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The "Cash for Clunkers" program will only have two stages this year, as opposed to the three it had in 2009, and will allow car buyers to be rid of three cars which are more than 10 years old, in exchange for a new one, the Minister of...

The project of the South Stream pipeline, which is being pushed by Gazprom as the alternative to Nabucco for natural gas distribution in Europe, was reviewed as part of the bilateral discussions between Romania and Russia, which took place on...

Four sides will square off today at the General Assembly of the Bucharest Stock Exchange, scheduled to begin at 10 AM at the Intercontinental Hotel of Bucharest, for the election of a new Board of Directors and of a new chairman for another four...

The sale of homes built by the National Housing Agency to their young tenants at prices ranging from 19,000 to 36,000 Euros makes realtors very unhappy.

Spain wants to issue bonds denominated in Euros, with a 15-year maturity, even though the markets are worried about its fate as well as that of Portugal, after the outburst of the Greek crisis.

Tomorrow, the Bucharest Stock Exchange will elect a new chairman for a period of two years and a new Board of Directors.

Goldman Sachs, Wall Street"s most profitable investment bank, is being criticized by European politicians, for possibly aiding Greece in concealing its budget deficit and withholding information on Greece"s swap agreement.

The Vice-president of the Commission for Industry and Services, Liberal Democrat deputy Cristian Boureanu, yesterday said that Romania should be more open to a potential proposal for cooperating with the South Stream project, provided the terms...

Braşov-based Condmag SA has seen its net profit increase 111% last year, to 18.7 million lei, approximately 4.4 million Euros, according to the financial statement posted on the website of the Bucharest Stock Exchange.

In spite of the stringent need to cut costs, many companies still invest in R&D.

A sarcastic attack aimed at the current management of the Bucharest Stock Exchange (BSE) was uploaded on YouTube, as the elections for the presidency and the Board of the Bucharest Stock Exchange are scheduled to take place at the end of this week.

Even though it did its best to help minority shareholders get a higher price in the tender offer for "Rompetrol Rafinare" (RRC), the Romanian Securities Commission (CNVM) was left out in the cold by some of the minority shareholders it...

Info-Dip Insolvency Braşov, the trustee in bankruptcy of the Special Products Plant of Făgăraş, announces that starting with March 2nd, it will hold public auctions every Tuesday in order to sell off the company"s assets, worth an estimated...

The Constanţa Administration of Maritime Harbors (APMC) posted total revenues of 225.8 million lei in 2009, and a gross profit of 14 million lei.

"Tarom" SA had 1.5 billion years in revenue last year and a gross profit of 759,310 lei, according to the updated budget approved by the Ministry of Transports which was published in the Official Gazette yesterday.

Bulgaria and Romania are among countries "most at risk" from potential instability in from Greece after banks invested in central and eastern Europe, according to Morgan Stanley.

The first day of the tender offer for the 5.06 billion shares of "Rompetrol Rafinare" (RRC), initiated by the Rompetrol Group, ended with a surprise deal, by which 3.3 billion shares changed hands yesterday, through a total number of 25...

After raising the issue of the unjustified increase of the rates for the auto civil liability insurance policy (RCA) for the year 2010, the Association of Independent Auto Repair Shops (ASSAI) proposes several measures for eliminating abusive...

The Romanian Association of Construction Entrepreneurs (ARACO) sent an open letter to PM Boc requesting that the government consider increasing the funds available for guaranteeing loans taken under the "First Home" program from EUR 700...

The Romanian judicial system is at risk of grinding to a halt due to overworked judges, lack of funding, and inadequate work conditions, according to statements made for BURSA by officials in the sector.

Since the beginning of the year, the international press recently has been reviewing ancient history and literature in order to find the right terms for describing the current situation that Greece is in.

PD-L deputy Daniel Oajdea yesterday announced that he has filed a draft bill aimed at capping wages in several major public institutions: the National Securities Commission (CNVM), the Insurance Surveillance Commission (CSA), the Private Pension...

The Authority For State Assets Recovery has succeeded in having Eugen Benea, former manager of "Vitalef" Iaşi, appointed as receiver of "Nicolina" Iaşi.

The maximum amount guaranteed by the state under the "First Home" program will be capped at EUR 60,000 for those who buy completed homes, but it will be raised to EUR 70,000 - 75,000 for building new homes, PM Emil Boc said yesterday.

The remarkable event that everyone has been waiting for at the Bucharest Stock Exchange (BVB) is the election for the new management of the institution, scheduled to take place ten days from now.

The Association of Romanian Aerated Autoclave Concrete makers of Romania "PRO BCA" supports the continuation of the "First Home" program, and considers this measure as being beneficial for the recovery of the real estate market...

The energy savings certificate for buildings could become mandatory in March 2010.

The Ministry of the Economy yesterday announced that the provision of natural gas is happening normally and that over the course of the following days will remain around 8.9 million cubic meters/day.

The bill proposed by senator Iulian Urban concerning the revision of the law governing the operations of the National Integrity Agency (ANI) that would require journalists to disclose their political affiliations was rejected yesterday by the...

The chairmen of the five financial investment companies can now breathe a sigh of relief after the Commission for Economic Policy, Reform and Privatization of the Chamber of Deputies yesterday repealed the bill for raising the holding threshold...

Copper, crude oil and sugar are the top picks among commodities, with their prices set to rise due to increasing emerging-market demand and to supply constraints as the global economy gets back on track, according to Morgan Stanley.

"FlowTex Technology" SA, part of the "Dafora" group, signed a subcontracting agreement with German company "Hochtief Construction" AG, to perform the modernization of the wastewater treatment plant of Mediaş, the company...

The price of shares of the Proprietatea Fund have tracked the evolution of the main indexes of the Bucharest Stock Exchange (BET and BET-FI), over the course of the last three years, registering their highs during the heyday of the market -...

After several major foreign aeronautical companies politely declined its proposals for cooperation, "Avioane" Craiova is putting its hopes in the state in 2010 as well, hoping the former would help it survive until its long awaited...

Ukraine"s currency the hryvnia weakened yesterday after Prime Minister Yulia Timoshenko said yesterday"s vote was too close to call as opposition leader Viktor Yanukovych claimed victory.

The Romanian government yesterday approved the budget for the Administration of the Environment (AFM) for the year 2010.

The inflation forecast of the NBR for this year was revised upwards from 2.6% to 3.5%, while for 2011, the Central Bank predicts an inflation rate of 2.7%, according to the governor of the Central Bank, Mugur Isărescu.

Blue Air Transport Aerian SA last year requested the bankruptcy of SC Fotbal Club Rapid SA. According to information published on the website of the Court of Bucharest, last Thursday a new hearing took place on this matter.

"A dime a dozen". That seems to be the motto of the Tax Office when selling the products it has seized.

"Antibiotice" Iaşi was designated the most dynamic exporter as part of the ANEIR Awards (The National Association of Romanian Exporters and Importers) - 2009.