An International Monetary Fund (IMF) mission, headed by Jeffrey Franks, will be in Bucharest between July 26 and August 4 for the fifth review of the stand-by agreement Romania has signed with the fund. An European Commission review mission will also be visiting Romania during this period.

Calendar of events during the period July 26-29

A medieval festival will take place in Bistrita city in August, with rock ban Haggard playing during the event. The 'Medieval Camp' will take place between August 13 -15 in the Haidenfield recreation area.

The level of ultraviolet radiations will be at a high during this week-end on the Romanian sea side, so stay out of sun during peak hours. Meteorologists have issued a red warning for UV levels for this week-end.

FanFest, a festival which aims at promoting Rosia Montana as a tourist destination and increase visibility for the Save the Rosia Montana campaign will take place between August 13 and 15 this year in the Transylvania village.

Seven European banks, most of which coming from Spain, have failed the European union's stress test whose results were published on Friday. One of the banks that has failed the test, Greek ATE Bank, is also active in Romania. The seventh bank is the German Hypo Real Estate bank.

The Medieval Festival in Sighisoara, which started on Friday, July 23, and will last until Sunday, July 25, will host the first reunion in Romania of 13 Knight orders from the country and abroad. The event is organized under the slogan “Return of the Knights”.

The Western part of Romania will see heavy raining, thunderstorms and hailstorms this week-end. The National Meteorological Administration (ANM) has issued a yellow warning code starting Saturday, July 24 at 15,00 hours and ending on Sunday, July 25, 10,00 hours

Foreign direct investments in Romania went down in May this year by 31.5 percent compared to the same month of 2009, according to the Foreign Investments Direction within the Romanian Center for the Promotion of Trade and Investments. It had been worse at the beginning of the year, when the FDI drop was of 73 percent, but investments increased during March, where the drop was of only 48 percent.

Marius Hagger, general manager of media company Ringier Romania, will leave his position in Romania at the beginning of next year. He will be then joining the NZZ media group in Switzerland. Hagger has been working for Ringier in Romania since March 2008 as the general manager for the Romanian subsidiary. Ringier is yet to announce who will take his seat.

An International Monetary Fund (IMF) mission, headed by Jeffrey Franks, will be in Bucharest between July 26 and August 4 for the fifth review of the stand-by agreement Romania has signed with the fund. An European Commission review mission will also be visiting Romania during this period.

Calendar of events during the period July 26-29

A medieval festival will take place in Bistrita city in August, with rock ban Haggard playing during the event. The 'Medieval Camp' will take place between August 13 -15 in the Haidenfield recreation area.

The level of ultraviolet radiations will be at a high during this week-end on the Romanian sea side, so stay out of sun during peak hours. Meteorologists have issued a red warning for UV levels for this week-end.

FanFest, a festival which aims at promoting Rosia Montana as a tourist destination and increase visibility for the Save the Rosia Montana campaign will take place between August 13 and 15 this year in the Transylvania village.

Seven European banks, most of which coming from Spain, have failed the European union's stress test whose results were published on Friday. One of the banks that has failed the test, Greek ATE Bank, is also active in Romania. The seventh bank is the German Hypo Real Estate bank.

The Medieval Festival in Sighisoara, which started on Friday, July 23, and will last until Sunday, July 25, will host the first reunion in Romania of 13 Knight orders from the country and abroad. The event is organized under the slogan “Return of the Knights”.

The Western part of Romania will see heavy raining, thunderstorms and hailstorms this week-end. The National Meteorological Administration (ANM) has issued a yellow warning code starting Saturday, July 24 at 15,00 hours and ending on Sunday, July 25, 10,00 hours

Foreign direct investments in Romania went down in May this year by 31.5 percent compared to the same month of 2009, according to the Foreign Investments Direction within the Romanian Center for the Promotion of Trade and Investments. It had been worse at the beginning of the year, when the FDI drop was of 73 percent, but investments increased during March, where the drop was of only 48 percent.

Marius Hagger, general manager of media company Ringier Romania, will leave his position in Romania at the beginning of next year. He will be then joining the NZZ media group in Switzerland. Hagger has been working for Ringier in Romania since March 2008 as the general manager for the Romanian subsidiary. Ringier is yet to announce who will take his seat.