Romania’s Government will draft an emergency decree on the recalculation of military pensions by February 1, when the Parliament resumes works, Government spokeswoman Ioana Muntean told Mediafax Wednesday evening. read more...

Bankers kept private lending "frozen" last year and, in the absence of funding, the Romanian economy ended up being the only country in negative territory apart from Greece, more than two years after the 2008 financial crisis. read more...

Ion Ţiriac, Gheorghe Dolofan and Michael Schmidt, the last Romanians to hold companies with several tens or hundreds of millions of euros in turnover on the Romanian auto market, sold nearly 16,800 cars last year, with nearly one in six cars sold on the Romanian market originating from one of the three businessmen. read more...

Over 1,000 German and Austrian-held companies present on the Romanian market said they would increase salaries by an average 7.9% this year, show the results of a survey conducted by Austrian executive search company Kienbaum conducted in April-August 2010. read more...

Commercial banks last year paid 276.84 million RON (65.9 million euros) as banking corporate tax, with the amount being around four times lower than that paid in 2009, according to data sent to ZF by the Finance Ministry. read more...

Several residential complexes in Bucharest continue to have hundreds of apartments available, as a result of projects being completed in full crisis, with only 42 families having moved into the two Monaco Towers blocks of apartments in Berceni so far, after Lebanese-held Marble House built 304 apartments. read more...

The domestic subsidiary of Spain's FCC Construccion constructions group, with turnover of around 110m euros last year, wants to expand its operations, adding railway or airport infrastructure works, whereas it has so far contracted only road infrastructure projects domestically. read more...

Austrian insurer Vienna Insurance Group (VIG), which controls Omniasig, Asirom, BCR Asigurări and BCR Asigurări de Viaţă on the Romanian market, underwrote gross premiums of 536 million euros from operations conducted in Romania, 12.8% less than in 2009. read more...

Fondul Proprietatea's stakes in unlisted companies, the state's "crown jewels", are valued on the Bourse at less than 25% of the value they were registered at in the Fund's net asset in late December. read more...

Denmark's Vestas, the world's leader in the field of wind farm technology, with turnover worth above 6bn euros in 2009, decided to open an office in Romania this year considering the company has already sold turbines with a 450 MW capacity for investments in Dobrogea. read more...

Romanian drivers will be required to use snow tires or all-season tires during the winter months, or face fines between 2,500 and 4,000 lei (EUR1=RON4.2619), Transport Minister Anca Boagiu announced Wednesday. read more...

Romanian pensioners and war veterans will be issued travel smart cards, for use in county and inter-county road transport, and transport firms will be required to outfit their vehicles with card readers, as per a Government Decision issued Wednesday. read more...

Fuel resellers cannot blame pump price hikes on the local taxation, Wednesday said Romanian Prime Minister Emil Boc, who called for additional inspections by the tax and competition authorities targeting the oil companies. read more...

Zubin Mehta, Daniel Barenboim and Vadim Repin are among the artists who confirmed they participation at the George Enescu festival in 2011, organizers declared on Wednesday. read more...

A 39-year-old woman in Arad, western Romania, who has recently returned from Italy, has been diagnosed with the AH1N1 flu virus, local health department representatives said Wednesday. read more...

Romanian authorities are forbidden to approve urban planning documents legalizing constructions built without authorization, according to a draft Government decree drawn up by the Regional Development and Tourism Ministry. read more...

Romanian tax authorities will verify whether the financial reports of local oil companies include unjustified expenses aiming to reduce their real profit and if their declared fiscal losses are grounded. read more...

The hike in 2010 of pump prices in Romania was groundless and did not reflect the evolution of international quotes for crude oil, exchange rates and duties and fees, while most of the local oil firms reported significant losses, and their real profits were not reflected accordingly. read more...

Romanian tax authority ANAF will refund in January value added tax to companies worth 1.36 billion lei (EUR1=RON4.2621), the highest sum returned so far in a single month, the authority said Wednesday. read more...

Romanian capital city Bucharest would be promoted as a tourism destination for city-break travels, the Romanian Regional Development and Tourism Ministry says, seeking to buy a strategy to promote the city. An announcement in this regard is expected to be published on Wednesday. read more...