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The company and the factory "Manufactura" of Turnu Măgurele were born following a bet by Italian entrepreneur Nazzareno Marinangeli.

Parliamentary parties are extremely displeased with the Government"s decision to adopt Emergency Ordinance of the Government 61/2009 enabling the Cabinet to abrogate laws before they come into effect.

"Praktiker" Romania Friday opened a new wing of the Craiova store, after expanding by over 2,000 square meters the retail area of the store.

Frigotehnica has created a Green Energy Division and thus tapped the renewable energy market.

Fortus S.A. - Iasi has delivered their 14th pedestal for pivotal cranes needed to build specialized offshore vessels to the STX Europe Shipyard in Tulcea.

The Government"s General Secretariat (SGG) requested that the Prime Minister"s Investigation body investigate the terms under which former director of RA-APPS (Government Business Enterprise for managing the Public Heritage), Adrian...

Romanian Commodities Exchange (BRM) runs the risk being declared insolvent, after the court of Bucharest decided to initiate the insolvency proceedings following the request of Moldova SRL Trading and Brokerage company, official of the Iaşi...

A group of representatives of a French company had talks with the management of CET Arad in order to take over the thermal plant.

Europe seems to be increasingly concerned by a reoccurrence of the Russian gas crisis in the winter of 2009.

Multivac Romania, the representative office of the German-based packaging machinery manufacturer Multivac, started operations in August 2008 and concluded last year with 2 million EUR in turnover.

Romania"s exports declined by 23% in April compared to the corresponding month of 2008, while imports dropped 40%, thus leading to a trade deficit of 835.1 million EUR, according to the National Statistics Institute (INS).

The ongoing international crisis has limited the manoeuvring space of the "bad boys" of the capital market and made it harder for them to fool other investors, as financial difficulties have made the latter much more cautious, J. Troy...

"Rap Confectionary" intends to rent a second production line from the Kraft chocolate factory in Bra ov, in order to expand its product range.

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...