The European Commission has approved a EUR 80.6 million state aid scheme for the Romanian cinema production. The EC has OKed the Romanian state's scheme which consists in offering interest free loans and non-reimbursable loans for the production of Romanian movies

"The Concert", a movie by Romanian-born French film director and screenwriter Radu Mihaileanu is nominated for Best...

Romania's current account deficit widened by 30.3 percent to EUR 4.94 billion in the first ten months, from a gap of EUR 3.79 billion a year before, largely due to the lower current transfers surplus, according to data from the Romanian Central Bank (BNR).

Local firm Valco, which produces Romanian traditional alcoholic drinks, has exported 6,000 bottles of traditional Palinca to the US, a total worth of EUR 60,000. The company has signed contracts with distributions companies on the most important US markets New York, New Jersey, Illinois - Chicago, Michigan, Nevada - Las Vegas and California.

Romania has reached the bottom of the crisis, two years down the road, and the 2011 perspectives are positive, according to a recent UniCredit report, CEE Quarterly. The bank's analysts expect Romania's GDP to grow by 1.7 percent next year, after an expected 2.5 percent drop this year and a recorded drop of 7.1 percent in 2009

Real estate projects worth around EUR 500 million are expected to go bankrupt in 2011, according to Coldwell Banker Affiliates of Romania. The volume of projects which will end up bankrupt will thus double on this year's, according to Valentin Ilie, CEO Coldwell Banker Affiliates of Romania.

Romanian President Traian Basescu (in picture) said he will refuse to sign into law a bill renaming the country’s Roma minority internally as “gypsies”, the Financial Times reported online Monday. "I believe it's a big mistake, I'll never promulgate such a law. I'll send the law back," Basescu told the Financial Times in an interview. He added that the bill would be a "gesture of rejection".

Sinaia is more than a mountain resort where travelers flock during winter time. It's a place filled with history and stories, a week-end destination all year round. Discover some of these stories below. You can read more in the recent Bucharest, Romania and Beyond Guide published by City Compass - how to get the guide, here.

'tis is the season to be outdoorsy! Choose one of the Bucharest ice skating rinks listed below. Most of them provide ice skates for rent. The cost of an entry ticket is usually RON 10, while renting the ice skates will cost an extra RON 10 or RON 15. Enjoy your winter holiday in Bucharest!

German do-it-yourself retailer Hornbach, which has opened its fourth store in Romania on the former Prisma location near Bucharest, plans to further invest EUR 30 million in the fourth store of the chain in the capital city.

The European Commission has approved a EUR 80.6 million state aid scheme for the Romanian cinema production. The EC has OKed the Romanian state's scheme which consists in offering interest free loans and non-reimbursable loans for the production of Romanian movies

"The Concert", a movie by Romanian-born French film director and screenwriter Radu Mihaileanu is nominated for Best...

Romania's current account deficit widened by 30.3 percent to EUR 4.94 billion in the first ten months, from a gap of EUR 3.79 billion a year before, largely due to the lower current transfers surplus, according to data from the Romanian Central Bank (BNR).

Local firm Valco, which produces Romanian traditional alcoholic drinks, has exported 6,000 bottles of traditional Palinca to the US, a total worth of EUR 60,000. The company has signed contracts with distributions companies on the most important US markets New York, New Jersey, Illinois - Chicago, Michigan, Nevada - Las Vegas and California.

Romania has reached the bottom of the crisis, two years down the road, and the 2011 perspectives are positive, according to a recent UniCredit report, CEE Quarterly. The bank's analysts expect Romania's GDP to grow by 1.7 percent next year, after an expected 2.5 percent drop this year and a recorded drop of 7.1 percent in 2009

Real estate projects worth around EUR 500 million are expected to go bankrupt in 2011, according to Coldwell Banker Affiliates of Romania. The volume of projects which will end up bankrupt will thus double on this year's, according to Valentin Ilie, CEO Coldwell Banker Affiliates of Romania.

Romanian President Traian Basescu (in picture) said he will refuse to sign into law a bill renaming the country’s Roma minority internally as “gypsies”, the Financial Times reported online Monday. "I believe it's a big mistake, I'll never promulgate such a law. I'll send the law back," Basescu told the Financial Times in an interview. He added that the bill would be a "gesture of rejection".

Sinaia is more than a mountain resort where travelers flock during winter time. It's a place filled with history and stories, a week-end destination all year round. Discover some of these stories below. You can read more in the recent Bucharest, Romania and Beyond Guide published by City Compass - how to get the guide, here.

'tis is the season to be outdoorsy! Choose one of the Bucharest ice skating rinks listed below. Most of them provide ice skates for rent. The cost of an entry ticket is usually RON 10, while renting the ice skates will cost an extra RON 10 or RON 15. Enjoy your winter holiday in Bucharest!

German do-it-yourself retailer Hornbach, which has opened its fourth store in Romania on the former Prisma location near Bucharest, plans to further invest EUR 30 million in the fourth store of the chain in the capital city.