The austerity measures taken by the Romanian government, which were initially announced to end in 2011, will have to be kept next year so that the country can achieve the targets it has agreed with the International Monetary Fund (IMF).

The Romanian Central Bank (BNR) has kept the key interest rate at 6.25 percent, as expected by market analysts. BNR has also decided to keep the mandatory minimum reserves in the system to 15 percent for passives in Romanian currency and 25 percent, for those in foreign currencies.

UniCredit Tiriac Bank posted a net profit of EUR 36 million in the first half of this year, down 18 percent on the same period of 2009, the bank has announced.

The bank's total revenues were of EUR 158.4 million, up 10 percent.

German media group Waz, which has recently said it would exit from several markets in the Balkans area, Romania included, was disappointed by the region, according to a statement made by its president Bodo Hombach, for Deutsche Welle.

The Bucharest-based subsidiary of Gazprom Marketing & Trading Limited has recently received the approval to supply natural gas in Romania. The license issued by the Romanian Energy Regulatory Authority (ANRE) is valid for one year.

Local construction materials producer AdePlast increased its turnover by 25 percent in the first half of the year compared to the same period of last year, to EUR 13.7 million, the company has announced.

Over 86 percent of Romanians would leave to work abroad, should they have the opportunity, founds a recent study carried on by the recruitment website myjob.ro. Half of the respondents in the study would leave the country to get a job for which they are already qualified, while an extra 25 percent said they would leave the country at any time.

Cable company UPC Romania posted a one percent increase in its revenues in the second quarter of this year, compared to the same period of last year. However, the company's subscribers dropped in number – down 3.1 percent. The company has lost analog cable customers due to the difficult market conditions, as well as to the promotion of digital and high definition TV services.

BCR has recently issued bonds worth EUR 3 million on the Luxembourg market. The bonds come with an eight-year timeline and a zero coupon.

The International Monetary Fund was content with the results of discussions in Bucharest, as part of the review mission which should end today, according to the head of the mission, Jeffrey Franks.

The austerity measures taken by the Romanian government, which were initially announced to end in 2011, will have to be kept next year so that the country can achieve the targets it has agreed with the International Monetary Fund (IMF).

The Romanian Central Bank (BNR) has kept the key interest rate at 6.25 percent, as expected by market analysts. BNR has also decided to keep the mandatory minimum reserves in the system to 15 percent for passives in Romanian currency and 25 percent, for those in foreign currencies.

UniCredit Tiriac Bank posted a net profit of EUR 36 million in the first half of this year, down 18 percent on the same period of 2009, the bank has announced.

The bank's total revenues were of EUR 158.4 million, up 10 percent.

German media group Waz, which has recently said it would exit from several markets in the Balkans area, Romania included, was disappointed by the region, according to a statement made by its president Bodo Hombach, for Deutsche Welle.

The Bucharest-based subsidiary of Gazprom Marketing & Trading Limited has recently received the approval to supply natural gas in Romania. The license issued by the Romanian Energy Regulatory Authority (ANRE) is valid for one year.

Local construction materials producer AdePlast increased its turnover by 25 percent in the first half of the year compared to the same period of last year, to EUR 13.7 million, the company has announced.

Over 86 percent of Romanians would leave to work abroad, should they have the opportunity, founds a recent study carried on by the recruitment website myjob.ro. Half of the respondents in the study would leave the country to get a job for which they are already qualified, while an extra 25 percent said they would leave the country at any time.

Cable company UPC Romania posted a one percent increase in its revenues in the second quarter of this year, compared to the same period of last year. However, the company's subscribers dropped in number – down 3.1 percent. The company has lost analog cable customers due to the difficult market conditions, as well as to the promotion of digital and high definition TV services.

BCR has recently issued bonds worth EUR 3 million on the Luxembourg market. The bonds come with an eight-year timeline and a zero coupon.

The International Monetary Fund was content with the results of discussions in Bucharest, as part of the review mission which should end today, according to the head of the mission, Jeffrey Franks.