American giant Pfizer, the world's biggest drug maker, with 68 billion dollars (50 billion euros) in turnover in 2010, has become the owner of a food supplements plant in Cluj, with over 5 million euros in annual sales. read more...

Profi retailer, controlled by Enterprise Investors investment fund, operating on the discounter segment, plans to go beyond the mark of 100 stores in Romania, from 83 at present. read more...

Romanian authorities will present, next week, on February 23rd to the European Commission the model proposed to use 84 million euro of EU funds to develop an internet broadband solutin in poor areas of the country, Communications Ministry officials declared for Hotnews.ro. read more...

Romanian President Traian Basescu visited the National Central Bank (BNR) headquarters on Monday afternoon in an attempt to convince BNR Governor Mugur Isarescu accept the seat of prime minister, according to sources close to the Presidency. They said the president arrived at the BNR HQ at about 4 p.m. read more...

Romanian TV and radio stations breaching legislation on "personality rights," "protection of dignity" or "presumption of innocence" may get fined between 60,000 and 200,000 lei (EUR1=RON4.2490), according to a bill amending the Law on audiovisual broadcasting. read more...

Romanian cable TV providers will no longer be obliged to carry private TV stations, according to a bill amending the Law on audiovisual broadcasting, put forward by a number of democrat liberal MPs. read more...

European Commission Vice President Viviane Reding commented in a talk show for RFI and TV5 Monde the recent arrests at Romania’s customs saying that investigations which ended with the arrest of tens of customs and police officers prove that justice is starting to work in Romania. read more...

About 1,000 Romanians protested Monday in the Victoriei Square in capital Bucharest against the sale and consumption of psychedelic plants. read more...

Romanian land prices should not decrease greatly in the near future, and adjustments should fit within negotiation margins, real estate consultancy firm Colliers said Monday. read more...

About 5,500 Romanian miners working at National Lignite Company SNLO and thermal power plants Turceni, Rovinari and Craiova might be put on furlough in the next two years, National Union Bloc (BNS) vice-president Ioan Pisc said Monday, after talks with Labor Minister Ioan Botis. read more...

Romania's Government opposes the introduction of civil unions, which can provide legal recognition for domestic partnerships, including same-sex unions, arguing that the only form of domestic relationship allowed under the Civil Code is marriage between two people of different genders. read more...

Romania's population decreased by 6,979 people on the month in December 2010, according to data released Monday by the National Statistics Institute (INS). read more...

Two Romanian lawmakers have submitted a bill in Parliament that would force supermarkets to have special designated areas for traditional Romanian products, in a bid to support the local economy. read more...

Romanian Electrica Serv, the maintenance unit of state-run electricity supplier and distributor Electrica, cut some 1,400 jobs since the beginning of the year, a measure included in the company’s restructuring process. read more...

Romanian consumer prices rose 0.77% on the month in January, while the annual inflation eased to 6.99%, the country’s statistics institute INS said Monday. read more...

The Transportation Ministry neither is nor has been a poor ministry, so if things are going badly, it is out of ignorance, carelessness or ill will. Former transportation minister Radu Berceanu made one mistake - he trusted people who were not professionals, says transportation minister Anca Boagiu. read more...

The economy remained in recession in the fourth quarter of 2010, with a 1% annual decline and a 0.3% quarter-to-quarter decrease, BCR analysts estimate. read more...

Romania's public debt continued to rise last year at a fast pace of 31.6%, amid massive state borrowing, and reached 194 billion RON (46 billion euros), accounting for 38% of GDP. read more...

Emil Delibashev, country manager of British Airways for the Balkans, who runs operations of the airline in 11 countries, says Romania continues to be the "Balkan locomotive", although the number of passengers transported to and from Bucharest fell 20% last year and revenues were down 15%. read more...

Gold is currently almost 7% below the peak reached in late December, and the broad variations registered at the beginning of this year have certainly caused a headache to investors lured by the precious metal's spectacular increases of the passed years. read more...