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The number of unemployed citizens of the members of the Organization for Economic Cooperation and Development (OECD) could increase by 8 million by 2010, from 34 million currently to 42 million, according to an OECD report.

Bonds were the highlight of the day on the Bucharest Stock Exchange (BVB) yesterday, as trading reached a total of 9.7 million RON.

The management of Roman SA Braşov unveiled yesterday, the first U650 tractor produced by the company from Brasov.

Moody"s has released a forecast which indicates that Romania will go into recession next year, prompting Romanian officials to quickly refute such scenario, because they deemed it impossible to sink from a 9.1% economic growth in 2008 to a...

Romania"s Ministry of Economy and Finance (MEF) and the European Investment Bank (EIB) have signed a 1 billion EUR loan agreement, which the Romanian party will use to co-finance and pre-finance investment programmes that are eligible for...

"Generali Asigurări" logged gross written premiums of 318,9 million lei (87,7 million Euros) for the first nine months of 2008, up 13,5% from the same period of last year, amid a 50% rise of the unit-linked life insurance segment, the...

Citigroup Inc. has concluded an agreement with the U.S. Treasury, the Federal Reserve Council and the FDIC upon a number of measures intended to consolidate the bank, reduce risks and increase its liquidity, following a major investor confidence...

The Spanish group ROCA intends to build a factory of household appliances, which will employ 1000 over 45 years old and unskilled people.

Agricultural research facilities will sue the Government this week following the latter"s refusal to pass a decision that would ensure the continuity of a traditional field of expertise of the Romanian agricultural sector - the culture of...

Morgan Stanley & Co. International, the third largest shareholder in the Bucharest Stock Exchange (BVB), on Friday put up for sale all of their 207,194 shares in BVB and seek to obtain 8,287,760 RON, equal to 40 RON/share.

The request for bankruptcy was issued by the company"s creditors. Adrian Ababei, the representative of Sigma IPURL, the company"s bankruptcy trustee, stated the following: "The bankruptcy judge set a new hearing for the issuing of a...

ANRE (the energy market regulator) has three months to set the secondary regulatory framework for the support schemas of the production of energy from renewable sources, approved by the Law 220/2008.

Romania will double the energy production capacity by the year 2020, according to Minister of Economy and Finance Varujan Vosganian.

Sibiu-based companies Ambient and Concefa will lay off almost 1,000 people as a result of the economic crisis, according to an announcement by the Sibiu County Employment Agency (AJOFM).

The Bucharest Court of Appeal accepted the appeal filed by Metro Cash & Carry Romania SRL through law firm SCA Bostina & Associates against Commercial Ruling no. 2278 / 16 May 2008 by which the Bucharest Court of Law had ordered the...

On the Sibex market, the end of last week came in a fairly optimistic tone, with shares derivatives on an upward trend.

A crisis that didn"t exist a month ago has become top priority to the Romanian Government.

Standard & Poor"s on Friday downgraded the rating of Ford Motor Corp. from "B-" to "CCC+" outlook negative, following the decrease in the demand for cars on both US and European markets.

The Government adopted the Government Emergency Ordinance for the amendment and completion of the GED no. 174/2002 concerning the introduction of the special measures for the thermal retrofitting of the multi-storey residential buildings.

The cosmetics maker "Avon" launched the first MasterCard credit card available exclusively for its direct customers, issued regionally, in partnership with GE Money.

Employees of the 12 suppliers of the Dacia - Renault factory in Mioveni will be in technical unemployment between 20 November and 7 December following Dacia"s decision to suspend production.

The PSD+PC Alliance has only one prime minister: Mircea Geoana, according to Conservative Party (PC) spokesman Bogdan Ciuca.

BASF SE, the world"s leading chemical producer, will temporarily close 80 plants and downsize production at another 100 plants worldwide, following a profit plunge.

Radu Vasilescu is the new CEO of insurance company Unita as of yesterday.

The BET index, which presents the evolution of the ten most liquid stocks listed on the Bucharest Stock Exchange (BVB), lost 2,2%, in yesterday"s stock market session, reaching a level of 2.956,12 points.

The Government has decided to suspend the car registration tax (also known as the pollution tax) for EURO4-compliant cars until the end of 2009.

The state-owned energy producer "Nuclearelectrica" SA announced, for November 26th, new auctions for the sale of energy on the Centralized Market of Bilateral Contracts (PCCB), administered by OPCOM. about two packages of 204.408 MWh each.

Yesterday"s most liquid stock on Rasdaq was "Ceramica" Iaşi (CERE), with transactions amounting to 208.746 lei.

It appears that the world"s most expensive boulevards have not "heard" of the world financial crisis and managed to achieve growth, or at least stagnation, of their prices in 94% of the 236 cases analysed by Cushman & Wakefield.

The Italian company Lattonedil has begun an eight million Euros investment in a thermal insulation panel factory in the county of Iaşi, commune of Bălţaţi, the delay of execution of the production warehouse being August 2009, according to...

Commercial banks will ask the National Bank of Romania (BNR) to modify the regulations on individual lending because the recently introduced conditions have caused a standstill on the mortgage loan market, according to Radu Gratian Ghetea,...

The increasing number of room space during a year affected by the financial crisis has led to a drop in the occupancy rate of Bucharest hotels by 14,2%, down to 61,2%.

The most popular ski region of Tyrol is Otztal, especially due to the ten various resorts found there.

The price of aluminium traded in London decreased for the third consecutive day yesterday reaching a three-year low as a result of an increase in stockpiles and a decrease in demand.

The international financial crisis has not affected the investment plan of Czech-based energy group CEZ prepared for Romania.

The election campaign is one of the rare moments when politicians truly remember their constituents. Electoral promises, gifts before the winter holidays, warm handshakes are just some of the tricks the wannabe members of Parliament employ to...

Technological progress has made it possible to have "intelligent homes" that respond to the owner and can even be controlled remotely through the Internet.

The effects of the financial crisis are starting to become obvious in Romania"s economy, according to several economic analysts who attended a debate organized by the Associated Financial - Banking Analysts (AAFBR) yesterday.

The quantity of organic waste collected by Protan, the concessionaire of pounding services, at national level can be as much as 250 - 300 tons per day, with peaks in November and December, according to Costin Miu, Managing Partner with Stentor...

A significant decrease in the number of home rental contracts in the last few months is causing an improvement in the supply available on the market.