2004.

Romanian cosmetics producer Farmec Cluj-Napoca, which posted a turnover of EUR 22.8 million last year, up 10 percent on the previous year, hopes this year's business growth will reach 5 percent. One of the channels of growth will come from the international expansion, which has already been started last year, when the company entered the Hungarian market, according to Mircea Turdean, general manager of Farmec Cluj – Napoca.

About 30 border police and customs workers have been detained Tuesday morning and taken in for questioning after a massive sting operation by anticorruption authorities that involved five customs points in western Romania, people close to the investigation told Mediafax newswire.

The International Monetary Fund will submit the new precautionary deal for Romania for approval in its board meeting at the end of March, when it will also talk about the seventh review of the current stand-by agreement with the country, according to Jeffrey Franks, head of the IMF delegation to Romania.

Romanian law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has taken over law firm Cionca Bidiga Godinca, the legal division of Casa de Insolventa Transilvania SPRL and has thus opened an office in Cluj Napoca, the firm has announced.

Market analysis company Cegedim Romania has taken over the pharma software company Pharmec Healthcare Software, from the Pluriva group, controlled by Romanian investors the Tudorache family.