Japan Tobacco International, JTI, announced on Friday its plans to shut down the factory in Austria by the end of the year and shift production to Romania or Poland, Kurier.at reports. The 240 employees of the factor in Hainburg will lose their jobs and another 80 in the Vienna administrative headquarters will be also fired. read more...

I believe that a solution to increase the efficiency of Termoelectrica, the thermal plant, represents to separate the good actives from the bad ones and transform the new company into a viable one that would offer best quality services, Mihai Tanasescu, member of the IMF board declared in an online meeting with HotNews.ro readers. read more...

Consumption prices increased in April by 0.5% while the annual inflation rate was 8.2% according to an average of opinions expressed by the members of the financial analysis’s association. read more...