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The Commission for the Surveillance of the Private Pension System (CSSPP) yesterday published on its website, the Guide For Participants in The Private Pension System, which is intended as a useful tool for pension system subscribers, by allowing...

Millennium Bank entered the factoring market, offering customers with an annual turnover of over 500,000 Euros the possibility to outsource their receivables collection, according to a press release by the bank.

The Private Pension System Supervisory Commission (CSSPP) yesterday launched "The Participant"s Guide To the Private Pension System," which is intended to be a practical tool for the beneficiaries of the private pension system in...

The number of cars produced in China in the first ten months of 2009 passed the 10 million mark, the Association of Chinese Automakers (CAAM), said. Thus, China could become the world"s largest carmaker this year. The only other countries to...

Continuously declining interest rates offered on bank deposits and the high volatility of the capital market are making it increasingly difficult to decide on a safe way to invest personal savings and, of course, secure the highest profit in the...

OPEC said it would not be "comfortable" if the price of crude oil returned to USD100/barrel, says the Cartel"s secretary general, Abdalla El-Badri.

The negotiations between Prime Minister Designate Lucian Croitoru and the representatives of the "transparent parliamentary majority" formed by PSD+PC, PNL, UDMR and the parliamentary group of the minorities other than Hungarian ended in...

Mircea Băsescu the president"s brother and Maria Cazacu, the daughter of the former Defense Industry Department of the Ministry of Economy, Aurel Cazacu, have officially exited Desintco SRL, after the Trade Registry last week recorded that...

Crude oil jumped over 80 USD/barrel on the New York Mercantile Exchange yesterday, for the first time since October 2008 as the USD plunged to a 14-month low against the euro, thus stimulating the demand for raw materials.

The management of the Bucharest Stock Exchange has made it a priority to attract foreign investors, as their exodus from the market has had a significant impact.

Bulgaria intends to reduce the value-added tax (VAT) from 20 per cent to 16 per cent by the end of the term of the current Government, stated Bulgarian Finance Minister Simeon Djankov.

Public spending with state pensions will increase on average, across the entire European Union, from 10.2% of the GDP in (in 2010) to 12.5% (in 2060), due to a slowed down birth rate, population aging and decrease, with the situation expected to...

Iberdrola Renovables yesterday announced the opening of an office in Bucharest as part of its ongoing effort to expand operations in Eastern Europe.

Univers, the federation of trade unions in the energy industry, yesterday announced plans to stage protests as of 28 October, as a consequence of a major labour conflict taking place within E.ON Energie Moldova.

The cooperation memorandum between Romania, Hungary and Austria for the development of the regional energy market will be finalized soon.

The appointed Prime-Minister Lucian Croitoru has begun negotiating with the political parties for the creation of a government that would pass the vote of confidence in the Parliament.

The systemic crisis which Romania has been brought to - a crisis setting in amid profound imbalances in employment and the real economy, combined with a surge in public and private debt - has reached endemic proportion and stands unprecedented in...

Hotel operators in Brasov are one step ahead of the Romanian Government as many of them have made significant investments in green energy and are now offering tourists environmentally-friendly services.

Carrefour SA, the largest retail group in Europe, has decided to sell operations in Russia and leave this market.

Japan"s Financial Services Authority recommended that the Japanese government punish "BNP Paribas Securities", the Japanese brokerage division of "BNP Paribas" SA, over a 2008 convertible bonds issue, by now defunct developer...

Europe"s largest car-maker, German "Volkswagen" AG, will suggest the issue of a maximum of an additional 135 million non-voting preferred shares, in order to help finance the merger with "Porsche" AG.

The appointed prime-minister, Lucian Croitoru, said on Saturday, in a press conference, that in the time elapsed since his appointment as prime minister, he worked on the governing program together with his colleagues in the NBR.

The political crisis and financial difficulties have brought local public administration on the brink of collapse.

By the time the presidential elections take place, we might have three Prime Ministers to one crisis, but no real Government: a dismissed, but still acting Prime Minister, a Prime Minister of the "transparent majority" and a Prime...

The Bucharest City Hall yesterday announced that the construction of the Basarab Bridge would be finished in the final quarter of 2010, following an audit performed on the contractor.

Marius Bulugea has been appointed as Managing Director of the Disaster Insurance Pool (PAID) during a recent meeting of the Board of Directors.

The National Bank will continue to lower the policy rate, but can not do so at its own pace, yesterday Ioan Drăgulin said, at a FinMedia seminar, Ioan Drăgulin, head of the Financial Stability Department.

Economic analysts believe that the nomination of Lucian Croitoru for Prime Minister is a solution to the ongoing political and economic crisis confronting Romania and therefore salute it.

Romania"s economy will grow 1% next year, after declining 8% this year, and rising 7.1% in 2008, the European Bank for Reconstruction and Development (EBRD) predicts, in its 2009 transition report scheduled to be published next month.

Lucian Croitoru was a manager of the non bank lender Good.Bee Credit IFN, incorporated last year by Good Bee Holding Vienna - 49%, member of the Erste Bank group and by the Center for Economic Development -51%, a with small loan operations in...

Lucian Croitoru has no flaw that would cause the parliament to deny him the right to become prime-minister, after he was appointed yesterday by president Traian Băsescu to form the new government.

The National Land Development Administration (ANIF) yesterday announced that the rehabilitation of the pumping - drainage station in SPE Balteni had been completed.

New Yorker, one of the largest apparel retailers in Germany and the owner of an international chain of 690 stores in 25 countries, will open a store in the Suceava Shopping City in December.

"Royal Bank of Scotland Group" Plc (RBS) is considering a plan backed by the government, which includes the sale of the 312 branches in the England and Wales, in an attempt to meet the demands of European competition regulators, says...

Businesses using the telephony services provided by UPC can cut their phone bill by 30-50 per cent on the average if they opt for one of the newly introduced bundles of pre-pay minutes (extra-options) available for calls to off-net fixed numbers...

Employees of major banks and brokerages on Wall Street could receive a total of USD 140 billion in bonuses, according to a study by the Wall Street Journal, based on statements by officials of the SEC and on revenue estimates for the remaining...

The European Commission warned Romania and other Members that their economies were at high risk because rising public debt could hurt their ability to meet future needs for public spending. The Commission warned all Members that they could not...

International Finance Corporation (IFC), the investment division of the World Bank, invested over 100 million Euros in Romania, its total investments reaching over 600 million Euros, and estimates loans of over 150 million Euros, next year. Head...

Grieving over the looming loss of their mayor, Klaus Johannis, as the cruel fate was about to snatch him from Sibiu and throw him into the political swamps of Bucharest, the people of Sibiu gained new hope around five o"clock in the...

More than half of Romanians don"t invest because they don"t have money, but if they did, they"d pick higher risk instruments over bank deposits, which are considered safer, according to a recent study by "IMAS International",...

Despite political tension having weakened the RON to the lowest value in the last seven months, analysts believe that the higher pressure noted on the foreign exchange market in the last two days, since the Government was dismissed by a...