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The IMF apologized for not having foreseen the world financial crisis.

President Traian Basescu addressed the Parliament plenum yesterday on current affairs of the State in the broader context of the economic and financial crisis.

The economic and financial circumstances in the United States show that optimism and positive attitude are not enough to turn a crisis into a new success story.

The bank accounts of "Electroputere" Craiova (stock symbol: EPT) could be frozen, at the request of the Craiova Tax Department, if the company doesn"t pay, by the end of this month, a one million Euros installment, of the three...

The Governor of the National Bank of Romania, Mugur Isărescu, said on Friday, while in Braşov, at the conferences of the Romanian Banking Institute, that he was extremely optimistic on the chances of our country to see economic growth this year,...

"NewYorker", the German youth fashion brand, yesterday opened its sixth Romanian store.

The latest alarming rumor on the real estate market concerns the foreclosures of homes bought using mortgages.

Following the international financial crisis and the problems facing some of the largest banking groups in the world, governments have started to massively buy shares into the financial giants to prevent them from falling.

Acţiunile tranzacţionate la bursele din Europa s-au înscris pe un curs descendent ieri, după ce, la finele săptămânii trecute, guvernul britanic a preluat controlul la "Lloyds Banking Group" Plc.

The mayoralty of Bucharest"s District 3 yesterday announced, that it has received requests from 168 homeowner associations (approximately 14167 apartments), for the documentation needed for registration in the thermal remodeling program.

The price drops seen on the real estate market lately affect the current market value of buildings that companies include in their real estate evaluation report, "Media City" realtors say. Companies can benefit from the price drops on the...

After almost three years of struggle, after 13 years of trials, after the involvement of the European Parliament, of the Romanian Senate and with the support of Pope Benedict the XVIth, the historical monument Sfântul Iosif Cathedral is only two...

A new scandal burst out on the energy market last week as Adrian Gurzau, Vice Chairman of the Abuse, Corruption and Petitions Committee of the Chamber of Deputies, claims that natural gas bills are 25% inflated due to a legal scheme sanctioned by...

Mining has taken a heavy toll on the Gorj County environment for many decades, making it into one of the most severely affected parts of the country.

The purchasing department of many great companies, is undervalued and underappreciated, even though it could play a crucial part during these times of crisis, if it were better integrated in the market strategy of companies, according to a KPMG...

The amount of milk collected by milk processing units dropped 4269 tons (-5.1%), in January 2009 month-over-month December 2008. According to the National Statistics Institute, (INS), the biggest output contraction in the month of January 2009,...

Officials of "AdePlast", a producer of construction materials for finishes, estimate that in 2009, their turnover could go up to as much as 30-40%, as they are betting first and foremost on the success of the new adhesive factory in...

The economic crisis is not affecting everybody, however certain segments and industries don"t seem to be significantly affected in the current financial context. One such example is the IT security market, which is considered as one of the...

The Brasov Tourism Promotion & Development Association (APDT) and the Sustainable Development Agency (ADDJBv) have presented the slogan created to promote the city of Brasov at the International Tourism Fair Berlin (ITB) to be held on 11-14...

The State will consider taking action against those who deliberately do not pay their loans in order to determine them to do so, as overdue payments towards bank loans have surged lately, President Traian Basescu said.

Talks about the financial crisis seen from a broader perspective that tends to zoom out from our domestic problems could make us forget the issues which are specific to Romania as far as the impact of the crisis is concerned, National Bank...

When Ukrainian special services raided State-owned natural gas corporation Naftogaz on Wednesday, one of the objectives was to investigate a quantity of gas bound for Romania, Hungary and Poland and allegedly taken by Naftogaz from the private...

Four almost four months now, the real estate market of Timi oara has been frozen.

The Ukrainian Parliament yesterday dismissed Foreign Minister Volodymyr Ohryzko on the count that Ukrainian diplomatic efforts during the lawsuit filed by Romania for the delimitation of the continental shelf of the Black Sea and exclusive...

If someone imagined that the financial support promised to farmers to enable them to buy chemical fertilizers would solve right away both the problem of chemical fertilizers plants that have no orders and the problem of Romania"s...

The management of "Ves" Sighişoara (stock symbol: VESY) suggests a 0,0030 lei/share dividend for 2008, according to the notice to attend the General Shareholder"s assembly which will be held in the beginning of April.

The financial crisis isn"t affecting the direct sales market anywhere near as badly as other economic sectors.

Shares of electronics and household appliances retailer "Flamingo International" Bucureşti, traded on the Bucharest Stock Exchange with the symbol FLA, brought the highest yield to investors, representing the best investment on the market...

Cushman & Wakefield put Bucharest on the 37th place on a list of the most expensive office locations in the world, while London lost the title of the most expensive office location in the world after nine consecutive years. The Cushman &...

Customers to the BCR Pension Fund are now able to check their account status through a web interface. "The site creates a first contact between us and Fund customers, potential customers and marketing agencies," said Simona Ditescu, CEO...

The Retail Department of "Colliers International" made a study of the sales generated in Bucharest malls which have been operating for at least six months. The study was focused on fashion shops. It shows that "Unirea Shopping...

The leader of former employees of "Nicolina" Iaşi, Gheorghe Păduraru, said that the company of Iaşi resuming its operations is not entirely out of the question.

The first quarter of 2009 is almost past, while the efficiency of the governments" crisis solutions is yet to be witnessed.

The vice-governor of the NBR - Cristian Popa and the secretary of state of the Ministry of Public Finances (MFP) - Bogdan Drăgoi, are in Washington these days to have preliminary talks for a foreign loan from the IMF, Mugur Şteţ, spokesperson of...

The mandatory private pension funds in Romania (Pillar II) have posted an 8.9% yield for their first nine months in business, equal to an annualized yield of 11.9%, whereas foreign counterparts reported negative results for 2008. Romania is the...

Emergent Europe currencies depreciated yesterday driven by a more than 2% plunge of the forint after European leaders had just refused to pass a rescue plan for the entire region during the summit held late last week.

Over 1900 citizens of Arad will lose their jobs between March and May, according to notifications by the County Employment Agency (AJOFM).

The evolution of standards and terms for lending to the population has tightened significantly, according to a poll made by the National Bank of Romania.

The listing of Banca Comerciala Romana (BCR) on the Bucharest Stock Exchange (BSE) is becoming ill-timed considering the current conditions on the capital market, but a decision to postpone the listing would have to be based on an amended...

Romanian company "Brinel", one of the main domestic providers of IT solutions, saw a 15% turnover increase at the end of 2008, exceeding 105 million lei (around 28 million Euros) for the entire group.

The new management of the state owned energy producer "Complexul Energetic Turceni" proposes year an investment budget of around 593 million lei (around 138 million Euros) for 2009.

The Arad County Council recently green-lit the execution of the Arad - Timişoara highway 25.4 km segment, which belongs to the County of Arad.