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The county council of Iaşi intends to create a fund for investments and guaranteeing loans.

Yesterday"s unrest in Timişoara seemed to have eclipsed the news about the extraordinary even which happened in the same city: PSD admitted its faults, taking responsibility for the hardships it has caused the Romanian people during...

The price of gold yesterday reached a new all-time high, going to USD 1,200/ounce, on the New York market, in reaction to the depreciation of the dollar.

Gas imported from the Russian Federation will have a share of up to 30% of the household gas consumption in Q1 2010, according to data supplied by the ANRE (the energy market regulator).

All citizens of Timişoara hate communism, it"s just that it seems they haven"t yet agreed on the exact meaning of the word; yesterday, protesters were yelling in the Opera Square that members of the PSD are communists, -...

The Unirea Medical Centre (CMU) on Friday inaugurated a new clinic in Cluj Napoca, the CMU Pasteur, built on an overall surface of 400 square metres with a total investment of 0.7 million EUR in equipment and interior finishing, not including the...

Home appliances, electronics, IT, communications and multimedia retailer Altex Romania on Friday inaugurated a store inside the Grand Arena Mall in Bucharest.

The end of last week brought with it tense negotiations between buyers of homes in the Planorama complex and the officials of developer Euro Habitat.

Shareholders in UPRUC CTR - Fagaras have decided to appoint Austrian-born Rainer Kurz as Director and amend the list of registered businesses by adding the wholesale of chemical products and intermediate products, brokerage in fuel, ore, metals...

The trade union of ArcelorMittal Tubular Products - Iasi intends to start negotiations on the addendum to the Framework Labour Agreement for 2010 in December, the main objective being to obtain a salary raise for next year.

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.

King Sturge"s results after the first semester confirm the initial estimates for the property management market.

The Bulgarian Government will seek an investor for the control stake of 44 per cent in the Sofia Stock Exchange in an attempt to turn this market into a regional player, Bulgarian Minister of Finance Simeon Djankov announced.

After National Liberal Party (PNL) President Crin Antonescu invited runaway Liberals to return "home" from the parties they had strayed to, especially the Democrat-Liberal Party (PD-L), the first results begin to appear in the local...

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...

The company that operates the Bucharest Stock Exchange has every opportunity to end 2009 at the edge of profitability, as the average daily turnover for stock trading hardly meets the annual target set by the management of the BSE.

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.