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The Lower Chamber of Parliament yesterday cast 172 pros, 4 cons and 6 abstentions on a motion to appoint a panel to investigate the Sterling Case.

The assembly of the Chamber of Deputies yesterday rejected, the creation, through an emergency government of the National Energy Company (CEN), approved by means of an emergency ordinance by the Tăriceanu government in October 2008

"Gindi Rom", part of the Israeli Group "Gindi", one of the largest and well reputed real estate developers of Israel, announces its official entrance on the Romanian real estate market, considering that any economic crisis is an...

Despite the crisis affecting all aspects of the real estate market, the office rental segment continues to function well.

Local agencies of the Public Pension Company have started distributing 433,338 pension cards to those entitled to the minimum pension of 300 RON and the standard pension cards including the increase of the pension point to 718.40 RON to all...

MedLife concluded the first quarter of 2009 with 28 million RON in turnover, up by more than 73% from the 16 million RON reported for the corresponding period of 2008.

President Traian Băsescu yesterday said, speaking before the Parliament, that the Bucharest government will not accept for Romanians " to be blamed for being Romanians", referring to the situation in the Republic of Moldova.

The Association of Producers and Distributors of IT and Telecom Equipment (APDETIC) sent an open letter to the Minister of Finance Gheorghe Pogea expressing its disagreement with the draft emergency ordinance meant to revise the state budget and...

Luis Vladoiu, an expert with the State Assets Recovery Authority (AVAS) was appointed as the Administrator of Nicolina S.A. - Iasi during the Extraordinary General Meeting of Shareholders.

International stock exchanges - especially those in the United States and Europe - have been growing for several weeks due to the optimism generated by the flood of money freshly printed by central banks.

Vice-president of the National Liberal Party (PNL), Varujan Vosganian, yesterday said in a press conference, that the budget revision made by the Government is so different from the initial version of the Budget Law that it could very well be...

March brought with it an "explosion" of the number of the apartments put up for rent in Bucharest.

Most of the activities in the construction segment have been put on hold because of the effects of the economic crisis which is why the labor market for foreign construction workers in the county of Galaţi, most of them coming from Turkey, has...

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.