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Romanians retain the preferences for vacation destinations and transport noted in the past, despite the fact that the country is going through a period of significant changes, according to a recent GfK report.

The Arad County Trade Registry reported that no less than 895 companies filed to suspend their operations in the first six months of the year.

The unemployment rate reached 6.0% in June, up by 0.2% from May and up by 2.3% from June 2008, according to the National Employment Agency (ANOFM).

The state will soon begin investigations in the grain trade sector, in order to fight the rampant underground trade.

A new tender will take place Monday, 6 July, to award the contract for the rehabilitation and modernization of transportation infrastructure in the cross-border area of Iaşi - Ungheni on National Road 249.

The takeover of mobile telephony company Telemobil (Zapp) by Cosmote Romania has sparked prompt reaction on the market as Orange Romania, represented by Marketing Manager Dorin Odiatiu cautioned the Competition Council and the National...

Iberdrola, one of the leading private energy companies in the world and the largest renewable energy company in the world, has concluded leasing arrangements for 350 square metres in an office building in Polona Street in Bucharest with the...

Approximately 2,000 employees of the mining industry and energy companies that have mining divisions (the energy facilities in Oltenia) could be laid off in 2009-2010.

County councilmen of Braşov voted in favor of the proposal made by Aristotel Căncescu, the chairman of the Council, to assign the Council"s stake in the FC Braşov football club.

While attending a seminar organized by the Economic Mission of the French Embassy in Romania yesterday, Radu Berceanu, the Minister of Transports yesterday said that divisions of the Romanian Railways are at risk of being unable to pay their...

Industrial production prices (for the domestic and non-domestic market) rose 0.4% m/m and 1.4% y/y in May 2009, the National Statistics Institute announced in a press release.

Farmers will receive Government guarantees for taking a mortgage loan to buy a home within a programme similar to the recently introduced "First Home."

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.

ING Bank has announced a special offer for small- and medium-sized enterprises and liberal professionals who already have an account with the bank.

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.

Mobile telephony operator "Cosmote Grup" on Tuesday signed the agreement for acquiring "Telemobil SA", the operator of the "Zapp" network in Romania.

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.

Hidromecanica workers returned to work on Wednesday after three months of technical unemployment under Ordinance 28/2009 regulating fiscal incentives for companies that stop operations for up to three months in any given calendar year.

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.

SCOP Computers has recently signed a partnership with ASUS to improve the coverage of the ASUS distribution network in Romania and expand the end-users" accessibility to consumer electronics.

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.