MOL Romania announced on Monday its new CEO Kinga Agnes Daradics that will replace Szabolcs Ferencz that lead the oil company as of January 2010. Daradics started her career with MOL in 2003. read more...

The death of Osama bin Laden is an enormous blow to the jihadi network in multiple ways, but it does not kill al Qaeda, Daveed Gartenstein-Ross, an expert in counter-terrorism, has told HotNews.ro. read more...

Ten EU member states want to wait until 2014 before completely opening up gates for the Romanian and Bulgarian citizens, Austrian Labour minister Rudolf Hundstorfer said, quoted by AFP. The adhesion treaty of Romania and Bulgaria, who joined the EU in 2007, reads that EU member states need to give up freedom of movement restrictions for workers as of January 2012. read more...

Romania’s National Defense Ministry announced that three Romanian soldiers were injured on Sunday morning in Afghanistan after their tank was attacked with an explosive device. read more...

In around six years, the average duration of calls made from a fixed telephony line monthly shrank by around 1 hour, while time spent talking on the mobile phone registered a spectacular increase. read more...

OTP Bank, the biggest Hungarian financial group, is in talks with the Royal Bank of Scotland, a financial group nationalised by the British government after the massive losses it logged in 2008, to take over its domestic subsidiary, according to market sources. read more...

Banca Transilvania (TLV) derived net income worth 31.7m lei in the first quarter, almost double last year's first quarter level. On Friday, the bank's shares gained 1.7% on a "red" market. read more...

Angst, one of the biggest cold cuts producers with 48 million euros in turnover last year, delivers meat and meat products worth around 5 million euros to Howard Johnson, Crowne Plaza, Continental, Hilton hotels, City Grill, Pizza Hut and McDonald's restaurants and even to the restaurant in the Ikea furniture store. read more...

Lucian Ghiţescu, manager of the Home Appliance division of Samsung Electronics, says the home appliances market will be stable in 2011, with growth expected only in 2012, although the worst has passed. read more...

Romania's Government wants to increase the central tourism authority's role on the Black Sea coast and reduce the coastal building line (the area where building is prohibited) to 50-150 meters from 100-300 meters, according to a draft emergency ordinance by the Tourism Ministry. read more...

Romania's Government will create an investment fund, fed by the National SME Loan Guarantee Fund, the Romanian Counterguarantee Fund and Eximbank, to finance profitable SMEs with temporary cash problems, and will also work out a system to finance small unlisted companies. read more...

Romania’s new Labor Code, pushed through the Parliament through a vote of confidence early March, takes effect Sunday and employers risk prison sentences for using illegal labor. read more...

Romania's Transport Ministry and public road authority CNADNR have begun negotiations with Bechtel on a new calendar for the construction of the Transylvania Highway, with new deadlines past the current December 2012. read more...

Romanian carmaker Automobile Dacia asked for 42.4 million lei (EUR10.5 million) in state aid last year to develop the X 52 project concerning a new Logan model to be launched in 2012. read more...

Russian natural gas giant Gazprom delivered 2.6 billion cubic meters of gas to Romania in 2010, up 4% on the year, the group said in a report Thursday. read more...

Businessman Elan Schwartzenberg on Saturday confirmed he has taken over a 92% stake in TV station Realitatea TV owned by Sorin Ovidiu Vintu, who is currently under arrest on charges of blackmail. read more...

About 20,000 tourists are spending the May 1 weekend, which marks the opening of the summer season, on the Romanian Black Sea coast, according to estimations of the country’s tour operators’ association ANAT. read more...

The head of the Bucharest division of state-owned railway company CFR, Gavrila Manaila, has been sacked Saturday for defective management, the company said in a statement. read more...

PM Boc declared on Friday that the government will conduct cost benefit analysis to set the exact number of employees that each state company should have and underlined that these are not charitable companies. read more...

30,000 state company employees will be laid off, the president of the National Union Block Dumitru Costin declared after a meeting with IMF representatives, Romanian news agency Mediafax reports. He says that he received promises from the delegation that the restructuring will be the main subject on the working agenda with the government. read more...