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In order to help its customers that are facing financial difficulties, Carrefour România launched the Private label product range, and expects it to account for 10% of its total sales in 2010.

The 16 Members of the Euro Zone achieved a trade surplus well above expectations in July, as exports decrease less than imports, according to the information released by the Eurostat yesterday.

The National Highway and Road Company (CNADNR) relaunched the call for tenders for the "Construction of the Deva - Orăştie beltway at freeway standards".

European Parliament Sabin Cutaş said that there is a need for additional aid from the European Commission in order to reinvigorate lending in the new European member states.

The Stock Exchanges in Vienna, Budapest, Ljubljana and Prague have been integrated into the Central and Eastern Europe (CEE) Stock Exchange Group in a bid to implement coordinated marketing and information dissemination.

Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2010 Q1 GAAP earnings per share were $0.22 up 8% compared to last year.

The financial crisis is far from over, while the economic crisis has just begun, according to Misu Negritoiu, CEO of ING Bank - Romania.

Cigarettes confiscated by Romanian Customs account for only two percent of the overall volume of tobacco contraband entering the country, which means that the risk exists to see contraband become "institutionalized," according to Philip...

Former Youth and Sports Minister Monica Iacob Ridzi has asked the Legal Committee of the Chamber of Deputies to deny the request for permission to initiate criminal pursuit in her case.

The restructuring of the energy production under the banner of two major companies will void the direct contracts concluded between Hidroelectrica SA and certain private energy suppliers, the so called "clever boys".

ING Bank will not challenge the warning received from the NBR for its failure to participate in the public subscription in Euro-denominated government bonds, held on August 14th, 2009, Mişu Negriţoiu, general manager of the bank said yesterday.

Electrocentrale (ELCEN) - Bucharest has signed a memorandum of understanding for the construction of two new generators within the electro-thermal plants CET Progresu - Bucharest and CET Fantanele - Mures.

The Romanian State, represented by Nuclearelectrica, holds 51% in EnergoNuclear, the project company that will build Reactor 3 and Reactor 4 of the Cernavoda Nuclear Plant.

Romanian-based thermal and electric energy producer Termoelectrica has resumed negotiations with Mechel for the modernization of CET Doicesti (Electro-Thermal Plant Doicesti), although not for building a new generator, but for overhauling the...

"NEC Electronics" Corp. and "Renesas Technology" Corp. will merge by April 2010, after their parent companies decided to inject 200 billion yen (USD 2.2 billion) into the new entity set to become the world"s third largest...

The economic crisis has caused the number of unemployed persons in developed countries to rise by 15 million these past 20 months, and it will continue to grow in 2010, the Organization for Economic Co-operation and Development (OECD) warned.

Businessman Gigi Becali, owner of football club Steaua Bucureşti, lent an additional four million Euros to Dumitru Bucşaru, owner of football team Unirea Urziceni, which was expected to debut yesterday in Champions League, in Sevilla, the same...

Trade unions in the energy sector will continue to picket the Ministry of Economy in the following days to express their grievance with the authorities" reaction to the reorganization of the energy production system.

Even though it"s almost complete, the draft for the law of tourism will have to wait until for the vote of the Parliament, because until the presidential elections are over, all the members of the parliament are doing is fighting political...

"WBS România", brokerage firm controlled by Cristian Sima, which holds 11.57% of enameled cookware "Ves" Sighişoara (symbol:VESY) has requested the replacement of a new Board of Administration by cumulating votes.

James McDonald, Chief Executive Officer of the New York asset management firm "Rockefeller & Co.", who also served as a member of the board of stock exchange operator NYSE Euronext, was found dead on Sunday, with circumstances of his...

European Commission anti-trust regulators have decided to extend an on-going investigation concerning the illiquid asset back-up facility provided by the Dutch State to ING Groep NV.

Marius and Emil Cristescu, two of the richest businessmen in Romania, are preparing for new acquisitions on the domestic capital market though the companies they already control.

The Council of Competition has automatically begun an investigation on a possible breach of domestic and European rules by the Romanian Post Office (CNPR), following the decision of the latter to cut fees for standard postal services.

