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40% of the employees of CFR Marfă, have become structurally unemployed, due to financial difficulties of the company.

Philip Morris Romania and the National Customs Authority (ANV) are extending the duration of the Cooperation Agreement on joint efforts against cigarette smuggling and counterfeiting.

Raiffeisen Capital & Investment was the most active brokerage firm trading on the Bucharest Stock Exchange (BSE) in June, according to a ranking by the overall value of brokered transactions based on BSE data.

AMO Press Grup announced the creation of a new division in order to pursue the expansion of the group into the fashion retail business: AMO Retail.

Demand for commercial space has been dropping on most markets as consumers are cutting costs and the unemployment rate is rising.

Romanian cosmetics producer Farmec - Cluj Napoca concluded the first four months of the year as market leader for facial cosmetics with a market share of 30.93% in terms of volume and 18.27% in terms of value.

The Chairman of the Bucharest Chamber of Commerce and Industry (CCIB), Mr. Sorin Dimitriu, emphasized during the recent General Meeting of Representatives of the sections of the CCIB, the serious involvement of the Chamber in the issues caused by...

Lafarge Ciment - Romania, a producer of building materials, has renewed their offer to buy up to 200,000 own shares.

Only 3.26% of the Romanians have the required income to take a mortgage loan under the State-driven "First Home" programme, according to a poll made by the online recruitment website MyJob.ro.

Provisions made by commercial banks operating in Romania gained 40.5% in the first four months of the year to 10.63 billion RON, of which 8.66 billion RON for loans that had already been booked to the "Loss" account, according to...

Romanian-based investors are increasingly interested in speculating on the Russian rouble (RUB), the Turkish lira (TRY) and the National Stock Exchange of India, according to a press release from X-Trade Brokers (XTB), who have starting offering...

The Ploieşti Court of Appeal last week-end ruled that the building permit for the 19-storey building near the St. Joseph Cathedral in Bucharest is valid.

The European Council last weekend adopted at the end of last week, new regulations concerning the domestic energy market, which will lead to its consolidation and will provide companies with equal opportunities to compete on the territory of Europe.

The Thermo-Electric Power Plant (CET) Iaşi has signed the contracts with the suppliers that won the tender for procuring the coal required for the 2009 - 2010 cold season.

Velux Romania, a manufacturer of overhead windows, has entered the e-commerce market with an online store carrying window blinds and shades.

The National Land Development Company (Societatea Nationala de Imbunatatiri Funciare - SNIF), the only State-controlled company specialized in maintaining and repairing irrigation systems, is scheduled for privatization in the next two months and...

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...

A study by experts of the Organization For Economic Co-Operation And Development (OECD) shows that, over a 45-year period, bonds yielded on average 5.5% annually, whereas shares returned on average 9%.

Libra Bank has increased capital by 17,654,704.4 RON from 136,345,295.6 RON to 154 million RON by issuing 176,547,044 new shares with a face value of 0.1 RON.

Insurer "Uniqa" created "The Damages Center", a new structure intended to streamline the entire system for solving insurance claims, according to a press release by the company.

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...

Prime Minister Emil Boc announced on Friday, that the Government will implement the "Robin Hood" tax, if banks do not lower interest rates, in order to join the efforts of the Government and of the population, in this time of crisis.

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.