SIF Transilvania ended the year 2010 with a net profit of 66.9 million lei, cu 43% below the profit made in 2009, of 11.6 million lei, as the company"s revenues dropped 28% during the reviewed period, from 170.3 million lei to 121.5 million lei. read more...

Oil Terminal Constanţa nearly tripled its profits compared to 2009, according to the financial statement sent to the Bucharest Stock Exchange. read more...

Romania’s adhesion to Schengen will not be postponed because of Bulgaria, Bulgarian Parliamentary Foreign Relations Committee President Dobroslav Dimitrov declared in an interview for Romanian news agency Agerpres. read more...

Social Democrats threaten to submit a motion of censure after the Hungarian Democrats congress The Social Liberal Union, comprising the Liberals, Social Democrats and Conservatives plan to submit a motion of censure after the Hungarian Democrats congress scheduled for the end of February or after the congress of the Democratic Liberal Party, Social Democratic Vice President Constantin Nita told RFI. read more...

Romania’s GDP in the fourth quarter for 2010 was in real terms, higher than 0.1% than in the third quarter in 2010. Compared to the last quarter in 2009, the GDP registered a 0.6% decrease on gross series and by 0.5% on adjusted series. read more...

An analysis on the financial situation over the last 10 years of the railway state companies revealed an increase of their arrears by 2,248%, a press release of the Transports ministry reads. read more...

Higher Court of Justice magistrates rejected on Wednesday the appeals of 15 customs and police officers from Moravita customs against the preventive arrest decision issued by Bucharest Appellate Court, news agency Agerpres reports. read more...

Romania’s economy will marginally grow this year by 0.1% Oxford Economics estimates read, quoted by Romanian news agency Mediafax, revising thus previous estimates which saw a 1% contraction. The institution reveals however that the main economic growth factor, exports, is in the same time vulnerability if EU demand decreases. read more...

After a meeting with President Basescu, Democratic Liberals show signs that they are ready to accept an independent Prime Minister. HotNews.ro sources claim that on Tuesday night, at a meeting with Basescu local party organization leaders voted in favor of an independent Prime Minister for the beginning of March. read more...