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Three quarters of Romania"s jewellery market is not taxed, the State losing over 100 million EUR per year because of growing tax evasion. Excises on jewellery only fed 500,000 EUR to the State budget.

The government has approved the decree concerning the European Community"s support for the primary processing of flax and hemp stems for fiber.

The Government will allocate the second stage of the national complementary payments for the zooculture sector for the year 2008.

The leasing market might see a 10% growth at best in 2009, in the case of an optimistic prognosis, as the level of funding will be on a par with this year"s for the vehicle, equipment and real estate sectors, stated Adriana Ahciarliu, the...

During the ongoing negotiations for the assembly of the new coalition Government, the National Liberal Party (PNL) has suggested to the Liberal - Democrat Party (PD-L) to trade the office of Prime Minister in exchange for PNL"s support in the...

The Romanian Association of Fund Managers (AAF) considers that, given the current economic climate, there is a need for reducing consumption and stimulating saving and investing.

Commerzbank AG, the second largest bank in Germany, will close Dresdner Kleinwort Ltd."s U.K. mergers and acquisitions advisory unit to cut 1,200 jobs in London.

Deutsche Lufthansa AG, the second largest airline in Europe, is offering 391 million EUR (494 million USD) for Austrian Airlines AG in a move to consolidate operations and expand the number of destinations in Central and Eastern Europe.

The National Prognosis Commission (CNP)could revise the economic growth forecast in January 2009, if the data resulting from the convergence programme make it necessary, CNP President Ion Ghizdeanu announced, quoted by NewsIn.

The construction of Regina Maria GYN/OBS hospital is part of a large investment project initiated by the Unirea Medical Center in the Bucharest"s northern area.

The global economic and financial crisis could force some of the IT companies to focus on basic operations and suspend work on innovative solutions, as a way to reduce risk, according to Doina Binig, Vice President for Strategy within Siveco...

Given the harsh economic conditions forecasted for 2009, "Loris Baby"s Land", sales manager, Mrs. Alina Al Khatib, considers that the next year will be one of market stabilization: "A significant boost to our business could come...

The Government could increase the registration tax for used cars, Prime Minister Calin Popescu Tariceanu said during a visit to a car test centre in Titu yesterday.

The Federation of Business Associations in the Chemical and Petrochemical Industries (FEPACHIM) is asking the Government to urgently introduce a new form of support for farmers in order to finance agricultural production and rescue chemical...

The new regulations regarding state aid for EU banks will be approved by Christmas, according the EU Commissioner for Competition, Neelie Kroes, who has been under significant pressure from EU members lately to get the norms approved sooner.

The elections were won. Everybody won - PSD won, because they came out first, and PDL won, because they ran by themselves (and not in a coalition like PSD), and PC won, because, if they had not made a coalition with PSD, they would have been left...

EU Finance ministers have decided to increase the share capital of the European Investment Bank (EIB) by 67 billion EUR (84.7 billion USD) to enable the bank to intensify lending as a measure to fight recession, according to EIB President...

In November 2008, The Romanian Commodities Exchange (BRM) completed and knocked down almost 200 transactions through the Cash Market and the Auctions Market.

Some 2,200 employees in the chemical fertilizers sector of the chemical industry (approximately 20% of the workforce in the business) are about to be fired following the global economic and financial crisis.

Industrial production prices logged a total growth of 16,7%, in October 2008, as against October 2007, with the most dynamic sector being the processing industry, which logged an 18,8% growth, according to data published yesterday by National...

Romania held the penultimate position in the European Union (EU) according to the extent of Internet access of the population for the first quarter, with only 30% of the Romanian households having an Internet connection, which means half of the...

Constantin Adăscăliţei, vicepresident of the Ia i County Council, has stated that the representatives of the Ryanair low-cost airline have expressed their interest for participating in the plans for the modernization of the Iaşi International...

Sika Romania, a company headquartered in Bra ov, has announced that its turnover for the current year would reach 24 million Euros, up 30% from last year. However the growth rate failed to meet the forecasted 40% growth made at the beginning of...

The British government will hold a 58% stake of the stock of the "Royal Bank of Scotland" Plc group (RBS), which took over part of "ABN Amro" in 2007, the bank announced on Friday.

Unemployment rate in the EU rose to 7,1% in October, up from 7% in the previous month, while unemployment for the Euro area grew from 7,6%, to 7,7%, logging the highest level in the last two years, according to data presented on Friday, by the...

Nine months through the year, pharmaceutical distributor Ropharma - Brasov has reported a turnover of 58,054,876 RON, up from 42,119,308 RON in the corresponding period of 2007.

Plaza Centers has obtained the financing required to complete the construction of Csiki Plaza in Miercurea Ciuc.

Despite the uncertainties surrounding the financial world in the past six months, the rent for office space in Romania has not changed at all.

The leasing market in Romania could grow 10% in 2009, which is similar to the figures for 2008, amid turbulence on international markets and a decline on the car leasing and property leasing segments, said Bogdan Apahidean, CEO of LeasePlan...

The work for the construction of three of the total of five launch points for antihail missiles in the county of Ia i, belonging to the Moldova 1 Regional Antihail Center, has recently begun in the towns of Coarnele Caprei, Hodora and Ruginoasa.

Albalact - Alba Iulia shares (ALBZ) have dropped over 70% since the beginning of the year to 0.204 RON/share on Friday. Brokers say that the trading volume of ALBZ shares has been normal recently, with the exception of the purchases made by the...

Over 3 km of streetcar rails on the Dunărea Neighborhood- Frunzei street route in the city of Galaţi will be renovated using European funding, with a total cost of ten million Euros.

For years, brokers have been enjoying Christmas and New Year"s Day away from the office, as the Stock Exchange is closed in that period. "It was only in 1998 that the Stock Exchange was open on 31 December," a broker said."

Our country obtained, the right to supplement direct payments by 800 million euros for the 2010-2012 period, with funds from the National Budget, following negotiations for the Common Agricultural Policy (CAP).

Cosmote reported, for the first nine months of the year, earnings before interest, taxes, depreciation and amortization (EBITDA) of 10,6 million Euros, as against a loss of 27,4 million Euros recorded for the same period of last year, the company...

What will the next Government look like?

According to some sources close to the receivers of Toptherm Ghimbav, seven investors are interested in the company"s assets.

After the first nine months of this year, "Construcţii Feroviare Moldova" Iaşi (symbol CONFM, on the Rasdaq section of the Bucharest Stock Exchange) reported losses of 2.008.684 lei, up from 299.529 lei for the same period of last year.

The bonds market will become increasingly important in the near future, especially considering that lending is shrinking, according to Stere Farmache, President of the Bucharest Stock Exchange (BVB), who attended the EU-COFILE seminar organized...

The European Commission yesterday unveiled a 200 billion EUR (258.8 billion USD) economic rescue plan for 2009 - 2010, which is equal to 1.5% of the gross domestic product of all Members.