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The concern caused by the revocation of the license of the Cantacuzino Institute, a strategic institution specializing in vaccine production, caused the government to get involved yesterday in funding the institution to allow it to resume...

Greek Prime Minister, George Papandreou, yesterday announced that the Greek government approved a cut in public spending by an additional 4.8 billion Euros (6.6 billion dollars), in an attempt to convince European officials and investors it can...

Greek Prime Minister, George Papandreou, yesterday announced that the Greek government approved a cut in public spending by an additional 4.8 billion Euros (6.6 billion dollars), in an attempt to convince European officials and investors it can...

Greece"s civil service umbrella union ADEDY, yesterday said it would call for a strike for March 16th, to protest against the new austerity measures expected to be taken by the government in order to take the country out of its current...

"OTP Bank" Nyrt., the largest commercial bank in Hungary, made a profit of 20.4 billion forint (USD 104 million) in the last quarter of 2009, from a loss of 60.7 billion forint one year ago. Analysts were expecting a profit of only 15.4...

Thirteen foreign countries owe Romania over 1.2 billion dollars, originating from unpaid commercial contracts concluded before 1989, while Cuba owes Romania another USD 2 billion in transferable rubles, but over the last twenty years negotiations...

The State could have recovered at least part of the money it is owed by Rompetrol Rafinare (formerly Petromidia) ever since 2005, had the Government approved a decision by which the bonds issued by the company against its debt of USD 603 million...

Direct foreign investments in Russia dropped almost 41% YOY in 2009, to 15.9 billion dollars, as the economy saw its largest decline after the dissolution of the Soviet Union, the Russian Federal Statistics Department announced.

Sweden"s economy unexpectedly entered recession again.

The management of the Central Depository wants to extend the range of services it provides for its members, with deposit-related operations, following the model of Euroclear and of depositories in Austria and Switzerland.

The relationship manager of the Chamber of Commerce and Industry Braşov, Adrian Rogoz, announced that the eSkills 2010 project will take place all over the European Union.

The retrocession of the Peleş - Sinaia estate, which began three years ago as a remedy to the Royal Family, after the illegal seizing of its assets in 1948, could spark a major scandal.

The OTE Group today announced the financial results of the mobile telephony operator "Cosmote" Romania.

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...

On the forex markets, the Euro yesterday dropped to an annual low against the yen, while also losing ground against the dollar, after rating firms "Moody"s Investors Service" and "Standard & Poor"s" announced further...

Farmers took out loans of 10 million Euros as part of the "First Loan" program, the officials of the Fund for the Guarantee of Rural Loans said for BURSA.

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...