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CEZ, the Czech-based energy group planning to become one of the leading energy producers in Romania, is interested in investing in the antiquated plants producing electricity and heating for the major cities in the country.

Prime Minister Emil Boc announced yesterday on the public radio station that he signed the letter by which the Government takes full responsibility for the three draft bills (ed. note: The Draft for the Law of National Education, The Draft for...

The company Aeroportul Internaţional Bucureşti-Băneasa - Aurel Vlaicu SA had a profit of 22,134,925 lei at the end of the first semester, as the total number of passengers that went through the Aurel Vlaicu International Airport increased by...

Social Democrat Party (PSD) President Mircea Geoana yesterday accused President Traian Basescu of planning to take control over the Ministry of Administration and Interior (MAI) in order to influence the results of the forthcoming presidential...

The Romanian seaside has attracted roughly as many tourists this year as last year, according to Traian Badulescu, Spokesman for the National Association of Travel Agencies (ANAT).

Traian Basescu had better provide the explanations that he promised to us all in the press release issued eleven days ago: "The President of Romania will explain, at the right time, what is behind the political and media manipulation aimed at...

CATALYST, the first organized market in debt securities in Poland and a unique such market in Central and Eastern Europe will be launched by the Warsaw Stock Exchange on 30 September, according to a WSE press release.

Romanian-based commercial bank BancPost has signed an 80 million EUR financing agreement with the European Investment Bank (BEI) for financing small- and medium-sized enterprises and is having preliminary negotiations with the European Bank for...

HCR Sfântu Gheorghe will invest 5 million Euros in Râşnov (county of Braşov) for the creation of a theme park centered around dinosaurs.

Investments in Romania decreased 29% y/y, according to a report by the National Statistics Institute.

Stocks listed on the Bucharest Stock Exchange (BSE) lost 3% yesterday, while the national currently depreciated to 4.2372 RON/EUR, amid influences from international markets.

SIF Moldova, a minority shareholder in Banca Comerciala Romana (BCR) on 1 September signed an agreement to postpone the listing of the bank on the Bucharest Stock Exchange (BSE) after having finalized negotiations regarding the postponement of...

On September 1st, 2009, TAROM began the implementation of the Winglet system on all its four Boeing 737-700 airships which are part of the company"s fleet.

The General Assembly of Shareholders of CET Braşov SA recently met in order to approve the transfer of the pumping station Timiş Triaj 6, as payment of the debts that the company has accrued towards the Tax Office of the city of Braşov and to the...

The first building in the Ploiesti West Park, the largest industrial park in Eastern Europe, will be ready at the beginning of October, according to Petrica Usurelu, the founder of Piritex Group, which holds 20% in the project.

Turnover of "Heineken" România increased 12% y/y in the first semester of 2009, to 509 million lei (gross), or 436 million lei (net).

The Government has decided to empower the Ministry of Public Finance to support the conclusion of the Agreement with Franklin Templeton Investment Management, Government spokesperson Ioana Muntean yesterday announced, as quoted by Agerpres.

Baxi Romania, the local subsidiary of Baxi Group, a leading European manufacturer and distributor of domestic and commercial water and space heating systems, as well as a pioneer in technologies powered by renewable energy, has initiated a...

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.

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.

The Government has approved the 200 million lei loan that the Romanian National Highway and Road Company (CNADNR) will take out from the Treasury in order to refinance a loan previously taken out in 2004, according to a bill approved by the...

Ozone Laboratories, a subsidiary of LaborMed Group, one of the major producers of generic pharmaceuticals in Romania, has signed a contract for the purchase of 12 brands produced by Cluj based company PlantExtrakt.

PepsiAmericas, the world"s second largest bottler of Pepsi drinks, yesterday inaugurated the factory in Dragomireşti Vale, county of Ilfov, after the completion of the first stage of the project, which included the construction of...

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.