19 July 2010

With 6,000 houses damaged by the recent floods and no previous home insurance, the Romanian state will have to pay out EUR 400 million to rebuild some of these houses and the other damaged caused by flooding in the country. Government representatives estimate the value of the damages could even reach EUR 450 million, according to Mediafax newswire.

18 July 2010

Cultural and agricultural festival Transilvania Fest, which will take place between July 30 and August 1st this year at Biertan, near Sibiu, will feature local craftsmen, cooks from Transylvania and from the UK who will prepare traditional food.

18 July 2010

Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.

17 July 2010

Kiseleff boulevard in Bucharest will become a car free area during week-end and will be dedicated to sports activities starting this week-end, until August 8. The project, called 'Via Sport', will feature basket, soccer, badminton and ping-pong areas, the Bucharest municipality has announced.

19 July 2010

With 6,000 houses damaged by the recent floods and no previous home insurance, the Romanian state will have to pay out EUR 400 million to rebuild some of these houses and the other damaged caused by flooding in the country. Government representatives estimate the value of the damages could even reach EUR 450 million, according to Mediafax newswire.

18 July 2010

Cultural and agricultural festival Transilvania Fest, which will take place between July 30 and August 1st this year at Biertan, near Sibiu, will feature local craftsmen, cooks from Transylvania and from the UK who will prepare traditional food.

18 July 2010

Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.

17 July 2010

Kiseleff boulevard in Bucharest will become a car free area during week-end and will be dedicated to sports activities starting this week-end, until August 8. The project, called 'Via Sport', will feature basket, soccer, badminton and ping-pong areas, the Bucharest municipality has announced.

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