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Teachers have begun protests, unhappy with the fact that unions were not consulted on the new law of education, according to Agerpres.

Dozens of minority interests of the Ministry of the Economy and a few hundreds of AVAS holdings will enter the portfolio of the future National Investment Fund (FIN), one of the anti-crisis measures proposed by the current government.

Israeli developer Aura Investments sold 37% of its stake in the joint venture with GTC to the latter, in exchange for the cancellation of a debt of EUR 13.6 million, according to a statement Aura sent to the Tel Aviv Stock Exchange, quoted by...

Italian company Immobiliare Grande Distribuzione (IGD), owner of retail chain Winmarkt saw the value of its Romanian real estate assets drop 6.2% YOY in 2009, to EUR 187.6 million.

This seems to be the price that the Romanian government would need to pay now in order to make sure its gets back the 570 million Euros in debt that it is owed by the former Petromidia refinery.

For the first time, a Romanian court decided that an owner whose assets were seized by the Communist regime needs to be compensated using cash instead of shares of the Proprietatea Fund.

Romania needs to adapt to living within its means, says Tony Lybek, the representative of the IMF for Romania and Bulgaria, in an interview for BURSA.

The financial troubles of the SC Rapid SA have determined owner George Copos to take defensive measures aimed at protecting the soccer if the company which owns it were to enter liquidation.

Prime Minister Emil Boc recently asked for the speed-up of the creation of the National Investment Fund (FIN), the minister of the Economy, Adriean Videanu said yesterday during a conference.

The European Bank for Reconstruction and Development (EBRD) recently said in a report, that the "stimuli" included in the EUR 13 billion stimulus package announced by the Romanian government in February 2009 as a means of supporting the...

Romania successfully borrowed one billion Euros through its 5-year Eurobonds issue, which offers a coupon of 5% and a total yield of 5.17% per annum, even though at this yield, demand from foreign investors reached EUR 4.9 billion.

The mass-media crisis creates hilarious situations, like the thing that happened yesterday with "Ziarul Financiar", which dedicated an entire page to the subject of bankruptcy, while at the same time, Daily Business published the news...

The officials of the Chamber of Commerce and Industry of Braşov yesterday announced that the European Bank for Reconstruction and Development, together with the European Commission, has launched a funding facility to help improve the...

The Romanian Securities Commission yesterday approved the amendment of the takeover bid made by the Rompetrol Group, by which the latter raises the price at 0.0751 lei/share for shares of "Rompetrol Rafinare".

The managers of the five financial investment companies (SIF) have had several talks with the Romanian Securities Commission (CNVM) on the issue of a possible share capital increase, Costel Ceocea, the chairman of SIF Moldova said for BURSA.

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).

The stock market regulator yesterday approved the Regulation on using global accounts, stock borrowing and short selling, almost two years after the management of the Bucharest Stock Exchange first asked for their introduction.

New anti-crisis measures will be included by the Government in a project intended to relaunch the economic activity, in particular for the creation of new jobs.

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.