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The largest returns for deposits in lei with a 1-year maturity, do not exceed 10%, but in the case of some banks the interest rate can go as low as less than half of that.

At the end of last month, AVAS had only paid out 10% of the adjusted amount of the compensation that it was liable to, according to a recent reply by the Authority for State Assets Recovery (AVAS) to an inquiry by the Parliament.

The state wants to implement reverse taxation to cut tax evasion in the sector, which according to some estimates, exceeds 2 billion Euros.

The last remaining assets of the Albina (ed. note: "bee" in Romanian) Bank, which went bankrupt in 1999, will be sold by the company"s liquidator.

On the occasion of its announcement of its 2009 results, Melrose Resources announced that in October 2009 it had received the approval of the Romanian National Agency for Mineral Resources (ANRM) to carry out oil exploration in Romania.

The whole thing is actually outrageous - at least by the usual moral standards.

The economic crisis had a negative effect on the commercial exchanges between Romania and Ireland. After the first nine months of 2009, Ireland"s exports to Romania reached the level of 70.9 million Euros, and Ireland"s imports from...

The Board of Administration of Banca Transilvania proposes increasing the share capital 391.58 million lei and floating the bank on the Vienna Stock Exchange, according to the agenda of the General Shareholders" Meeting of April 28th.

Soccer player Adrian Mutu has decided to temporarily put his online retail business on hold.

A group of Belgian investors will set up a large golf course near the town of Pecica, in the county of Arad.

Employees of "Deutsche Bank" AG, "Exane" SA and "Moore Capital Management" LLC Em (the British Division) are under investigation amid suspicion that they have used confidential information to manipulate markets.

The volume of non-performing loans in the banking system will only begin to decrease at the end of 2010, and things will improve starting in 2011, said Dominic Bruynseels, Chief Executive of Banca Comercială Română (BCR).

The Indian unit of Coca-Cola Co (KO.N) has been asked to pay $47 million compensation for causing environmental damage at its bottling plant in the southern Indian state of Kerala.

The countries of the European Union must tackle the issue of durable recovery collectively, Nicolae Idu, head of the European Commission Office in Bucharest said yesterday, during a roundtable, referring to the Europe 2020 Strategy, a recent...

Yesterday in the forex market, the Euro depreciated to the lowest level in the last three weeks against the dollar, amid speculation that the leaders of the European Union, will fail to reach an agreement on the aid for Greece.

The government is selling the minority stakes it has in the agricultural sector in order to consolidate its budget revenues.

The Ministry of the Economy and Carpatcement Holding have signed the financing agreement for a project worth 16,572,100 lei, intended to increase the output and the turnover of the cement maker.

Equipment maker Comelf Bistriţa (CMF) will invest up to 2.8 million Euros in order to expand and modernize its production facilities, according to Mediafax.

Starting this year, dividends paid out by issuers listed on the stock exchange will be distributed to shareholders through the Central Depository, according to a press release by the institution.

The thousands of small shareholders of Antibiotice Iaşi, listed on the Bucharest Stock Exchange, are waiting to see what the government decides on the issue of the Romanian Pharmaceutical Company, which would be a strategic national company.

According to a press release by the institution, in 2009 "Intesa Sanpaolo" Bank posted a net profit, as well as increased its loan portfolio by 27%.

"Lloyds Banking Group" Plc, the largest mortgage lender in the UK, expects to become profitable again this year, based on the solid results obtained in the first ten weeks of 2010.

Rents for office spaces have begun a speedy drop all over the country (20.1% to 45% last year). Rent in Braşov dropped 31%, according to the website imobiliare.ro, from EUR 9.27/sqm to EUR 6.40 /sqm, which makes it the town with the lowest rent...

Oltchim Râmnicu-Vâlcea estimates the repairs needed to allow Arpechim to resume operation in April will cost EUR 15 million.

Uniqa, an insurance company owned by the eponymous Austrian company, reported a 4% drop in subscribed premiums for 2009, to 486.64 million lei, whereas claims increased 4.8%, to 409.51 million lei, according to preliminary data published by the...

Last week, the revenue and expense budgets of several of the divisions of the Romanian Railways Company were published in the Official Gazette.

"Coca-Cola" Co., the world"s largest soft drink maker, wants to buy Russian beverage maker "Nidan Juices", to expand its portfolio in the country.

Romanian car manufacturer "Dacia", yesterday officially launched he new model of the company- the SUV dubbed "Duster" - in the presence of the multiple French Formula 1 champion, Alain Prost, who said that "the new Duster...

In their rush for European funding, an increasing number of local administrations resort to unusual methods to come up with the money needed for co-financing projects based on European funding.

The Romanian National Bank yesterday posted the lowest Leu-Euro exchange rate since January 2009, with the European currency dropping to 4.0801 lei.

Almost 4,200 insolvency cases were opened in the first two months of 2009, up from 2,800 in the similar period of 2009, said Arin Stănescu, the chairman of the National Union of Insolvency Practitioners (UNPIR), at the international conference...

Chinese company "Henan Zhongfu Industrial" Co. Ltd., a subsidiary of Dutch group "Vimetco" NV - owner of "Alro" Slatina, will enter a joint venture with "Chalco Henan Aluminium Fabrication" Co. Ltd., part of the...

Romania"s banking system, faithfully mimics the economy and its major players, says Nicolaie Hoanţă, who has now gone back to his career as a university teacher, after leaving his position as chairman of Banca Comercială Carpatica.

Interview with Head of Economic and Commercial Office Embassy of Italy in Bucharest, Mr. Carmelo Barbera

"Deutsche Bank" AG, Germany"s largest bank, has posted a net profit of EUR 4.95 billion last year, after posting a loss of 3.9 billion Euros in 2008, thanks to the performance of the corporate and investment banking division.

The receiver of KD Life Asigurări, appointed by the Insurance Surveillance Commission, will focus on helping the company recover by raising funds for a share capital increase from its main shareholders, or from another shareholder that is...

The board of administration of Braşov-based drug distributor "Ropharma" has summoned the General Shareholders" meeting in Iaşi, on April 15th.

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.

This year"s economic growth could be 1.3%, provided there are no turbulences on the international markets, Finance Minister Sebastian Vlădescu said yesterday.