Banca Feroviară, controlled by businessman Valer Blidar, brought Jean Andronie, former executive vice-president for corporate banking with BCR in 2004-2008 period, to the top management team. read more...

The forex market ran out of steam in autumn, and traded volumes dropped again to last year's level, when they had plummeted from 2008, after having seemed to pick up in spring. In November, a little more than 33bn euros were traded on the forex market, up 17% from the same month of last year. read more...

Greece's Piraeus Bank, the only domestic bank selling gold to retail clients, in the first week of December alone sold 10 kg of gold in gold bullion and 300 British gold pounds, quantities that used to be registered in one month. The total value of sales stands at almost half a million euros. read more...

President Traian Basescu invited all parliamentary parties for consultations on Monday, at 3PM. The main subjects are the social and economic perspectives for the next two years, joining Schengen and the legislative priorities of the end of the year. read more...

Over 87% of the Romanians believe that the corruption level in Romania increased in the last three years and 83% of them believe that the government is inefficient in its fight against corruption, the Global Corruption Index shows, released on Thursday by Transparency International (TI). read more...

Romanian employers are forbidden to sack employees in the first six months after they return from parental leave, according to an emergency ordinance on new parental leave and child-rearing benefit measures to be implemented starting next year. read more...

Transports ministry plans to transform the Bucharest Baneasa Airport by 2012-2013 in an airport reserved for business and VIP flights and therefore move the current low cost flights on Otopeni Int'l Airport causing higher costs for low costs. read more...

The Romanian Government will grant extra 600 lei (EUR1=RON4.3005) in child-rearing benefits in the case of multiple pregnancy and for a second child born in the interval in which child-rearing aid is paid, the Labor Ministry said in a press release Thursday. read more...

Romanian President Traian Basescu invited parliamentary parties for talks on Monday afternoon about the country’s economic and social outlook for the next two years, Schengen accession and this year’s legislative priorities. read more...

Apple's iPhone 4 will be available from Romanian mobile operators Vodafone and Cosmote starting with December 17, alongside special plans aimed at its users. read more...

Romania’s Constitutional Court will discuss opposition liberals’ challenge to the recently adopted pension bill on December 15, the Court said Thursday. read more...

Romania’s Government plans to build 400 daycare centers throughout the country next year, mostly in urban areas, Development Minister Elena Udrea said after the Cabinet meeting late Wednesday. read more...

Romanian President Traian Basescu said on public television late Wednesday he is optimistic about the country’s economic outlook adding Romania has avoided derailments and is on its way to recovery. read more...

Romanian President Traian Basescu said on public television late Wednesday the solution found by the Government for the issue of child rearing benefits and parental leave is good because it brings together all possible options. read more...

Romanian President Traian Basescu said Wednesday a Kazakh delegation will arrive in Bucharest in January to discuss the debt owed by oil company Rompetrol. read more...

Romanian President Traian Basescu said on public television late Wednesday he admires people in the ruling coalition for their patience and determination to keep their alliance strong, adding the coalition took the right anti-crisis measures and will likely stay in power until the 2012 elections. read more...

Romanian weather authorities Thursday morning issued a yellow code advisory expecting snowfall, gusty wind and frost throughout the country Thursday evening through Friday at noon. read more...

Britain's Vodafone group, the world's biggest mobile telephony operator, is going to invest half a billion euros in Romania over the next five years, with part of the sum to be directed toward the construction of a 4G network, which could lead to an over fourfold increase in the speed of mobile Internet services, the segment that will witness the tightest competition on the market in the coming years. read more...

Industrial production, one of the leading indicators in the economy, continued to rise in October, but slowed down its pace to 2%. read more...

Volksbank Romania, the sixth largest bank on the Romanian market by assets, which stand at 4.8 billion euros, could change hands over the next few months, after the management of Austrian group Oesterreichische Volksbanken-AG decided in mid-week to drop retail operations on markets in the region. read more...