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Businessman Ioan Niculae, the owner of agricultural group Interagro, leads Forbes 500 Richest Romanians list in 2013, being worth an estimated 1.1 billion euros. read more...


Transports Minister Ramona Manescu in Galati (eastern Romania), on Thursday, said that the privatisation process of CFR Marfa was resumed, but that, this time, the procedure would not be hurried, as there was not any time limit. read more...


An earthquake measuring 3.4 on the Richter scale occurred on Friday morning at 3:49 local time ( 0:49 UTC), at a depth of 82 km, in Vrancea seismic zone, Vrancea County ( northeast of Bucharest ), followed , two seconds later, by a second tremor of 3.3 on the Richter scale at a depth of 70 km, according to the information posted on the website of the National Institute for Earth Physics ( INFP ). read more...


Romania’s Prime Minister Victor Ponta said he will discuss with US lawmakers the need to lift visa requirements for Romanian nationals travelling to the US, voicing hope that his arguments will be useful. read more...


Lately, the Ministry of Agriculture has taken several steps when it comes to rural development. One of them concerns encouraging small farmers that have less than 5 hectares of land to associate. read more...


The European Commission does not agree to the project promoted by the Romanian authorities concerning the sale of land to individuals, said Achim Irimescu, secretary of state in the Ministry Agriculture and Rural Development (MADR), and he said that European officials will help us in drawing up a better document in that area. read more...


According to some market sources, businessman Alin Tatu yesterday sold his 5% stake in SIF1 Banat Crişana, in a trade on the "Deal" tier of the market, following a spectacular hike on the quotations of the market. read more...


Raiffeisen Bank International (RBI), the majority shareholder of Raiffeisen Bank România, has revised upwards its estimates concerning the level of provisions for non-performing loans which it will need to set up this year. Thus, whereas initially the financial group expected provisions to reach 1.009 billion Euros this year, sees loan-loss provisions of as much as 1.2 billion Euros. The revision was caused by the evolution of the group's corporate client portfolios, in Central and Eastern Europe. read more...


Yildirim Holding Turkish company is interested in participating in the privatisation process of Oltchim Ramnicu Valcea petrochemical plant and in the process of investment drawing in Cupru Min Abrud, shows an Economy Ministry release. read more...


Romania’s economic growth in H1 is higher than the projection in the Agreement with the International Monetary Fund, but we must keep this trend for longer for it to translate in incomes and the living standard, Premier Victor Ponta said in the opening of the weekly government meeting. read more...




The content of the new Letter of Intent with the International Monetary Fund (IMF) aims at ensuring the sustainable macro-economic balances and at continuing the economic growth and the purpose of signing a new agreement is not connected with the introduction of new fees and taxes, the Public Finance Ministry (MFP) points out in a release. read more...


In its meeting of Monday, the Board of the National Bank of Romania decided to lower the monetary policy rate to 4.5 percent per annum from 5.0 percent, starting with August 6, 2013, the Central Bank informs in a press release.. read more...


Prime Minister Victor Ponta at Victoria Palace on Monday announced the negotiations for a new agreement with the International Monetary Fund (IMF) were concluded, the results going to be announced on Wednesday. read more...


Romania’s cruise market is estimated this year at EUR 10 million and the upward trend of the recent years is expected to continue because of growing demand for this type of holiday, Razvan Pascu, tourism marketing consultant with Travel Communication Romania. read more...


Minister of Health Eugen Nicolaescu asked the public health departments and pre-hospital emergency services to activate the action plans for hot weather conditions, so that the medical risks caused by high temperatures during this period to be reduced, the Ministry of Health informs in a press release. read more...


The regulator of the Romanian energy market (ANRE) announced on Friday that the effect of the postponement of a significant volume of the green certificates is the reduction by one third of the costs borne by consumer on that specific segment, which is billed separately on their invoices. read more...


The chairman and chief executive officer of OTP Bank, Sandor Csanyi, sold 1.7 million shares of the Hungarian bank, worth approximately 7.8 billion forint (26.42 million Euros), representing 0.6% of the 280 million shares traded on the stock market. read more...


Financial stability is a precondition to any economic growth, and recession in Romania would have been much more severe, if the banking crisis were not avoided, said on Thursday, at a colloquy at the National Bank of Romania (BNR), Governor Mugur Isarescu. read more...


President Traian Basescu said, on Wednesday, that the Republic of Moldova has no other option than the European track, emphasizing at the same time that, in Chisinau, there is an internal opposition to this process, which he cannot explain. read more...


The IMF expects Romania’s economy to grow 1.6 percent in 2013 and 2 percent in 2014, while the inflation rate is seen hitting 4.5 percent this year and sliding to 3 percent in 2014, informs the IMF country report posted on the website of the international financial institution. read more...



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