After 1989, Romania had to go through a long and at times painful transition towards democracy. The legacy of over 50 years of communism could not be eliminated so quickly. But in the 20 years that have gone by since the fall of communism, the country has managed to make some important steps ahead.

Another Romanian language lesson - this time, learn what to say in a restaurant

The Finance Ministry sold EUR 1.2 billion of state titles today, three times more than it was planning. The average yield a year for these certificates is of 4.9 percent a year. The demand for the state titles was even higher – of EUR 1.37 billion. The state titles have a one-year maturity.

An imitative arts studio will be organized withing an exhibition in the Orizont art gallery in Bucharest tomorrow. Those who will visit the gallery tomorrow will be able to see artists at work and event try to create themselves. Another similar studio for the public will be opened on August 12.

Local lender BRD has opened a EUR 50 million credit line from the European Bank for Reconstruction and Development (EBRD), which it intends to use to offer loans for small and medium enterprises.

Almost a quarter of Romanians pay they bills using automated payment machines, which is double the European average, found a study by Intella Information. However, most Romanians still prefer to receive the paper bills – only eight percent of those included in the study said they chose electronic bills.

Romania is one of the Eastern European markets which looks the most interesting, according to Mark Mobius, the emerging market guru with Templeton Asset Management, in a recent interview published by the Time magazine. But the country comes after Russia, Turkey and Poland.

Rominserv, a company in the Rompetrol group, has signed an agreement with Portuguese Prio SGPS to build four vegetable oil tanks, with an investment estimated at USD 2.1 million, Rompetrol has announced. The tanks are part of the vegetable oil extraction plant in Lehliu.

Romanian investment fund Fondul Proprietatea (Proprietatea Fund) will be most likely floated the Bucharest Stock Exchange in January next year, as well as on a foreign stock market, possibly the London one, according to Greg Konieczny, fund manager for Franklin Templeton in Romania, quoted by the Money Channel.

Eolica Dobrogea, which is developing wind farms in several localities in Dobrogea, including Cogealac, will ask the Cogealac city hall to organize a referendum for all inhabitants to decide on how the wind energy potential in the area will be used. The inhabitants should also decide on how the EUR 3.5 billion revenues to the local budget will be used, Eolica said in a statement earlier today.

After 1989, Romania had to go through a long and at times painful transition towards democracy. The legacy of over 50 years of communism could not be eliminated so quickly. But in the 20 years that have gone by since the fall of communism, the country has managed to make some important steps ahead.

Another Romanian language lesson - this time, learn what to say in a restaurant

The Finance Ministry sold EUR 1.2 billion of state titles today, three times more than it was planning. The average yield a year for these certificates is of 4.9 percent a year. The demand for the state titles was even higher – of EUR 1.37 billion. The state titles have a one-year maturity.

An imitative arts studio will be organized withing an exhibition in the Orizont art gallery in Bucharest tomorrow. Those who will visit the gallery tomorrow will be able to see artists at work and event try to create themselves. Another similar studio for the public will be opened on August 12.

Local lender BRD has opened a EUR 50 million credit line from the European Bank for Reconstruction and Development (EBRD), which it intends to use to offer loans for small and medium enterprises.

Almost a quarter of Romanians pay they bills using automated payment machines, which is double the European average, found a study by Intella Information. However, most Romanians still prefer to receive the paper bills – only eight percent of those included in the study said they chose electronic bills.

Romania is one of the Eastern European markets which looks the most interesting, according to Mark Mobius, the emerging market guru with Templeton Asset Management, in a recent interview published by the Time magazine. But the country comes after Russia, Turkey and Poland.

Rominserv, a company in the Rompetrol group, has signed an agreement with Portuguese Prio SGPS to build four vegetable oil tanks, with an investment estimated at USD 2.1 million, Rompetrol has announced. The tanks are part of the vegetable oil extraction plant in Lehliu.

Romanian investment fund Fondul Proprietatea (Proprietatea Fund) will be most likely floated the Bucharest Stock Exchange in January next year, as well as on a foreign stock market, possibly the London one, according to Greg Konieczny, fund manager for Franklin Templeton in Romania, quoted by the Money Channel.

Eolica Dobrogea, which is developing wind farms in several localities in Dobrogea, including Cogealac, will ask the Cogealac city hall to organize a referendum for all inhabitants to decide on how the wind energy potential in the area will be used. The inhabitants should also decide on how the EUR 3.5 billion revenues to the local budget will be used, Eolica said in a statement earlier today.