Pope Benedict the 16th will be retiring today from the Vatican, a difficult blow received by the Catholic Church, but also by the supporters of the European integrationism and globalization. The fact that several days have elapsed between the initial announcement and the resignation itself mitigated the shock and made the transition easier. Pope Benedict the 16th yesterday mentioned "the stormy waters" of his rule as a Pontiff, while saying that "God would not let the Church sink", during his last hearing in front of over 150,000 people gathered in the Saint Peter Square. "I am truly moved and I see the Church live", said the Pope, to the crowd's acclaim. read more...

Last year, BCR saw a total loss of 1.2 billion lei (277 million euros), amid the increase of loan-loss provisions, by 68.2%, according to bank officials. read more...

Over 250 companies from more than 25 countries, along with over 50 tourism regions in Romania will attend the Romania’s Tourism Fair (TTR) to take place at the Romexpo Exhibition Center of Bucharest March 14-17. read more...

Romanian Prime Minister Victor Ponta on Tuesday, February 26, will pay an official visit to Copenhagen, during which he will have meetings with Danish Government head Helle Thorning-Schmidt, with Kingdom of Denmark Crown Prince Frederik, with Danish business community representatives, but also with personalities who marked the European politics over the past few years. read more...

Rompetrol Group will repurchase a part of the stock held by the Romanian state in Rompetrol Rafinare (the operator of the refineries Petromidia Navodari and Vega Ploiesti), and will continue to be a significant shareholder of the company in the County of Constanta, according to a release issued by the company on Friday. read more...

The meeting of Romanian President Traian Basescu and Pope Benedict XVI ended with the two personalities exchanging gifts. read more...

Cernavoda nuclear reactors 3 and 4 and the Tarnita-Lapustesti hydro-power plant are two projects that need to be carried out jointly, Minister-delegate for infrastructure projects of national interest and foreign investments Dan Sova declared in a televised show. read more...

Pope Benedict the 16th has announced his resignation starting with February 28th. Pope Benedict 16th says that he no longer has the "strength" needed to lead the Church due to his age (86 years). read more...

Romania’s National Bank (BNR) has the same economic growth assessment like that by the International Monetary Fund, BNR governor Mugur Isarescu told a news conference. read more...

Over the last trading sessions, Manchester Securities, a company controlled by American hedge fund "Elliott Associates", has acquired over 73 million shares of the Proprietatea Fund (FP), representing over 0.5% of its share capital. read more...

The major Chinese producer of wind turbines and the second in the world, Sinovel Wind Group, aims to invest in Romania in building wind farms, but also in a wind turbine plant, announced the Chamber of Commerce and Industry of Bucharest (CCIB). read more...

The visiting International Monetary Fund (IMF) delegation discussed with the National Bank of Romania (BNR) officials on Friday about the money policy and the net foreign assets, sources close to the talks. read more...

ArcelorMittal steel maker of Galati (southeastern Romania) plans to increase its presence on Romania’s wind turbines market, through adjusting its production to meet the industry’s demand, and improving the service quality and the delivery deadlines, said the Company’s PR director Dorian Dumitrescu. read more...

Regionalization will not be made along ethnic lines, but on the basis of development, economic criteria, the main objective of the administrative organization, respectively the establishment of administrative regions, being to reduce development disparities, said Deputy PM Liviu Dragnea, also Minister for development. read more...

Romania ranks first in the European Union by the cut in the budget deficit, which has been narrowed by 2.5 billion euros, Prime Minister Victor Ponta said on Thursday evening. read more...

The Government proposes budgetary discipline, instead of austerity, development through supporting the private environment and social equity, Premier Victor Ponta said on Thursday, January 10, at the end of the presentation of some elements of the budget for the current year. read more...

The share of Romanians who would want to be their own bosses – 48 percent – is one of the highest in the EU states, being exceeded in this chart only by the Portuguese, Latvians, Lithuanians, Bulgarians and Greeks, shows a Eurobarometer released in Brussels on Wednesday, on the occasion of the European Commission’s (EC) presenting an action plan to stimulate entrepreneurship. read more...

The Parliament will gather in an extraordinary session on January 21 to adopt the draft budget and other draft resolutions of the Government to be adopted right away, said PM Victor Ponta on Friday. read more...

Minister of the Environment Rovana Plumb will present the government convened in a sitting this Friday the project of the green stamp tax that will replace the first registration tax charged on vehicles. read more...

The Government will meet on Friday in its first meeting this year, going to discuss the state budget for 2013 and the impending visit to Romania of the International Monetary Fund delegation. read more...