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Romania, just like the Czech republic, could have breezed through the current crisis, had it not had three major issues, Valentin Lazea, Chief Economist of the National Bank of Romania, recently said, as quoted by Agerpres.

Nine of the total eleven branches of the brokerage firm "Broker" Cluj could be converted to agencies, as part of the company"s reorganization program, said Anton Ionescu, the chairman of the brokerage firm.

Traditional breweries are threatened by extinction, lately, due to the current trend of multinational breweries acquiring smaller independent brewers, one such example being the recent acquisition of "Bere" Azuga by "Ursus...

Ursus Breweries, the Romanian subsidiary of SABMiller, has recently acquired local brewery Bere Azuga (RASDAQ:BEGY) and will pay at least 50,000 EUR/month for 10 years to be able to use the Azuga brand.

Liberals who have left the party may return only if they prove to be "honest people," said National Liberal Party (PNL) President Crin Antonescu, quoted by Agerpres.

Romanian National Authority for Mineral Resources (ANRM) yesterday discussed with "Romgaz" officials the inclusion of the latter in the concession contract by which Sterling Resources was awarded several perimeters in the Black Sea.

Tourism, green energy, the food industry and especially bio food are the areas in which the volume of Swiss investments in Romania can increase, especially as all these sectors of the Romanian economy benefit from a number of governmental...

Lucian Croitoru, an advisor to the Governor of the National Bank of Romania (BNR) could sit on the Board of Directors of the Bucharest Stock Exchange (BSE) following an invitation to run for such position by several Members, sources from the...

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 financial crisis has unavoidably hit the operations of Bucharest"s mayoralty, first of all by causing a downsizing of the 2009 budget, which is smaller, in real terms, than 2008"s budget.

Farmexpert DCI reported a turnover of 56.83 million EUR at the end of the first quarter of 2009, up by approximately 38% from the corresponding period of 2008.

Shares in fertilizers producer Amonil - Slobozia (BSE ticker AMO) drove the Bucharest Stock Exchange (BSE) growth in the last month with a 67.55% surge in EUR-equivalent values between 17 April and 20 May, reaching 0.017 RON/share on Wednesday.

The Authority for State Assets Recovery (AVAS) only has until the end of June 2009 to complete the privatization of "Avioane" Craiova, or else the privatization of the company may be done by the Office for State Interests and Industrial...

The chairman of the ANSVSA, Marian Zlotea, has decided the launch of nationwide investigations of the quality of fruits and vegetables.

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...