15 feb 2012

The Anti-Counterfeiting Trade Agreement (ACTA) could turn Romanian Internet service providers (ISPs) into "the Internet police" and will "burden" the budgets of telecom operators, said Mihai more

15 feb 2012

The heads of management authorities in charge of drawing EUR19.7 billion in EU funds come with different arguments when it comes to explaining why no payments were made in January: some say either the more

15 feb 2012

Most analysts estimate the economy slowed down in the fourth quarter of last year as a result of the significant deterioration of the industry growth rate amid a slowdown of western economies, but more

15 feb 2012

Lending granted by non-bank financial institutions (NBFIs) included in the special register of the Romanian central bank narrowed by 14% in the past two years and reached 29.4 billion lei (EUR6.7 more

14 feb 2012

Romanians remain pessimistic about the country’s economic outlook for the next twelve months, but consumers are more inclined to open their purses than they were in the second half of 2011, a survey more

14 feb 2012

Money market interest rates, which are used as reference for loans in lei have fallen significantly since the beginning of this year because of excess liquidity, and this is starting to be felt in the more

13 feb 2012

Almost one hundred laid off workers in the mining sector protested Monday in front of the national coal company CNH Petrosani, disgruntled that they did not receive the third tranche of the severance more

10 feb 2012

The Romanian pharmaceutical market reached EUR2.55 billion in 2011, up 11.5% on the year, according to market research company Cegedim. Sales of drugs rose by almost 30% in the fourth quarter of 2011, more

9 feb 2012

Romania’s trade deficit widened slightly to EUR9.72 billion in 2011, from EUR9.53 billion a year earlier, the country’s statistics institute INS said Thursday. more

9 feb 2012

The total number of computers (desktops and laptops) sold in Romania in the fourth quarter last year was approximately 211,000, down by more than 5% on the similar period a year before, according to more

8 feb 2012

The European Commission's interim report on the Cooperation and Verification Mechanism (CVM), published Wednesday, appreciates Romania's progress in reforming the justice system, making special note more

8 feb 2012

Romanian power output inched up 1.6% on the year to 23.45 million tons of oil equivalent in 2011, on higher production in most sectors, official data showed Wednesday. more

8 feb 2012

Romanian industrial sales rose 15.6% in 2011 from a year earlier, fueled by increases in all sectors, the country’s statistics institute INS said Wednesday. more

8 feb 2012

Alfred C. Toepfer, the second leading grain trader on the local market, will increase its grain storage capacity in Giurgiu (southern Romania) to 66,000 tons, said market sources. more

8 feb 2012

Fashion retailers C&A and New Look are pursuing last year’s fast expansion and have planned more than ten store openings this spring in several Romanian cities outside capital Bucharest, where they more

7 feb 2012

Romanian central bank governor Mugur Isarescu Tuesday warned commercial lenders that their policy to increase interest rates on deposit facilities in a move to reduce their dependency on foreign more

7 feb 2012

Romania’s leu edged lower against the euro by midday Tuesday and the central bank’s reference weakened to 4.3483 units, from 4.342 units a day earlier. more

7 feb 2012

The Government announced that it would be possible to set up a firm in three days, but this has been proven wrong by reality. In fact it takes at least a week to gather all the paperwork and another more

6 feb 2012

Romania’s government debt relative to the gross domestic product fell to 33.3% at the end of the third quarter in 2011, from 34.3% of GDP a quarter earlier, official data showed Monday. more

6 feb 2012

The Boc Government has taken good measures as well, but many of them came too late and were not well enough communicated, and the resignation will defuse the social and political tension, according to more

6 feb 2012

Romania's central bank (BNR) has managed, by easing its monetary policy, to make loans cheaper in December than in previous months, but interest rates are still above the level recorded at the end of more

3 feb 2012

Romanian natural gas consumption is expected to drop by around 2.5 million cubic meters a day over the weekend, due to lower activity in the industry, the Economy Ministry said in a statement Friday. more

3 feb 2012

Romania wants to tap again the US debt market, following a successful 10-year bond sale earlier this week, Finance Minister Gheorghe Ialomitianu said Friday. more

3 feb 2012

Romanian Finance Minister Gheorghe Ialomitianu on Friday said the Government has no intention to reduce the value added tax, including for food products, adding the reduction of social security more

3 feb 2012

Romanian state-owned hydropower producer Hidroelectrica is negotiating direct sale contracts for a 20%-25% increase in delivery prices and a 10%-20% decrease in volumes delivered, the company’s more