Snagov, a village north of Bucharest which has changed into a luxurious residential location, is under the spotlight as an Australian company plans to set up a Formula 3 circuit there, one newspaper reads on Monday. Elsewhere in the news, EC officials will present today the report outlining the progress Romania and Bulgaria achieved in the field of Justice over the past six months. On local politics, former Social Democratic PM Adrian Nastase plans to reshuffle the political scene.

Cotidianul reads about South Pacific Australian company and its plans to build a 4 km Grand Prix One complex in Snagov, a residential village north of Bucharest. The investment would total 250 million euro for building a commercial mall of some 60,000 square meters and the Forumula 3 circuit.

The project will offer some 3,000 jobs for locals and other people interested. As for the Formula 3 circuit, this will be used both for competitions and drive tests for cars bought from the complex.

Local authorities fully support the initiatives as the investments will double the revenue of the City Hall and offer plenty of job opportunities for the people. Thus, villagers were urged to cast a vote in favor for the project.

However, Snagov Mayor Apostol Musat declared that young people were absent from the vote even if the investment will mostly help them rather than the old. Two hours before the voting closed, there were only 2,300 votes out of the needed 2,401 votes to validate the referendum.

Gandul adds on the same subject that political affiliations overheated the referendum and its importance. The Liberal mayor competes locally against its Democrat-Liberals counterparts as local elections are coming up shortly.

The European Commission presents in Brussels today the report on Romania and Bulgaria's progress over the past six