Romania rejects military interventions to end the crisis in Libya under the present circumstances, President Traian Basescu said Friday in Brussels. read more...

The Fukushima nuclear plant 1 registered on Saturday morning increases in its radiation level by 1,000 times due to a fault at the cooling system, according to Kyodo News. read more...

President Basescu declared on Friday, at Brussels, that there are about 2,500 Romanians in Japan and the Embassy is trying to reach all of them to identify their needs. read more...

The Japanese news agency Kyodo reported that at this moment 88,000 people are missing after the tsunami that hit Japan, BBC informs. The toll of deaths amounts to 290 people after 200- 300 bodies were found on the Sendai beach, North East Japan. read more...

Sources within the Democratic Liberal party declared for Hotnews.ro that local organizations leaders were called on Sunday in Bucharest by the central management for a meeting where the President might also be present. read more...

Romanian President Traian Basescu was in Brussels on Friday to attend the extraordinary meeting of the European Council, the agenda of which includes the political situation in Libya and countries in the region, news agency Agerpres reports. read more...

Authorities in over 20 countries and many islands in the Pacific Ocean issued tsunami alerts on Friday following the major earthquake which hit Japan earlier today, followed by a 10 m wave, CNN reports. read more...

A powerful 8.9 Richter scale earthquake took place on Friday morning, in the North Eastern coast of Japan, the American center for earthquakes supervision announced. Several buildings in Tokyo were shaken real bad and a tsunami alert was instated in several countries. read more...

Romanian Environment Minister Laszlo Borbely said Thursday that the 2011 edition of the national cash-for-clunkers program will begin on March 18 and will be open to public bodies, which were banned from buying new cars in 2010. read more...

It's farewell to declines in the NBR interest rate until the end of the year; the Romanian currency will continue to strengthen against the euro because the central bank will try to temper prices of import goods. These are the main effects anticipated by analysts after the negative surprise of February inflation, when the annual rate abruptly leapt from 6.9% to 7.6%. read more...

Businessman George Copos, who controls electrical engine plant Ana Imep in Piteşti, which posted 21.6 million-euro turnover last year, says his company must be included among the top 100 biggest local exporters, considering exports make up 95% of the plant's business. read more...

Labour Minister Ioan Botiş yesterday in a press conference of ruling party PDL (Democratic-Liberal Party) presented the favourable opinions he received from certain business owners regarding the new Labour Code, saying he had not received opinions from employees, but that the new Code will lead to the creation of 90,000 jobs. read more...

The managers of companies who decided in the past few years to get the company listed on the Stock Exchange say the fears of Romanian entrepreneurs related to opening their businesses up to the public and to investors are exaggerated and that Romanians are too secretive, considering that in developed countries most medium-sized and big businesses are listed on the stock exchange. read more...

Astra Asigurări, a company controlled by businessman Dan Adamescu, climbed to the top position of the ranking of Romanian insurance companies after underwriting 1.11 billion lei (264 million euros) in gross premiums last year, toppling Allianz-}iriac, which had filled the no.1 position for seven years. read more...

Those who chose to borrow in Swiss francs to buy a home in 2006-2007 paid less in lei than if they had taken out a euro-denominated loan, thanks to the lower interest rates, despite the franc/leu exchange rate rising faster than the euro/leu rate. read more...

KFC fast-food network plans to open ten restaurants this year and reach a total of 50 restaurants on the domestic market and turnover worth 180m lei (43m euros), up 12% from 2010. read more...

Businessman Alin Burcea, who controls Paralela 45 travel agency, a top ten one in Romania, maintains that in the first two months of this year bookings for holidays in Antalya, Crete and Rhodes doubled after tourists gave up buying trips to Egypt or Tunisia. read more...

Stock of Dafora Mediaş drilling company (DAFR), controlled by Gheorghe Călburean, registered the strongest increase from the lows reached in February 2009, multiplying investors' money six times over the past two years. read more...

Romanians who fail to pay their pension contributions for three consecutive months may risk contract termination under a draft decision the Labor Ministry has submitted for public debate. read more...

Romania is last in the European Union by the waste recycling rate, Environment Minister Lazlo Borbely said Thursday, adding that the Ministry will allot EUR1.2 billion until 2015 to improve this situation. read more...