Over half a million unemployed were removed from unemployment statistics in 2010 because they did not renew their job applications with the employment agencies, so they are no longer recorded in the official statistics. read more...

Each Romanian employee in a multinational generated an annual gross profit of 5,898 euros in 2009 to foreign investors, surprisingly nearly 8% higher than that generated by a Western European employee, shows a survey conducted by audit and consulting firm PricewaterhouseCoopers (PwC) Romania. read more...

Four of the six investors decided to withdraw from the two new 4bn-euro reactors of Cernavodă, Romania's biggest investment project of the past 20 years. read more...

Mişu Negriţoiu, who in summer will have run ING Bank Romania for five years, says he does not have a management contract for a definite period of time of three or five years, as is the rule on the market, and that he will stay in this position as long as the Dutch are satisfied with the generated results. read more...

Ecolor furniture producer, owner of a plant in Jucu, Cluj County close to Nokia manufacturing centre, wants to hire around 160 people this year, to reach a 400 headcount. read more...

Sources close to negotiations declared for HotNews.ro that the IMF did not talk about an increase in natural gas prices for the population but on the contrary, came up with a solution to decrease prices by 15%. read more...

Banca Transilvania plans to spur lending by as much as 20% this year, after having boosted lending volumes by 10% last year, and has the biggest demand pick-up expectations from the corporate segment, states Robert Rekkers, general manager of the lending institution. read more...

With only 120,000 people, Ramnicu Valcea is known to security experts across the world as Hackerville because the town is full of online hackers that haunt the city’s streets in expensive European cars, an article in the prestigious American IT magazine Wired reads about Ramnicu Valcea. read more...

The rate of new employments in Romanian companies dropped by 75% on the year in 2009, because of the economic crisis, while dismissals septupled, according to a survey by consultancy firm PricewaterhouseCoopers. read more...

Registrations of Romanian Dacia cars in France increased by 2.5% in January 2011 compared to the same month last year, to 7,749 units, and the overall French car market climbed 8.2%. read more...

Romania’s Health Minister Attila Cseke told a news conference Tuesday that 111 healthcare units of the 435 hospitals administered by the ministry and local authorities will merge and 71 will become nursing homes or permanent assistance units. read more...

Romanian foreign exchange reserves rose to EUR32.69 billion in January, after the International Monetary Fund released a seventh installment of a EUR13 billion stand-by loan, central bank data showed Tuesday. read more...

Romania’s Development ministry plans to spend 17.2 million lei, excluding VAT in promotional ads on international televisions, to promote Romania as a tourist destination and increase awareness on the new national tourism brand. read more...

Some problems raised by Slovenia caused the adoption of Bulgaria’s technical report for Schengen to be postponed, Bulgarian deputy Interior minister Dimitar Georgiev declared, SofiaEcho reads quoting the Bulgarian news agency BTA. read more...

The International Monetary Fund asked Romania to discard regulated prices for the production of electricity and natural gas and to draw up a new calculation formula in this respect. read more...

The average sale price of apartments in Romania’s capital city Bucharest dropped by 12% to 20% in January compared with the same period of 2010, with the highest fall recorded for 4-room flats, according to a survey of AnunturiParticulari.ro real estate website. read more...

The Romanian insurance market will decline at least 5% this year, in an optimistic scenario, as the number of civil liability car insurance policies and their prices will drop 20%, said Tuesday Cristian Constantinescu, head of the Romanian union of insurance and reinsurance companies. read more...

Romanian Prime Minister Emil Boc said Monday evening investments, revising the Constitution and improved labor legislation are the Government’s priorities this year, adding austerity measures are expected to yield results in 2011. read more...

The floatation of Fondul Proprietatea (Property Fund - FP), the most important event on the capital market in the last decade, has settled things at the top of the brokers' ranking, the people behind the scenes who trade millions of euros on the Bourse every day. read more...

Thousands of Romanians have been attracted in the past few years by the mirage of the big gains you can make in a very short span of time via Forex transactions, which offer the benefit that you can conduct transactions several hundred times larger than you could if you used only your own money. read more...