Romania’s Constitutional Court rejected on Wednesday, with a majority of votes the claims that the tax on pollution is unconstitutional, Romanian news agency Mediafax reads. The decision will be motivated and published in the official journal. read more...

Romania’s ruling Democratic Liberal Party has assembled Saturday for its national convention to elect new leaders. read more...

Almost half of Romanians (46%) did not take a holiday trip last year, most (62%) because of financial reasons, according to a Eurobarometer survey on the attitudes of Europeans towards tourism, which shows things improved overall in 2010. read more...

A CURS survey conducted for the Institute for Popular Studies in May 11-13 2011 shows that PM Emil Boc is preferred by PDL supporters for the highest position of the party (57%) in the detriment of his main counter candidate Vasile Blaga credited with 34% or Theodor Paleologu 5%. read more...

157,306 new labor contracts were registered in the last 10 days since the new Labour Code was enforced, PM Emil Boc said. He said that 70% of the newly registered labor contracts were signed for an undetermined period of time. read more...

Only 11 people know a few hours in advance the value of the most awaited indicator in Romania, set to be released today: the GDP growth in the first quarter of 2011 against the fourth quarter of 2010. 10 of them are members of the Department of National Accounts within the Statistics Institute, and the 11th is the president of the National Statistics Institute, Vergil Voineagu. read more...

AXA Life Insurance, a company that entered the Romanian market last year, when French giant AXA took over Omniasig Life, plans to become one of the top five players on the life insurance market in terms of sales of new policies by 2014. read more...

Fondul Proprietatea (Property Fund - FP.RO) shares lost 6.5% in the beginning of yesterday's session, after the ex dividend day, but gained back 4% towards the end, amid unofficial information that the Government would not start to make compensation payments yet. read more...

City Mall shopping center in Bucharest, currently bankrupt, might find a buyer at the third auction, for a price of at least EUR 26.2 million, considering Casa de Insolvenţă Transilvania, the project's liquidator, sold a document detailing the conditions of contract to an interested investor. read more...

"Bring clients" is the main target set for the BRD network this spring, says Roxana Cosmescu, recently appointed as an executive manager with the commercial pole of the network of BRD, the second largest domestic bank. read more...

Ali Yilmaz Yildirimlar, general manager of Radisson Blu hotel complex of Calea Victoriei, which operates 718 rooms, maintains operating income had a two-digit advance in the first four months of this year, as almost 70% of rooms were occupied on average. read more...

Google announced that Romanian users will be able to purchase online applications from Android Market shop. So far, those in Romania were able to install just free applications but they could not purchase programs. Android Market has 200,000 applications. AppStore has over 300,000 and Romanian have been able to purchase applications from it for several years now. read more...

Romania will contribute by 22 billion American dollars to the growth of the constructions sector in the upcoming 10 years, representing the fourth biggest contribution in Central and Eastern Europe after Russia, Turkey and Poland but it will have even a bigger contribution than Czech Republic, Ukraine and Hungary to the world’s growth, a press release of the local PricewaterhouseCoopers branch remitted to HotNews reads. read more...

The government approved on Wednesday a decision interdicting the installation of overground urban networks on the public domain including telecommunications, water, energy, thermal networks. read more...

Romanian clients of Volksbank demanded the Court to find Volksbank International AG that owns 99.3384% of the local branch in Romania responsible for the acts of the branch in Romania. read more...

Petrom (SNP.RO), the biggest company on the market posted growth of business and profit, even though the market it operates on continued to go down. Repeated pump price hikes and cost cuts, however, helped it turn in its favor a demand that refused to grow despite tentative economic rebound since the beginning of the year. read more...

Public-Private Partnerships (PPP) do not mean that the Government comes with the plot and then sits around waiting for investors to bring the money, do the project and then share the benefits with the state, although quite a few government officials believe this is how things are. read more...

Bankers prefer to place their money with the BNR (Romanian central bank) at an interest of just 2.25% a year on leu-denominated deposits in order not to take any chances on the economy. read more...

Martin Schuldt, general manager of Cargill Agricultura, one of the biggest players in grain trade, expects this year's agricultural yield to be similar last year's, so Cargill is not expanding its storage facilities along the Danube. He says it is however too early to make precise predictions about this year's crop, but specifies Romanian farmers are suffering because yields per hectare are lower than in Bulgaria and Hungary. read more...

Romania will be the first country in the world where the land-based SM-3 (Standard Missile 3) interceptor missile system will be deployed, the agency coordinating US missile defense says. read more...