The Ministry of Development yesterday launched an open request for projects for Axis 1 of the Regional Operational Programme (POR) "Supporting the Sustainable Development of Cities - Urban Pillars of Growth," - major intervention domain...

Shortly after the end of the PSD Executive Committee meeting of yesterday, PSD President Mircea Geoana announced that the party had mandated him to start negotiations with the Democrat-Liberals led by Emil Boc, on condition that UDMR would be...

The Romanian Court of Common Pleas set the hearing for January 27, for resuming the lawsuit filed by the Romania Mare Party (PRM) requesting the annulment of the Government Ordinance concerning the delimitation of the electoral colleges in the...

Do you remember, dear readers, the famous theory about decoupling emergent economies from developed economies?

The end of the year and the global economic crisis, which eventually found its way to the Romanian real estate market, have caused price cuts even on the segment that initially appeared to be the least vulnerable: luxury residential properties.

Nitroporos SRL, formerly the chemical plant Nitramonia - Fagaras, could postpone the start of operations for Spring 2009 because of some administrative problems.

Many construction companies have financial troubles and resort to staff layoffs because of the amounts they are owed by bodies of the central and local authorities.

The local fruit and vegetable production only covers 20% of the demand coming from the big distribution networks and markets, while the remaining 80% is imported, stated Ştefan Niculae, the chairman of "Agrostar".

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."