Romanian President Traian Basescu said on public television Sunday evening Romania has no reason to state an official position on Libya and will only act under the NATO umbrella. read more...

The European Parliament decided to launch an investigation following the information in the daily British Sunday Times revealing that three MEPs including Romanian Adrian Severin declared willing to “sell their services” in exchange of up to 100,000 euro/year to some undercover journalists pretending to be lobbyists. read more...

Operators in the Romanian tourism industry will have to keep accommodation units on the Black Sea shore open throughout the entire summer season, from May 1 to October 1, and rehabilitate the units, the Government decided in a Cabinet meeting Sunday. read more...

About 70% of tourists who bought holiday packs at the Holiday Market tourism fair, which took place between March 17 and 20 in Bucharest, chose foreign destinations, Romania’s National Agency of Tour Operators (ANAT) said in a press release Monday. read more...

The residential markets in Bucharest and Sofia will not be able to make a complete recovery this year, while Warsaw and Prague will be the most attractive locations in the Central and Eastern Europe, Polish real estate company REAS said in a survey compiled in partnership with Jones Lang LaSalle. read more...

The Romanian renewable energy segment should draw investment of at least EUR5 billion in the next period, according to the Foreign Investors Council, or FIC. read more...

Anti graft prosecutors decided on Monday to start an investigation on the possible corruption case involving Romanian MEP Adrian Severin, following the lobby scandal revealed by the British daily Sunday Times involving the Romanian MEP, anti graft prosecutors’ spokesperson Livia Saplacan announced. read more...

Romanian train and subway ticket prices will be changed through an order of the minister of Transport, not according to inflation, to improve the liquidity of the responsible state-run companies. read more...

The flat tax and VAT will be maintained this year at their current levels and certain changes could be analyzed only for the future, Romanian PM Emil Boc declared on Monday answering a question related to the intentions of the government to cut flat tax, Romanian news agency Mediafax informs. read more...

Tarom and Airbus companies, together with a consortium of partners will develop a production and processing network of sustainable biofuel for air transport whose center will be in Romania, a press release of the airline giant reads. Airbus does not offer any details regarding the value of the investment. read more...

Fourteen of the 76 companies listed on the main market of the Bucharest Stock Exchange (BSE) have so far announced they would disburse dividends from profits derived last year and at least another three companies are due to make such announcements, with the total value of sums awarded to shareholders going beyond 1bn lei (247m euros), according to ZF calculations. read more...

Omniasig, the third largest insurer on the market, controlled by Austria's Vienna Insurance, last year derived gross income worth 21.8m lei (5.2m euros), down 58% from 2009, according to preliminary figures. The result is in line with IFRS. read more...

Eight wind power projects have signed contracts to connect to the grid since the beginning of the year, with a new giant farm receiving the green light after the 600-MW project of the Czechs at CEZ - the investment of Spain's Iberdrola, which, after this stage of approval, can start construction work. read more...

One week before the launch of H&M in Romania, on the streets, in the underground, in magazines and on TV, the name of the Swedish retailer and the pictures of model Gisele Bundchen, the face of the latest H&M collection, are increasingly present. read more...

The leasing industry has seen a significant increase in fraud cases on the auto segment lately, with many companies discovering that many cars had "simply vanished" and starting to look for them across Europe with the help of the Police, says Antoaneta Curteanu, CEO of UniCredit Leasing, the biggest leasing company in Romania. read more...

Around 20,000 companies with financial difficulties will be able to reschedule their tax payment obligations over a period of up to five years. The Government adopted an emergency ordinance on Sunday that regulates the rescheduling of payment obligations, over a period of a maximum of five years, for companies with financial problems, conditional on setting up guarantees and on paying day-to-day debts, the instalments and the interests due over the rescheduling period. read more...

American IT giant Hewlett Packard says it will reach 3,600 employees in Romania at the end of the year and if demand on foreign markets rises, the company could open a second services centre somewhere other than in Bucharest. read more...

A few months before the state is set to sell 9.84% in Petrom on the stock exchange, the company's shares have exceeded 0.4 lei. read more...