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Although citizens have been informed about the privately managed mandatory pension funds (Pillar II), they do not understand in fact how the entire system works, according to Shah Rouf, CEO of Aviva Asigurari de Viata (Aviva Life).

Romania seems unable to set its own politics straight, although the country has a tremendous economic potential, given the "incredible "funds it could attract and use in order to counteract the effects of the crisis, Erste Group CEO...

Romania lost the 1 billion loan from the European Commission which it was supposed to receive by the end of 2009 in order to fund its current deficit, and runs the risk of compromising the last installment of the loan from the IMF worth 1.5...

Petrom yesterday inaugurated a new natural gas processing unit for in Midia, near Constanţa. With a capacity nearly double that of the old installation, the unit can take over the entire offshore natural gas production of Petrom, according to a...

The United States economy has come out of recession, concluding the third quarter of 2009 with the first positive results after three consecutive quarters of decline.

Unilever is the first tenant of the industrial park Ploieşti West Park, developed by Alinso Group in association with Petrică Uşurelu, founder of the Piritex Group.

First, she idolized him.

The price of the services provided by notaries in Romania, benchmarked as the ratio between referenced fees and the average salary in the country, is 14 times more than in Germany, 7 times more than in Portugal, 6 times more than in Austria or...

American president Barack Obama yesterday said, after the publication of data on the United States GDP for the third quarter, that "recession is about to dissipate", but warned there is still a lot left to do to stabilize the economy.

ArcelorMittal SA, the world"s largest steel producer, has reported a profit of 903 million USD for July - September 2009, thus ending a run of three consecutive quarters in the red.

Less than 10 per cent of the total number of homes in Romania have been thermally rehabilitated, according to building materials producer Baumix.

Animal farmers picketed the Ministry of Agriculture and the Ministry of Finance yesterday, being extremely displeased with the delays in the disbursement of subsidies and with the very low value of such subsidies.

Banca Transilvania (symbol: TLV) reported a net profit of 48.27 million lei at the end of Q3 2009.

The Romanian currency yesterday dropped by almost one "ban" (0.23%), to 4.2995 lei/Euro, the highest exchange rate announced by the Central Bank since February 17th 2009 (4.3096 lei/Euro).

In an interview with a TV station given yesterday, President Traian Băsescu said that he has notified the officials of the IMF that there are two things that aren"t negotiable: the single tax rate and the VAT.

Romanian business associations will ask the representatives of the International Monetary Fund (IMF) to accept a reduction of the value-added tax (VAT) by three or four percentage points for one year, applicable only to consumer goods and food.

Almost 60% of small and medium enterprises in Bucharest outsource their IT infrastructure, according to study by Ka&Te Associates, which used a sample of 200 companies.

The Agency for Agricultural Payments and Interventions (APIA) disbursed around EUR 4.9 billion, between January and October 2009, from European funds and the state budget, in agriculture aids.

The average period for obtaining a value-added tax (VAT) return this year is approximately three months longer than it was in the past few years, according to the records of R&M Audit.

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.

Neither Johannis, nor Croitoru.

The financial crisis will take a heavy toll on the Q3 results of most of the companies listed on the Bucharest Stock Exchange (BSE), according to analysts, who expect that increasingly more companies will report declining figures.

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.