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Romanian-Norwegian investment fund "România Invest" yesterday announced, in a press conference, that it would allocate around 40 million Euros to acquire apartments which are in the construction stage, provided it finds homes of adequate...

All the eggs which are being sold on the market meet the health and safety standards, said Mihail Dumitru, the minister of Agriculture, quoted by Agerpres.

Raiffeisen Bank has lowered interest rates for unsecured loans in lei by as much as 2%, with the lowest level being 10.50%, whereas interest rate for savings in lei dropped to 8.25%, subject to the type of deposits and the amount on deposit,...

Officials of state owned company Oil Terminal- the gateway for the entry of crude in Romania - recently negotiated in London, with giant Glencore the storage of a large amount of hydrocarbons, crude oil and diesel oil, sources close to the...

The European Commission will take Greece to court over its failure to claim back illegal tax breaks given to several companies.

According to Mediafax, analysts contacted by Reuters for a poll on estimating the earnings of Austrian group Erste Bank for the year 2009, predict a 71.7% drop in BCR"s net profit, from 240 million Euros in 2008, to 68 million Euros in 2009.

Social-Democrat senator Sorin Bota yesterday submitted with the Senate a draft bill for the creation of a National Pact for the construction of highways and express roads, according to press agency Agerpres.

The situation in the PIIGS area will affect other countries in the European Union, and Romania as well, meaning that our adoption of the European currency has become a "moving target", sai Mr. Florin Pogonaru, the chairman of the...

Portugal, Italy, Ireland, Greece and Spain currently make up the group that economists dubbed PIIGS, an acronym which indicates that these five countries have excessive deficits and endanger the European economy.

The countries in the PIIGS group (Portugal, Ireland, Italy, Spain and Greece) control 35% of the Romanian banking system, according to calculations by our newspaper.

"Air France-KLM" and "Japan Airlines" Corp. (JAL) are considering the creation of a joint venture for to pool their operations between France and Japan, according to daily La Tribune, quoting anonymous sources from inside "Air...

Unionists in the healthcare sector are advising all employees in the system whose January wages are now lower than they were in December 2009, to challenge this recalculation made on the basis of the new law of unified wages.

The parliamentary group of independents is working on setting up a new political party with a center-left-wing orientation.

Jean Constantinescu, the chairman of the Romanian Institute for Energy (IRE) considers that the main interest of Gazprom in cooperating with Romanian companies is the setup of large gas storage areas at the locations of depleted gas deposits.

On Wednesday, Gazprom and Romgaz officials discussed opportunities for cooperating in the exploitation and exploration of gas and oil deposits outside the borders of Romania.

Banca Transilvania has become the sole shareholder of Medicredit Leasing IFN SA, by acquiring the remaining shares in the company.

French construction material maker "Lafarge", which is also present on the Romanian market, saw its cement sales drop 34.8%.

Due to the low levels of its current account deficit and long term foreign debt, Romania will have little need of foreign funding this year, according to analysts by "Raiffeisen" Bank.

On Friday, the court ruled the registration with the Trade Registry of Alba county of the amendments to the articles of incorporation of Roşia Montană Gold Corporation (RMGC), which concern the transactions between its shareholders and the...

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.