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In April, the number of new orders for the manufacturing industry increased 2.7% over March, thus having Romania take the third spot in the EU chart for manufacturing orders, as shown by a press release of The Statistics Office of the European...

Authorities continue to seek solutions to enable the National Railway Company (CFR) to pay their debts to the electricity companies.

The economic slowdown in the final months of 2008 and the first quarter of 2009 will burden the service of debts to private banks, especially for small- and medium-sized enterprises, who pose the greatest lending risk, according to a report of...

Loan payments overdue by more than 90 days for consumer and corporate loans nearly doubled (+94%) during the first five months of the year, rising to 5.56 billion lei, compared to last year"s 2.86 billion lei, according to data supplied by...

Shareholders in IAR and Constructii Aeronautice (Aeronautical Works) convened for General Meetings yesterday and approved the reorganization plans for the two companies.

A press release from Nicusor Paduraru M.P., Chairman of the Parliament"s Inquiry Committee on Nicolina S.A. - Iasi, announces that the Chamber of Deputies has set the deadline for the Committee"s final report on 27 October.

The State Asset Recovery Authority (AVAS) has agreed with Erste"s proposal to postpone listing Banca Comerciala Romana (BCR) on the Bucharest Stock Exchange (BSE) until 2011, according to AVAS President Mircea Ursache.

Grants worth in excess of EUR 95.56 million have been made available for the rehabilitation of the roads in the Central Region.

The "First Home" program will have an effect first and foremost on the market for old homes, estimates Dorinel Cazacu, consultant for Spanish group "Prasa" for its Romanian projects.

The number of real estate transactions involving both plots of land and buildings in Iaşi increased approximately 20% in May over April, based on data published by the Cadaster and Real Estate Advertising Register (OCPI) Iaşi.

The European Commission (EC) requested that Romania change the legislation concerning the implementation of the car pollution tax, claiming that, in its actual form, it is a protectionist step that infringes on the community legislation.

The shareholders of "Cocor" Bucharest, which owns the namesake store in the center of Bucharest, will decide on the opening date of the retail complex "Cocor Luxury Store" in the Board Meeting scheduled for the beginning of August.

The National Housing Agency (ANL) received 309 apartments delivered in June 2009 within a programme for the construction of social homes to be leased to underprivileged young families in the counties of Valcea, Harghita, Hunedoara, Arad, Braila,...

The Government has announced the adoption of an ordinance regulating measures to stimulate the absorption of the funds allocated for improving the quality of life in rural areas, the diversification of rural economies and the development or rural...

The National Regulatory and Supervisory Authority for Public Procurement (ANRMAP) yesterday issued a press release announcing intent to initiate legal action for the termination of the procurement contracts for special police cars signed by the...

Approximately 2,500 residents of Iasi County have lost their job since the beginning of the year as a result of the ongoing economic slowdown.

Inhabitants of the counties of Arad, Timiş, Cluj, Satu Mare are drawn towards buying properties in Hungary with mortgage loans taken out from Hungarian banks.

Negotiations between the management of CET Braşov and GDF Suez Energy Romania have not yet reached a consensus.

The European Commission has recommended Romania to reduce the budget deficit to less than 3% of the gross domestic product by 2011.

The current account deficit in 2010 could approximately the same as in 2009, according to the National Bank of Romania (BNR) Vice Governor Cristian Popa.

Chemgas Holding Corporation Ltd. has become the new lead creditor of Slobozia-based fertilizer plant Amonil, following the transfer of 54 million RON worth of receivables from Riverside Development Ltd., according to an announcement sent to the...

The mayoralty of Iaşi won EUR 278,526 in funding, following its involvement in the ReTina project-"Revitalization of the former industrial areas", unfolded through the SEE Program (South-Eastern Europe).

The Royal Bank of Scotland (RBS) - Romania earlier this month introduced an electronic trading platform enabling customers to trade on the foreign exchange market and the monetary market in real time.

The land market saw the biggest drops due to the crisis. According to a study made by evaluators of "Darian", compared to last year, prices for plots of land put up for sale in Bucharest experienced drops ranging from 22% to as much as...

Scandia Romana, one of the leading players on the Romanian market for canned meat, has taken a 32.5 million EUR loan to finalize a new factory.

The forecast 4% contraction of the Romanian economy remains feasible, but the GDP could plunge even deeper than that, considering that the figures for the first quarter are below target, according to National Bank of Romania (BNR) Vice Governor...

The business of "Boromir" began with a mill in Rm.Vâlcea, which produced 100 tons of flour in 24 hours.

An interview with Eduard Dimitriev, Managing Partner and CEO, Power Net Consulting

Millennium Bank customers can now pay their Romtelecom bills without any additional cost, using the bank"s Internet Banking service.

The Iasi City Hall has allocated 700,000 RON for the design of the thermal insulation works to be performed on 37 apartment buildings in the city.

"Transelectrica", "Areva Energie" and "Electromontaj" yesterday inaugurated in Suceava the 400 Kv axis, which includes the Gutinaş, Bacău Sud, Roman Nord and Suceava stations.

Regional Development Agency 7 (ADR) Centru of Alba Iulia, which covers the counties of Braşov, Alba, Mureş, Covasna, Harghita and Sibiu, has signed financing agreements with 47 small companies in the region.

In its latest report, the World Bank (BM) warns that the global recession this year will be deeper than the estimates made in March.

A KPMG feasibility study on the future development of Electrica S.A. recommends the Romanian-based electricity company to start producing energy from renewable sources in order to cover their requirements for green certificates.

The management of the five financial investment firms (SIFs) holding stakes in Banca Comerciala Romana (BCR) late last week met with the management of the Austrian-based Erste Group, the majority shareholder in the Romanian bank, to make a...

SIF "Transilvania" (SIF3) and SIF "Banat-Crişana" (SIF1) will each receive EUR 12.75 million from their sales of their respective stakes in "Bancpost", completed at the end of last week.

Cristian Sima, the chairman of brokerage firm "WBS Romania", is looking to sell 10,000 ordinary shares of the Bucharest Stock Exchange for 27 lei/share, according to an announcement posted on Friday on the site of the BSE.

"Air France-KLM", the largest European airline, may need to cut an additional 3,000 jobs through retirement and attrition, according to CEO Pierre-Henri Gourgeon.

A German-based company will start a nursery for plants with a high energy potential in Bata, Arad County.

GDF Suez Energy Romania S.A. yesterday announced intent to terminate natural gas deliveries to eight industrial consumers in Brasov as of 25 June.

The local administration of Bucharest Sector 6 started road rehabilitation works on Leaota Street and Azurului Street in the districts of Drumul Taberei and Militari at the beginning of the month.

According to sources close to this case, the judges of the High Court of Cassation and Justice have decided to change the venue of the insolvency case of case Fortus SA to Târgu Mureş.

Shareholders of IAR Ghimbav will discuss tomorrow the possibility of the company becoming a partner in a new company called Aerodromul "Iosif Şilimon" SRL, together with the Local Council of Bra ov and the Romanian Aeronautical Club.