Italian utilities group Enel appointed Luca D’Agnese as chief executive of its Romanian unit, replacing Claudio Zito, whose mandate expired. read more...

The price of crude oil is not yet fully representative of the Middle East turmoil, so it will keep rising to some $150 per barrel, before falling down in the seond half, according to Erste group analysts. read more...

Trains will stand still for two hours on March 16, the day when the Romanian Parliament votes on a censure motion against the current government, as railway trade unions announced a warning strike to mark the event, news agency Agerpres reports. read more...

The Supreme Court rejected on Thursday an appeal submitted by the Dan Voiculescu, founding president of the Conservative Party, against a previous decision by which he was declared a collaborator of the Ceausescu-era political police, the Securitate. read more...

Romanian businessmen Dinu Patriciu and Frank Timis have been included in this year’s wealthiest people list compiled by Forbes. read more...

ING Bank, the local branch of the Dutch group, ended last year with a 128 million-lei gross profit, up 52% against 2009 due to the significant cut in provision costs. read more...

Romanian consumer prices rose 0.77% in February from a month earlier, while the annual inflation accelerated to an unexpected 7.6%, the country’s statistics institute INS said Thursday. read more...

Mugur Isărescu, Governor of the NBR, has become extremely optimistic about the trend of the economy, announcing he expects Romania to post 4-5% growth next year, and 1.5% growth this year. He says the Romanian economy is currently stabilised and ready for a new cycle of "sustainable" growth. read more...

Greek-held Olympus, French-held Danone and Romanian-held Albalact are the owners of the top three milk processing facilities in Romania. They account for around 25% of the overall capacity of the 100 or so facilities operating on the Romanian market. read more...

The over 130 officials and heads of the biggest companies in the six richest Arab countries, Bahrain, Kuweit, Qatar, Oman, Saudi Arabia and the United Arab Emirates, present in Bucharest in the last few days, are willing to bring hundreds of millions of euros to Romania, estimates a journalist from the English language newspaper Bahrain Tribune. read more...

Banks have turned on the tap of funding for real estate projects again, with the development of two new malls - Electroputere Craiova and Colosseum Bucureşti - and the acquisition of the Praktiker store in Craiova being financed through bank loans worth a cumulated 70 million euros. read more...

2011 starts in full speed for funds present on the Bucharest Stock Exchange. Their rise comes after two years - 2007 and 2008 - in which the Bucharest Stock Exchange became almost synonymous with loss, and investors only wanted a safe place to keep their money, in a bank deposit or a monetary fund. read more...

Premium cars, with prices that start from over 20,000 euros, went up twice as fast as the market, despite volumes being half what they were in the same period of 2008. read more...

BCR, the biggest bank on the market, will strongly re-tap into the consumer lending and credit card markets only as it sees there is demand, since it is not interested in participating in the shaping up of an unhealthy market, states Oana Petrescu, retail executive vice-president. read more...

Alexandru Dobrescu, general manager of Air France KLM airline, which operates daily Bucharest-Paris and Amsterdam flights, maintains that 35% of the company's revenues come from contracts signed with several hundred companies, with these being like a safety belt during the economic downturn. read more...

Atlassib and Eurolines, the two biggest road passenger carriers, with cumulated turnover worth 75m euros last year, are set to renew their fleets by acquiring 20 coaches overall, in the wake of investments of as much as 5m euros. read more...

Former Romanian minister Vasile Blaga on Wednesday defended himself against suspicion of involvement in customs corruption by saying that he has never proposed to head a customs office. read more...

The Romanian Government on Wednesday decided to reduce the length of child adoption procedures. read more...

Romanian Competition Council asked the government to extend the deadline by which the authority had to present the conclusions of its investigation on the price increases on the local fuel market, people close to the matter told Mediafax. read more...

Romania's Government has increased the budgets of the Ministry of Justice, Foreign Intelligence Service (SIE) and Special Telecommunications Service (STS) by more than 35 million lei (EUR1=RON4.1902), to cover the higher pension fund contribution rates. read more...