The state will commit to use international human resources companies to recruit the future managers of some state owned companies that register debts. This will be included in the intent letter that the government will sign with the IMF, governmental sources declared for HotNews. read more...

Romania’s President Traian Basescu sent on Monday a message on Europe’s day in which he underlines Romania’s interest to see a strong EU, politically and economically. The EU has 27 member states with a total population of half a billion citizens that benefit of rights and share common responsibilities, the letter reads. read more...

The decrease in social contributions will be most probably discussed next week in the governing coalitions, Hungarian Democratic President Kelemen Hunor declared on Monday for news agency Agerpres. He said that both UDMR and other governing parties endorse a decrease of social contributions if the measure will be sustainable. read more...

The 2015 deadline set by Romanian authorities to join the euro zone is a mobilizing factor, President of the EC Representation in Romania, Niculae Idu said in an interview for RFI Romania. The official added that joining the euro zone would bring about more benefits than concerns. read more...

IMF talks with the Economy ministry presented a new reorganization formula for the energy sector. Therefore, instead of two energy giants, Electra and Hidroenergetica two smaller companies will be created that will group units in thermal plant industry with the mining industry. read more...

An invention of Romanian doctors at Sf. Ioan Hospital in Bucharest, awarded with a golden medal at the International Exhibition of inventions at Geneva through which the man’s own body is used for dialysis is still seeking sponsors even though it could cut treatment prices by ten times. read more...

102,870 new labor contracts were signed in a week since the new Labour Code was enforced following controls to counter illegal workers, PM Emil Boc announced on Monday in a press conference organized at the Labor Ministry. read more...

Floorboard market players are hoping for a two-digit increase for the sector this year amid signs the constructions market will improve. Egger, Kronospan and Barlinek are among the biggest players on the market, dominating the industry. read more...

Romgaz Mediaş, the only natural gas producer controlled by the Romanian state, posted an over 70 million-euro net profit in the first three months of the year, a significant rise against the similar period of 2010, although the company's production and sales fell. read more...

BCR, the biggest bank on the Romanian market, has seen daily applications for consumer loans double in the six weeks since launching a campaign to promote leu-denominated funding with a fixed 12.5 % a year interest rate and a maximum deadline of 10 years, to 2,000-2,500 applications, totalling around 75,000, says Dominic Bruynseels, the bank's CEO. read more...

The IMF says the probability of recession returning to Romania this year is very low and expects economic results will confirm the return of growth. read more...

Sales of smartphones, mobile phones that allow users to surf the net, send emails, run games and listen to music, have surged, currently making up a quarter of Vodafone's mobile phone sales, says Andrei Oltei, terminal manager within the company. read more...

The Finance Ministry controlled by PD-L (Democratic Liberal Party) has brought CEC into the undesirable situation of the NBR rejecting two managers nominated by the shareholder. read more...