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Dassault Systemes SA has agreed to buy the sales and customer support unit of the U.S.-based International Business Machines Corp. (IBM) for 600 million USD in cash.

A mission of the IMF will arrive today in Bucharest, for the second evaluation of Romania"s economic program.

Banks must continue their reforms and increase their base capital, says Christian Noyer, member of the governor board of the European Central Bank (BCE).

CBRE Eurisko, the exclusive agent for the shopping centre Arena Mall - Bacau, yesterday announced to have successfully brokered the lease of 520 square metres to German-based footwear retailer Deichmann.

The National Guarantee Fund of SME Loans (has raised the limit granted to Millennium Bank for First House loans to EUR 25 million, from EUR 20.8 million, according to a press release by the bank.

Impact Developer & Contractor - Bucharest (BSE:IMP), a real estate developer controlled by Dan Ioan Popp, has so far through the year concluded over 150 transactions worth a total of 66 million RON, up by 4 per cent from the corresponding...

Romania has sufficient wheat on stock to ensure domestic consumption without making any imports until the end of the year, according to representatives of the professional associations of wheat farmers and the milling and baking industry...

Eight months through the year, State-run Romanian Railway Company SA (Caile Ferate Romane - CFR) landed 667 million RON in turnover, down by 11.8 per cent from the corresponding period of 2008.

Two months before the presidential elections - neither Băsescu, nor Geoană like having to come before voters as adversaries, while being partners in the government.

"Viewside Markets Inc", calcinated alumina supplier of "Alro" Slatina (symbol: ALR), has filed a statement of claim with the London Court of International Arbitration in relation to the cancellation of an alumina purchasing...

Groupe Danone SA, the world"s largest yoghurt producer, has reported a decline in Q3/09 sales, following the sale of the Frucor division and the appreciation of the euro against other currencies.

American authorities last week imposed restrictions on compensation packages in the banking sector and in other major companies bailed out by taxpayers, which is unprecedented in the United States.

Italian aeronautical company "Alenia" is trying to become a shareholder of Avioane Craiova without taking over the Romanian company"s liabilities.

Over the course of last month, "Ceramica" Zalău lowered its stake in construction materials maker "Cemacon" Zalău (symbol: CEON) below 5%, earning over 1.12 million lei, according to reports posted on the Rasdaq website.

Once upon a time, humankind lived historical times as legendary heroes emerged from the midst of their people and forged a future for them.

Chinese-based Zhengzhou Top Rolling Technology Co. announced on Friday that it is in talks with steel pipe maker Intfor Galaţi, in order to expand their cooperation in steel production projects, according to Xinhua.

Chinese economy grew 8.9% in the third quarter, this being the largest growth in the last year, due to the governmental stimulus packages.

Credit Suisse Group AG, the largest bank in Switzerland by market value, reported a third straight quarterly profit on gains from trading.

Daimler AG, the world"s second largest luxury carmaker, is planning to invest 3 billion EUR (4.5 billion USD) in its factories in Germany with a view to expand the portfolio of compact models.

Shareholders of Viromet Victoria decided in the beginning of this week to close the company"s import-export office of Bucharest, while at the same time keeping the other 14 lucrative facilities in the county of Braşov.

Aviva plc. will convert Eastern European subsidiaries into branches and manage all such operations through one company based in Ireland, the insurer announced yesterday.

Hyposwiss Danube Tiber, one of the most active foreign investors on the Bucharest Stock Exchange (BSE) after Julius Baer, holds 7.8 million EUR worth of shares in financial investment firms SIF3 Transilvania and SIF5 Oltenia, according to the...

The Mayor of Bucharest, Sorin Oprescu, yesterday announced that he submitted with the Civil Section of the Court of Bucharest two summons for Millenium Building Development, the developer of the "Cathedral Plaza" project, a 19-floor tower...

The National Securities Commission (CNVM) yesterday rejected the evaluation reports of the two companies owned by "Rompetrol" listed on the Bucharest Stock Exchange, based on which KazMunaiGaz was supposed to launch the squeeze-out...

During an official visit to Bucharest yesterday, U.S. Vice President Joseph Biden thanked Romanian authorities for supporting the new missile shield system, which U.S. President Barack Obama wanted to deploy in Europe.

CEZ has announced the acquisition of a 12 per cent stake in CEZ Servicii (CEZ Services) from investment fund Fondul Proprietatea for 1.6 million EUR.

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 energy production facilities in Turceni and Rovinari have announced new auctions to sell energy with delivery 2010, with starting prices of 204 RON/MWh and, respectively, 207 RON/MWh.

Allianz-Tiriac Pensii Private (Allianz-Tiriac Private Pensions), the second largest player on the Pillar II tier if the private pension system, has reduced its share capital 11.7 times to 29.99 million RON, after the management firm was forced to...

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...

It"s not the current political crisis that we should be concerned about, but its potential.

The current exchange rates for the major currencies are not affecting the recovery of the global economy, according to International Monetary Fund (IMF) First Deputy Managing Director John Lipsky, who anticipates moderate recovery in 2010.

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.