Romania's industrial output went up by 12 percent last year, mostly due to growth in the manufacturing industry, according to data from the National Statistics Institute. The mining industry took a nosedive of 5.3 percent last year on 2009.

IT&C distribution company Asesoft Distribution posted a turnover of EUR 145 million in 2010 and hopes it will reach EUR 165 million in 2011, the company has announced. Last year's results reflected a 45 percent increase on the previous year. The company thus targets a 14 percent turnover increase on an IT&C distribution market which is expected to grow by 10 percent.

Romania’s three opposition parliamentary parties on Saturday signed a protocol forming the Social-Liberal Union, a political alliance of liberals, conservatives and social democrats.

Romania will not draw the last installment of its loan from the International Monetary Fund, of EUR 1 billion, and will use only the disbursement from the European Union, Romanian president Traian Basescu said on Sunday evening.

Lufthansa German Airlines carried 615,000 passengers in and out Romania last year, a 10 percent higher passenger volume compared to 2009, according to Stefan Versemann, the company's manager for Romania and the Republic of Moldova.

The World Bank will offer Romania EUR 750 million for healthcare and social assistance programs, as well as deliver the third and last loan installment, of EUR 400 million, which should cover development policies.

Swedish retailer H&M will open the first store in Bucharest on March 25 in AFI Palace Cotroceni shopping center. The store will be located on two floors in the shopping center. The retailer plans to open six stores in the first half of 2011.

The Romanian Central Bank (BNR) has decided to keep the key interest rate at 6.25 percent during its second monetary policy meeting of the year.

Telecom company Vodafone Romania witnessed its average revenue per user drop to EUR 6.2 in the third quarter of last year, from EUR 7.6 in the same quarter of the previous year.

Millennium Bank Romania posted a loss of EUR 24 million in 2010, which was down 38 percent on 2009, the bank has announced. The year before, the bank had posted a loss of EUR 38.5 million, higher than the loss posted in 2008.

Romania's industrial output went up by 12 percent last year, mostly due to growth in the manufacturing industry, according to data from the National Statistics Institute. The mining industry took a nosedive of 5.3 percent last year on 2009.

IT&C distribution company Asesoft Distribution posted a turnover of EUR 145 million in 2010 and hopes it will reach EUR 165 million in 2011, the company has announced. Last year's results reflected a 45 percent increase on the previous year. The company thus targets a 14 percent turnover increase on an IT&C distribution market which is expected to grow by 10 percent.

Romania’s three opposition parliamentary parties on Saturday signed a protocol forming the Social-Liberal Union, a political alliance of liberals, conservatives and social democrats.

Romania will not draw the last installment of its loan from the International Monetary Fund, of EUR 1 billion, and will use only the disbursement from the European Union, Romanian president Traian Basescu said on Sunday evening.

Lufthansa German Airlines carried 615,000 passengers in and out Romania last year, a 10 percent higher passenger volume compared to 2009, according to Stefan Versemann, the company's manager for Romania and the Republic of Moldova.

The World Bank will offer Romania EUR 750 million for healthcare and social assistance programs, as well as deliver the third and last loan installment, of EUR 400 million, which should cover development policies.

Swedish retailer H&M will open the first store in Bucharest on March 25 in AFI Palace Cotroceni shopping center. The store will be located on two floors in the shopping center. The retailer plans to open six stores in the first half of 2011.

The Romanian Central Bank (BNR) has decided to keep the key interest rate at 6.25 percent during its second monetary policy meeting of the year.

Telecom company Vodafone Romania witnessed its average revenue per user drop to EUR 6.2 in the third quarter of last year, from EUR 7.6 in the same quarter of the previous year.

Millennium Bank Romania posted a loss of EUR 24 million in 2010, which was down 38 percent on 2009, the bank has announced. The year before, the bank had posted a loss of EUR 38.5 million, higher than the loss posted in 2008.