A project meant to improve the infrastructure for water and wastewater in Dambovita county will be implemented until 2013. The value of the project is of EUR 140 million, one of the biggest such projects undergoing in Romania.

Fondul Proprietatea (Proprietatea Fund) posted a net profit of around EUR 49 million in the first half of this year, which was up 25 percent on the same period of last year.

Several tourist sights around Bucharest will be accessible by public transport starting August 1st, when the Bucharest Public Transport Service (RATB) will start its partnership with the Tourism Ministry and will set up nine bus tracks to reach the tourist sights.

The biggest retailers in Romania run businesses worth EUR 7.5 billion in total last year, shows the recently published Top 100 companies in Romania report by Romania Insider. Last year, these 15 companies together posted sales of EUR 8.2 billion in total, the report shows.

The British ambassador to Romania, Robin Barnett, who is preparing to end his term in Romania, said the bureaucracy in the country is still high and that the infrastructure problems and the labor Code are barriers to investors in this country, he said, quoted by Mediafax newswire.

International Monetary Fund (IMF) and Romanian Government experts have included a 6.8 percent budget deficit on their economic forecasts, according to the Finance minister Sebastian Vladescu.

Cheese producer Bongrain Europe has recently closed its acquisition of a 52 percent stake in local Delaco, according to Biris Goran law firm, which acted as advisor on the deal for the buyer. The deal, which had been previously announced, has got the Romanian Competition Council clearance.

Two new music channels will be launched in Romania this fall, following an initial investment of EUR 50,000. Mooz Hits and Mooz Ro, the music channels which have recently received the license from the Romanian Audiovisual Council (CNA) are part of an investment by Ionut Samoila, who is one of the shareholders in Party TV music channel.

Online retailer eMAG.ro posted a turnover of EUR 41 million in the first six months of the year, which was up 64 percent on the same period of last year, the company has announced. EMAG expects the online retail market in Romania to grow in the second half of the year, after it went up by 30 percent in the first half.

Sarah Chang, Katia and Marielle Labeque and Sam Haywood will play in Bucharest this fall during the Culture Crusade...

A project meant to improve the infrastructure for water and wastewater in Dambovita county will be implemented until 2013. The value of the project is of EUR 140 million, one of the biggest such projects undergoing in Romania.

Fondul Proprietatea (Proprietatea Fund) posted a net profit of around EUR 49 million in the first half of this year, which was up 25 percent on the same period of last year.

Several tourist sights around Bucharest will be accessible by public transport starting August 1st, when the Bucharest Public Transport Service (RATB) will start its partnership with the Tourism Ministry and will set up nine bus tracks to reach the tourist sights.

The biggest retailers in Romania run businesses worth EUR 7.5 billion in total last year, shows the recently published Top 100 companies in Romania report by Romania Insider. Last year, these 15 companies together posted sales of EUR 8.2 billion in total, the report shows.

The British ambassador to Romania, Robin Barnett, who is preparing to end his term in Romania, said the bureaucracy in the country is still high and that the infrastructure problems and the labor Code are barriers to investors in this country, he said, quoted by Mediafax newswire.

International Monetary Fund (IMF) and Romanian Government experts have included a 6.8 percent budget deficit on their economic forecasts, according to the Finance minister Sebastian Vladescu.

Cheese producer Bongrain Europe has recently closed its acquisition of a 52 percent stake in local Delaco, according to Biris Goran law firm, which acted as advisor on the deal for the buyer. The deal, which had been previously announced, has got the Romanian Competition Council clearance.

Two new music channels will be launched in Romania this fall, following an initial investment of EUR 50,000. Mooz Hits and Mooz Ro, the music channels which have recently received the license from the Romanian Audiovisual Council (CNA) are part of an investment by Ionut Samoila, who is one of the shareholders in Party TV music channel.

Online retailer eMAG.ro posted a turnover of EUR 41 million in the first six months of the year, which was up 64 percent on the same period of last year, the company has announced. EMAG expects the online retail market in Romania to grow in the second half of the year, after it went up by 30 percent in the first half.

Sarah Chang, Katia and Marielle Labeque and Sam Haywood will play in Bucharest this fall during the Culture Crusade...