Big textile retailers in Romania are on the verge of relocating to Bangladesh, India, Vietnam as production costs increased, leaving hundreds of people on the streets. Elsewhere in the news, European Investment Bank officials conclude that Romania faces the last stage of the crisis and that the state has huge difficulties in coping with it. Romanian world champion boxed Lucian Bute trains in Miami to hide his celebrity and seek his peace, one month before one of the most important games in his career. The Romanian women arrested in Spain this month, accused of complicity in the Sahil Saeed kidnapping, a 5 year old boy, is a former employee of the Spanish police.

Big textile producers in Romania are planning to relocate to Bangladesh, India or Vietnam as production costs in Romania increased leaving thousands of hundreds without a job, Gandul reads. 750,000 people in the textile industry were laid off two years ago and currently there are about 200,000 people working in the industry.

last year, textile industry production dropped by 30% and exports dropped by 13%. Levi's entered the Romanian market in 2000 and left in 2008 but they left as they found something cheaper in Bangladesh, Lidia Herescu, marketing representative of a textile company in Romania.

H&M, another big company came to Romania in 1995 and left in 2009 to Turkey with its mass production.

Gandul quotes European Investment Bank officials saying that Romania faces the last stage of the crisis even if the government faces huge difficulties. Local economists quoted by the newspaper however, say that 2010 will be a year of crisis as well and everybody will pay the costs.

The main difficulty of the country is the public budget, EIB Vice President Mathias Kollatz Ahnen declared in a press conference. As a solution, Kollatz Ahnen indicated the Europea