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Online payments by credit or debit card gained substance in the first nine months of the year, totalling 69.5 million EUR, up by a substantial 75 per cent from the corresponding period of 2008, according to electronic payment processor RomCard.

N-Lex (national laws) is an electronic legislative database which is accessible free of charge, and which is connected to the N-Lex European system, which means users have access to the legislation of all the European countries which are...

The Board of Directors of SEF Petroforest SA - Piatra Neamt has called an Extraordinary General Meeting of Shareholder for 5 November to discuss and approve mortgaging two buildings as guarantee for two loans worth a total of 19 million EUR to be...

The U.S. dollar continued to decline on foreign markets yesterday, for the second consecutive day, as the Finance Ministers and Central Bank Governors of the G7 (the seven most industrialized countries in the world) omitted to make reference to...

Businessman Ioan Niculae once again became the majority shareholder of the former "Romanian Tobacco" National Company (SNTR), five years and a half after the company"s privatization.

Oil prices are expected to average 63 dollars in 2010, after 55.5 dollars in 2009, the World Bank said in a report on the Middle East and North Africa released in Istanbul on Saturday.

Investor appetite for shares of "Carpatica" (symbol: BCC) did not see significant changes in the last four trading sessions, even though the bank went through major changes, including the replacement of its general manager and the share...

European Union regulatory authorities on Friday charged British Airways, American Airlines and Iberia Lineas Aereas de Espana SA with breaking antitrust regulations by sharing trans-Atlantic routes.

Arrivals of foreign tourists in Romania logged at border crossing points, amounted to about 897,000 in August 2009, down 18.2% over August 2008, whereas over 1.3 million Romanians went abroad this year, down 26.3%, according to the National...

At the request of one of the shareholders, the Board of Administration of Pantex SA Braşov summoned the General Assembly of Shareholders for November 19th.

Developing countries continue to suffer severe detriment because of the global economic recession, and the World Bank needs additional resources to assist them, said World Bank President Robert Zoellick.

Barely two weeks after expediting the adoption of the Single Salary Policy Law by taking responsibility for it before Parliament, the Government is considering changing it through an emergency ordinance.

The Democrat Liberal Party (PD-L) has entered the final stage of the preparations for the election campaign, PD-L Vice President Gheorghe Flutur stated, adding that further details about the official announcement of the President"s candidacy...

RAFO, Oltchim and Arpechim could form a petrochemical supply chain after the Government on Wednesday approved a memorandum for issuing a 330 million EUR State guarantee for RAFO - Onesti.

Romania"s forex reserves reached a new historic high, 28.33 billion Euros, at the end of September, as Romania cashed in the second tranche of the IMF standby-agreement, according to a press release by the National Bank.

Europe should pay distinct attention to the energy reserves in the Black Sea, which constitute a viable alternative to imports from Russia.

National Liberal Party (PNL) President and candidate for the Presidency of Romania Crin Antonescu yesterday stated that the recently broken ruling coalition between the Democrat - Liberal Party (PD-L) and the Social Democratic Party (PSD)...

In September, brokerage firm "Estinvest" Focşani has replaced "Tradeville" (formerly "Vanguard") as market leader in terms of turnover on the Sibiu Derivatives Exchange (SIBEX), with 68,368 contracts, further strengthening...

Some 50 workers of Construcţii Aeronautice Ghimbav continued their protests this week by denying access inside the premises.

Azerbaijan is interested in investing in the Romanian petrochemical industry, namely Arpechim Râmnicu Vâlcea, Tudor Şerban, the state secretary in the Ministry of the Economy yesterday said.

Petrom, a subsidiary of OMV and the largest oil company in Romania, will add natural gas exports to its registered business during the next General Meeting of Shareholders.

Romania and Azerbaijan are looking to build a new refinery at the Black Sea, Tudor Şerban, the state secretary in the Ministry of the Economy said yesterday, during the Black Sea Energy and Economic Forum.

After all of the Members of the Board of Directors of Romlag - Brasov resigned, the company"s auditor, Basicount SRL, appointed Gabriel Catalin Anghel as Sole Director.

While in Slobozia yesterday, President Traian Basescu announced that the Government was considering issuing State guarantees for RAFO - Onesti and the Mangalia Shipyard.

The leu/Euro exchange rate used for the calculation of excises owed to the state budget for the year 2010 has been set at 4.1981 lei/Euro, 12% higher compared to the one used in 2009, according to yesterday"s exchange rate set by the NBR.

The last few days have brought about a significant increase in the volume of government bond transactions on the Bucharest Stock Exchange.

Eastern European banks have underestimated the value of bad loans resulting from the financial crisis and their impact will be felt across the region in 2010, according to Erik Berglof, Chief Economist of the European Bank for Reconstruction and...

After sitting it out for five months, but still more than four years away from being allowed to work again on the stock market, Petru Prunea has found a way to return to his playing field, but without attracting the attention of the National...

Dexion Hi-Lo Storage Solutions of Râşnov, part of Constructor Group, recently premiered its automated storage solutions on the Romanian market.

Proactive Business Communication and Addveritas yesterday launched the first edition of the International Wine Fair GoodWine, (October 2-4).

Banca Comerciala Romana (the Romanian Commercial Bank - BCR) will take over all the business and operations of BCR Securities as shareholders yesterday decided to dissolve and liquidate the brokerage firm.

After several unsuccessful attempts, shareholders in Chimopar (BSE:CPR), a chemical plant located in Bucharest, on Tuesday authorized a 1.62 million RON increase in capital, according to a regulatory notification to the Bucharest Stock Exchange...

The land currently occupied by the Tei Boboc tree nursery in Bucharest could be turned into a residential area comprising apartment buildings as tall as 30 and 45 storeys, which is unprecedented in the city.

Shareholders in BCR Securities, the brokerage arm of Banca Comerciala Romana (the Romanian Commercial Bank - BCR) could decide to dissolve and liquidate the company during the General Meeting scheduled for today, according to the formal notice to...

The National Bank of Romania (BNR) has reduced the monetary policy rate to 8 per cent p.a. from 8.5 per cent p.a. as of 30 September 2009, following a decision adopted by the BNR Board yesterday.

Commissioners of the Romanian Consumer Protection Authority (ANPC) have controlled 907 units - self-service restaurants, fast-food restaurants, express salad bars, pizza shops, restaurants, bars, and 567 stores in urban and rural areas.

The European Bank for Reconstruction and Development (EBRD) has asked member states to authorize a 50 per cent capital increase to enable the bank to mitigate the impact of the ongoing global economic crisis on Central and Eastern European...

Real estate services firm "Cushman & Wakefield" Romania claims, in its "High Street Retail" report, that half of the most prestigious retail avenues in the world and in Romania, have been affected by the global economic recession.

Tenaris SA, the world"s largest producer of seamless steel pipes, is contemplating cutting about one third of its staff in Italy as part of a "strategic repositioning" of the business.

The Coalition is still sitting on a powder keg which is set to explode if the request of Prime Minister Emil Boc to dismiss the minister of Administration and Internal Affairs, Dan Nica gets signed by president Traian Băsescu.