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"Romania is rather slow in its absorption of structural funds", said Sebastian Vlădescu, the Minister of Finance.

The official position presented by the Ministry of the Economy, helmed by Adriean Videanu, on the controversial issue of the European funds that Marmosim, controlled by the same Adriean Videanu, intended to raise is repeatedly contradicted by the...

Shareholders of Chimpex Constanţa, port operator, have empowered the Board of Directors of the Company to borrow up to EUR 6 million to support the company"s investment budget for 2010.

Prodplast Imobiliare, a spin-off of Prodplast Bucharest, is negotiating with the officials of the Bucharest Stock Exchange as well as with those of Sibex, a possible listing on the Alternative Trading System (ATS).

Production of "Danone" yogurt has begun in the company"s Bucharest factory in 1999.

French company "Lafarge" SA, the world"s largest cement maker, and Austrian construction company "Strabag" will merge their Central European operations in one company.

Businesswoman Camelia Şucu, is diversifying its businesses just as the crisis is in full swing. Her latest acquisition is the "Wholesale market" (Piaţa de Gros) of Bucharest, which it intends to modernize after she recently acquired it...

Another project of Camelia Şucu is the creation of a new oncology diagnosis center for the "Renaşterea" (ed. note: Rebirth) Foundation. This investment has already begun, but it is now being hindered by the Romanian state.

The strong depreciation of the leu in 2009 led caused the aggregated sales of the "Mobexpert" group to drop almost 115 million Euros, said Dan Şucu, the chairman of "Mobexpert".

"Alro" Slatina is negotiating a loan with the European Bank for Reconstruction and Development a loan to refinance its debt.

Starting Tuesday 25th, 2010, ING Pension Fund will change its name to ING Pensii Societate de Administrare a unui Fond de Pensii Administrat Privat (ING SAFPAP- ING Pensions Company for the Management of A Private Pension Fund), in order to align...

The Bucharest Stock Exchange yesterday had one of the worst days this year, after a mini-holiday when investors couldn"t trade, even though the foreign markets were active.

A big entertainment and sports complex is planned to be built at the location of the former garbage dump of the town of Voluntari, which will require an estimated investment of approximately EUR 80 million.

One of the shareholders of "Prodlacta", "Olimpus Dairy Industry", has sued the Authority for State Assets Recovery (AVAS), requesting that the latter be asked to sell 486,824 shares, which represent 27.13% of the increase of the...

"Royal Bank of Scotland" Plc (RBS) is close to announcing the sale of its European private equity fund to Dutch pension fund "Alpinvest", in a deal estimated at EUR 400 million, Financial Times says.

Pal Emeric, the man who was attacked in his home for fighting the logging mafia of Joseni, is now being sued after showing his face in public, after the assault that left him disfigured

The Romanian American Investment Fund (FRAI) missed its opportunity to get involved in its third Romanian bank, after microlender "Patria Credit" (controlled by FRAI and "Balkan Accession Fund") did not receive the banking license...

The situation at the National Land Administration (ANIF) is simply ridiculous: a former general manager which was sued by the ANIF itself for alleged prejudices was appointed a few days later on its Board of Directors.

Braşov-based "Roman", maker of trucks and buses, is at an advanced stage of negotiations with a foreign maker of tractor engines.

Hungarian oil company MOL Nyrt. announced a net profit of 24.3 billion forints (USD 108 million) at the end of Q1 2010, compared to the losses of 124.9 billion forints posted in last year"s similar period.

The bankruptcy of some of the customers of Rafo caused a loss of almost 3.95 million lei for the refinery Rafo.

"Boromir Prod" saw its profit grow three times in Q1 2010, from 1.4 million lei to 3.9 million lei, as turnover of the company dropped from 29.5 million lei to 28.3 million lei.

The European Parliament recently adopted, on its first reading, a position in favor of the proposal of the European Commission to amend the Regulation no. 1083/2006 of the Council, concerning structural and cohesion funds, in order to speed the...

Tens of thousands of unionists yesterday filled the Victoriei Square in Bucharest to protest the austerity measures announced by the government to fight the crisis.

Remarul 16 Februarie of Cluj Napoca saw its profit drop 14% at the end of Q1 2010, from 946,500 lei to 813,000 lei, while its turnover dropped 14.7%, from 37.05 million lei to 31.6 million lei.

The Council of the County of Cluj and the town of Feleacul have set up a partnership for the construction of two new industrial parks called Tetarom IV and Tetarom V.

Soccer club "Rapid Bucureşti" owned by businessman George Copos wants to take out a loan of 2.2 million Euros de la CEC Bank for the payment of its utilities, the wages of players and of arrears to the state budget.

Wages and pensions will be lowered beyond the productivity levels of the economy, the governor of the NBR, Mugur Isărescu warned yesterday.

"Roclip" Făgăraş, the only Romanian maker of dehydrated potato, beans, peas and soy flakes, posted losses of 375,149 lei in Q1 2010, after posting a profit of 5,034 lei in Q1 2009, as the company"s turnover dropped almost 50%, from...

This week, the European Commission (EC) could fine ten big memory chip makers companies, including "Samsung", "Infineon" and "Hynix Semiconductor", for illegal price fixing, sources close to the discussions claim, as...

Bank of Cyprus yesterday announced that it has requested the agreement of the NBR to acquire an additional 10% of the stocks of "Banca Transilvania", after buying 9.7% of Banca Transilvania on the stock exchange.

Aren"t we forgetting something?

"Dafora" Mediaş, a drilling and construction company, has ended the first quarter with a profit of 6.27 million lei, up over 40 times compared to last year"s result, of just 178,000 lei.

Turkish group "Dogus", which controls "Garanti Bank", and American "GE Money" have decided to merge their operations, after "GE Garanti Bank" received the license from the Romanian National

The current problems of the Government resulting from the need to cut budget spending increases the risks of banks, which, after being forced to cut the interest rate to match the policy rate, are now charging higher interest rates on government...

A company from Călan fails to get listed on the Frankfurt Stock Exchange, due to technical reasons beyond the control of its shareholders.

U.S. prosecutors and the Securities and Exchange Commission are cooperating in a preliminary criminal probe into whether banks misled investors about their participation in mortgage-bond deals, the Wall Street Journal said, citing anonymous sources.

Household appliances maker "Electroargeş" Curtea de Argeş, announced a profit of 1.88 million lei in the first quarter, after its turnover increased 50.7%, to 27.45 million lei.

The cut of the pensions and salaries comes from the fact that the IMF did not accept the rollover of debt, as practiced by the Romanian budget.

Spain in on the edge of social unrest.