DIY store chain Dedeman, founded by Bacău businessman Dragoş Pavăl, 44, could reach over 300 million euros in turnover this year, considering that the company's owner says the 15% turnover growth target "has long been exceeded". read more...

British retail group Tesco, with 73 billion euros in turnover, is in negotiations to enter the Romanian market by acquiring Real hypermarket chain, held by German group Metro, say market sources. read more...

Delhaize Belgian group, which owns Mega Image stores, has added 38m euros to the capital of Romanian stores over the past six months, with capital injections being operated by a group subsidiary registered in the Netherlands. read more...

Personal injury payments in the wake of car accidents have registered exponential growth in recent years, with insurers getting to settle claims as high as hundreds of thousands of euros, which is putting additional upward pressure on auto liability (RCA) policy tariffs. read more...

Two big Austrian fund managers call the shots on the mutual fund market, with competition between the two becoming increasingly tight, and Raiffeisen Asset Management managing to come very close to the undisputed leader of the last two years - Erste Asset Management, because it bet on investors' significant appetite for savings in euros. read more...

Raiffeisen, the seventh bank domestically in terms of assets, Austrian-held, is selling loans worth 30-35m euros to individual customers each month, a level similar with the one registered in 2006, and its representatives say the volume of funding released on this client segment in 2010 is set to top 300m euros at the end of the year. Sales have risen in recent months owing to refinancing deals. read more...

Major domestic car part producers employing tens of thousands of people particularly in Transylvania plants have switched from a two or three-shift working schedule to a four-shift one, after the number of orders from West European clients has risen this year. read more...

Premier Emil Boc maintains Romania does not have an IT system in the field of healthcare, yet, because all those who managed the sector and handled the release of drugs preferred stealing public funds. read more...

Romanian Prime Minister Emil Boc said Sunday on ProTV that the Government has approved the norms for the application of the public-private partnership law, which he said creates the framework for the attraction of domestic and foreign investments. read more...

Prime Minister Emil Boc said Sunday on ProTV that Romania's public sector will employ fewer than 1.29 million people by the end of the year, with layoffs to continue through next year. read more...

Discussions between Romanian authorities and the International Monetary Fund on a potential new loan agreement will begin on January 20, said Prime Minister Emil Boc Sunday on ProTV. read more...

Romania's Government has decided to cut unemployment aid to people who turn down a job, regardless of the distance between their home and the position, or who refuse to take part in a professional training program, as of next year. read more...

Romanian carmaker Automobile Dacia will produce 450,000 units this year and production might increase to 550,000 units per year by 2015, according to Automobile Dacia vice-president Constantin Stroe. read more...

The Social Democratic Party submitted an official complaint at the Constitutional Court on the law of pensions, the party's Spokesperson Radu Moldovan declared. read more...

There were plenty of people who believed that once we joined the EU we will also live like the EU, Mugur Isarescu declared in a press conference organized by Top Business magazine, dedicated to Romanian brands. Isarescu said that integration seems fighting with the European competition which has no mercy and there are plenty of changes that the society does not accept. read more...

Romania’s trade deficit narrowed to EUR7.7 billion in the first ten months, from EUR8.09 billion in the same period a year earlier, the National Statistics Institute said Friday. read more...

Romanian consumer prices rose 0.52% on the month last month, matching October figures, while the annual inflation eased slightly to 7.7%, the country’s statistics institute INS said Friday. read more...

Making portfolios transparent would increase the level of financial education and would make contributors less reluctant to invest their savings elsewhere other than in banks. read more...

This year's last major war between the commercial, marketing and communication teams of Vodafone and Cosmote, numbers two and three on the Romanian mobile phone market, is waged over subscription fees, the volume of data traffic included and the level of subsidies for Apple iPhone 4 smartphone. read more...

Analysts anticipate a slight return to economic growth next year, after two years of recession, with the estimated GDP rise ranging between 0.2% and 2%. However, even if Romania leaves recession behind next year, the tentative economic growth will not be felt in the standard of living. read more...