Ioan Niculae, considered one of the wealthiest people in Romania, and known especially for his businesses in the chemical fertilisers industry through the InterAgro group, decided to focus on several sectors, all of which having to do with consumer goods. read more...

Starting January 1, 2011, traditional employment record books have disappeared and been replaced by electronic databases to which employers have access on the basis of a user and a password. read more...

A new start for the banking market: though not much has been left from Ordinance 50 on old retail loans, the kind of abuse against clients registered so far will no longer be possible. The possibility of loan refinancing will tighten competition among banks, and clients will be able to shun too high costs. read more...

The Romanian car market enters 2010 with growth plans, after three years where new car sales fell by nearly 70%, from 367,000 in peak year 2007 to around 120,000 units last year. read more...

The year that has just ended was supposed to play a major role for Romania's energy industry, with huge projects and major reshuffle ideas being launched. Unfortunately, all the plans are still on paper, so that 2011 is practically an extension for the projects scheduled for completion or that were underway in 2010. read more...

Poland's Tymbark Maspex company, the biggest nectar producer domestically, is likely to tackle the mineral water segment, a 300m-euro market, after having recently added "production of mineral water and other bottled waters" to its core business, as revealed in the Official Gazette. read more...

Meteorologists warn that snow and blizzards are expected in southern Romania Monday to Tuesday morning. read more...

Romania's Government has approved the national occupational classification structure, applicable as of January 1, 2011, which includes fortune tellers, companions and valets. read more...

The deadline for the submission of VAT refund requests for 2009 by taxable companies, which are not established or registered for this purpose in Romania, has been extended to March 31 next year, from September 30 this year, through a Government Decision. read more...

Romanian TV star Serban Huidu started to wake up from the coma, Innsbruck University Hospital Spokesperson declared, Romanian news agency Mediafax informs. He declared that doctors will slowly reduce the dose of the drugs to wake him up and on Monday they expect Huidu to be awake. read more...

Romania's Government has decided to indefinitely postpone the introduction of the electronic ID card, which should have been issued starting with 2011, because of limited technical and financial resources and the need for a "simplified procedure." read more...

Casinos in Romania will have a 20 lei (EUR1=RON4.2877) cover charge, while establishments with slot machines will charge RON5 for admission, under the Fiscal Code, as amended by the Government. read more...

Salaries awarded through court rulings and the wage earned by the president of a homeowners' association will be included in the gross income and will be subject to social security taxes, under Romania's Fiscal Code, as amended by the Government. read more...

Romanian TV star, Serban Huidu was hurt on an Austrian ski slope on Wednesday afternoon and was induced in a coma by doctors at Innsbruck University Hospital for further investigations. Austrian doctors declared they are optimistic, that his situation is stable and that he needs to be monitored. read more...

The listing of investment fund Fondul Proprietatea will not be enough to restore the Bucharest stock market to levels seen in the summer of 2007, without other initial public offers of large companies that would attract foreign interest, and a return to growth of the Romanian economy. read more...

Romania's Government has postponed hiking the taxes on industrial property, charged to natural and legal persons, until 2012, considering that such an increase could reduce the number of requests for protection and affect innovation. read more...

Romania’s deputy Prime Minister and Democratic Union of Hungarians in Romania (URMR) leader Marko Bela said Thursday on RFI Romania that, if new austerity measures are required in 2011, it means all efforts made in 2010 “came to nothing”. read more...

Romanians must insure their homes within one year after the first mandatory home insurance policies were issued, namely July 15, 2010, the Interior Ministry said Wednesday. read more...

Real estate developers scheduled for delivery in 2011 at least eight retail projects in Romania totaling a surface of over 230,000 square meters, 17% more than the total area of projects completed in 2009, according to property analysts. read more...

Romania’s gross domestic product might grow by some 1% in 2011, after a 2% fall this year, but the economic growth depends on the domestic fiscal policy and the recovery of the European Union economies, analysts said. read more...