Romanian President Traian Basescu said Sunday evening the Supreme Court’s ruling on military pensions must be observed and the recalculation process is suspended. read more...

Romanian President Traian Basescu was met with boos Monday morning in Iasi, eastern Romania, where he is attending celebrations of the 152-year anniversary of the Unification of Romanian principalities. read more...

GE Energy, one of the most important companies in the renewable energy sector, will team up with Monsson Alba, developer of wind farms, for two new projects in Romania, which will add 35 MW of wind power to the national grid, reads a GE’s press release. read more...

Higher fuel prices will have tow main effects on Romanian drivers, who are expected to use their cars less and get cars that are more fuel-efficient, Brent Valmar, vice-president of the Romanian carmakers and importers association (APIA), said Monday. read more...

About one thousand Romanian military retirees gathered on Monday in the George Enescu square in capital Bucharest, protesting over the recalculation of military pensions, and left in a protest march to the Military Academy. read more...

Members of Romania’s ruling coalition decided Monday the Government should pass an emergency decree extending the deadline for the recalculation of military pensions until December 31, 2011, MP Kelemen Hunor told Mediafax. read more...

Romanian opposition Liberal Party president Crin Antonescu on Monday told a joint news conference with social democrat leader Victor Ponta that his party’s Standing Delegation will vote on forming a political alliance with the Social Democratic Party on February 5. read more...

Members of Romania’s ruling coalition decided Monday the Government will back changes to the local election law to allow for mayors to be elected in a single round of elections, Culture Minister Kelemen Hunor told Mediafax. read more...

Romania’s follow-up agreement with the International Monetary Fund will comprise several key requirements meant to rein in the budget deficit and boost the economy, including a better management of the large state-run companies, people close to the negotiations said Monday. read more...

International Automotive Components Group, IAC, one of the main suppliers of car parts for Ford Motor Company will invest 58 million euro in a factory at Bals, Olt county. read more...

Romania’s planned follow-up deal with the International Monetary Fund might not include a new agreement with the parent banks of the country’s top largest lenders, as the mother banks are maintaining their exposure at sufficiently high levels, people familiar with the negotiations said Monday. read more...

The European Bank for Reconstruction and Development Monday revised upward its forecast for Romanian economic growth to 1.1% in 2011, from 0.9% previously, citing slightly improvements over recent months. read more...

Romanian pig breeders say pork contaminated with dioxin, a carcinogen, may have made its way into Romania from Germany and ask that imports from this country be stopped. read more...

The third large private hospital of Bucharest, Sanador, will deliver the first consultations in early February, when the official opening is also scheduled. read more...

At the end of 2010, Romania had 694 modern format stores - cash&carry, discount stores, supermarkets or hypermarkets, over 100 stores more than at the start of the same year, shows a ZF survey based on information provided by MEMRB market research firm. read more...

Fondul Proprietatea (Property Fund- FP), the biggest political project of the last decade, is listed on the Bucharest Stock Exchange today. Has it been worth it or not for the state to give up stakes in some of its most valuable assets to compensate former owners? read more...

The Israelis at Honigman&Sons Fashion, who hold TNT stores on the Romanian market, and the Turks at Ipekyol, who hold the stores by the same name, filed for insolvency in the past few days, after Leonardo, the biggest footwear retailer in Romania, was the first fashion retailer to reorganise back in 2009. read more...

Alico (formerly AIG Life), the third-largest life insurer on the Romanian market, settled 60% higher claims last year than in 2009, when the value stood at 11 million RON (2.6 million euros), according to the company's preliminary financial data. read more...

European funds for human resources could be the first European money to run out, considering that hundreds of companies and NGOs have signed contracts worth 80% more than the amount allocated until 2013. read more...

Real estate investor Bluehouse Capital, one of the major office space owners in Bucharest, paid nearly 10 million euros for the land and the 8,300 square-metre building of the Praktiker store in Craiova, in this year's first real estate transaction, according to ZF information. read more...