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The first wind turbine of the wind park built by CEZ in the Fantanele - Cogealac area will be installed in early July.

The Romanian construction market has major deficiencies when it comes to meeting the European guidelines for labor safety, said the chairman of the National Union Of Romanian Employers (UNPR), Marian Petre Miluţ, at a seminar organized by the...

Banca Românească, part of the National Bank of Greece group, has set a budget of approximately EUR 20 million budget for the year 2009, with most of the amount intended to go into the implementation of the new IT system.

The Iasi City Hall has asked the State Inspectorate for Construction to verify the quality of the works performed to modernize tramway tracks in the Tatarasi district of the city.

KPMG"s report on mergers and acquisitions in the renewable energy sector shows that 63% of the companies are waiting for increased subsidies in this sector.

A quarter of the applications for EU changes have greatly reduced chances to succeed because the applicants do not consult a bank before submitting them, according to Ramona Ivan, a manager with the Financial Institutions Department of BCR, who...

The Chairman of the National Department of the Social Policies of the Social Democratic Party (PSD), deputy Ioan Cindrea, yesterday announced that his party would request the elimination of excessive pensions, including the pension of members of...

Banks are approaching the end of the race for attracting liquidities from individuals, while fixed-term deposits are about to fall out of fashion once again.

Romania"s irrigation system could be expanded to 760,000 hectares in 2009, by 200,000 hectares more than now, if the 100 million RON necessary for this purpose is available, Agriculture Minister Ilie Sarbu said yesterday.

Bucharest Mayor Sorin Oprescu yesterday announced that the Municipality was going to start new investments this year to improve the city"s infrastructure and road traffic.

The EUR 3 million investment that CMU completed this month is part of the company"s expansion strategy which is intended to help it provide modern medical services to as many customers as possible.

The Brigade for Fighting Organized Crime of Piteşti, more specifically the Service for Combating Funding of terrorism and Money Laundering, took legal action ex officio on August 7, 2007, against 25 people that initiated and created an organized...

The Brasov City Council convened for an ordinary meeting to discuss the City Hall"s motion to approve the documentation for the expropriation of a plot of land in the Darste area supporting one of the legs of the bridge linking DN1 and the...

The "Solidaritatea" union of the metallurgic plant ArcelorMittal Galaţi filed a criminal complaint on Tuesday, with the office of the Public Prosecutor of the Galaţi Court, against the Chairman of the Board of ArcelorMittal, Lakshmi Nivas...

Several investors who had previously announced plans to invest in the Industrial Zone of the town of Pecica, Arad County, changed their plans sometime after the beginning of the financial crisis.

The National Anti-Corruption Directorate (DNA) territorial bureau in Targu Jiu have decided to prosecute the former management of the Turceni Energy Complex (Complexul Rovinari Turceni) for having purchased "a useless, worn-out machine...

The drought will lower the output of cheap hydroelectric energy, and will increase the demand for electricity of the households and companies (due to air conditioning use), as well as the electricity demand of agriculture (irrigation).

The chairman of the Braşov Chamber of Trade and Commerce, Nicolae Ţucunel, yesterday said, during a Romanian-German forum which brought together companies operating in the timber industry, "that the price of timber in Romania is set by a...

Over 1600 of Oltchim"s employees are at risk of entering technical unemployment, while those who will continue to work will only receive 85% of their salary, as the plant has been operating at just 40% of its capacity, since the end of last...

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.