The insolvency of "Hidroelectrica" and the amendments pertaining to the labor legislation and the fiscal system present uncertainties for investors, considers Steven van Groningen, the CEO of Raiffeisen Bank Romania. read more...

Construction work volume surged by 26.9 percent in April 2012 compared to March as gross series and by 11.5 percent as working day and seasonally adjusted series, according to figures released by the National Institute of Statistics (INS). read more...

Justice Minister Titus Corlatean on Friday attends the meeting of the EU’s Justice and Home Affairs (JHA) Council, to be held in Luxembourg, where he is also scheduled to have official bilateral meetings with his EU counterparts. read more...

Romania is among the most attractive 15 countries in the world for investments in renewable energy, according to the latest Country Attractiveness Indices report, released on Monday by Ernst & Young. read more...

Minister of Foreign Affairs Andrei Marga will pay an official visit to the State of Israel from Monday till Wednesday at the invitation of his counterpart Avigdor Lieberman. read more...

Insurance companies owned in Romania by Vienna Insurance Group recorded gross subscribed premiums of 134.5 million Euros, down 7% over the corresponding period of last year, and the losses of the group on the Romanian market fell to 2.7 million Euros. read more...

Romania might lose about 1.2 billion Euros, out of the European funds pertaining to the Human Resources Development Sectoral Operational Program (POSDRU), due to the uncovering of serious irregularities in the unfolding of this program, between 2010-2011, PM Victor Ponta said yesterday. According to him, the 100 million Euros for 2012 and the 1.1 billion Euros for next year represent all the payments afferent to the POSDRU. read more...

The 8th edition of the Museum Night event will be held on May 19 at nearly 3,000 European museums, almost 100 of which are in Romania. The National Network of Romania’s Museums (RNMR), the official partner of the event at international level, will coordinate the activities to be conducted by the Romanian museums. read more...

King Mihai on Friday bestowed decorations on politicians, diplomats and literati at the Elisabeta Palace to mark May 10, the King’s Day. Among the recipients was former leader of the National Liberal Party (PNL) MP group in the Chamber of Deputies Calin Popescu-Tariceanu, who came to the event accompanied by his nonagenarian mother, and MP Theodor Paleologu, who was accompanied by his teen son Mihai. read more...

Romania will register a 1.4 percent growth of its gross domestic product this year, compared to the 2.5 percent last year, and the figure will reach 2.9 percent in 2013, reveal the spring economic forecast of the European Commission released to the media in Brussels. read more...

The campaign for election of mayors, presidents of county councils, local and county councils is kicking off on Friday and is going to end on June 9, at 7:00 hrs, local time. read more...

Atletico Madrid won the Europa League final after beating Athletic Bilbao, 3-0 (2-0), on Wednesday night on the National Arena in Bucharest. read more...

Romania’s Foreign Minister Andrei Marga on Wednesday welcomed Germany’s ambassador in Bucharest Andreas von Mettenheim, who voiced Germany’s support for Romania’s accession to the border-free Schengen Area according to the schedule agreed upon, the Romanian Foreign Ministry (MAE) reports. read more...

The International Monetary Fund’s chief of Romania mission, Jeffrey Franks said Wednesday the IMF is satisfied with the commitment showed by Bucharest towards pursuing with the Accord signed with the international lender. read more...

Prime Minister Victor Ponta announced, on Tuesday evening, that journalist Andrei Zaharescu will be the new Government’s spokesman. read more...

Romanian capital city Bucharest hosts on Wednesday the final of the Europa League football cup at the National Arena, a match between the Spanish teams Atletico Madrid and Athletic Bilbao, kick-off at 9:45 PM (8:45 PM in Spain and 7:45 GMT). read more...

The ministers nominated by Prime Minister-designate Victor Ponta are to be examined on Monday, starting with 10:00 local time, during the hearings scheduled by the specialized committees, after which, at 16:00 local time, the joint plenum of the Senate and the Chamber of Deputies is to vote on the Government’s investiture. read more...

President Traian Basescu on Sunday said that he is unreservedly supporting restoring public wages to their levels of before a 25-percent cut in 2010. read more...

Parliament is debating and voting on Friday, in its plenum, the censure motion entitled “Stop the Blackmail-Prone Government! Never This Way!”, initiated by the Opposition, the first such confrontation Ungureanu Cabinet is facing since installation. read more...

President Traian Basescu talked to the joint delegation of the International Monetary Fund, the European Commission and the World Bank on Thursday about the possibility of raising wages in the public sector, according to the Presidential Administration. read more...