Romanian President Traian Basescu on Friday sent to the Parliament a request to reexamine a normative act on urban planning, asking lawmakers to enhance and clarify the provision concerning urban planning certificates, the Presidency said in a press release. read more...

Romanian unemployment rate fell slightly to 6.58% in February, from 6.74% a month earlier, the country’s employment agency ANOFM said Friday. read more...

Following the tragic events affecting Japan, Romtelecom decided to allow free calls from its network to any landline or mobile phones in Japan, the operator announced on Friday. All Romtelecom users including individuals and companies will have this facility available starting Saturday, March 19 for a 30 day period. read more...

Libya declared an immediate cease of fire throughout the country to protect civilians and conform to the UN Security Council resolution taken on Thursday night, the Libyan Foreign Affairs minister Moussa Koussa declared, quoted by Reuters. We decided an immediate cease fire and of all military operations throughout the country, Tripoli official said. read more...

Romania posted last year the fourth largest increase in exports and the ninth greatest increase in imports in the European Union, EU's statistics office Eurostat said Friday. read more...

The Executive Board of the International Monetary Fund will discuss on March 25 the final review of the EUR13 billion stand-by loan for Romania and the terms of a new agreement with the Eastern European country. read more...

Romania’s leu kept part of its early gains against the euro in mid trade Friday and the central bank’s reference firmed to a new nine and a half months high at 4.1683 units, from 4.1788 units in the previous day. read more...

Japan increased the gravity level at Fukushima from 4 to 5 on a 7 scale, the Atomic Energy International Agency announced on Friday, quoted by Reuters. The level is similar to the one in 1979, following the accident at the Three Mile ISLAND Nuclear Generating Station in Pennsylvania, US. read more...

Romanian Environment Minister Laszlo Borbely said Friday on Radio France International tests for nuclear plants need to be more extensive after the situation in Japan, adding he is confident Romania’s nuclear plant would pass the tests and risk of radiation contamination is low. read more...

The car factory in Mioveni, southern Romania, has made four million Dacia cars so far, the Romanian carmaker, owned by France’s Renault, said in a press release Friday. read more...

UN Security Council voted, on Thursday night, a resolution authorizing an air exclusion area and any other measures necessary – including a military action – to protect civilians against armed forces of Qaddafi. The resolution leaves allies with the possibility to conduct air strikes against Libyan military objectives. read more...

Three of the top five leading criteria based on which a company or an institution chooses its provider of mobile telephony services have to do with fees, reveal data from a survey conducted by Gallup between March and April 2010 for the Communications Regulatory Authority (ANCOM). read more...

BRD, the second-largest bank on the Romanian market by assets has around 4 million euros in guarantees left for loans granted through the "First Home" scheme and estimates the cap allocated for this year will run out by the end of March. read more...

Electronics and home appliances retailer Domo Retail, the second-biggest player on the Romanian market in terms of the 2009 turnover, has closed four stores and relocated another this year because they were not profitable. read more...

Furniture and interior decoration retailer kika, which operates a store in western Bucharest continued to see a growth trend in the first two months of 2011, a trend which is estimated to be kept for the entire year. read more...

Refinancing clients with ongoing loans is this year's "pie" that all banks with growth ambitions on the retail segment want a piece of, with adverts suggesting that savings of as much as 70% can be made on the monthly instalment. read more...

Alexandru, 33, an accountant with a private company, has managed to amass a fortune of several hundred thousand euros in 14 years from investments on the Bourse. read more...

The nine major foreign banks that control 70% of the domestic market, Erste Group, Societe Generale, Raiffeisen Group, UniCredit Group, Eurobank EFG, National Bank of Greece, Alpha Bank, Volksbank International and Piraeus, no longer have the obligation of maintaining a certain level of exposure on the domestic market, once the agreement reached in Vienna two years ago in parallel with the stand-by agreement signed by Romania with the IMF expires. read more...

Romania’s Prime Minister Emil Boc decided, at the proposal of the Foreign Affairs ministry to set up a rapid reaction unit at the National Committee for the control of nuclear activities, CNCAN, that will supply the government information about the evolution of the situation in Romania, PM’s spokesperson Ioana Muntean declared. read more...

KPMG launched in Bucharest a new consultancy office that offers audit, fiscal assistance and business consultancy for Chinese companies, a press release of the company reads. The office will support both Chinese companies doing business in Romania and local companies interested to develop businesses on the Chinese market. read more...