English Section

Romania"s Central Bank (BNR) will launch 250 gold coins on April 15th, on the occasion of anniversary of 170 years since the birth of Romanian king Carol I (Charles).

Agricover Group, a provider of farming products, services and technical and financial consultancy to farmers and the industries processing farming products, concluded the first quarter with 85.28 million RON in turnover, up by 29% year-on-year,...

Inflation is no longer a problem for Romania"s economy for the time being as it is more important to reduce public and private consumption and thus set the inflation rate on a downward trend, according to Liviu Voinea, President of the...

Accessing a loan from the two state owned banks, EximBank and CEC Bank, can take two or some times even three times longer than in the case of other banks, according to Mihai Ionescu, chairman of the National Association of Exporters and...

Works on the retail park with a leasable surface of 90,000 square meters will begin in November, according to Silviu Savin, the Director of Flavus Investitii SRL, which acquired the assets of Tractorul S.A. two years ago.

The chairman of the Agricultural Commission of the Chamber of Deputies, Valeriu Tabără, stated that he has nothing against the construction of an airport in Braşov.

Austrian-based Hammerer Aluminium Industries (HAI) on Friday started construction works on an aluminium recycling plant near Santana, Arad County, on a 44 million EUR budget.

The Ministry of the Economy proposes a draft Government decision for keeping the maximum average number of employees in the defense industry at 1600.

Romania"s Central Bank has not received any request to replace the management of CEC Bank, and in this case this happens, the case will be reviewed according to the regulations in effect, Nicolae Cinteză, head of the Monitoring division of...

Gabriel Berca, Chairman of the Senate Committee on Abuses, Corruption and Petitions, announced a new team and new regulations governing the Committee during a public debate held yesterday.

Inspectors of the National Consumer Protection Regulator (ANPC) yesterday went on verification in the Sudului, Berceni, Străduinţei and Progresului markets of Bucharest, which led to the confiscation of goods that were expired, unlabeled or...

Insurance company representatives who offer mandatory car insurance policies yesterday signed the Collaboration protocol for amicable accident reporting in the case of civil liability insurance for car owners, according to a press release by the...

IKEA"s franchise in Romania, located in Baneasa, north of Bucharest, has reported an 18% increase in sales over the past six months.

Officials of "Băneasa Investments", the company involved in the controversial Băneasa project in the northern area of Bucharest, say that two thirds of the infrastructure works in the Băneasa area, co-financed by the World Bank and the...

The Metallurgical Union Federation (FSS) METAROM is preparing to stage major protests to alert the Government as to the serious problems facing metallurgical enterprises and their employees.

The budget revenues collected by the National Fiscal Administration Agency (ANAF) in the first quarter of the year amounted to 34.7 billion RON, down by 7.06% from the 35.1 billion RON collected in Q1, 2008 and by 5.54% less than the target...

Arad County authorities have started the procedure for the European certification of several traditional products within a broader plan to develop rural tourism.

Until 1 February 2009, Radox was organized on cost and profit centres focusing on the import, distribution, installation and service of heating and cooling systems, the production of steel radiators and various construction activities

Even though the introduction of the flat rate tax for small and medium and enterprises is a welcome solution, as it helps fight tax evasion, it is not advisable at this time, because it makes it harder for companies to survive, the Minister of...

The Romanian Commercial Bank yesterday signed a collaboration protocol with the Ministry of Small and Medium Enterprises intended to support the development of the Romanian SME sector.

The European Commission yesterday estimated the maximum cost of the aid that governments have provided to the European financial sector so far could reach EUR 3000 billion, AFP says.

Designer Cătălin Botezatu is considered by many fashion experts as a successor of Karl Lagerfeld.

A report by Moody"s states that Romania"s rating could drop if the foreign loan from the IMF and the European Commission is put on hold, but it could also be affirmed, if the structural reforms are rigorously and consistently followed...

Alpha Bank Romania yesterday launched its POS card payment services for retailers, which allow customers to make payments in lei, Euros or dollars, using regular cards or smartcards, according to a press release issued by the bank.

Delphi Diesel Systems Romania SRL - Iasi has informed the Iasi County Employment Agency of their plans to hire 42 people, including mechanical technicians, mechanical engineers, production supervisors and project managers.

Companies making an annual turnover below 12,000 EUR would pay a lump sum tax of 500 EUR per year, according to Florian Parvu, Vice President of the National Council of Small- and Medium-Sized Enterprises (CNIPMMR).

Businessman Gigi Becali will run for the European Parliament as a candidate of the Greater Romania Party (PRM) upon the invitation of PRM leader Corneliu Vadim Tudor to take the second position on the list of candidates.

The European Bank for Reconstruction and Development (EBRD) has invested a record 1.1 billion Euros in Eastern and Central Europe economies, during Q1 2009.

Romanians" purchasing power dropped in February, as the 0.2% increase of the average net wage was lower than the inflation rate, after wages dropped significantly in January, according to data published by the National Statistics Institute (INS).

A survey by EuroMetropola reveals that 60% of those looking to buy a home these days are middle-class individuals aged between 30 and 40, while 20% are young individuals aged between 25 and 30.

Up to 53,497 EUR is what a family with a net average income of 4,000 RON can borrow to buy a three-room apartment priced at 70,000 EUR, according to a calculation made by mortgage loan broker CreditZone.

The Minister of the Economy, Mr. Adriean Videanu, yesterday stated, during the Romanian-Jordanian Business Forum, that his ministry is currently facing two major challenges - Romania"s reindustrialization and energy security.

Bechtel yesterday announced they recalled 660 employees from technical unemployment in the first week of intensified construction work on Section 2B of Transylvania Highway

The real estate market survey for the month of March made by AnunturiParticulari.ro shows an overall downward trend for all types of apartments, regardless of location. Almost 2300 apartments were put up for sale in March, more than in February...

Nicolae Ioţcu, the Chairman of the Arad County Council, has signed the papers needed for works to begin on the gas pipeline that will connect the national natural gas grid and the Western-European System: "We have finalized the deeds and we...

The financial crisis is affecting business in Danube ports and has prompted the Maritime Danube Port Authority (APDM) in Galati to consider cutting jobs or introducing temporary unemployment by rotation in all subordinated organizational units -...

Petre Stroe, Managing Director of "EGL România" considers that the year 2009 will be tough for energy producers as well. The budgeted earnings and expenses have been built around certain numbers that will most likely be adjusted due to a...

Leasing companies are facing an increasing amount of repossessions, as more and more customers can"t afford to make their payments anymore, because of the depreciation of Romania"s national currency caused by the international economic...

Inland waterway traffic has been affected, too, by the global recession, but traffic growth was still achieved in the first quarter of the year, specifically by 5.63% above target and by 1.32% more than in the first quarter of 2008, according to...

ATEbank Romania"s business plan for 2009 estimates its net profit will increase by 190,77%, up to 12 million lei, on the back of total revenues increasing by 16.47% and of some expenses which will only increase 10%, according to information...

Labour Minister Marian Sarbu said in Brasov on Friday that he would analyze the possibility of extending the period for paying severance until the end of the year for those whose severance support period would expire in April and May.

The spectacular recovery of the car stolen from Gigi Becali on the night of 26/27 January diverted all the attention from the amazing fact that both the theft and the recovery took place in a window of only three hours.