Intesa Sanpaolo Bank yesterday announced it is launching a new variable interest rate savings product for retail customers, available both in lei - with an interest rate of 13% - and in Euros with the interest rate set at 5%.

OTP Consulting România S.R.L., a consultancy company part of OTP Group, has achieved a market share of a around 3% for urban development projects and 0.8% for rural development projects, a press release of OTP Bank states.

Turnover of Braşov company "Roman" dropped 80.6% y/y compared to H1 2098, from 93.52 million lei to 18.11 million lei.

The aggregated net assets of the 12 privately managed mandatory pension funds (Pillar II) operating in Romania amounted to 1,850,510,534 RON (438 million EUR) at the end of August, up by 8.5 percent from July and up five times from August 2008,...

The chairman and founder of the Conservative party, vicepresident of the Senate, Dan Voiculescu, yesterday said, during a meeting with the members of the Bucharest section of the party that the major institutions of the Government, the General...

The domestic drug market dropped 8.8% in the April-June 2009 period, to 449.9 million Euros.

The National Confederation of Romanian Professional Associations (CNPR) yesterday announced, in a press release, that it supports the creation of a National Pact intended to generate new jobs in Romania.

17 union federations affiliated to CNS Cartel ALFA bringing together workers from all areas of the public sector, will picket today, starting at 14.30, the building of the Parliament, to protest the law of unified wages in the public sector.

After having requested the voluntary dissolution of Flamingo International (BSE:FLA), the investment fund QVT yesterday sold their 22 per cent in the electronics and home appliances retailer to local businessman Dan Adamescu, market sources...

A precarious economy, political uncertainties and a high budget deficit are weakening the investors" perception of Romania and indirectly contribute to the depreciation of the national currency.

IT&C retail chain Altex Romania will no longer merge with proprietary real estate company Cometex - Suceava (RASDAQ:COXE) following a decision of the shareholders, who convened for a General Meeting on 10 September, Cometex announced yesterday.

The over-the-counter trading mechanism developed by the Brokers" Association will run on a section of the ARENA Trading Platform of the Bucharest Stock Exchange (BSE), in exchange for a fee, market sources indicated.

Omniasig reported 595.95 million RON in subscribed gross premiums for the first six months of the year, down by 3% from the corresponding period of 2008, according to a press release to BURSA.

Petrom has announced its first oil production from the recently drilled offshore wells Delta 6 and Lebada Vest 04.

Officials of "Baumix" feel that the mortar market, which has been affected by a 30% drop in sales, will only recover in about a year and a half.

Customers of Romanian Commercial Bank (BCR) that take out a personal consumption loan now have the option to protect their earnings by acquiring a complex insurance policy, according to a press release of the bank.

Three months after the launch of the First Home program, it is safe to say that most of the contracts signed involved old apartments, the price of which revolves around the maximum amount covered by the guarantee offered by the state.

IT&C retail chain Altex Romania will no longer merge with proprietary real estate company Cometex - Suceava (RASDAQ:COXE) following a decision of the shareholders, who convened for a General Meeting on 10 September, Cometex announced yesterday.

The over-the-counter trading mechanism developed by the Brokers" Association will run on a section of the ARENA Trading Platform of the Bucharest Stock Exchange (BSE), in exchange for a fee, market sources indicated.

Omniasig reported 595.95 million RON in subscribed gross premiums for the first six months of the year, down by 3% from the corresponding period of 2008, according to a press release to BURSA. The value of paid claims amounted to 446.72 million...

Petrom has announced its first oil production from the recently drilled offshore wells Delta 6 and Lebada Vest 04. Both fields, Delta and Lebada Vest, are located in the offshore block Histria XVIII in the Black Sea, according to a press release...

After having requested the voluntary dissolution of Flamingo International (BSE:FLA), the investment fund QVT yesterday sold their 22 per cent in the electronics and home appliances retailer to local businessman Dan Adamescu, market sources...

The RON lost 0.46 per cent yesterday, dropping approximately two hundredths to 4.2747 RON/EUR, in line with the other currencies in the region. This is the lowest exchange rate in the last six months, after a few days of excessive volatility.