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Despite general economic adversities, home appliances manufacturer Tehnoton - Iasi (RASDAQ:THNI), concluded the first half of the year with notable growth in turnover, overall revenues and profit.

Accessing a loan guaranteed by the state under the "First Home" program is a lengthy process.

The National Rural Development Programme (PNDR) has received 15,010 compliant projects with a public value in excess of 9 billion EUR.

Over 100 machines are working on the construction of the Arad - Timişoara highway section, with the main site located in Cruceni, county of Arad.

Organized cyber crime networks based in Eastern Europe have started attacking small- and medium-sized enterprises in the United States in a crime wave that has caused damages of millions of dollars, causing substantial concern among the major...

Investment funds helped real estate developers when they bought their apartments in bulk, during the first stages of construction.

Currently, most of the stores owned by Plafar - a traditional brand with high customer awareness - are located in large retail areas, such as malls.

The State Assets Recovery Authority (AVAS) directed over 40% of their revenues to the victims of the National Investment Fund (FNI), according to data released by AVAS representatives.

Mircea Basescu oversaw the unloading in Constanta Harbour of five ships carrying munitions and explosives from Thailand under a contract with Romarm S.A.

Aerospace technology maker Aeroteh Bucureşti (AER) saw its net profit grow ten times Y/Y in H1 2009 to 1.27 million lei (300,300 Euros), according to a report by the company.

According to data provided by the management of the company, "Electrica" had a turnover of 2.431 billion lei, and a gross profit of 36 million lei.

"Terraform", the flooring division of "Pazo" Group, signed an agreement worth more than 440,000 Euros for supplying sandstone and tiles for "Cocor Luxury Store" of Bucharest.

Frigocarne Iaşi (symbol:FRGC, on the Rasdaq tier of the Bucharest Stock Exchange) posted a gross profit of 54,044 lei, compared to the loss of 56,230 lei at the end of H1 2008.

The National Arbitration Council rejected claims of several companies which participated in the call for tenders for the modernization of County Road DJ 208, and awarded the contract to "PA&CO International", owned by Bacău...

Sometchim SA Iaşi (symbol: SOME, on the Rasdaq tier of the Bucharest Stock Exchange) reported turnover worth 207,212 lei, coming exclusively from the rental of its properties.

IBM Romania, the local subsidiary of the leading global provider of IT services, has reported a Y2008 turnover in the amount of 187,734,509 RON, up by 23.2% from the 152,354,277 RON reported for 2007, according to company information published on...

Aurel Cazacu, former director of the Defense Industry Department in the Ministry of the Economy, resigned Saturday due to the scandal which arose due to his association with Mircea Băsescu, the brother of the current head of state, Traian...

President Traian Basescu thanked the mass media that had disclosed his brother"s involvement in a military-oriented company.

Residents of Brasov and tourists can now enjoy a free wireless Internet connection in the city"s central square - Piata Sfatului.

Distributors of Cotnari SA who achieved the targets stipulated the contracts for last year have been awarded a three-week trip to Las Vegas and Hawaii.

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.

Millennium Building Development", the developer of "Cathedral Plaza", the 19-floor building erected near the St. Joseph Cathedral in Bucharest, yesterday announced that the High Court of Cassation and Justice rejected the request of...

Fitch Ratings has affirmed ratings of Banca Românească S.A. at Long-term Issuer Default (IDR) "BBB" with Negative Outlook, Short-term IDR "F3", Individual "D" and Support "2".

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...

GarantiBank has introduced a special mortgage loan for those interested in buying a condominium in the Cosmopolis Residences. The loan is available without any disbursement commission and comes with a two-month grace period without any payment of...

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.