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The rehabilitation works for DN7 will be completed three months ahead of schedule, with the delivery of the works to take place in July, Prime Minister Emil Boc announced yesterday in Nădlac, Arad county.

Former and current chairman duke it out in court Badly hurt by the sanctions of the Romanian Securities Commission, following the fraud in Broker"s Deva office and the irregularities found in its Baia Mare branch, brokerage firm...

The Court of Appeal ruled in favour of the Ministry of Health in the lawsuit filed by the Romanian Association of International Medicines Manufacturers (ARPIM) to suspend Order of the Minister of Health no. 75/2009 endorsing the norms on the...

Generali PPF Holding yesterday launched a public takeover bid for 18% of the share capital of the insurer Ardaf (RASDAQ:ARDF).

Romaqua Group SA Borsec"s latest product, "Albacher" beer, has already reached a market share of 4.7%.

Avery Dennison has opened a new distribution centre, in Timisoara. Managed by Sergiu Schiopu, the site is the newest addition to the widest European distribution network in the labelling industry.

"Birta" has been present on the Romanian market since 1991. Ioan Birta, the Chairman/General Manager of the company, said: "Among other things, in 1993, we brought the Nokia brand to Romania, and launched a huge plan for promoting...

While on an election campaign, Mircea Geoana, President of the Social Democrat Party (PSD) yesterday asked the Government to identify all conditions and constraints that Romania was going to commit to as part of the loan agreement with the...

In March, Bucharest"s real estate market was hit by a 20% drop of prices for old apartments.

The Autonomous Administration for Nuclear Activities (RAAN) has announced two new auctions on the Centralized Market for Bilateral Contracts (PCCB) managed by OPCOM.

Social Democrat Party leader Mircea Geoana yesterday said the party wanted to see a governmental programme to build homes and lease them to underprivileged young families for a State subsidized rent.

Central authorities are reviewing various steps for supporting the steel and metalworking industry during the crisis, by providing cheap gas.

Banca Italo Romena reported a net profit of 7.72 million EUR for the first three months of 2009, up by 29.9% from the corresponding period of 2008, the bank announced.

Gheorghe Flutur, Vice President of the Democrat Liberal Party (PD-L) yesterday announced that Prime Minister Emil Boc had asked the Ministry of Economy and the Ministry of Finance to find solutions to have the European Commission authorize State...

Autumn could bring about a new price cut for natural gas, this time in the two-digit range, said Adrian Gurzău, the vice-president of the Abuse Commission of the Chamber of Deputies.

The current version of the Nabucco Project is impossible, considering the significant cost, Russia"s opposition and the lack of access to natural gas deposits, either in Iran or in Turkmenistan, according to Marius-Eugen Opran, Executive...

Defaults on individual and corporate loans increased by about 76% in Q1 2009, reaching five billion lei (EUR 1.2 billion), with the largest spike in the case of foreign currency loans, which are up 118.6% from the end of 2008, according to data...

Kraft Foods Romania and Rap Confectionary, a member of Raptronic Group, have come to an agreement on Rap Confectionary"s planned takeover of one of the production lines of Kraft"s chocolate factory in Brasov, Romania, to continue to...

Adrian Vestea, Mayor of Rasnov, announced that the tractor factory being built by the Chinese-based Hoyo - SHK Modern Agricultural Equipment in town would become operational in September.

The National Investments Company (CNI) delivered 19 gymnasia in 14 counties by the end of May and continues construction works on 111 gymnasia, which are scheduled for delivery by the end of the year, according to a press release to BURSA.

Around 4500 apartment buildings of the city of Iaşi could be included in the thermal rehabilitation program.

Dragomir Tomaşeschi, prefect of the county of Iaşi, said that officials of the national natural gas transmission operator "Transgaz" SA claim that the company is being blackmailed by villagers of Iaşi county who own the plots of land that...

Sales of home appliances have been plunging since the beginning of the crisis, marking significant differences between the first quarter of 2009 and the corresponding period of 2008.

Cash and online payment provider PayPoint Romania gained 14 major customers last year, launched its bill payment services nationwide, and expanded its terminal network under its own brand across Romania.

Arad-based company "Astra Vagoane Călători" continues negotiations for acquiring a license for producing streetcars.

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

Banca Comerciala Romana (BCR) on Friday launched the "A Guideline to Your Money" programme intended to help customers find the best solutions to manage personal budgets.

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...