Film director Sergiu Nicolaescu died at the age of 82 on Thursday at the Elias Hospital in Bucharest, TV news channel report. read more...

Prime Minister Victor Ponta told private news channel Romania TV he wants his Government to cut the value-added tax (VAT) on basic foodstuffs, but he underscored there is need of a ‘fine tuning’ between the budget-related obligations and the accords with the International Monetary Fund (IMF) for this to happen. read more...

The Romanian total natural gas demand for Jan. is put at 21.992 million megawatt hour (MWh), reveals a proposal made in the substantiating report drawn up by national gas supplier Transgaz that was sent the National Energy Regulatory Authority. read more...

PM Victor Ponta asked the ministers on Thursday at the Government meeting to prepare the budget by January 7, when the delegation of the International Monetary Fund (IMF) is expected to come to Bucharest. read more...

Investments in the Bucharest Stock Exchange (BVB) top-liquid shares posted an average return of 16.56 percent this year, as measured by the BET index that tracks the performance of the top-liquid 10 issuers, compared to other financial investments. read more...

The 2013 budget of the Ministry of National Defence (MApN) will also include the necessary amounts for the acquisition of multirole fighter aircraft, Defence Minister Mircea Dusa told a press conference on Wednesday. read more...

The priority for the Romanian economy is represented by the reforms in the state-owned companies, in the fiscal revenues collection, in the public expenditure management, in education and in health, according to ‘The Governance Programme 2013-1016,’ remitted on Thursday. read more...

Social Democrat Valeriu Zgonea on Thursday was elected Speaker of the Chamber of Deputies by a vote of 345 to 38. read more...

Prime Minister Victor Ponta said Thursday in Brussels that Romania has to make efforts to join the Eurozone, and that it certainly will not take this step before it is ready to do so. read more...

Romania should join the Exchange Rate Mechanism II in order to be able to switch over to the European single currency some time in 2017-2020, according to findings in a study called ‘The balance exchange rate and its factors – Case study Romania,’ released on Thursday by the National Economic Projections Board (CNP). read more...

The Romania authorities will send the EU Commission a plan of the natural gas supply security and an answer on the banning of the natural gas exports, by Friday, State Secretary with the Ministry of Economy, Trade and the Business Environment Rodin Traicu told. read more...

Last of the 240 wind turbines in Fantanele-Cogealac wind farm (south-east, on the Black Sea shore) was connected to the national power grid, CEZ Group spokesman Angelica Barbu on Friday. read more...

President Traian Basescu says the European Union will ultimately reach an agreement on its 2014-2020 budget, although he underscored there still are many obstacles to achieving an accord and he cited the downturn, the net contributors who want to cut the contributions and the beneficiaries who want a reasonable European budget to be maintained. read more...

Several commercial banks participate, at present, in a simulation program of the National Bank of Romania (BNR) on the establishment of a bridge bank, but that also means additional costs for the banks said President of the Romanian Banking Association (ARB) Radu Gratian Ghetea. read more...

The funding pressure put on the state budget will be much lower next year, given the deficit target and the macro-economic indicators, Public Finances Ministry’s deputy director general Laurentiu Dumitru Andrei told a news conference. read more...

Romania marks, on Wednesday, November 21, ten years since it officially received the invitation to join the North Atlantic Treaty Organization (NATO). read more...

Romania is arguing that paragraph 45 in the draft European Budget proposed by European Council President Herman van Rompuy that sets up a link between the future cohesion policy allocations and the absorption rates for 2007-2011 is unacceptable because it is affecting it, Romania’s Minister of European Affairs Leonard Orban said Tuesday in Brussels after a meeting of the EU’s General Affairs Council (GAC). read more...

Romania will finish the current agreement with the International Monetary Fund (IMF) in January 2013, two months earlier than planned, and will conclude a new agreement in February, according to Minister of Public Finance Florin Georgescu. read more...

Romania has a strategy of re-industrialization, and this Government’s priority areas are energy, machine constructions, but also food industry, Minister of Economy and Business Environment Business Daniel Chitoiu said in an interview. read more...

The number of foreign visitors in Romania, registered at the border, were 6.26 million in the first nine months of this year, growing by 5.8 percent compared with the same period last year, according to preliminary data released on Friday by the National Institute of Statistics (INS). read more...