Romania's economy is on track for recovery and the probability of a third year of recession is less than 10%, an official of the International Monetary Fund said Tuesday. read more...

The Bucharest City Hall has waived the 3% tax on hotel revenue from accommodation for this year, giving up more than EUR2 million in income, but allowing hotel operators to lower their fees by 3%. read more...

A series of major raids took place at five customs points in Romania starting Tuesday Morning. The points have been monitored for several months as investigators tried to collect enough evidence to prove a series of crimes. Customs checks were halted on both sides of the border. read more...

Three quarters of Romanian children aged between six and 17 use the Internet, 60% of them are contacted by pedophiles and 24% receive sexual messages, according to two studies presented by "Save the Children" and Focus, on Safer Internet Day. read more...

Unions in Romania’s railway sector threaten to go on full-blown strike early March and triggered a work conflict Tuesday as collective work contracts have expired for all three state-owned railway companies. read more...

The Romanian anticorruption prosecutors’ request to have the immunity of democrat liberal MP Dan Pasat didn't garner sufficient votes for approval from the Chamber of Deputies Tuesday. read more...

Romanian and Greek consumers felt the worst effects of the crisis and the high public debt out of all Europeans last year, while Germans were the best off, according to a study by GfK. read more...

Romania made a “wise” move in securing a two-year follow-up deal with the International Monetary Fund, as it will ensure economic stability even in time of elections, IMF mission head Jeffrey Franks said Tuesday. read more...

Romania’s Senate committee for healthcare on Tuesday endorsed the bill introducing a copayment system for public healthcare services. read more...

Romania’s Senate committee for culture on Tuesday recommended that the plenum reject a bill that would force local radio stations to play Romanian music for 40% of their music playing air time. read more...

The cost of pitcoal mining in Valea Jiului (Romanian coal mining area) is 40% higher than the price at which it is sold to thermal power stations. read more...

Banks will resume lending to customers in the real economy because they have sufficient liquidity, anticipates NBR (National Bank of Romania) governor Mugur Isărescu, although bankers are still reluctant to lend, even to each other, more than two years after the shock of the outbreak of the financial crisis. read more...

The Romanian National Bank has a forex reserve nearly double as high as Romania's short-term external debt, and can be considered excessive when compared with that of other central banks in the region, after having received nearly 10 billion euros from the International Monetary Fund (IMF) in the past two years via an arrangement concluded precisely out of fear that the reserve may not be high enough to cover the debt in case of an external shock. read more...

The general manager and another two members of the top management team of NextGen, a cable TV operator owned by Romtelecom, have been replaced with one of the best-known figures in the Romanian cable TV industry, who worked in the past for RCS&RDS, Astral and New Com. read more...

Bankers need to have the customers' consent in order to scrap the addenda created based on Ordinance 50, on making retail loan costs more transparent, even if they were not signed by the debtors and were considered as tacitly accepted, say Constitutional Court judges. read more...

Total Bourse wealth, including listed stock, bonds and the other securities registered with the Central Depository, in 2010 climbed from 73.8bn RON (17.3bn euros) to 80.28bn RON (18.8bn euros), in line with data the Central Depository published yesterday. read more...

On the average segment, consultants consider a third of rented housing units at most have a contract registered with tax authorities. read more...

The follow-up deal between Romania and the International Monetary Fund will keep most taxes unchanged, while arrears will be eliminated gradually, Prime Minister Emil Boc said on Monday. read more...

The restructuring of Romania's mining sector will continue until 2018 and no mines will be closed during this interval, Prime Minister Emil Boc said Monday. read more...

Romanian state-owned companies with losses will be divided in three categories, namely those to be restructured, those to be privatized and those to be liquidated, said Romanian Prime Minister Emil Boc at the completion of negotiations with the International Monetary Fund. read more...