Steven Jennings, the CEO and main shareholder in Russia's Renaissance Capital investment bank, plans to strongly tap into the Romanian capital market, which he expects to become a regional leader in the following years. read more...

A 2007 cable from the US Embassy to Kiev, leaked by Wikileaks and quoted by HotNews.ro on Sunday, notes that Ukrainians were speaking of a theory according to which politicians in the Republic of Moldova promoting a pro-European policy were silently supporting Moldova's entry in the EU through Romania, with a possibility that Moldova on the right bank of Dniester eventually join Romania, while the left bank (Transdniester) turn to Ukraine. read more...

This Saturday, Romanians will advance their clocks by one hour so that 3 AM will become 4AM. Romania’s railway company CFR announced that the change will not affect the schedule of trains. read more...

Romania’s consolidated budget posted a deficit of 2.3 billion lei (EUR1=RON4.0881) in the first two months of the year, compared with RON5.8 billion in the same period of 2010, Finance Ministry data showed Friday. read more...

The Executive Board of the International Monetary Fund on Friday approved the final review of a EUR13 billion stand-by arrangement with Romania, and the terms of a new, precautionary deal that will start on March 31, an IMF official told Mediafax. read more...

The Romanian "Henri Coanda" Otopeni Airport's emergency committee is to meet Friday afternoon, after a bomb warning concerning a Bucharest-Dusseldorf flight. read more...

Romania acceded to the pact for Euro Plus, or the EU pact for competitiveness, Romanian President Traian Basescu said Friday in Brussels. read more...

The Teleorman Court in southern Romania on Friday upheld several requests to cancel the recalculation of military staff pensions, Costel Galca, lawyer of the Union of Laid off Military Staff, told Mediafax. read more...

The Romanian leu extended gains against the euro Friday, and the central bank’s reference rate gained 0.34% at 4.0881 units, the strongest in almost one year. read more...

Romania’s economy should gradually mend this year, with a 1.5% growth of the gross domestic product, mainly due to a recovery in external demand that will fuel exports' increase, Raiffeisen said in a report Friday. read more...

IMF directory meets on Friday, March 25th to debate Romania’s request for a new precautionary agreement with the international institution worth 3.6 billion euro, the IMF informs. read more...

OMV Petrom (SNP), the biggest company in Romania, could disburse dividends of around 1 billion lei (245 million euros, at the exchange rate of 4.1 lei/euro) from last year's profit, according to a proposal of the company management set to be discussed in the general shareholders meeting (GM) on April 26. read more...

The political crisis in Libya, which prompted Austrian group OMV, Petrom's owner, to suspend hydrocarbon exploration and production operations in the region affected by the conflict, could have a positive effect on the Romanian market. read more...

The salaries of employees in IT companies in western Romania will go up by an average 10% this year after last year specialists in the field saw their wages up by more than inflation (10.10%), shows the latest salary survey conducted by human resources group AIMS Human Capital. read more...

A 4-lei euro, a level that seemed unimaginable as early as at the beginning of this year, when one euro was still close to the 4.3-lei mark, is already considered by all analysts after the euro depreciation against the leu sped up this week. read more...

BCR last year persuaded large companies of almost all industries to start working with the largest bank on the market with one or more products and services, and the success rests with the new team that has been forged in recent years in the corporate banking unit, states Wolfgang Schoiswohl, executive vice-president with BCR, in charge of large companies and SMEs. read more...

Beer consumption, which last year reached 78 litres per capita, is in line with the European average, with beer as one of the few beverages with which Romanians can keep up with Europeans. read more...

Romania received on Thursday the fourth installment worth 1.2 billion euro of the EC loan, Romanian news agency Mediafax reads. read more...

The European Anti-Fraud Office launched an investigation in the case involving the three MEPs accused of bribe taking including Romanian MEP Adrian Severin. The offices of the tree MEPs involved in the scandal were sealed to protect evidence, according to Romanian daily Evenimentul Zilei. read more...

Marius Petcu, CNSRL Fratia union leader was caught taking 40,000 euro bribe, Romanian public television TVR reports in a news on the institution’s website. According to the quoted source, the 40,000 euro is a first installment of a total sum higher than 200,000 euro. Petcu is currently being heard by anti graft prosecutors. read more...