H&M, the world's largest clothing retailer, announces that it plans to enter the Romanian market in full force this year, by opening its first Romanian stores in the retail centers. read more...

Romanian gross domestic product per capita is bound to remain below the 2008 level until 2013 or 2014, according to estimates of Coface ratings agency. read more...

Romania fulfilled and continues to fulfill its obligations assumed for joining Schengen and there is no clue that, once it joined, it would general risks regarding illegal immigration, Romanian President Traian Basescu declared on Thursday in a meeting with accredited Ambassadors to Bucharest. read more...

Romania wants to conclude negotiations with the USA on the missile defense system in 2011 and the U.S. remains a strategic partner and Romania's main security ally, President Traian Basescu said Thursday during a meeting with ambassadors of EU countries. read more...

Porn sites in Romania must ensure any adult content is accessed solely by adult users and are obliged to check user’s age before allowing access, according to a bill the Government approved Wednesday, people close to the matter told Mediafax Thursday. read more...

The number of insolvent Romanian companies will continue to grow this year, because the economic environment is still not “stimulating” enough, according to Coface Romania. read more...

Romania will attempt to introduce postal voting, to help Romanians abroad express their political option, and will increase the number of programs meant to strengthen the diaspora's attachment to the home country, President Traian Basescu said Thursday in a meeting with ambassadors of EU states. read more...

The Romanian Economy Ministry proposes setting the maximum number of employees at companies operating in the defense field to 1,774 this year, 7% higher compared to 2010, and increasing the salary fund allotted to the sector by 7.7%, to 37.7 million lei (EUR1=RON4.2671) from RON35 million. read more...

Several scenes of Batman 3 – The Dark Knight Rises, directed by Christopher Nolan will be shot in Bucharest, in several areas, Bucharest mayor Sorin Oprescu confirmed, quoted by Romanian news agency Agerpres. read more...

Bucharest’s historic center will be second most beautiful location in Europe, after Prague once modernization works will be finished, Bucharest mayor Sorin Oprescu declared, quoted by Romanian news agency Agerpres. read more...

Germany reaffirms its opposition against Romania and Bulgaria’s adhesion to Schengen within the EU, German Interior minister declared, quoted by AFP. The two governments struggled a lot to accomplish all technical requirements to join Schengen and they deserve praises for that, Thomas de Maiziere declared. read more...

Romanian state-owned railway passenger carrier CFR Calatori reported a 5% drop in traffic in 2010, to 58 million passengers, from 61.07 million, while the state's subsidy was raised by 4%, to 1.15 billion lei (EUR1=RON4.2626), according to the company's preliminary results. read more...

Romania is to become the 19th member of the European Space Agency (ESA), as an agreement of accession to the ESA Convention was signed Thursday, in the presence of Foreign Minister Teodor Baconschi and cosmonaut Dumitru Prunariu. read more...

If an investor had placed an amount evenly distributed in 12 of the most liquid and longest enduring shares in the 1st tier of the Bucharest Stock Exchange between 1999 and 2002, the value of shares in the portfolio would have increased more than 38 times by the end of last year and 31 times in real terms, according to a ZF analysis based on data supplied by Intercapital Invest. read more...

"Mămăliga din Orientul Mijlociu" ("Middle East Polenta") that is the title chosen by Shachar Shaine, the former head of Tuborg Romania, for his speech delivered at the luxury Loft restaurant in Bucharest, held by a businessman closely connected to the beverage industry, Pepe Berciu, on Wednesday night. read more...

With or without the IMF and the EU, Romania had to first rectify the mistakes of the years of economic boom, and the economy could not be stimulated during the time of recession as were those of other countries because its fiscal reserves ran dry prior to the onset of the crisis, says Mihai Tănăsescu, Romania's representative with the IMF. Under the circumstances, the return to growth of the economy has been put off until 2011. read more...

RWE (Germany), GDF SUEZ (French-Belgian group) and Iberdrola (Spain) have abandoned the 4 billion-euro project entailing the development of reactors 3 and 4 of the Cernavodă nuclear power plant, after last year saw the Czechs at CEZ withdraw from Romania's biggest investment project in the past 20 years. read more...

Banks with a riskier financial situation compared with that of other players should contribute more to the Banking System Deposits Guarantee Fund (FGDB), believes Eugen Dijmărescu, general manager of the institution. read more...

The overall average costs entailed by using the car, the taxes and insurance for a new car amount to at least 124 euros per month, i.e. close to Romania's minimum wage, in the case of a Dacia Logan model with the weakest engine, and can exceed 800 euros for the owners of saloon cars such as Mercedes, a sum that can cover rent of a three-room luxury apartment in central Bucharest, shows a ZF survey. read more...

By recalculating the 25,000 military pensions, the Government spends 8% more than it did before the recalculation, according to ZF calculations. read more...