The recent International Monetary Fund and European Union announcement that they have halted talks with the Hungarian government which were supposed to unlock a new loan installment for the country has sent the Hungarian currency down on Monday, according to international media.

Former soccer player and current investor Gica Popescu (in picture) will invest EUR 10 million in a retail center in Rahova area of Bucharest, which will be called Doldora Bazaar, the businessman has announced. The retail center, which will sell both en-gross and en-detail products, will be built on the premises of a former industrial platform in the city.

The energy consumption in Romania, which was down in Romania last year on the previous, has actually managed to increase in the first seven months of this year, by 5.23 percent, compared to the same period of last year.

Enel Gren Power Romania and local company Elcomex will together build a wind farm in Dobrogea, the companies have...

Romanian media

Dacia to export over 1.5bn euros’ worth of Duster SUVs next year – in Ziarul Financiar

Head of Asirom...

With 6,000 houses damaged by the recent floods and no previous home insurance, the Romanian state will have to pay out EUR 400 million to rebuild some of these houses and the other damaged caused by flooding in the country. Government representatives estimate the value of the damages could even reach EUR 450 million, according to Mediafax newswire.

Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.

Investment fund Bancroft has bough the bulk in local transport company Dumagas Transport, the two companies have...

The minimum tax will be canceled this fall while the flat tax will be kept, according to Romanian Prime Minister Emil Boc. Progressive taxation will fail to raise more money to the state budget compared to the current revenues.

The average contribution to mandatory private pensions for each contributor went up 22 percent in June compared to the...

The recent International Monetary Fund and European Union announcement that they have halted talks with the Hungarian government which were supposed to unlock a new loan installment for the country has sent the Hungarian currency down on Monday, according to international media.

Former soccer player and current investor Gica Popescu (in picture) will invest EUR 10 million in a retail center in Rahova area of Bucharest, which will be called Doldora Bazaar, the businessman has announced. The retail center, which will sell both en-gross and en-detail products, will be built on the premises of a former industrial platform in the city.

The energy consumption in Romania, which was down in Romania last year on the previous, has actually managed to increase in the first seven months of this year, by 5.23 percent, compared to the same period of last year.

Enel Gren Power Romania and local company Elcomex will together build a wind farm in Dobrogea, the companies have...

Romanian media

Dacia to export over 1.5bn euros’ worth of Duster SUVs next year – in Ziarul Financiar

Head of Asirom...

With 6,000 houses damaged by the recent floods and no previous home insurance, the Romanian state will have to pay out EUR 400 million to rebuild some of these houses and the other damaged caused by flooding in the country. Government representatives estimate the value of the damages could even reach EUR 450 million, according to Mediafax newswire.

Just days before an International Monetary Fund mission is expected in Bucharest for another review of the stand-by agreement with Romania, neighbor country Hungary, which has taken a similar size loan package from the IMF is likely to be denied access to the remaining of its financing package. The IMF and the European Union have suspended evaluation discussions with Hungarian government representatives, warning the country needs to take drastic measures to cut the budget deficit.

Investment fund Bancroft has bough the bulk in local transport company Dumagas Transport, the two companies have...

The minimum tax will be canceled this fall while the flat tax will be kept, according to Romanian Prime Minister Emil Boc. Progressive taxation will fail to raise more money to the state budget compared to the current revenues.

The average contribution to mandatory private pensions for each contributor went up 22 percent in June compared to the...