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The central authorities recently announced that they plan to layoff around 2600 employees in companies where the state is the majority shareholder.

The National Highways & Roads Company (CNADNR) collected a total of 449,798,842.53 RON as road toll revenues (i.e. RO-vignette) in 2007 and 564,340,793.20 RON in 2008.

Spanish-based builder Volumetric is going to build an 11-floor apartment building behind the Brasov County Hospital, on Traian Street.

The very steep increase in the international price of oil and gas in 2007 and 2008 helped domestic gas producers Romgaz and Petrom generate quite a hefty profit.

The area of the Black Sea"s continental shelf which was in dispute in Hague between Ukraine and Romania, contains large deposits of gas and crude oil.

Upset with having received too little money for investments, Liviu Dragnea resigned from the office of Minister of Administration and Interior and is planning to go back "home," to the Chairmanship of the Teleorman County Council

Teachers could become investors on the stock market

nce a core industry of the Romanian economy, the metallurgical

The National Energy Regulatory Authority (ANRE) has amended the decision made last year regarding the exemption of the Romanian sector of Nabucco from the provisions of the law on third party access to the natural gas transport system and the...

The draft State Budget 2009, which the Ministry of Finance has sent to unions and business associations, stipulates revenues of 75.7 billion RON (13.07% of the GDP) and expenses of 94.5 billion RON (16.32%) of the GDP, the deficit being 18.8...

Customers of the financial services and investment company "Broker" Cluj who lost their money in the fraud from the company"s Deva branch actually show up as owing money to the company to the tune of tens of thousands of lei, said one...

The international financial crisis caused a nearly complete freeze of the Romanian real estate market starting in the last weeks of 2008. The sheer lack of liquidity experienced by investors and banks alike froze not only residential, but also...

The European Commission (CE) is studying the project for overcoming the crisis that the General Confederation of the Romanian Industrial Employers (UGIR 1903) has submitted to the authorities of Bucharest, which suggests the creation of a state...

Former Environment Minister Sulfina Barbu and former Environment Guard Commissioner Silvian Ionescu have recently decided to transform their consultancy firm KVB Economic from a limited liability company (Ltd. / S.R.L.) into a bearer shares...

"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...