The Mayoralty of Arad assigned a 11,000 sqm plot of land over to the Ministry of Communications and Information Society (MCSI), for the building of a software park.

Centre Ville, the leading aparthotel operator in Romania, has finished expansion and renovation works in the proprietary restaurant Le Bistro, following an overall investment of 2 million EUR.

Czech-based energy group CEZ yesterday announced they had signed a 15-year loan agreement for 262,350,000 EUR under a guarantee issued by the German Export Credit Agency Hermes.

One fifth of the apartments of the residential ensemble of "Odyseea Residential" in the Siseşti area have already been sold.

The European Bank for Reconstruction and Development (EBRD) notified the Mayoralty of Iaşi that it accepts to release the final installment of the loan which will be used for the modernization of the tramway lines of Iaşi.

A new auction for the attribution of the rehabilitation and modernization of the infrastructure in the cross-border region Iaşi-Ungheni DJ 249 is scheduled for July 6th.

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.

NBR analysts consider that market risk is the main threat for private pension funds, as an increase in interest rates could cause the market value of fixed interest rate securities to drop.

Two delegations of businesspeople and authorities of the city of Wuhan, China, were in Galaţi yesterday to meet with representatives of the business environment and the local administration in preparation of the Romanian - Chinese Economic Forum.

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 correlation between the Romanian and the other European capital markets was relatively low, except for the international financial turmoil in the September - October 2008 period, when it increased significantly due to a phenomenon of...

Skyscraper madness has reached Braşov. A Canadian company wants to invests EUR 45 million in a residential complex which will feature a 27-floor skyscraper.

Transelectrica yesterday announced they had prepared an action plan to resume executive operations with all the relevant staff as soon as possible, following the fire that damaged a significant part of the office building on Armand Calinescu Street.

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.