The restructuring of Romania's mining sector will continue until 2018 and no mines will be closed during this interval, Prime Minister Emil Boc said Monday. read more...

Romanian state-owned companies with losses will be divided in three categories, namely those to be restructured, those to be privatized and those to be liquidated, said Romanian Prime Minister Emil Boc at the completion of negotiations with the International Monetary Fund. read more...

Romanian consumer prices are exposed to upward pressure from international food and oil prices, central bank governor Mugur Isarescu said Monday. read more...

At the end of last week, an engineer and four electricians aged between 36 and 41 were killed in the latest accident that has occurred in a mine of Romania, whose closure had been under discussion for almost a year. read more...

PM Boc invited Chinese businessmen to invest in Romania in a series of projects that will be conducted in a public-private partnership, like the Comarnic Brasov highway or the Sibiu – Pitesti highway. The offer was launched during a meeting between the PM and representatives of the Chinese state, to mark the new Chinese year. read more...

The conclusion of the World Bank’s review mission on Romanian economic and fiscal progress under a EUR20 billion international bailout will not prompt a revision of the country’s growth forecast for 2011, an official of the World Bank said Thursday. 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...

With or without the IMF and the EU, Romania had to first rectify the mistakes of the years of economic boom, and the economy could not be stimulated during the time of recession as were those of other countries because its fiscal reserves ran dry prior to the onset of the crisis, says Mihai Tănăsescu, Romania's representative with the IMF. Under the circumstances, the return to growth of the economy has been put off until 2011. read more...

Romanian gross domestic product per capita is bound to remain below the 2008 level until 2013 or 2014, according to estimates of Coface ratings agency. read more...

The constructions and the agriculture sectors are two of the essential factors in the revival of the Romanian economy in 2011, believes Emil Pop, general manager of Rehau Polymer, local subsidiary of German group Rehau, with 48.5 million-euro turnover last year in Romania. read more...

Lawyer Daniel Badea, the managing partner of the Bucharest office of the world's biggest law firm, Clifford Chance, considers Romania needs a successful floatation of Fondul Proprietatea, the sale for a good price of the state's stakes in major companies, as well as the launch of some mega infrastructure projects to be able to regain its appeal in foreign investors' eyes. read more...

Romania will register a slow economic recovery in 2011 after a 2% decrease in 2010 and will confront with tough austerity measures and any opposition to them might produce instability, Economist Intelligence Unit reads quoted by the Romanian news agency Mediafax. read more...

The Romanian government prefers to boost efficiency in the companies it owns, not privatize them, a World Bank official said Tuesday. read more...

Romanian economy minister Ion Ariton said Monday he would not agree with the shutdown with all Valea Jiului mines, adding he expects management and unions to come up with a long-term development plan. read more...

Romania’s Economy Ministry is planning to sell or shut down several research and development institutes and will consult with local and international bodies on the matter, according to an official document obtained by Mediafax. read more...

Starting this year, Romania will join the European Semester, which means that the 2012 budget will be first presented to the EU Finance ministers before it will be sent to the Parliament for approval. read more...

The World Bank included Romania, alongside other five countries, in the category of developing economies in Europe and Central Asia undergoing the most serious restructuring, according to the bank's Global Economic Prospects 2011 report released Thursday. read more...

The ruling coalition parties delegated representatives to form a team to device a plan of steps aimed at the economic re-launch, one of the team’s developer, vice president of the Hungarian Democratic Union of Romania (UDMR – in the ruling coalition) and Environment Minister Laszlo Borbely told on Monday. read more...

Romania’s trade deficit narrowed to EUR8.64 billion in the first eleven months, from EUR8.96 billion in the same period a year earlier, the National Statistics Institute said Monday. read more...

The six businesspeople attending yesterday's ZF Expert open editorial meeting, who operate in air travel, constructions, pharmaceutical sector, pension funds, fiscal consulting and real estate, believe 2011 will be the year of economic recovery. read more...