The Romanian Government on Thursday approved the norms concerning the application of the normative act on checking high wealth individuals, said Government spokeswoman Ioana Muntean. read more...

Romanian Prime Minister Emil Boc called on Interior Minister Traian Igas and Foreign Minister Teodor Baconschi to put forward a normative act granting humanitarian aid to quake- and tsunami-shattered Japan, people close to the matter told Mediafax Thursday. read more...

Welfare recipients, who turn down a job and refuse to take part in professional training classes or other programs designed to stimulate employment, may lose their benefits, according to the draft law on social assistance in Romania. read more...

Employers will have to create files for each of their employees and provide copies of the documents within 15 days of the worker's request, says a draft decision of the Romanian Government regarding the general employee registry. read more...

Romanian oil company OMV Petrom (SNP.RO) proposes the allocation of only locally made natural gas to household consumers, coupled with the liberalization of gas prices for industrial consumers. read more...

Romanian economic outlook for the next six months improved in March, propelling the country to the third spot among the best business destinations in Central and Eastern Europe, a ZEW/Erste survey showed Thursday. read more...

Romanian Foreign Minister Teodor Baconschi on Thursday asked the National Commission for the Control of Nuclear Activities to set up an emergency unit and report in every 12 hours on the situation in Japan. read more...

Romania’s leu recovered early losses against the euro in mid trade Thursday and the central bank’s reference firmed to a new nine and a half months high at 4.1788 units. read more...

Apartment rents in Romania fell by up to 12% in March compared with September as owners preferred to rent out dwellings rather than sell them, according to a survey of property website imobiliare.ro. read more...

The Social Liberal Union, the alliance of the opposition submitted a contestation at the Constitutional Court on the government’s decision to take responsibility for the new labour code and for some articles in the normative act, Social Democratic Party spokesperson Radu Moldovan declared for news agency Agerpres. read more...

A Japanese helicopter started on Thursday morning to pour water on reactor 3 of the Fukushima Daiichi plant to cool it down, Jiji news agency reports quoting the National Japanese Defense Agency. This operation is a priority because the smoke cloud is bigger and bigger, the agency reads. read more...

Romania's Government on Wednesday survived a motion of no-confidence filed by the opposition, which failed to acquire the necessary votes, meaning the amended Labor Code is closer to becoming law. read more...

The statistics of notaries public on real estate transactions concluded last year did not reveal major changes to the situation recorded in 2009, with the market experiencing a relative stagnation. read more...

The employment rate in Romania - the proportion of people who are fit for work to the number of legally-employed workers is 58.6%, which means only 4.5 to 5 million Romanians of the 8 million who are fit for work are legally-employed. read more...

The sales team of the Asmita Gardens housing complex in Bucharest, which consists of over 800 apartments, has ended its activity, although nearly half the homes in the seven tower blocks built on Splaiul Unirii Avenue in the Mihai Bravu area are yet unsold. read more...

The bids submitted by six consortiums of banks and brokerage firms have been accepted by representatives of OPSPI (Office of State Ownership and Privatisation in Industry) and by those of the Economy Ministry in the tender to choose the broker for the secondary offering whereby the state wants to sell 9.84% in OMV Petrom on the Stock Exchange. read more...

Transgaz Mediaş (TGN) natural gas transmission company and Transelectrica Bucureşti (TEL) grid company are asking the state to give them the possibility of raising money on the Bourse through public share offerings, in order to carry out their investment plans. read more...

With a new management team, Turkish Credit Europe also changes strategy, with the focus now on medium-sized companies instead of retail, while alternative channels will make up for new offices. read more...

Romania’s largest oil company OMV Petrom (SNP.RO) will cut Thursday its gasoline prices by 0.04 lei (EUR1=RON4.1816) per liter. read more...

The technical offers filed by six consortiums were accepted Wednesday in the auction for a broker to sell 9.84% in oil company OMV Petrom (SNP.RO), people close to the matter told Mediafax. read more...