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IMF can disburse both tranches cumulated, but costs will be higher

The International Monetary Fund is likely to disburse both next two tranches of its EUR13 billion loan to Romania mid-March, according to IMF representative [... more]

Romania’s public debt has reached 28.2 % of the GDP

Romania's public debt went 27.6 % up, on September 30, reaching 140.09 billion lei, that is 28.17 % of the gross domestic product (GDP) estimated for the [... more]

Reference exchange rate to reach 4.28 lei/EUR

Today's reference rate of exchange settled by the central lender NBR lowered to the steepest level of the past six weeks and the leu remained below the [... more]

Fighting against life

Romanians diagnosed with cancer need a lot of luck, since the support fails to appear. They have to face medicines’ high prices and the system’s red tape. [... more]

Subway traffic to be resumed in Bucharest

Subway employees resumed their activity, at 4 p.m., after the strike between 5.00 a.m. - 4 p.m., as a consequence road traffic being seriously affected, in [... more]

New Dacia Duster, first time revealed in public

Dacia presented today the new SUV model Duster, made in Mioveni factory. This is the first time this version appears in public. Dacia has planned a [... more]

10th edition of real fair brought no discounts or new offers

The cheapest property for sale in the 10th edition of the National Real Estate Fair is a EUR 34,900 one-room flat. The flat belongs to Fortuna Residence [... more]

“Helen” space rocket to be launched in 2010

The rocket's modules had been taken out of the ship and transported into a TIR to the Romanian Aeronautics and Cosmonautics Association (ARCA), in Ramnicu [... more]

Guarantee Fund has approved 8,000 “First Home” folders

The National Loan Guarantee Fund has received, so far, over 8,300 guarantee requests of “First Home” program, almost 8,000 of them being approved. The value [... more]

Chaos in Bucharest: subway to stop working btw 5 a.m. - 4 p.m.

Metrorex employees will go on a general strike on Tuesday, November 17, protesting wage raise claims, which have been rejected after today's negotiations. As a [... more]

World Bank: 2010, a difficult year for international economy

Next year, world economy will face a high unemployment rate in the developed countries, a protectionism coming back and the risk or some stock market and real [... more]

Eastern European countries go out of recession, but not Romania

While neighbor countries have taken drastic measures to revive economy, Romania takes populists decisions, in full electoral campaign, deepening even more [... more]

Videanu: Flat tax and VAT will not grow in 2010

The level of the flat tax and the value added tax will not increase in 2010 in Romania, as any increase in taxation would be “an error,” acting Economy [... more]

Pogea says in 2010 investments will receive 7 % of GDP

2010 budget will allocate 7 % of GDP, or 20 % of the public sector spendigs, for investments, same as in 2009, according to the interim minister of Finances, [... more]

Ceausescu, forced to thumb a ride

Humiliation: Ceausescu spent 23 minutes waiting for a ride in plain field, near Salcuta. Left in a barley field by the presidential helicopter, Ceausescu [... more]

National currency to a reference rate of exchange of 4.2952 lei/euro

Reference exchange rate settled by the central lender BNR went 0.02 % down to 4.2952 lei / euro, following leu currency's slight increase in the first part of [... more]

EBRD: Romanian will have a 1 % economic growth in 2010

EBRD estimates that Romania will register a 1 % growth in 2010, but unemployment claims will continue to grow, considering the Romanian companies are not [... more]

Traian Basescu: “I’m ready to name a third prime minister, if necessary”

The Romanian President Traian Basescu stated on Tuesday that if the government formed by designated prime minister Liviu Negoita gets a no-confidence vote in [... more]

Petrom’s net pofit, balanced, considering economic crisis

The largest Romanian oil company, Petrom, reported, on Tuesday, a net profit of 615 million lei in the third quarter of the year, slightly down from RON626 [... more]

Swine flu cases to reach 1,000 in Romania

The number of swine flu infections in Romania reached 1,001, with 94 new cases confirmed in the last 24 hours, according to the National Center of Communicable [... more]

Romanian actor Gheorghe Dinica passed away among us

Trade deficit shrank by 61.4% in the first two months

Romania's commercial gap reduced by 58.5 % in September, comparative to last year's same month, to EUR 1.055 billion, as the decline of imports outpaced more [... more]

Negoita cabinet looks like the Executive proposed by Croitoru

Designated premier Liviu Negoita announced today, 5 p.m. the componence of the new Cabinet made up of 14 ministries, with only three ministers differing from [... more]

Yellow code for seven districts of South-Western Romania

Rain is expected countrywide during the interval Tuesday 1 a.m. - Wednesday 6 a.m. in the southern part of Romania. Tthe overall quantity of water will reach [... more]

Consequences of IMF decision to postone 3rd tranche

The Romanian state risks to be out of liquid money by the end if the year, in the context of IMF postponing the third tranche of the external loan. [... more]

IMF postponed the second loan tranche

IMG head in Romania, Jeffrey Franks, European Commission director Elena Flores and World Bank country director, Arntraud Hartmann, present the preliminary [... more]

Traian Basescu named Liviu Negoita for prime minister position

Romanian President Traian Basescu designated Liviu Negoita, the mayor of capital's district 3, for the function of prime minister. Negoita is the second [... more]

More than 100,000 unemployment claims in 2010

Unemployed claims will rise by about 100,000 within the following two months, reaching more than 725,000 jobless people, the leader of the Romanian industry [... more]

Milea was no hero – the general ordered the bloodshed from Timisoara

There are clues that the Army commander did not want to commit suicide, but only to get injured, to quit the scene. But, what is he had been killed? Not by [... more]

Lucian Croitoru lost confidence vote in the Parliament

The Romanian designated prime minister Lucian Croitoru lost the confidence vote in the Parliament Wednesday. His government was rejected by 250 lawmakers, [... more]

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