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Regiotrans - Brasov, Romania"s largest railway passenger transportation company in the private sector and the top competitor of the State-controlled CFR Calatori, is aiming for an annual turnover of 126.7 million RON, up by 93% from last...

Former general manager of the Romanian National Railway Company, Mihai Necolaiciuc, was arrested Wednesday in the US, in West Palm Beach, according to "Palm Beach Post", as quoted by Agerpress.

The Minister of Regional Development and Homes, as National Authority for the European Neighborhood and Partnership Instrument - Cross Border Cooperation (ENPI CBC) between Hungary, Slovakia, Romania, Ukraine 2007-2013, yesterday announced the...

According to a press release, the Council of Competition authorized the acquisition of SC "ICIM Arad" SA by SC "Astra Vagoane Arad" SA.

The Ministry of Economy and UniCredit Tiriac Bank have signed a Memorandum of Understanding setting the framework for ensuring financing for major investment projects in the energy industry.

ArcelorMittal - Galati has finalized the implementation of the Automatic Gauge Control for Thick Sheet Steel Works no. 2, which required an overall investment of 8 million EUR, according to a press release from the company.

Created in 2003, "Plastic Industries" SRL of Arad, that has 15 workers specializing in producing PVC plastic welded sheets, is currently facing a drop in demand.

Spanish developer "Avantia", which recently launched its first Romanian residential project called Avantia 1 Decembrie, has already sold 15 apartments out of the project"s 110.

Most of the commercial spaces in downtown Arad are becoming vacant as the crisis is taking a heavy toll on the retailers" turnover and the rent is becoming unaffordable.

President Traian Basescu recently complained that the interest rates charged by commercial banks for loans were too high. However, there are signs that the interest rates on loans could decrease in the near future.

The Agency for Payments and Intervention in Agriculture (APIA) has finalized the campaign to collect applications for complementary national direct payments for animal farmers.

The Ministry of the Economy has only approved the revenue and expense budgets for 2009 for 26 out the 100 companies it controls.

Construction company "Concefa" Sibiu (COFI) controlled by businessman Horaţiu Cercel, had a turnover of 5.8 million lei in Q1 2009, down 53.23% YOY.

In these times, when most companies are drastically cutting back their expenses, healthcare subscriptions remain the most important benefits that Romanian employers offer, Medlife representatives say.

The National Energy Regulatory Authority (ANRE) monitoring report on the gas market in April indicates that natural gas was imported for 34.93 USD/MWh, by nearly 25% less than in the first quarter of the year.

Iasi-based water company ApaVital S.A. has announced a four-year investment plan worth 136 million EUR to be financed by the E.U.

Intesa San Paolo Bank has pre-leased 9,500 square meters in Brasov Business Park, according to an announcement by CB Richard Ellis Eurisko, who brokered the deal.

Following a six month survey of wireless network users, "Computer Troubleshooters" Romania found that, in 90% of these cases there is the need for the intervention of an IT specialist in installing and configuring the network, to prevent...

The National Bank"s optimism about the economy is groundless as far as the near future is concerned, as Romania will incur a plunge in the Gross Domestic Product in Q2 and go into recession, President Traian Basescu told a an emergency...

The National Securities Commission (CNVM) last week endorsed the appointment of Costel Ceocea and Claudiu Doros as President - General Manager and, respectively, Vice President - Deputy General Manager of financial investment firm SIF2 Moldova,...

The domestic branch of Bank Leumi, is another bank that submitted a tender for participating in the "First Home" program, and is now waiting for the authorities" response, said Mr. Laurenţiu Mitrache, executive chairman of Bank Leumi...

At the end of last week, Financial Investments Company SIF Oltenia (SIF5) sold its stake in Bancpost to the bank"s majority shareholder, Greek banking group Eurobank EFG, for EUR 12.15 million.

The designer of the new Justice Palace of Iaşi intends to submit the documentation needed for the Regional Urban Planning stage (PUZ).

Anheuser-Busch InBev, a world leading beer producer, has announced intent to sell operations in Central and Eastern Europe, Romania included, in order to be able to reduce what "The Times" described as a mountain of debt.

Moody"s late last week announced their decision to withdraw the ratings offered to Banca Comerciala Carpatica for business reasons and with the common agreement of the parties, a Moody"s press release indicates.

AAA New Kopel, the pre-owned cars division of Sixt New Kopel, is expanding operations to four Romanian cities - Iasi, Suceava, Bacau and Constanta - in addition to the well established presence in Bucharest.

Hedge funds and other major investors are making significant investments in commodities, and this trend could continue, as optimism that the worst of the global recession is over increases, experts of British bank "Barclays" Plc say.

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

Add Pharmaceuticals, one of the shareholders in Ropharma - Brasov will ask the General Meeting of 24 June to consider transferring the Ropharma stock from RASDAQ to the Bucharest Stock Exchange Tier 2. Ropharma is currently listed on RASDAQ Tier 1.

Raiffeisen Centrobank maintained the "hold" recommendation for Transelectrica stock (BSE:TEL) despite a 7% increase in the target price from 13.7 RON/share to 14.7 RON/share.

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.

It would be best if the National Bank of Romania (BNR) reduced the key rate by another 0.5 percentage points during the Board meeting scheduled for 30 June to help banks to resume lending and the economy to recover, Robert Rekkers, General...

"Capgemini", a provider of consulting, technology and outsourcing services, will open a center in Ia i, in a bid to strengthen its Eastern Europe presence.

In the county of Iaşi, 410,000 sqm of land were removed from agricultural use, in the first five months of 2009.

"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.