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After reporting major profits these past few years, Iaşitex SA (symbol: IASX, on the Rasdaq tier of the Bucharest Stock Exchange) posted a loss of 66,602 lei, compared to last year"s profit of 22,088,536 lei.

The vacation budgets of more than half of the Romanians have been affected by the ongoing financial crisis, according to an online poll made by TravelBiz in mid-August 2009.

Romanians spend an average of 70-80 RON per month for telephony, Internet and television services, according to a survey made by Digital Cable Systems (DCS).

The Obama Administration seems to have given up on the plan to house components of the ballistic missile shield in Poland and the Czech Republic and is currently considering alternatives, including Israel and Turkey, according to the Polish...

Two months after CET Brasov, the centralized heating company of the City of Brasov, decided to suspend the hot water supply to individual consumers, the residents of Brasov barely paid 10% of the largely overdue debt that eventually caused them...

Melrose Resources is still interested in taking over the controversial Sterling concession for the exploration and exploitation of oil and natural gas resources in the Black Sea.

Bucharest Mayor Sorin Oprescu visited Burghele Hospital on Friday to inspect the progress of the renovation works financed by the City and performed in several hospitals this year.

Over 2% of "Banca Transilvania" Cluj Napoca (symbol TLV) was traded yesterday on the BSE, as part of five special transactions concluded on the "deal" market, in exchange for 39.36 million lei.

Pharma distributor Ropharma Braşov (IAFR) increased its net profit almost five times in H1 2009, to 1.07 million lei, whereas turnover increased almost three times y/y, after its merger with three other companies.

miniMax Discount has opened a new store, located in Vulcan, Brasov County.

Eleven companies have bought the tender book in view of participating in the tender for the project titled "The Rehabilitation of The Old Historical Centre of The Municipality of Arad."

Gealan Romania has announced a significant increase in sales of colour PVC window frames, specifically wood frames and acryl-coloured frames, compared to last year, when such sales only accounted for 30% of the company"s turnover.

Overnight Lombard loans taken by banks from the NBR amounted to 1.3 billion lei, the largest number in the last four months, up 3.7 times over June, NBR data says.

RATB, the public transportation company which operates the tramway, trolleybus and bus networks in the city of Bucharest, has bought 28,700 MWh of electric energy through the Romanian Commodities Exchange (BRM) for a total of 7,307,020 RON.

The Ministry of Environment has announced in a press release that the remarks made by former Environment Minister Sulfina Barbu regarding the failure of the Casa Verde (Green House) Programme are entirely groundless as 151 projects have already...

Developer Adama and German discount retailer Plus signed a collaboration agreement for the construction of a second supermarket in Cluj.

American company Bechtel, which is building the Transilvania Highway, will provide an answer in relation to the announcement made by the Romanian authorities that they lack the funding needed for the Târgu Mureş - Braşov section of the highway.

After completing a 2 million EUR investment in retooling the production facility in Gherla, Baumix became one of the few players on the building materials market in Romania that achieved growth in the first half of the year, based on the...

Tourism-oriented companies registered in Brasov County reported an aggregate turnover of 564.21 million RON in 2008, up by 15% from 2007.

The Mayoralty of Galaţi will submit four projects included in the Integrated Urban Development Plan for approval by the Regional Development Agency (ADR) South East.

4,518 construction permits for residential buildings were issued in July 2009, of which 64% in the rural areas.

The Minister for European Affairs, Vasile Puşcaş, yesterday announced the coming into effect of the new 2009/81/EC Directive concerning defense and security procurement.

Even though stock or forex derivatives are extremely popular on the foreign markets, their turnover on the Bucharest Stock Exchange remains extremely low.

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.

Members of the PROBCA association, which brings together the main ACC makers in Romania, are extremely unhappy with the total lack of interest displayed by Romanian authorities when it comes to the import of masonry materials from Serbia,...

The Ministry of Finance has prepared a draft Government Decision regarding the approval of an amendment to the Loan Agreement between Romania and the International Bank for Reconstruction and Development (IBRD) for financing a sectoral project...

Savings of Romanian individuals and companies reached 158.63 billion RON at the end of July, up by 0.4% from the previous month, according to information released by the National Bank of Romania (BNR).

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.