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EximBank launched the loan for the payment of tax arrears, which will provide businesses with funding to help them pay their overdue taxes, a press release of the bank says.

The Finance Ministry yesterday issued three-year governmental bonds worth 301.75 million RON with a return rate of 10.24%, linked to the average sale price, according to the National Bank of Romania.

New car sales dropped 52.5% year-on-year to 82,821 units from the 174,414 units reported in the corresponding period of 2008, according to data centralized by the Associated Automotive Manufacturers and Importers in Romania (APIA).

Ioan Neculaie, the businessman controlling Romanian-based tractor maker Roman S.A., said that the factory"s operations would be revitalized, if the Government went through with the promised crisis containment measure to extend the...

Microsoft Romania, the local subsidiary of the world"s largest provider of software, IT services and Internet-based technologies, concluded last year with a turnover of 109,960,120 RON, up by 34.4% from the 81,778,180 RON reported for 2007,...

The controversial world of armament and military technology has reached as far as the doorstep of President Traian Basescu"s family and has the potential to place him in the most serious conflict of interests since he took office in December...

Millennium Building Development, the developer of the Cathedral Plaza project, a 19-storey building under construction near the St. Iosif Cathedral in Bucharest, yesterday announced that the Supreme Court of Romania had denied the motion for a...

The controversial world of armament and military technology has reached as far as the doorstep of President Traian Basescu"s family and has the potential to place him in the most serious conflict of interests since he took office in December...

Tax inspectors in Bra ov have found unpaid taxes of 119,158 million lei (almost 28.5 million Euros), after investigating 1,751 taxpayers. Inspectors found a tax gap of 85.197 million lei, which accrued 33.046 million lei in penalties and interest.

Exports of wine maker "Murfatlar" amounted to 15% of its turnover in 2008, the year when the first signs of the financial crisis appeared

Furniture and home decoration retailer IKEA Romania has invested approximately 1.3 million EUR in the production and distribution of the new product catalogue, valid between September 2009 and August 2010. "We allocated 1.3 million EUR for...

While in Brasov yesterday, Minister of Small- and Medium-Sized Enterprises Constantin Nita said he expected the ongoing economic crisis in Romania to end in the second half of 2010.

Shareholders and managers of "Euro Habitat", the developer of residential complex "Planorama", requested a new credit line from "Piraeus Bank" which would allow them to complete the project.

The Ia i Court of Auditors has finished its investigation of "Nicolina" Iaşi, and has submitted its findings to the Romanian Court of Auditors, Constantin Iaţco, the chairman of the institution said.

The Mayoralty of Bucharest"s first district invested 143,987,000 lei in rehabilitation, consolidation, modernization, and maintenance works for almost 100 school buildings.

In a survey ordered by the "Pro Democraţia" Association (APD), over 60% of the respondents sampled all over Romania by the Social Research and Branding Company (CCSB) said they were worried about ballot fraud in this autumn"s elections.

Israeli-based real estate developer GTC yesterday announced intent to open a new mall in the Galleria chain in Piatra Neamt on 4 September.

A recovery of the retail market is not expected to occur earlier than two years, say the officials of the only retail company listed on the BSE.

Despite adversities on the construction market in the first half of the year, Moldoconstruct SA - Iasi (RASDAQ: MOLE) reported an H1 gross profit of 926,131 RON, up by a whooping 648.53% from the corresponding period of 2008.

Romania"s public debt reached 123.6 billion RON or 23.27% of the Gross Domestic Product at the end of June 2009, according to a report released by the Finance Ministry.

The international financial crisis hit the Romanian real estate market hard as early as October 2008, when the overall transaction volume started to decline abruptly as a direct result of a corresponding plunge in the volume of new mortgage loans.

Over 75% of the voting power of the shareholders in electronics and home appliances retailer Flamingo International (BSE:FLA) was cast for saving the company by capitalizing it through corporate bonds convertible into stock.

Approximately 200 employees of the Energy Production Facility Turceni (CE Turceni) and Energy Production Facility Rovinari (CE Rovinari) will lay off approximately 200 employees by the end of the year, new agency Agerpres announced.

Corus, the second largest steelmaker in Europe, has announced plans to join forces with a Romanian company to build a 12 million EUR factory in Sfantu Gheorghe, Romania.

Analysts of "Raiffeisen Centrobank" have raised their target price for shares of "BRD - Groupe Société Générale" (symbol:BRD) at 11.2 lei, but they changed their initial recommendation from "hold" (ed. note.: keep) to...

Despite the difficult market conditions in the construction sector, Iaşi company "Moldoconstruct" SA (symbol: MOLE, on the Rasdaq tier of the Bucharest Stock Exchange) posted a gross profit of 926,131 lei at the end of June, up...

Turnover of "Construcţii Aeronautice" Ghimbav dropped drastically in the first semester, from 2.706 million lei to 1.659 million lei (more than 40%), as the company"s sales shrank from 2.587 million lei to 1.568 million lei.

Volksbank Romania has joined the clearing - settlement platform RoClear, managed by the Central Depository, thus raising the total number of participants to 18, according to a press release from the Central Depository.

The mayor of Bucharest, Sorin Oprescu, yesterday announced that he would review all the investment projects of the mayoralty and would reassess their priority, given the current economic context.

Romanian citizens with a valid passport will be able to enter the territory of Japan without visas, as long as their stay lasts less than 90 consecutive days, a press release by the Embassy of Japan says.

Eight construction workers have died on construction sites in the last ninety days.

Prime-Minister Emil Boc and the Minister of Transports, Radu Berceanu, arrived on Friday at the site of the Transylvania Highway, which is being built by American company Bechtel, in order to assess the progress of the works.

The Regional Development Agency (ADR) - West has received over 180 projects for non-reimbursable funding via the Regional Operational Programme (ROP) 2007 - 2013.

The management of Hidroelectrica on Friday announced they had not extended any direct energy sale contract with the private suppliers.

The subsidy allocated to the National Administration of Land Improvement (ANIF) will be supplemented by 47.14 million lei this year.

After having reported a 1.5% decline in turnover in the first half of 2009, metallic tile importer Final Distribution hopes to resume growth in the second half of the year, according to a press release.

Casa de Insolventa Transilvania and RVA Insolvency Specialists, the liquidators of the Brasov-based bearing manufacturer Rulmentul, have decided to reduce the sale price of the package of movable assets to 2.5 million EUR.

Family Frost had a turnover of 2 million Euros last year, and it estimates its sales for this year will reach 5 million Euros.

Five projects were submitted in the county of Bra ov in the first stage of the Program for the replacement or the completion of the standard heating systems with alternative heating systems using solar, geothermal and wind energy, as well as any...

Chemical plant "Oltchim" Râmnicu Vâlcea (symbol:OLT) reported losses of 116 million lei, (27 million Euros), in the first semester of 2009, three times higher over the same period of 2008, on the back of a 50% contraction of turnover,...

Dedeman, a wholly-owned Romanian retailer of construction materials, home decoration and do-it-yourself products has opened the second store in Bucharest on Valea Cascadelor Street.

Habitat Proiect - Iasi (RASDAQ:HBTT) has reported a substantial decrease in turnover, from 3,091,018 RON in H1, 2008 to 1,829,112 RON in H1, 2009.

Revenues of construction finishings maker "AdePlast" increased 6% YOY at the end of July 2009.

The Arad Municipal Roads Company (RADM), wholly owned by the Arad City Council, has filed for insolvency as a result of its incapacity to pay substantial overdue debts and the absence of any new contracts.