The unemployment rate fell for the ninth consecutive month in December last year, to 6.87%, corresponding to nearly 630,000 unemployed. read more...

Chocolate producer Kandia, one of the best-known Romanian brands, has a new general manager - Mihuţ Crăciun, Red Bull's first head of local operations. read more...

Philippe Lejeune, the Frenchman who has been at the helm of Cora in Romania for ten years, intends to cover all Romanian counties within seven or eight years, which amounts to a radical change of strategy, given that in its over ten years of presence on the Romanian market the retailer has opened only five stores, three in Bucharest, and one in Cluj-Napoca and Baia Mare. read more...

Swedish giant H&M (Hennes & Mauritz), one of the world's biggest clothing retailers, will hire 300 staff by the end of the year, to add to the existing 100-employee team, who largely fill middle-management positions. read more...

Businessman Augustin Oancea, who controls an energy business with a turnover of nearly 100 million euros in 2009, has invested some of his money to acquire Louis Blanc Offices building in Bucharest's Piaţa Victoriei (Victory Square) in an around 6 million-euro deal, real estate sources told ZF. read more...

People who took out Swiss franc-denominated loans in recent years, lured by the smaller nominal interest rates displayed by banks, are now seeing themselves having to pay increasingly higher instalments as the exchange rate is hitting all-time highs. The franc is now 28% stronger against the RON than in late 2008 and 57% higher than in December 2007. read more...

An IMF delegation, lead by Jeffrey Franks will arrive in Romania, from January 25 to February 8 for the seventh evaluation of the agreement signed with the Romanian authorities, a press release of the international institution reads. Negotiations for a new agreement will also be on the agenda. read more...

The auctions for projects financed by the European Union in the fields of transports, energy, environment and regional development will take place according to standard documents, which will be drafted by Romanian authorities in cooperation with European Commission experts. read more...

Romanian carmaker Automobile Dacia's sales on foreign markets grew by 15% last year compared to 2009, to more than 311,000 units, with France accounting for over a third of total exports. read more...

Romanian authorities should “maintain vigilance” over small banks, which are faced with a rapidly deteriorating loan quality and whose provisions are below the system average, the International Monetary Fund said in an analysis. read more...

The International Monetary Fund sees significant upside risks to Romania's 2011 inflation outlook coming from potentially higher food and energy prices and a weakening of the leu, according to the fund's report after the sixth review of the stand-by arrangement. read more...

Romania is not facing a flu epidemic and the four cases of infection with the AH1N1 and AH3N2 viruses registered between January 3 and January 9, 2011 have been isolated, the Health Ministry said Wednesday. read more...

The Romanian leu continued its upward trend in mid-trade Wednesday, on a positive sentiment in the region, and the central bank announced a reference rate of 4.2523 units, from 4.2581 units a day earlier. read more...

Health insurance houses throughout Romania have halted activity until Monday to fix problems with the IT system used to keep tabs on social healthcare contributions. read more...

Romtelecom will lay off about 1000 to 1400 employees this year to cut costs and increase the efficiency, the operator announced. Romtelecom launched over 20 transformation projects that will take place until 2013 and aim at improving processes, from sales to installation, increasing efficiency in call centers and shops or simplifying the products portfolio. read more...

Romania should not take up loans from the IMF, but from international markets, like China or Russia because IMF measures are more costly, PSD leader Victor Ponta declared in an interview for HotNews.ro. read more...

Romanian unemployment rate fell to 6.87% in December, from 6.95% a month earlier, the country’s employment agency ANOFM said Wednesday. read more...

Romanian consumer prices rose by an expected 0.53% on the month in December, matching November figures, and the annual inflation accelerated to 7.96%, the country’s statistics institute INS said Wednesday. read more...

Romanian political leaders are going public with tough statements on the policy of making fuel prices more expensive pursued by players in the oil sector, but what their statements have in common is the lack of solutions. read more...

The number of companies that sought protection under insolvency law rose by 9% compared with 2009, with the number of voluntary deregistrations up by 292%, while the number of voluntary dissolutions fell 78%, with the number of companies suspending their operations down by over 50%. read more...