The initial public offering (IPO) started by the iFond Financial investment fund has been oversubscribed by 3.5 times, according to preliminary data. The fund has raised RON 7 million- the equivalent of around EUR 1.6 million. The fund will invest half of its assets in Fondul Proprietatea shares.

The National Authority for Management and Regulation in Communication of Romania (ANCOM) will organize a bid for telecom equipments in October. The regulation body is looking to buy equipments to modernize networks, Internet connection nodes and internal LAN equipments. The value of the contract will reach EUR 1.1 million.

The name of this band speaks of a tradition in Romania, back from the time the territory of the country was inhabited by...

Romanian language number eight- currency exchange

You might have listened to a Suie Paparude song recently, maybe without knowing the name of the band. Its recent song Soundcheck has quickly spread across Romania as it is broadcast on most radio stations.

The name of the alternative rock band Omul cu Sobolani, translated as 'The Man with Rats' has its roots in Freud's book, Rat-man.
The band was set up in 1997 in Constanta. OCS is made of Dan Amariei (vocals) Nicolae Arama (quitar), Cezar Panait (bass) and Mihnea Drobota (drums). The band has launched five albums so far, an EP and a single.

Rompetrol Rafinare, part of the Rompetrol Group, posted a net loss of USD 119 million in the first half of this year, the company has announced. At the same time, the operational result (EBITDA) was negative, amounting to USD 24,7 million. The company's consolidated turnover was of USD 1.76 billion, up 24 percent compared to the same period of last year.

Israeli president Shimon Peres will start his first official visit to Romania today as part of his official tour in the region. Bulgaria was also included in his tour. Peres will meet Romanian president Traian Basescu and will take part in a commemorative ceremony for the six Israeli military who died in July after a helicopter crash in Bucegi mountains.

Foreign direct investments went down by 29 percent in the first six months of the year, to EUR 1.8 billion, according to data from the Romanian Central Bank (BNR). These have financed just half of the current account deficit, which was of EUR 1.8 billion during this period.

Gheorghe Hagi - “The Maradona of the Carpathians”, as he has been labeled by the media, is seen as the greatest Romanian football player of all times. He was the first Romanian who has played for European top clubs such as Real Madrid, Barcelona and Galatasaray. Through his outstanding dribbles, vision, execution of pass and shots from distance, he managed to impose himself as one of the world’s best players alongside Maradona or Pelé.

The initial public offering (IPO) started by the iFond Financial investment fund has been oversubscribed by 3.5 times, according to preliminary data. The fund has raised RON 7 million- the equivalent of around EUR 1.6 million. The fund will invest half of its assets in Fondul Proprietatea shares.

The National Authority for Management and Regulation in Communication of Romania (ANCOM) will organize a bid for telecom equipments in October. The regulation body is looking to buy equipments to modernize networks, Internet connection nodes and internal LAN equipments. The value of the contract will reach EUR 1.1 million.

The name of this band speaks of a tradition in Romania, back from the time the territory of the country was inhabited by...

Romanian language number eight- currency exchange

You might have listened to a Suie Paparude song recently, maybe without knowing the name of the band. Its recent song Soundcheck has quickly spread across Romania as it is broadcast on most radio stations.

The name of the alternative rock band Omul cu Sobolani, translated as 'The Man with Rats' has its roots in Freud's book, Rat-man.
The band was set up in 1997 in Constanta. OCS is made of Dan Amariei (vocals) Nicolae Arama (quitar), Cezar Panait (bass) and Mihnea Drobota (drums). The band has launched five albums so far, an EP and a single.

Rompetrol Rafinare, part of the Rompetrol Group, posted a net loss of USD 119 million in the first half of this year, the company has announced. At the same time, the operational result (EBITDA) was negative, amounting to USD 24,7 million. The company's consolidated turnover was of USD 1.76 billion, up 24 percent compared to the same period of last year.

Israeli president Shimon Peres will start his first official visit to Romania today as part of his official tour in the region. Bulgaria was also included in his tour. Peres will meet Romanian president Traian Basescu and will take part in a commemorative ceremony for the six Israeli military who died in July after a helicopter crash in Bucegi mountains.

Foreign direct investments went down by 29 percent in the first six months of the year, to EUR 1.8 billion, according to data from the Romanian Central Bank (BNR). These have financed just half of the current account deficit, which was of EUR 1.8 billion during this period.

Gheorghe Hagi - “The Maradona of the Carpathians”, as he has been labeled by the media, is seen as the greatest Romanian football player of all times. He was the first Romanian who has played for European top clubs such as Real Madrid, Barcelona and Galatasaray. Through his outstanding dribbles, vision, execution of pass and shots from distance, he managed to impose himself as one of the world’s best players alongside Maradona or Pelé.