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National Liberal Party leader Crin Antonescu yesterday said that there are signs that the head of state, Traian Băsescu, PD-L or PSD want a rearrangement of the political scene before the presidential elections.

Starting yesterday morning, the Thermal Electrical Plant of Iaşi (CET) SA saw its supply of natural gas cut by Romgaz, due to an unpaid debt of 30 million lei towards the latter.

Agricover Group, a Romanian-based provider of complete solution for agriculture, and Danish Agricultural Advisory Service (DAAS), a leading European agricultural consultant, have formed the Romanian - Danish joint venture AgroAdvice to assist...

Asian markets incurred significant decline yesterday, the shockwave reaching as far as Bucharest and pushing all the indices of the Romanian capital market into the red at the end of the week.

Shareholders of Cometex SA Suceava (symbol: COXE, on the Rasdaq tier of the Bucharest Stock Exchange) may vote in favor of abrogating the merger with Altex România SRL during the General Extraordinary Shareholder Meeting scheduled for September...

Deputy Prime Minister Dan Nica yesterday announced that Romania"s current option for the European Commission is the portfolio of Agriculture.

The European Commission in June initiated an infringement procedure against Romania in several cases concerning the domestic market for gas and electricity.

The famed Orient Express long-distance train connecting Paris to Istanbul does not seem affected by the ongoing economic crisis, as customers often need to sign up on a waiting list for the journey.

Chairman of the Investigation Commission concerning the irrigation system, Democrat-Liberal Valeriu Tabără yesterday announced that deputies in the commission intend to summon Mircea Geoană, the leader of the Social Democrat Party (PSD) , before...

The Municipality of Galati met with representatives of Czech-based energy company CEZ early this week to define the last details of the planned takeover of the Galati-based power company Electrocentrale by the Czech counterpart.

LaborMed Group, one of the leading producers of generic drugs in Romania, represented by its subsidiary, Ozone Laboratories, has bought 12 brands of phytotherapeutic products from the Cluj-based pharmaceutical company PlantExtrakt: Imunogrip,...

• Baxi Romania is planning to replace over 7,000 boilers and forecasts sales of some 4 million EUR from this project 

Asian markets incurred significant decline yesterday, the shockwave reaching as far as Bucharest and pushing all the indices of the Romanian capital market into the red at the end of the week.

The European Commission in June initiated an infringement procedure against Romania in several cases concerning the domestic market for gas and electricity. The Commission objects to the fact that Romania"s National Energy Regulatory...

The famed Orient Express long-distance train connecting Paris to Istanbul does not seem affected by the ongoing economic crisis, as customers often need to sign up on a waiting list for the journey. The train entered Romania on Sunday night...

Intesa Sanpaolo Bank has announced a 31% year-on-year decline in the net operating profit made in the first half of the year to 16 million RON, according to a press release to BURSA.

Skin, the importer and distributor of Nikon cameras to Romania, expects a roughly 15% turnover decline this year to approximately 120 million RON, Manager Camil Perian told BURSA upon inaugurating the first Nikon mono-brand store in Romania.

United Romanian Breweries Bereprod (URBB) has allocated a budget of 700,000 EUR for the Tuborg Parties in 2009, according to URBB officials attending the launching of the Tuborg Green Fest, scheduled to take place in Izvor Park, Bucharest, on 4-6...

The Orient Express luxury train that travels the Paris-Istanbul route doesn"t seem to pay any mind to the economic crisis, as those who want to travel on it are put on a waiting list.

Watermelon growers in the towns of Felnac, Pecica, Macea and Curtici of the county of Arad, are complaining that several retailers brought in red watermelons from Hungary, which they later sold at dumping prices. Hypermarket prices are also hard...

Transactions by individual Polish investors accounted for 28% of the shares traded on the Warsaw Stock Exchange in the first half of the year, according to a press release by the WSE. The percentage of transactions by Polish investors rose 11%...

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 National Public Procurement Regulatory & Supervisory Authority (ANRMAP) early this year started auditing all the public sanitation contracts signed by the local administrations of the six districts of Bucharest.

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...

Turnover of Roclip Făgăraş dropped in the first semester from 3.321 million lei to 2.974 million lei, whereas the company"s losses decreased by almost 15%, from 654,067 lei to 546,228 lei.

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.

The central bank yesterday injected 8.4 billion lei (1.99 billion Euros) in the interbank market, through a repo operation with a September 3rd maturity, at an interest rate equal to the NBR"s policy rate (8.5% a year), in an operation which...

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.