Estimations show the Romanian GDP dropped by 1.2% in 2010 as compared to 2009, less than the 1.8% drop expected by EFG Eurobank and other entities on the market, while on seasonally adjusted data the GDP grew by 0.1% in Q4. read more...

Romanian telecom company Romtelecom signed last week a contract to take over the subscriber base and other actives of DTH Television Grup, the owner of digital satellite television Boom TV, for which it offered 8 million euro, Adrian Lotrean, partner at Transilvania Insolvency House, the judicial administrator of the company, told HotNews.ro. read more...

Employers are allowed to have up to three successive employees on limited period work contracts, each no longer than 12 months, unless extended for the duration of project's development with the parties' written consent, says the amended Romanian Labor Code. read more...

The Romanian Government on Monday eliminated from the draft Labor Code a provision whereby companies which reduce or temporarily cease their activity may put their employees on unpaid leave, with the prior notice of the local union. read more...

Employers using more than five people without work contracts will be punished by 1-2 years in prison or a criminal fine, will be denied state aid and EU funds and will be forbidden from taking part in public procurement auctions, says the amended Romanian Labor Code. read more...

Romanian employees who committed disciplinary infractions will be rehabilitated after a period of twelve months, according to an amendment to the Labor Code approved by the Government Monday. read more...

Romania's Government has decided to forbid collective labor contracts valid until later than December 31, 2011, as per the amended Labor Code, approved on Monday, which will be adopted through a vote of confidence in Parliament on March 8. read more...

Mountain rescuers in Busteni, central Romania, warned Monday that avalanches are likely to occur at high altitude in the Bucegi Mountains, as the new layer of snow might be pushed down by the ice underneath it. read more...

The General Council of Bucharest City approved on Monday the city budget for 2011, cutting 235 million lei from the amount reserved for the Lia Manoliu stadium and for the funding of major urban development projects, including the suspended highway proposed by Mayor Sorin Oprescu. read more...

The Government is changing the Labor Code so that Romanians find better paid work more easily, Romanian PM Emil Boc said on Monday. read more...