Romania’s trade deficit narrowed to EUR186.2 million in January, from nearly EUR473 million in the year-earlier month, the country’s statistics institute INS said Monday. read more...

Romania’s commercial deficit decreased in January 2011 by 60% to 186.2 million euro from 472.9 million euro in the same month in 2010, Romania’s National Statistics Institute reports. The decrease of the commercial deficit was mainly caused by an increase of exports to the imports. read more...

President Traian Basescu’s statements at the recent EU Summit on Libya triggered a new nervous breakdown of Nicolas Sarkozy, determining Angela Merkel to call for calmness, EUObserver reads, quoting unidentified sources. read more...

Romania’s leu traded in ranges against the euro in mid session Monday and the central bank’s reference firmed nearly 0.5% on the day to a fresh 10-month high at 4.1843 units. read more...

Romania’s fiscal administration agency received a list of about 80,000 operations on the Swiss bank accounts made in the last four years by about 50 Romanian citizens and a new set of data is expected from the US, sources close to the financial – banking system declared for HotNews.ro. read more...

Romania's Government has transferred around EUR90 million to local authorities, for infrastructure development projects and the construction of sports centers in rural areas, with most of the money going to units administered by the ruling Democratic Liberal Party (PDL). read more...

Romania's current account deficit narrowed 86.5% to EUR15 million in January, from a gap of EUR111 million in the year-earlier month, as the trade balance turned to surplus, central bank data showed Monday. read more...

Romanian state-run subway company Metrorex signed a EUR215 million contract with a consortium led by Italian company Astaldi for the construction of Raul Doamnei- Eroilor sector of Bucharest’s new subway mainline. read more...

The Romanian currency has left behind the turmoil generated by the catastrophe of Japan and yesterday reached new highs against the euro and the dollars, returning thus to last spring's levels. read more...

Radu Hanga, general manager of BT Asset Management and manager of the biggest equity fund domestically, expects SIF shares to outperform Fondul Proprietatea (FP) ones, driven by the economy rebound. read more...

Farmaciile Dona, one of Romania's biggest pharmacy networks, controlled by Romanian entrepreneurs, contracted a 10m-euro loan from BCR for its working capital. read more...

Romania's trade deficit fell 60% in January against the first month of last year, to 186.2 million euros, as a result of a much more significant rise of exports against that of imports, according to data from the National Statistics Institute (INS). read more...

Telecom operators in Romania are ready to invest more in service networks this year, feeling that the worst of the crisis is now over and that companies and consumers are starting to loosen up their budgets, says Michele Gressani, CEO of the local subsidiary of the world's largest telecom equipment producer, Swedish-held Ericsson in an interview to ZF. read more...

Finnish group Tornator, which holds 12,000 hectares of forest in Romania, has bought a further 500 hectares in Buzău county, in the first major transaction involving forests this year. read more...

Mandatory pension funds (pillar II) managed 4.7 billion lei (1.1 billion euros) in assets at the end of February, 4% more than in the previous month and almost 2 billion lei more than in the corresponding period of last year, reveal the data of the Private Pension System Supervisory Commission (CSSPP). read more...

British-Cypriot professor Christopher Pissarides says unless Romania wants to end up in a similar position to Spain, where youth unemployment is 43%, it needs to make the labour market more flexible by using temporary employment contracts. read more...