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Most of the holiday apartments for sale in the Valea Prahovei region are located in Sinaia.

Only 6% of the 12 million RON overdue debt that residents of Brasov owe to the local heating company CET Brasov has been recovered since hot water supply was terminated.

The fee for licensing silos within the "First Silo" Programme could amount to 100 RON, according to a draft decision published on the website of the Agriculture Ministry.

Parliamentary groups of the PSD+PC and PNL yesterday requested that Permanent Office of the Chamber of Deputies create a parliamentary commission which would investigate the current minister of Tourism, Elena Udrea.

The European Bank for Reconstruction and Development has notified the Ia i Public Transport Company (RATP) Iaşi and the Mayoralty of the City of Ia i that it may unlock the last installment of the loan granted for the modernization of streetcar...

Emil Boc, Prime Minister and President of the Democrat Liberal Party (PD-L), has accused the co-ruling Social Democrat Party (PSD) and their President Mircea Geoana of being less and less committed to the priorities of the Government and the...

Last year, "Termoelectrica" became the Cinderella of Romania"s energy sector, by concluding three partnerships with private investors for the development of new cutting edge plants.

Managers of Romanian companies estimate that raw materials processing, constructions, commerce and services will incur moderate slowdown between July and September and expect the number of employees to decrease in all industries, according to...

The first tranche of 1.5 billion EUR from the 5 billion EUR loan contracted by Romania with the European Commission has been transferred to the Romanian Treasury, according to Gheorghe Gherghina, Secretary of State with the Finance Ministry.

The National Housing Agency (ANL) will organize tenders in August to select contractors to build 552 apartments to be leased to young families.

The works for the construction of six roundabouts are set to begin soon in the city of Braşov, and they will streamline traffic by replacing the current traffic light system.

When no one believed that rating agencies could possibly go even deeper in the uncharted space of financial ridicule and absurdity, Standard & Poor"s proved everyone wrong.

The European Commission has recently adopted a Communication explaining its approach to assessing restructuring aid given by Member States to banks, according to a press release of the institution.

The Bucharest Stock Exchange seems to attract speculators lately, with demand for BSE shares far exceeding the offer, in spite of the rather turbulent times that the domestic capital market is facing lately.

The Finance Ministry earlier this week took a club loan of approximately 1 billion EUR from the top eight commercial banks in Romania after having issued countless Treasury certificates since the beginning of the year to cover the budget deficit.

The price of credit insurance policies gained 20-25% in the first half of the year, amid increasing demand and risk of bankruptcy or insolvency among debtors, according to a representative of insurance brokerage firm Marsh Romania quoted by NewsIn.

"Lucrări Drumuri şi Poduri" (LDP) SA, ("Bridge and Road Works"), a company fully owned by the County Council of Iaşi, won the auction for the rehabilitation of County Road DJ 249A Iaşi - Ungheni, with a bid of 1.26 million lei...

The newly appointed Minister of Youth and Sports, Sorina Plăcintă, digs into her accounts to buy shares in a company it already had a controlling interest in, together with her husband.

Aluminum Corp. of China, the nation"s largest producer of the metal, said a price recovery for the lightweight metal will lag behind other base metals because of high inventories.

The volume of loans taken out by the companies and population shrank for the fourth month in a row, reaching 198.056 billion lei, after dropping 0.5% in June MOM.

The Ministry of Transports announced at the end of last week, that it has drawn up a Draft Bill on granting a loan to the National Highway And Road Company (CNADNR), intended to refinance the loan that the State Treasury granted the CNADNR in 2004.

Five families which submitted loan applications to various banks to buy homes as part of the "First Home" program have already signed preliminary contracts for acquiring new homes in the Pallady Residence complex located in the Titan...

Constantin Nita, Minister of Small- and Medium-Sized Enterprises, Commerce and Business Environment, has signed 14 of the 38 contracts of the small- and medium-sized enterprises selected for financing with European Union funds, having a total...

Head of the Executive Board of Cocor Turism Neptun, Daniel Stoica, said that he wants to drop the lawsuits against SIF Transilvania, as the FIC has now become a shareholder of Cocor Bucureşti.

Most home improvement stores try to boost their sales by offering up to 30% discount, free shipping for orders of more than 500 lei and the option to pay in monthly installments.

Approximately 100,000 companies closed or suspended operations in the first half of the year following the introduction of the minimum profit tax also known as the lump sum tax.

The Government will cancel over 1.1 billion lei of debts oustanding of 35 thermal plants owned by several mayoralties, a process which is expected to tale at most three months to complete.

Provident Financial Romania reported to have over 120,000 customers at the end of June 2009, up by more than 50% from 51,000 customers in June 2008.

Pitesti-based real estate developer Conarg Real Estate yesterday announced significant price reductions for apartments in the newly built development "Rasarit de Soare" (Sunrise) in Bucharest, according to a press release from CB Richard...

Banks which applied for the "First Home" program will sign, at the end of next week, a new convention with the National Guarantee Fund for SMEs, after having cleared all the details on the execution of the guarantee for bad loans in a...

Outraged with the Government"s refusal to declassify the privatization contracts in the steel industry, representatives of the Metarom Federation of the Steel Workers Unions intend to file a criminal complaint with the National Anti-Graft...

Six months through a year of severe crisis for the automotive market, the aggregated results released by the Association of Automotive Manufacturers and Importers (APIA) confirm a bleak outlook for the months to come.

Libra Bank has concluded an agreement with the Guarantee Fund for Rural Loans (FGCR) in order to help Romanian SMEs by allowing them access to funds allocated by the European Union for the development of the farming sector.

The case of the Roman-Catholic Cathedral "Sf. Iosif", a historical monument which is part of the Romanian heritage, next to which a developers is currently raising a 19-floor building, came to the attention of the European Commission...

The introduction of the private pension system in Romania was a difficult, but successful reform process, according to remarks by the World Bank in the Country Partnership Strategy with Romania, which sets the rationale and framework guiding the...

Romania"s Central Bank attracted over 200 million lei from three banks, which were placed in deposits with a 1-week maturity, specifically July 27, for which it will pay an interest rate of 9%, matching the policy rate.

The Board of Directors of ArcelorMittal Tubular Products SA - Iasi (RASDAQ:TPRO) has called an Ordinary General Meeting of Shareholders for 11 August upon the formal request made by financial investment firm SIF Moldova SA.

The execution of Units 3 and 4 of Cernavodă will begin at the end of next year, the management of "Nuclearelectrica" said.

The auction held for the sale of movable assets (including machinery and raw materials) with an estimated starting price of 45,000 lei, owned by the now bankrupt Moldova Tricotaje SA Iaşi, fail to attract any buyers.

Interest rates paid by banks on deposits made by individuals dropped just as fast as they rose, as soon as the Central Bank began cutting the policy rate and issuing warnings for bankers that such passive interests are unsustainable.

Nicolae Iotcu, Chairman of the Arad County Council, has signed the permit for construction site preparation and provisional constructions pending the start of the construction works on the section of the Arad - Timisoara Highway located in Arad...

British pharmaceutical group GlaxoSmithKline has announced that starting in the second semester of 2009, it will begin production of a drug used in curing HIV in Bra ov, which the company will begin exporting in 2011.