Romania and Kazakhstan will be the most attractive emerging markets regarding investments in the next four years while their economies will grow, a Renaissance Capital analysis reveals, remitted to HotNews.ro. read more...

If Greece will restructure its debt it might have a significant negative effect on Romania’s economy, ING Bank chief economist Nicolaie Chidesciuc declared for HotNews.ro. read more...

Romania’s Foreign Affairs minister Teodor Baconschi will visit London on May 16 to prepare the official visit of Romania’s President Traian Basescu to Great Britain. Basescu is scheduled to visit London in June 2011, Baconschi said exclusively to HotNews.ro. read more...

The employees of the Romanian Interior Ministry will soon go through integrity tests, given by undercover officers, said chief-commissioner Gabriel Constantin of the ministry's General Anticorruption Department (DGA) in a press conference on Wednesday. read more...

Hewlett-Packard (HP) will hire 600 people this year for its Global eBusiness Operation Centre (GeBOC) in Bucharest, which currently has a staff of 3,100, Alexander Weigl, the Centre's general manager, said in a press conference Wednesday. read more...

Romanian carmaker Automobile Dacia has started the production of a new Duster model exclusively for export, Renault Romania director of communications Anca Oreviceanu said Wednesday. read more...

Romanian new car registrations rose 31.8% on the month to 4,999 units in April, but were down nearly 44% from the year-earlier month, Interior Ministry data showed Wednesday. read more...

The new accounting law, modified through a government emergency ordinance, for the first time makes a clear distinction between organising and keeping the books, versus doing more advanced reporting (an accountant's job) and signing for it. read more...

The rise in food prices underestimated by analysts again, and compounded by the increase in electricity price took annual inflation to 8.34% at the end of April, after a 0.66% monthly increase. read more...

Bucharest's Asmita Gardens, the housing project entailing the largest private investment, around 120m euros for the building of seven blocks of almost 800 apartments, has been struggling in the past two months after the sales team decided to leave. read more...

The "First Home" scheme is officially frozen, as banks have exhausted the 200m-euro sum earmarked at the start of the year and the fourth stage cannot start since the protocol of co-operation with the SME Loan Guarantee Fund, the institution managing state guarantees, has not been published in the Official Gazette. read more...

The Government is set to conduct transparent international tenders based on the "TV model" to select consultancies that will handle the recruitment of independent professional managers for around 50 state-held companies selected together with the IMF, says Mihai Tănăsescu, representative of Romania to the international financial institution. read more...

Austrian group OMV, majority shareholder of Petrom, (SNP), could need a capital increase this year to refinance some of the loans taken out to make acquisitions in Turkey (Petrol Ofisi) and Tunisia, and a decision could be made by the OMV management in the coming period, say market sources. read more...

OTE group chief Michael Tsamaz and Deutsche Telekom Vice President will meet next Tuesday with Romanian authorities to discuss the possible acquisition of the state’s shares at Romtelecom and will most definitely present an offer, Communications ministry state secretary Marius Fecioru said for HotNews.ro. On the other hand, market rumors said for HotNews.ro that the offer will be maximum 350 million euro. read more...

Romania needs a development policy based on its own needs, World Bank country director Peter Harold said, adding that the proposals made by international institutions are not meant to impose certain themes or tell it what to do. read more...

Gunther Krichbaum, the chief of European Affairs Committee in Bundestag declared on Monday, at Sofia that Germany will support Romania and Bulgaria’s adhesion to Schengen if the European Commission’s report will be positive. read more...

The government committed to the IMF to cut heat subsidies in the upcoming period which will increase the costs incurred by the population for heat and hot water by up to 60% by the end of the year depending on the capacity of mayors to cover the difference from their own sources, Romanian news agency Mediafax reports. read more...

Romania caporal Catalin Ionel Marinescu, part of the Battalion 26 Infantry Neagoe Basarab passed away on Tuesday, May 10 around 6 AM in Kabul province, Afghanistan a press release of the Romanian Defense ministry reads. read more...

President Traian Basescu declared on Monday, in a special edition talk show at the public television TVR that Romania was stabilized macro-economically and is ready for a possible outbreak of the crisis. The President said that by appointing private managers in state owned companies he will shatter trans-party interests. read more...

The Finance Ministry controlled by PD-L (Democratic Liberal Party) has brought CEC into the undesirable situation of the NBR rejecting two managers nominated by the shareholder. read more...