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The Bucharest City Hall - Sector 2 will be able to implement several common projects of great impact on the local community in cooperation with the future Sector 7 of Bucharest, the current satellite town of Voluntari, according to Sector 2 Mayor...

Euro Habitat, the developer of the Planorama project has hired BSR Europe as project manager, to help them weather the difficult period they are going through.

Hidroelectrica is considering investing in wind farm production.

The Ministry of Public Finance (MFP) has borrowed EUR 1.423 billion from the domestic market by issuing 1-year treasury certificates with a foreign currency coupon, exceeding the by EUR 923 million the EUR 500 million it had initially planned to...

Taiwan-based computer manufacturer Acer secured the leading position on the notebook segment in Romania with a market share of 28.3 per cent at the end of the third quarter.

The president of the PSD, Mircea Geoană, yesteday met with the leaders of major union confederations, at the headquarters of the Social-Democrat Party (PSD), and asked them for their support for the second round of the presidential elections,...

The Central Electoral Office (BEC) yesterday announced the final results of the first round of the presidential elections and of the referendum.

Crin Antonescu does it again.

Banks, especially European ones, may be concealing half of their losses, says the Managing Director of the International Monetary Fund (IMF), Dominique Strauss-Kahn.

Let us rejoice! Sorin Ovidiu Vântu will bequeath the "Realitatea" trust to us, the Romanian people!

"France Telecom" SA, Europe"s third largest telecom company, has decided to merge its Swiss division with the local division of Danish company TDC A/S, by paying EUR 1.5 billion (USD 2.25 billion) to control the newly created entity.

Medicover, a leading provider of private medical services in Romania, last month took over a medical clinic in Brasov, thus expanding coverage to the central part of Romania, after having acquired earlier another clinic in Sibiu.

Metro Cash & Carry yesterday unveiled its new strategy on proprietary brands, which concerns a set of six distinct brands that are exclusively dedicated to the needs of its customers.

In spite of a 60% drop in the auto market and of a 75% drop of the financial leasing market, operational leasing will grow over 20% this year, to 23,000 vehicles under management, according to "LeasePlan" officials.

Daimler AG, the world"s largest truck maker, could buy an additional 15 per cent in Russian truck maker Kamaz from the investment firm Troika Dialog, according to the Russian newspaper Vedomosti, which commented that Daimler would therefore...

Conpet has come to an agreement with the shareholders in RAFO regarding the settlement of the refinery"s largely overdue debt, which has become an obstacle preventing the finalization the judicial reorganisation procedure, which RAFO started...

Today, no one says a word about the fact that PNL and PSD (back then called the FSN - the National Salvation Front) have already been part of a government together.

Liberals yesterday committed to backing Mircea Geoană, the candidate of the Social democrats (PSD) in the second round of the elections, scheduled to take place on December 6th.

Europa Star Service SRL has inaugurated a modern bakery that will market its products under the brand "Bunatarie" (approx. Baking Goodies).

According to a study by Gfk Romania, the economic crisis did not bring any major changes in terms of what Romanians store in their pantry for the winter.

The global economy remains highly vulnerable, although the worst has passed, according to International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn.

Eni Spa, the largest energy company in Italy, is buying stakes in two Ugandan oil fields from the British explorer Heritage Oil Plc. for a reported 1.35 billion USD.

The Russian rouble yesterday reached the highest exchange rate against the dollar in the past two weeks amid speculations that the global economic recovery would stimulate the demand for oil.

Three websites broke the Electoral Law by publishing exit polls long before the closing time of the polling stations on the day of the presidential election.

Returns of Eastern European stock and currency markets have reached 50% this year, but the high level of public of the countries in the region could make them lose favor with investors, according to Bloomberg.

With its portfolio burdened by several companies which have been barely dodging liquidation for years, financial investment company "Oltenia" (SIF5) has been trying hard to sell them.

SC Ostrovit SA was privatized in 2000 and became one of the growing numbers of private vineyards in Romania.

Only 7,239 new cars were sold in October 2009, down 50.3% YOY, according to data compiled by the Romanian Association of Car Makers and Importers (APIA).

The first intermediate results of yesterday"s polls emphasized flagrant contradictions and the horrible political bias of the polling institutes, as well as the fact that such institutes are political instruments of influencing the voters.

Electricity suppliers refuse to participate in the auctions organised by the energy production facilities in Olt Valley, which are currently trying to sell the production scheduled for 2010.

This Saturday in Păltiniş, brokers were introduced to the trading platform of the Derivatives Exchange of Sibiu, the structure of the spot stock trading platform (which would be launched on January 22nd 2010), as well as the derivatives already...

Minister of Economy Adriean Videanu yesterday signed the first six out of 14 projects selected within Chapter 4.2 " Supporting investments in upgrading and building new power and heating production capacities by valorisation of renewable...

German company E.ON lowered its investments in the Romanian gas and electricity industry by 40% this year.

Although maintaining the flat tax and the value-added tax unchanged required a huge effort for Romania in 2009, these taxes must continue to remain the same in 2010, too, according to Ministry of Finance Secretary of State Gratiela Iordache, who...

The energy of the confrontation in Cluj between presidential candidates Traian Băsescu and Crin Antonescu was absent in the spontaneous debate held on Wednesday by Antena 3 TV channel, which this time hosted Crin Antonescu and Mircea Geoană.

The National Securities Commission (CNVM) yesterday revoked the license to operate issued to Trend - Bacau and gave the brokerage firm a fine of 8,000 RON for several operational irregularities identified during a comprehensive audit performed in...

Companies that have obtained approval for energy investment projects co-financed by the European Union are having great difficulties in securing their part of the co-financing, Minister of Economy Adriean Videanu said yesterday.

The Organization for Economic Cooperation and Development (OCDE) yesterday revised significantly upwards its economic growth forecast for industrialized states in 2010, showing that China and emerging countries will have an important contribution...

The International Monetary Fund could disburse the third and fourth installments of the loan next year, if the authorities request it and if the political uncertainty persists, the IMF official for Romania and Bulgaria, Tonny Lybek said.

The management of Dornafarm - Suceava (listed as DOFA on the RASDAQ platform of the BSE) has informed the Bucharest Stock Exchange (BSE) that a general insolvency procedure has been initiated against the company.

On a leasing market that has seen its main segments contract, "Deutsche Leasing Romania" is now turning its attention to providing specialized financial services.

Shares of fertilizer maker "Amonil" Slobozia (symbol: AMO) yesterday shone again, rising over 9.24%, on a volume of 7.66 million shares, after the National Securities Commission (CNVM) demanded that the two-offshore companies,...

Banks operating in emerging Europe seem to have been reluctant to recognise possible losses from bad loans and could face even bigger problems in early 2010, international financial institutions warn.

Fertilizer producers and thermo-electric plants may only procure gas from Romania"s domestic gas production until 2010.

Shareholders in the Italian-based Ferrero SpA have divergent opinions on whether to make a takeover bid for Cadbury Plc. or start forging an alliance with the British confectioner, the Times reported, without quoting sources.

Professional associations CONPIROM and UGIR-1903 are extremely concerned at the EUR 2 billion withdrawal of funds from Romania by the branches of some foreign banks, and urge the IMF to get involved in changing this type of behavior that can...