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"A catastrophic energy crisis" could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, according to Dr. Fatih Birol, Chief Economist of the International Energy Agency...

NETMA (NATO Eurofighter and Tornado Management Agency), Eurofighter GmbH and EUROJET Turbo GmbH on Friday signed a contract worth EUR 9 billion, to manufacture 112 jets, including 241 engines, for the four partner nations involved in the program,...

The Brasov Water Company has decided to increase the unit price of the water distributed to households by 0.17 RON from 2.58 RON / cubic metre to 2.75 RON / cubic metre.

The Authority for State Assets Recovery (AVAS) will elaborate a new strategy for selling "Avioane Craiova", which includes asking for a state aid for the company, subject to the approval of the European Commission, according to a press...

After Enel - Italy postponed by roughly three months the construction of a thermo-power planned in the Galati Free Zone starting in October 2009, a Romanian company has announced plans to invest 2 million EUR in the same perimeter.

As the financial crisis leaves its mark on numerous companies in all the sectors of the economy, KFC Romania expects its turnover to remain constant by the end of 2009, due to the fact that the company continued to open new locations, in spite of...

Although plans were to resume production two weeks ago, the management of Nitroporos - Fagaras, formerly the chemical plant Nitramonia, have learned that they need further permits and agreements to restart the pipeline connecting the Transgaz...

Over 110 residents of Iasi County have filed complaints against banks with the Iasi County Consumer Protection Commissioner"s Office (CJPC) in the last few months, according to Coordinating Director Ioan Tonel Cazacu.

Insurer "Grawe România Asigurare" saw the volume of premiums subscribed in the first six months reach 42.277 million lei, down approximately 1% YOY, according to a press release by the company.

Banca Românească cut annual passive interest rates for standard deposits in lei, euros, dollars, British pounds and Swiss franks, with the new interest rates coming into effect valid starting Tuesday, according to a press release by the bank.

Energy consumption faithfully mirrors the state of an economy.

After having reported losses of some 19 million EUR for the last two years because of exchange rate fluctuations and massive workforce migration, the Damen Shipyard in Galati, Romania, has also reported losses for the first half of 2009.

The Ministry of Agriculture announced on Friday that by July 30, it had received requests for storage authorizations for 2,310,000 tons of grains.

The towns of Victoria and Codlea in Brasov County will take part in the Regional Operational Programme by submitting projects for the rehabilitation and conversion of polluted or unused industrial sites into other types of sites.

Romania will not be able to meet the 2009 targets set as part of the agreement with the IMF for the end of the year, president Traian Băsescu announced.

The budget deficit target of 4.6% of the GDP agreed with the International Monetary Fund (IMF), the European Commission (EC) and the World Bank (WB) months ago will most likely be changed following a decline in Romania"s economic status.

The five-star Vega Hotel in the seaside resort of Mamaia has become the first hotel in Romania to comply with the Eco Hotel Management System and therefore have the status of Eco Hotel, which guarantees that all processes taking place within the...

The National Highway Company (CNADNR) performed works on 1,429.85 kilometres of roads between 2007 and July 2009 as follows: bitumen layer on 797.83 kilometres, very thin road layers on 276.02 kilometres and asphalt layers on 356 kilometres.

The Brasov City Council convened and approved the content of the articles of association of the limited liability company "Aerodromul Iosif Silimon" S.R.L., which will manage the airdrome that the City is planning to build with the...

Shareholders of Concefa Sibiu will discuss on September 7 the takeover of Bravcof SA Braşov.

Zhengzhou Top Rolling Technology Co., registered in China, has signed a 410 million USD contract with Intfor, a steel pipe producer based in Galaţi, Romania, New China Agency reported.

The energy market regulator, ANRE this month issued several licenses for the development of several renewable energy plants.

Automotive parts manufacturer Mefin - Sinaia has decided to extend the period of technical unemployment by an additional month for 89 employees.

In the first half of 2009, the total merchandise traffic which passed through the ports of Constanţa, Mangalia and Midia amounted to 20,344,643 tons, exports increased 8.1%, imports have decreased 44.2%, river traffic passing through the port of...

The current economic crisis has not been too harsh on the private medical service market and even presented some opportunities.

Plots of land make up the bulk of holiday properties on sale in the Valea Prahovei region.

The first artificial canoe circuit will be made near the Nădlac - Arad - Timişoara highway segment, through a partnership between the Mayoralty of Arad and PORR Tehnobau und Umwelt AG Vienna, the developer of the highway, which will create a...

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

The total number of construction permits for residential developments issued in the first six months of the year was 23,864, down by 18.8% from the corresponding period of 2008, according to the National Statistics Institute (INS).

This year, the Făgăraş area will have its first ski slope, which is currently in construction in the "Moţul Drăguşului" area, near Fântâni a.

Raiffeisen Bank Romania concluded the first six months of the year with a net profit of 52.6 million EUR, despite adversities on the lending market.

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.

Six months through the year, medical service company Medlife reported a turnover of approximately 53 million lei, up by 50% year-on-year, and an operating profit of 11 million lei.

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.