English Section

"Something" happened in Romania in 1989, which proved that the State cannot ensure the welfare of its citizens even if it has full control over the economy.

"Raiffeisen Zentralbank Oestereich" AG (RZB) announces the successful launch of its first bond of 2009, worth 1.5 billion Euros

Robert Rekkers: "We are confident and ready to face the challenges of 2009"

an interview with Florin Urite, CEO of Teraplast - Bistrita

The budget of the Ministry for Regional Development and Homes for the year 2009 is 3.703 billion lei, which represents 0,64% of the GDP or 1,81% of the entire state budget.

The Guidebook for indicative values of real estate properties - 2009 for Bucharest and the Counties of Călăraşi, Giurgiu, Ialomiţa, Ilfov and Teleorman was sent, as per the Fiscal Code, to all public notary offices and Public Finance Offices...

The fertilizer industry is starting to revitalize after the standstill caused by the lack of orders from farmers.

362 workers of Nitroporos SRL Făgăraş could avoid being laid off, after the Minister of Agriculture, Ilie Sârbu, the Minister of Industry, Adriean Videanu, and the Minister of Finance, Gheorghe Pogea, have assured that next week will be issued an...

The National Securities Commission (CNVM) yesterday ordered brokerage firm Broker - Cluj (BVB:BRK) to close their subsidiary in Deva for 45 days following the irregularities found during a fraud investigation.

The talks about the funding of Nabucco are as yet premature, considers Ioan Rusu, general manager of "Transgaz", company which is involved in the construction of the pipeline, together with OMV Austria, MOL Hungary, Botas Turkey,...

Ikea"s sales passed the 100 million Euros threshold in 2008, with over 13 million items reaching the households of Romanians last year, according to a press release by the company.

Petrom, the largest company listed on the Bucharest Stock Exchange, yesterday announced that their dividends for 2008 could be significantly smaller than a year before as a result of provisions for the last quarter of 2008.

Education, medical unions promise to strike

Primavara Prelungirea Ghencea, one of the first residential projects developed by Can Serv, is 90% sold out.

The Ministry for the Business Environment has announced it is targeting exports towards

Yesterday, in Budapest, Romania confirmed its commitment to the project

The Senate Economy & Industries Committee yesterday postponed the debate on Emergency Ordinance of the Government no. 128/2008 regarding the establishment of the National Energy Company.

The Legal Commission of the Chamber of Deputies has rejected the proposal submitted by the deputy of the National Liberal Party (PNL), Tudor Chiuariu, for the amendment of the four Codes of Law (the Criminal Code, the Code of Criminal Procedure,...

National Land Development Agency (ANIF), insolvent l Irrigation system stricken by disaster as drought looms

In the beginning was the distrust in the financial system.

An interview with Mr. Teodor Ancuta, President - General Manager of Sibex

The Romanian Business People"s Association (AOAR) is again asking energy market regulator ANRE to provide public explanations and arguments for the very hasty announcement that the price of gas will remain unchanged after 1 April 2009.

Râşnov has prepared several projects backed by European or government funding, which it has submitted for approval, and has already received the necessary funding for them.

The four consortiums which made the short-list for the lease of the highway section between Comarnic - Braşov will submit their final tenders on February 2nd, according to the Ministry of Transport.

The consolidation process on the mandatory pension market will continue this year, however the outlook is far more uncertain now then it was last year, according to Emilia Bunea, general manager of the ING Pension Fund.

The Ministry of Transport has outstanding payments to "Bechtel", for the works delivered in 2008, of 141,5 million Euros.

This year started "well" because: (i) the exchange rate is demonstrating an accelerated depreciation of the leu, even though the National Bank has been spending billions to naively fight this trend since October 2008; very many loans were...

Eight companies of the USA, Great Britain, Austria and Switzerland, had already sent in their offers for the administration of the assets of the Proprietatea Fund, by noon, yesterday.

Euro is on a roll against the leu, reaching a new record high of 4,3127 lei yesterday.

The Association of Investors on the Capital Market (AIPC) claims that the regulator of the capital market, the National Securities Commission, has no clear stance on the execution of the legal dispositions of article 203 and subsequent of the Law...

The Chairman of the Senate, Mircea Geoană, considers that the time is right for holding a public debate concerning the storage of phone data, as this issue has stirred reactions from the press and the civil society.

The Ministry of Public Finance will begin, on January 26th, the payment of invoices that were issued last year, which, on December 31rd 2008, amounted to 3,05 billion lei.

The deadline that the Government set for themselves to have the State Budget for 2009 endorsed by Parliament is approaching fast, but results seem to be delayed.

Members of parliament will lose their special pensions and they won"t be getting any more money for cars or expensive furniture

A military band was playing the honours in front of the Ministry of Interior yesterday.

Italian-based energy company Enel is planning to become a vertically integrated operator on the Romanian market and begin electricity production in the near future.

Recent apartments don"t always represent a better security then old ones, in accessing a mortgage.

an interview with Mihai Fercala, President - General Manager of SIF Transilvania

The price of EBS shares is now only one third of what it was at the time of floating

The Thermal Power Plants still need the fuel that has been contracted through direct negotiation

The City of Iasi has defined 73 priority investment projects to be implemented until 2013.

Interview with Mihai Bogza, Chairman of Bancpost, Part II

A crisis of bakery wheat is out of the question for the near future, claim the representatives of miller and bakery producers, after the farmers announced increases of the price of wheat in the coming weeks.