Romania fulfilled and continues to fulfill its obligations assumed for joining Schengen and there is no clue that, once it joined, it would general risks regarding illegal immigration, Romanian President Traian Basescu declared on Thursday in a meeting with accredited Ambassadors to Bucharest. read more...

Romanian gross domestic product per capita is bound to remain below the 2008 level until 2013 or 2014, according to estimates of Coface ratings agency. read more...

H&M, the world's largest clothing retailer, announces that it plans to enter the Romanian market in full force this year, by opening its first Romanian stores in the retail centers. read more...

Steven van Groningen, head of the Raiffeisen Bank, the seventh leading local bank, says he has been seeing an increase in demand from companies and expects it to be the growth driver for the lending business for the rest of the year. read more...

Plus stores in Bucharest are crowded, both down the aisles and at the cash tills, where at least three, four people are waiting to pay for the products in their shopping carts, after taking advantage of the "permanent discounts" announced by the company both on its website and all across the stores. read more...

UniCredit wants to gain market share on the Romanian retail market, and is set to focus on opening branches, as well as on developing distribution through alternative channels, says Gianni Papa, head of operations of the Italian group in Central and Eastern Europe. read more...

Bancpost will become a stronger player on the corporate banking segment, to match its performance on the retail segment, says Peter Weiss, appointed as CEO of the bank controlled by the Greek at Eurobank. read more...

The constructions and the agriculture sectors are two of the essential factors in the revival of the Romanian economy in 2011, believes Emil Pop, general manager of Rehau Polymer, local subsidiary of German group Rehau, with 48.5 million-euro turnover last year in Romania. read more...

JW Marriott hotel, the biggest five-star hotel on the Bucharest market, which operates 402 rooms, has put off the several million-euro investment in room renovation scheduled for this year, as well as the investment in renovating the ten small conference rooms and Constanţa Ballroom. read more...

The number of Romanians working for Microsoft's subsidiaries in the US, Ireland and Denmark is double the number of employees of the world's biggest software company in Romania. read more...

Several brokerage firms have earmarked thousands of euros to be placed first in the results returned when investors look up Fondul Proprietatea on Google. The stake is the trading fees brokers would stand to collect if users decided to work with them to buy and sell shares in the fund. read more...

The Romanian Labor Code provisions on collective layoffs do not apply to the employees of public institutions or authorities, or to definite-period individual work contracts, according to the latest draft of the amended Code, obtained by Mediafax. read more...

Temporary employees may receive a lower salary than a permanent employee on the same position, although not lower than the guaranteed minimum wage, says the latest draft of Romania's amended Labor Code, obtained by Mediafax. read more...

Economy ministry relies in 2011 on revenues of 3.11 billion lei of which 2.88 billion lei would come from privatizations. read more...

PM Boc found the solution to push ministers to launch investment projects: he threatened that all ministers who will fail to respect the government’s investments objectives will answer politically. read more...

The top three cigarette producers on the Romanian market hiked cigarette prices by 0.3 lei (EUR1=RON4.2626) per pack this week. read more...

Romania's Labor Ministry has shifted the burden of proof in a work conflict back onto the employer, according to the latest draft of the amended Labor Code, obtained by Mediafax. read more...

The Romanian Government on Wednesday decided the “First Home” program will continue this year with a state guarantee ceiling of EUR200 million, which might be increased in July for the second half of 2011. read more...

The Romanian Defense Ministry presented on its website the situation regarding recalculated military pensions, based on income statements filed by Wednesday, which shows 25,798 pensions have been recalculated, of which 18,293 will be raised. 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, according to a draft ordinance by the Ministry of Transport. read more...