The Bucharest Stock Exchange (BSE) Board of Directors in mid-May decided to increase the price variation limit from 15% to 40% as of 15 June, according to a press release issued late last week.

Romanian-based banks tightened the lending criteria for individual customers in the first quarter of 2009, applicable to both mortgage loans and personal loans, according to a study by the National Bank of Romania (BNR).

Braşov -based "Hiperdia", medical imaging center operator, this year expects its turnover to reach 52 million lei, more than double over last year"s 24 million lei.

Carmolimp, a company based in Ucea de Jos, Brasov County, will invest 4 million EUR in building a plant that transforms abattoir waste and animal excrements into electric energy.

At the recently concluded Indagra Food fair held at Romexpo, "Nova Pan" presented an innovative baking system which features automated loading and unloading.

Given the current financial context, the effects of the world crisis in Romania are hard to forecast.

Local authorities of the city of Galaţi have identified the main goals that projects submitted as part of the Integrated Urban Development Plan should focus on.

The Inner Central District of Tokyo has surpassed West End London as the world"s most expensive office area, according from the semi-annual study Global Office Occupancy Costs made by C.B. Richard Ellis Group Inc. (CBRE) Global Research and...

The European Bank for Reconstruction and Development (EBRD) injected 6 million EUR into the share capital of paper factory Pehart Tec, thus making a turn in their previous policy on Romania.

Apartment rental fees in Bra ov dropped significantly in 2009 over the previous year, sometimes by as much as 50%.

Privately-managed mandatory pension funds (Pillar II) concluded last year with a net profit of 30.5 million RON distributed across the 4.03 million participants who made contributions to any such fund last year, according to the Private Pensions...

Beer containing additives is being marketed in Romania, despite its content of malic acid, ammonia caramel and various flavourings.

In this year of crisis, when the auto industry is one of the hardest hit sectors of Romania"s economy, carmaker Mazda is already feeling the effects of the financial crisis.

The number of companies with Italian capital that chose to invest in Romania dropped 30% YOY in Q1 2009, said Mario Iaccarino, director of the Italian Foreign Trade Institute (ICE).

Fortus S.A. - Iasi (­R­A­S­D­A­Q­:­FRTI) reported a significant decrease in operating losses at the end of last year, compared to the figures for 2007, despite a nearly 5 million RON decrease in turnover.

Cosmote Romania reported a 54% increase in corporate traffic in Q1, compared to the corresponding period of 2008, the company announced on Wednesday.

The call for tenders by the Iaşi Electrothermal District Heating Plant (CET) Iaşi SA for purchasing coal needed for the winter of 2009 was won by Iuganord SRL in the Republic of Moldova and Trans Nafta Ltd. Great Britain.

The works for the extension of the runway and the aircraft parking platform of the "Traian Vuia" International Airport of Timişoara will begin on July 4th 2009.

The overall value of guaranteed and non-guaranteed deposits in the Romanian banking system reached 284.16 billion RON at the end of March, up by 5.6% from end-2008, according to Alexandru Matei, Deputy Director of the Banking System Deposit...

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.