A third of the mutual funds in business for more than three years brought profit to investors during the 2007-2010 period, with the strongest performance, of 43%, being registered by the ones investing in bonds and banking deposits. The rest of over 20 funds are in the red. read more...

The good news for 2011 is that bankers are in one voice speaking about rising lending after two years when the amount of private sector funding has dropped in real terms, yet the first targeted are exporting companies, those accessing European funds or energy ones. read more...

Works for Romania's largest investment project, reactors 3 and 4 of Cernavodă nuclear station put at 4bn euros, are likely to start in 2012, two years later than originally scheduled. read more...

The listing of Fondul Proprietatea (FP) is a huge stake for domestic brokers, as current estimates point to at least doubling transactions on the Bourse once FP shares start trading. read more...

Romanian carmaker Dacia sold 62,826 Logan models in Russia in 2010, up 17% from 2009, ranking sixth among the best-sold brands, on a market which grew 30%, to 1.9 million units. read more...

Romania will register an economic growth of 1.2%, and the annual inflation rate will fall towards 4.3% in December, the association of financial and banking analysts AAFBR said in a survey Thursday. read more...

Romanian TV star Serban Huidu is feeling well and started recovery exercises at the Innsbruck hospital, but for now, doctors cannot say when he will be able to return to Romania, Romanian news agency Mediafax reads quoting representatives of Prima TV news television. read more...

Romanian officials and Chinese governmental officials agreed on Wednesday, at Beijing, the organization of a bilateral economic forum in 2011 at Bucharest in the IT&C sector, Communications minister announced on Thursday. read more...

Romanian fiscal authorities Wednesday started a series of unannounced inspections targeting the pricing algorithms, taxable profits and accounting methods of oil companies, according to Sorin Blejnar, the president of tax authority ANAF. read more...

The European Commission's Directorate-General for Taxation and the Customs Union supports Romania's request to apply reverse taxation on cereal and will forward the paperwork to the Council of the European Union for approval, said Sorin Blejnar, head of Romania's tax authority ANAF. read more...

Romania’s state-owned railway company CFR SA will modernize ten train stations in the country for an estimated 332.8 million lei (EUR1=RON4.2564) net of VAT, the company said Thursday. read more...

Foreign Direct Investments ncreased in the first 11 months of 2010 to 2.26 billion euro, a 25.5% drop compared to the similar period in 2009 of 3.04 billion euro, Romania’s National Central Bank data reads. read more...

Starting this year, Romania will join the European Semester, which means that the 2012 budget will be first presented to the EU Finance ministers before it will be sent to the Parliament for approval. read more...

The number of medical leaves granted last year in Romania decreased 45% compared to 2009 following the introduction of a stricter system, the Health Ministry said in a press release Thursday. read more...

The Romanian Reserve and Retired Military Staff Union on Thursday will file criminal complaints against Prime Minister Emil Boc, Defense Minister Gabriel Oprea, Interior Minister Traian Igas and Romanian Intelligence Service director George Maior for discarding court rulings on military pensions. read more...

The World Bank included Romania, alongside other five countries, in the category of developing economies in Europe and Central Asia undergoing the most serious restructuring, according to the bank's Global Economic Prospects 2011 report released Thursday. read more...

Romania's current account deficit widened 23.5% to EUR5.17 billion in January-November 2010, from a gap of EUR4.19 billion in the year-earlier period, due to the lower current transfers surplus and an increasing deficit of the incomes balance, central bank data showed Thursday. read more...

Fondul Proprietatea (Property Fund - FP) rush has taken over Romania this winter and the tens of millions of euros expected to enter Romania after its floatation on the Bucharest Stock Exchange are making many shareholders already dream of becoming millionaires. read more...

Romtelecom, one of the leading communications operators in Romania, is preparing to launch one of the toughest restructuring programmes in recent history, which could leave the operator short of up to 1,400 employees against the end of 2010 considering that the company intends to continue to boost its number of clients. read more...

Romania's overall debt will reach a peak of around 82% of GDP this year, a major increase against the 51% recorded at the end of 2008, but resumption of economic growth will allow for the debt to return to manageable levels in the medium run, according to the latest IMF report on Romania's economic situation. read more...