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Petru Prunea, the former Chairman of the Board and General Manager of SSIF Broker - Cluj Napoca (BSE:BRK) has denied the information released by the management of the brokerage firm on Tuesday indicating that SSIF Broker had decided to give up a...

Twelve student dormitories in the Tudor Vladimirescu Campus in Iasi will be completely renovated within a 15.8 million EUR project (VAT included) co-financed by the EU, the Ministry of Development and the Gh. Asachi Technical University in Iasi.

The number of structures answering to Prime Minister Emil Boc will be cut from 21 to 16.

Flamingo International, one of the leading electronics, home appliances and IT&C retailers on the Romanian market reported a group-wide sales surge of more than 30% in July compared to the month before, a press release indicates.

Trefo - Galati has announced plans to invest 100,000 EUR in industrial machinery to be able to manufacture new metallurgical products demanded especially by construction companies.

Most business leaders anticipate significant changes about the workplace of the future, according to a report made by JBA and commissioned by workspace solutions provider Regus.

The rental market in Bucharest stagnated in July, especially in terms of rents landlords are asking for.

"ArcelorMittal Tubular Products" Roman SA (symbol:PTRO, on the Rasdaq tier of the BSE) posted a significant drop in turnover, from 426,346,998 lei in H1 2008, to 219,268,184 lei at the end of June 2009, according to the semi-annual report...

The Chairman of the County Council of Arad, Nicolae Ioţcu, has visited the site where pipes used for the Arad - Szeged pipeline are being assembled.

Small- and medium-sized companies (having an annual turnover of up to 50 million EUR) will be able to borrow from GarantiBank up to 90% of the value of the VAT returns they are to receive from the State, as documented in the relevant audit...

Still no end to the woes of those who bought homes in the "Planorama" residential project.

IT outsourcing company "Capgemini Services" could begin operations in Iaşi in autumn this year, and could create at least 250 new jobs at first, according to discussions between the mayor of the city of Iaşi, Gheorghe Nichita, and the...

An issue that the intended beneficiaries of the "First Home" program will most likely face is the undervaluation of properties by the banks.

Turism Felix, a hotel company listed on RASDAQ as TUFE, concluded the first half of the year with losses of 1.26 million RON, compared to earnings of 230,000 RON in the first half of 2008.

Six months through the year, Banca Comerciala Carpatica (the Carpatica Commercial Bank) has reported a 145.2% year-on-year profit surge to 8.3 million RON amid a 44% increase in asset value to 3.29 billion RON, a press release indicates.

Fast-food chain McDonald"s Corp. said global sales gained 4.3 percent in July, beating analyst estimates, on demand for McCafe coffees and hamburgers, according to Bloomberg.

More than 2,700 companies in Galaţi ceased their operation in the first semester of 2009, Marian Filimon, head of the Professional Association of Small and Medium Enterprises in Galaţi said on Monday, for Agerpres.

Romanian-based software security solutions developer BitDefender has released an analysis of the phishing attacks conducted in Romania in the first half of the year.

The Bucharest rental market stagnated in July, especially as far as the owners" expectations are concerned.

Constantin Roibu, the General Manager of Oltchim - Ramnicu Valcea (BSE:OLT) believes that the PVC manufacturer will start making a profit in the second half of October, immediately after the acquisition of the petrochemical division of Arpechim.

While Romania seems to have fallen out of favor with OMV, or at least with its CEO, Wolfgang Ruttenstorfer, the Vienna Stock Exchange has just increased its share capital with the aim to acquire stakes in Eastern European Stock Exchanges,...

Gral Medical has reported 21.5 million RON in turnover at the end of H1, up by nearly 42% from the corresponding period of 2008.

an interview with Damjan Mencej, President of the private pension fund management firm Prima Pensie

The Ministry of Agriculture will continue to provide financial aid to farmers this year for the autumn harvest, in spite of the troubles of the budget.

The auction for the designing of the first four blocks of flats scheduled to be built as part of the "Municipal program for helping youth own a home", as initiated by the Mayoralty of Iaşi, was blocked following a challenge of the call...

"Petrom", the operator of the Neptun block in the Black Sea, yesterday announced the beginning of preliminary seismic studies. These works will include running a 3D seismic acquisition program on an area of approximately 3,000 km (the...

OMV CEO Wolfgang Ruttenstorfer is reconsidering the investment commitments made by Petrom, the group"s subsidiary in Romania, and will decide by the end of the year whether to authorize a planned 1.5 billion EUR investment in modernizing two...

PD-L deputy Nicuşor Păduraru, chairman of the Parliamentary Commission that investigates the situation of Nicolina SA Iaşi, has announced that the report that the commission has been working on is nearing completion.

The European Central Bank (ECB) yesterday decided to maintain the key rate at the record-low 1%, in line with the analysts" predictions.

The conclusion of yesterday"s meeting between the officials of the IMF and the Minister of Transports, Radu Berceanu, was that the Ministry needs to trim the expenses of companies it runs.

BCR Banca pentru Locuinte (BCR BpL), the housing loan unit of Banca Comerciala Romana (BCR), concluded the first year in business (July 2008 - July 2009) with over 91,000 saving-borrowing contracts for home acquisition worth nearly 2 billion RON...

Landline telephony operator "Romtelecom" posted revenues of 408.7 million Euros in H1 2009, down 7.6% over H1 2008 revenues, which stood at 442.4 million Euros, according to a report by Greek group OTE, the majority shareholder in the...

Assets of Romanian banks were valued at 328.89 billion lei, at the end of June, a 17.53% increase YOY and a 1% decrease compared to the end of March, according to data by the NBR.

The Nabucco project could put Romania on the map of the 21st century, and it is the most important domestic and foreign policy of our country, Mircea Geoană (chairman of the Senate and of the Social Democrat Party) said yesterday, during his...

Data published by the Ministry of Finance, concerning the budget execution for the first semester, prove that the approach of the government in tackling the economic issues was completely wrong, Dan Voiculescu, the president and founder of the...

Prime Minister Emil Boc announced yesterday that he has no intention of running for president and that his party did not take into consideration replacing Traian Băsescu as a candidate in the presidential race.

The president of the Senate, the leader of the Social Democrat Party (PSD), Mircea Geoană, claims that the fate of Romania"s economic recovery hangs in the balance these days, and he said that the worsening of the Romania"s economic...

Six months through the year, CEC Bank reported a 40.62% year-on-year decrease in gross profit to 19 million RON.

Petrom (BSE:SNP), the largest company in Romania, concluded the first half of the year with a net profit of 923 million RON, down by 45% from the corresponding period of 2008, but well above the analysts" estimates, as the price of oil has...

The Chairman of the Iaşi County Council, Constantin Simirad, met with officials of construction contractors which won the auctions for the repair of some of the roads of the county of Iaşi.

The U.S. economy, the origin of the current financial crisis, is showing the first signs of recovery, according to a report released by the International Monetary Funds a few days ago.

The value of net assets for mandatory private pension funds (Second Pillar) has reached 1.7 billion lei (404.8 million Euros) at the end of July, up 8.2% over the beginning of the first semester, according to a press release by the Romanian...

Less than two months after the program was launched, Banca Transilvania has already given out more than 1,000 Preguaranteed Loans to SMEs, in partnership with the National Credit Guarantee Fund for SMEs (FNGCIMM), according to a press release.

Romania"s wheat crop could plunge 40-45% this year, according to worrying forecasts made by farmers, who have already threatened to stage further protests starting in September.

Romania will experience a difficult financial and economic moment in autumn, in the months of September-October, but there are positive signs that the economy will begin to recover starting next year, the chairman of the Social Democrat Party...