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The costs of the Pipera - Tunari overpass have increased to almost EUR 11.44 million, nearly double the initially estimated amount, according to a decision of the Local Council of Bucharest"s second district, mayoralty sources say, as quoted...

The Curtici - Arad Free Zone Administration has finished building a warehouse and is planning to sell or lease it, but the current economic circumstances are not favouring such prospects.

The 2009 Edition of the Romanian Fashion Week has been postponed for the Spring of 2010 because of the lack of funds for staging the event, the organizers announced.

The German-based Lidl & Schwarz Co. & KG, which also runs the Kaufland chain of supermarkets, has announced plans to invest some 5 million EUR in a commercial centre in Galati.

After several protests organized in Galaţi yielded no results, members of the "Solidaritatea" union picketed the headquarters of the Government and the Presidency.

Mondex - Sibiu, a producer of women"s legwear, late last week opened the 102nd proprietary store within the Iulius Mall in Suceava.

Poland will present products bearing the PDZ label at the Indagra Food fair.

Ceramica SA Ia i (CERE on the Bucharest Stock Exchange) posted a net profit of 551.571 in Q1 2009, four times lower YOY, down from 2,432,538 lei.

The Iasi County Court of Appeal could appoint a new administrator of Nicolina SA - Iasi by the end of the month.

Luxury products help Arad County"s largest furniture company, IMAR, survive the crisis as rich customers from Italy and Russia prefer imports from Romania to more expensive products readily available on their home markets.

The leaders of the Romanian Association of Construction Entrepreneurs (ARACO) will continue to notify the entrepreneurs of the National Authority for Regulating and Overseeing Public Procurement (ANRMAP) whenever public auctions get knocked down...

The Minister of Justice, Cătălin Predoiu, who participated in a hearing with the Senate"s Legal Commission yesterday, said he wasn"t consulted by his colleagues on the Government"s decision to take responsibility for the Criminal and...

The hypermarket chain "real,-" has launched the proprietary brand "real,- Quality" encompassing over 200 products which are already available in the 21 hypermarkets opened in Romania.

Romanian investment project fail to raise support, because they lack a vision shared by the business environment and the banks who would support them, Constantin Boştină, the President of the Association for Studies and Social-Economic Forecasts,...

Over 2,400 companies headquartered in the western part of Romania filed for suspending their operations, while some 1,300 companies were dissolved in the first four months of the year, according to a presentation made by the Regional Federation...

Raiffeisen Bank Romania, one of the leading lenders on the local market, has not yet foreclosed on any customer unable to repay their loan and has not sold any receivable, said President Steven van Groningen in an exclusive interview to BURSA.

According to Social-Democratic leaders, the news that current president Traian Băsescu, would consider giving up running for a new presidential mandate in autumn this year, has zero credibility.

The global economy will start growing next year, according to John Lipsky, deputy director of the IMF.

If the draft law regulating vacation tickets becomes effective in the near future, thus bringing benefits to both employers and employees, domestic tourism will grow approximately 15% this year, according to Corina Martin, President of the...

The usage of European funding from the Regional Operational Programme (ROP) exceeds 33% in Centre Region.

Arad Electric Heating Plant (CET) will be split up into two separate companies, while keeping the same owners, in order to qualify for receiving EUR 20 million in European environmental grants.

The second segment of the Braşov beltway will be open for traffic within two months at the latest, the contractors said.

At Interop Las Vegas 2009, HP and Microsoft today announced a four-year strategic global initiative to deliver an end-to-end unified communications and collaboration solution.

The economic recession, an unavoidable phenomenon that the world economic crisis has only accelerated, has reached Romania as well.

According to the results of IMAS"s recent poll, regarding Romanian private medical service providers, Medlife grabbed the top spot when it comes to notoriety among Romanian consumers.

The ongoing economic crisis is also affecting the Romanian IT industry as sales have embarked on a notably downward trend compared to last year.

British pharmaceutical giant GlaxoSmithKline has announced plans to start producing AIDS medication in Brasov, Romania, in the second half of the year and begin exports in 2011.

The collapse of Romania"s exports this year has been substantially augmented by the inefficiency of the governmental and banking measures as the fall of the international markets is only a partial explanation for the failure, according to...

Dan Gabriel Iacob, CEO of Biosens: "The bio market in Romania will not suffer too much because of the crisis, because this is a niche market that develops independently from economic troubles.

The budgets of the energy companies controlled by the Ministry of Economy will be approved latest next week.

The negotiations between the union and the management of the company IAR Ghimbav concerning the reorganization plan are currently under way. The first numbers concerning the staff layoffs were announced on Wednesday.

Petru Prunea, the former chairman of "Broker" Cluj Napoca (BRK), presented his objections to the accusations of the National Securities Commission (CNVM), through an appeal filed with the commission in the beginning of this month.

The sale of the Romsilva lodges is probably one of the most controversial projects of the current Government.

Representatives of the German-based group PCC SE, a significant shareholder in chemical plant Oltchim - Ramnicu Valcea (BSE ticker OLT), believe that the plant"s intention to invest 486 million EUR in expanding the production capacity of...

Technical work on the proposed Nabucco cross-country gas pipeline is entering an "intensive phase," according to the pipeline consortium"s chief.

Braşov-based INAR SA last year posted 40,000 lei in profit, for a turnover of 1.1 million lei, and it has budgeted 1.4 million lei in turnover for this year, and 60,000 lei in profit, on top of investing around 150,000 lei in equipment.

Life insurer ING Asigurari de Viata concluded the first three months of the year with a gross profit of 31.3 million RON, up five-fold from the first quarter of 2008.

Gross subscribed premiums rose 17.5% YOY in Q1 2009, to 23.8 million lei.

The annual inflation rate dropped to 6.45% in April, down from 6,71% in March, in line with economists" and the Central Bank"s estimates, as a result of the cut in prices for services and a stagnation of foodstuffs prices, according to...

The Export - Import Bank of Romania EximBank S.A. and Emporiki Bank yesterday signed an agreement to facilitate the access of small- and medium-sized enterprises to financing, according to a press release.

Lufthansa has reported a slight decrease in the number of passengers transported in Q1 to a little over 15 million, down by 6% from the corresponding period of 2008.

Europe has fallen into a deep recession and there is a risk that it may worsen because of collapsing confidence in the region and the global demand decline, the International Monetary Fund (IMF) estimates.

On Wednesday, the European Commission will launch the excessive deficit procedure against Romania, Malta, Poland and Lithuania for exceeding the budget deficit limit of 3% of the GDP, set by the Maastricht agreement, which is a requirement for...

The law endorsing the Government"s emergency ordinance on the budget rectification is constitutional, the Constitutional Court of Romania (CCR) ruled yesterday.