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Private mandatory pension funds (Second Pillar) have generated a net profit of 362 million lei, in their 22 months of operation (since May 2008), net of fees, according to a press release by the Association of Private Pension Funds (APAPR).

Bancpost has launched the mortgage with layoff risk insurance policy called "Safe at home", with a fixed interest rate of 7.95% and fixed monthly payments for the first three years, according to a press release by the bank.

ProCredit Bank launched the financial package "ProAvantaj", intended to facilitate access to banking products and services for small and medium enterprises, the bank yesterday announced.

Commercial exchanges between Spain and Romania reached a level of EUR 1.333 billion, down almost 26% over the similar period of 2008.

The government seems to hesitate to begin massive layoffs in the public sector, for fear of the grave consequences that this measure could have on the global budget expenses.

Foreign demand for honey and other beekeeping products continues to grow, said Victor Mateş, general manager of Apidava. He said that domestic sales would increase this year, while exports would increase depending on beekeeper output for this...

Last week, Transgaz officially inaugurated the gas pipeline that connects the towns of Gheorgheni and Topliţa, in which the company invested approximately USD 1 million out of its own funds.

The caravan for raising 1 billion Euros from the major European investors departs today, led by Sebastian Vlădescu, the minister of Finance.

The Ministry of Development will no longer accept dumping prices in bids for public construction projects. Elena Udrea, the Minister of Development, yesterday said in a seminar focused on the construction market, that in many cases, after signing...

The Conservative Party (PC) will participate in the 2012 regional elections by itself, its chairman Daniel Constantin said yesterday in Piteşti.

The economy is in a recovery, while inflation will continue to drop, the governor of the NBR, Mugur Isărescu and Finance Minister Sebastian Vlădescu said yesterday.

On Tuesday, almost two years after the project was first announced, the new Board of the Bucharest Stock Exchange approved the final version of the Alternative Trading System (ATS), which will be managed by the Bucharest Stock Exchange.

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.