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"LUKoil", the largest Russian private crude producer, saw its earnings drop by half at the end of Q3 2009, due to declining prices.

Shareholders of Construcţii Aeronautice SA Ghimbav (Aeronautical Constructions Ghimbav) have empowered the management of the company to look for possible investors for a joint venture which would inherit the company"s productive assets, as...

"Sberbank", the largest Russian bank, saw its profit drop 82% in Q3 2009, as it raised its provisions against bad loans by $3.6 billion.

The shrewd logic of Romanians proved its long term mettle on December 6th, when no one else believed Romanians were still capable of thinking rationally.

The conditions of the apocalyptic scenario suggested yesterday by BURSA were fulfilled when, after the Central Electoral Office (BEC) announced that Traian Băsescu won by a very thin margin, the secretary general of the PSD, Liviu Dragnea, said...

The National Tax Agency (ANAF) announced on Friday, in a press release, that by November 27 2009, 1636 taxpayers that made real estate transactions between 2006-2008. 33 notifications were submitted to the prosecutors, for damages worth...

Claudiu Stafie, Secretary of state in the Ministry of the Economy and Chairman of the Board of Administration of IAR Ghimbav, announced that the Braşov based helicopter maker will sign the agreement with "Premium Aerotec", in the coming...

The American currency last week registered the largest rise this year against the Euro, following the unexpected drop in unemployment in the United States.

The European Bank for Reconstruction and Development (EBRD) and "Raiffeisen Bank Aval" JSC on Friday signed an agreement for a subordinated loan of 150 million US dollars, intended to bolster the capitalization of the Ukrainian division...

It"s all happening all over again: endless lines before the ballot boxes, allegations of fraud, votes bought using money or gifts, complaints with the Police...

Present on the domestic natural gas market since 2004, WIEE Romania has constantly increased its market share ever since.

European Central Bank will eliminate starting next year, the emergency operations concerning the funding of the banking market, as the Eurozone economy is beginning to recover.

Ludovic Orban denied the allegation that Adriana Săftoiu asked Traian Băsescu to appoint her husband Claudiu Elvis Săftoiu as head of the SIE (Foreign Intelligence Service) while at the same time accusing Băsescu of "nepotism" for the...

Real estate consulting firm Cushman & Wakefield, the main leasing agent of AFI Palace Cotroceni, announced that it has leased 163 stores - around 74% of the total of 220 areas which have been rented so far.

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

At a time when domestic brokerages are fighting over who gets a bigger share of the Sibiu and Bucharest exchanges, brokerage firm "Vienna Investment Trust" is targeting new markets.

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.