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Primary energy resources dropped 18.4% in the first ten months of 2009, and electricity resources dropped 12.5% YOY over the same period.

Hidroelectrica has been negotiating for some time the taking out of several loans for investments with a total value of 300 million Euros.

Avicola Braşov had a profit of 4.6 million lei at the end of Q3 2009, up four times over Q3 2008, according to the earnings report sent to the Bucharest Stock Exchange.

The Minister of the Economy, Adriean Videanu, met with Joschka Fischer, the political advisor of RWE for Nabucco, in order to discuss current aspects of the Nabucco project, as well as the priority elements which need to be considered in order to...

The Constitutional Court did not need to wait and see who would be the next president, to rule on whether the laws that the parliament voted down were in compliance with the constitution or not.

The Parliament yesterday rejected the Croitoru cabinet.

Nine months through the year, Elerom SA - Roman (listed as ELER on the RASDAQ platform of the Bucharest Stock Exchange) reported a year-on-year increase in turnover by 1,247,371 RON to 8,291,771 RON.

Moldova - Vaslui (listed as MODY on the RASDAQ platform of the Bucharest Stock Exchange) concluded the first nine months of the year with a turnover of 642,293 RON, up nearly 50 per cent from the 430,632 RON reported at the end of September 2008.

The Competition Council last week started an investigation concerning possible frauds committed by the Arms Department (Military Base 02550 Bucharest) of the Ministry of Defence in organizing tenders between 2005 and 2007.

Severe drought has reduced Romania"s crops by one third this year, causing losses in excess of 1 billion RON against the broader background of a global economic crisis, shattering hopes that the agriculture might be the key to economic...

The appointed Prime Minister Lucian Croitoru, will present today before the Parliament its governing program, hoping to obtain the vote of confidence from a Parliament that is predominantly hostile.

Turkmenistan, Azerbaijan and Iraq will be for sure among the gas suppliers of the Nabucco project, according to the RWE consultant for the project, Josckha Fischer.

Inflation in Russia will probably not exceed 10% in 2009, which allowed banks to lower their refinancing rate several times since the beginning of the year, Gennady Melikyan, deputy governor of Russia"s Central Bank announced yesterday.

The company Avicola Braşov, controlled by businessman Ioan Popa, owner of the Transavia Alba-Iulia group, intends to take out a 50 million lei production loan for a period of one year.

"To analysts and financiers, Romania"s current economic situation looks like the script of an economic horror movie... if such genre existed," according to Victor Safta, the Managing Director of the Romanian subsidiary of X-Trade Brokers.

The banks that lent 120 million EUR to CFR Marfa (the Romanian Railway Company - Freight) in November 2007 are now asking the Government to guarantee for the loan, arguing that the debtor has not fully observed its contractual commitments.

First, Mircea Geoana had the intention that the "transparent majority" pass a law to enable the dismissed Government to present the Parliament with a draft Budget for 2010.

The Orşova Shipyard (symbol: SNO) will export its 11th ship this year.

The ranking of major arrears towards the state (accumulated by major companies) has seen spectacular changes, according to the latest reports by the Ministry of Public Finance, published at the end of September 2009.

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).

In October, four new companies joined the markets managed by OPCOM (ed. note: the Romanian energy market operator), namely the Day-Ahead Market (PZU), the Centralized Bilateral Contracts Market (PCCB), The Centralized Market for Bilateral...

The net profit of "Socep" Constanţa (symbol: SOCP on the Bucharest Stock Exchange), at the end of Q3 2009 dropped eight times YOY to 846,200 lei, due to a 23% drop in turnover to 34.81 million lei (8.22 million Euros), according to the...

"Turbomecanica" (symbol TBM on the Bucharest Stock Exchange) reported a loss of 4.73 million lei, after the first nine months of the year, far less than last year"s Q3 loss of 20.18 million lei, according to the report sent to the...

Erste Group Bank AG, the majority shareholder in Banca Comerciala Romana (the Romanian Commercial Bank - BCR), reported a net profit of 228 million EUR for the third quarter of the year, slightly up from the corresponding period of 2008, amid an...

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...

Boc isn"t packing his stuff.

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.