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The austerity measures are needed to win back investor confidence and ensure a return to economic growth, said the chairman of the European Commission, Jose Manuel Barroso.

"Romcab" Târgu Mureş plans to expand, using an investment program of 49.5 million lei which its shareholders approved this week.

The level of overnight deposits with the European Central Bank rose to a record yesterday as the sovereign debt crisis made banks apprehensive of lending to each other, according to Bloomberg, as quoted by Agerpres.

While visiting the Bran estate, the archduke Dominic of Habsburg says that he is waiting for bids for the Castle of Bran, including from the Romanian state.

The Romanian soccer clubs have once again dodged the bullet of financial collapse.

The management of the Proprietatea Fund yesterday vehemently criticized the decision of the Central Depository to raise the commissions it charges for transactions involving shares of the Fund, and it announced it is considering the avenues of...

The vice-president of the Romanian Chamber of Commerce and Industry (CCIR), Nicolae Ţucunel, yesterday said he no longer trusts the government, after two ministers "nonchalantly" announced that "they lied during the electoral campaign...

Belgian group "Delhaize", which operates the "Cora" hypermarket chain in Romanian, yesterday acquired the assets located in the Civic Center of the city of Braşov, which previously belonged to "Hidromecanica".

The austerity measures that our authorities announced in order to cut budget spending have messed up the estimates of the National Prognosis Commission (CNP) concerning the poverty rate in Romania.

More than one third of the companies which entered liquidation or those that temporarily suspended their operations over the last two years did not do any business in 2008 or didn"t even meet their legal requirements of filing their balance...

The Romanian soccer league and the real estate market are similar in many respects, because in theory, the sum of their parts is worth a lot more than their parts considered separately.

The prospectus for the IPO of the Bucharest Stock Exchange (BSE) mentions the plot of land with a surface of 575 sqm, located at 44-46, Mareşal Averescu Boulevard, which has been recorded as a "tangible asset", but it does not specify...

"Piraeus Bank" Romania ended the first quarter of 2010 with a gross profit of EUR 10.3 million, a significant increase over last year"s similar period, according to the press release.

The management of "Uzinsider", one of the biggest domestic exporters of industrial equipment, is considering listing "Promex" Brăila on the stock exchange, after Promex was delisted from the Rasdaq market more than six years ago.

The shareholders of "Realitatea Media Barter Deals" - businessman Sorin Ovidiu Vântu and consultant Mihai Craiu - recently decided to extend the duration of their business, until mid-may 2011.

The significant drops experienced by most stocks on the Bucharest Stock Exchange in May have encouraged SIF "Moldova" (symbol:SIF2) to continue its stock acquisitions, by acquiring 660,000 shares of Banca Transilvania (symbol:TLV), at an...

Fitch ratings firm last year revised its ratings for the Mayoralty of Braşov from negative to stable and affirmed its ratings for long terms loan denominated in foreign currencies and in lei to "BB+/BBB-", to reflect the balance of its...

"Arcelor Mittal Holdings", part of the largest metallurgic group in the world, has acquired 0.0895% of the stock of "Romportmet" Galaţi, paying 206,000 lei as part of a public takeover offer which lasted between April 7th and May...

One of the most important investment projects in Romania - "Airbus" - , will be completed in October, when production of the first Romanian-made Airbus parts is scheduled to begin.

Assets of the explosives producer "Rom-arm Făgăraş" will be auctioned off on June 8th by the court appointed liquidator, Info-Dip Insolvency Braşov.

"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.