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Romania's total public debt rose in May by 10 percent versus end-2008, to 120.717 billion lei, accounting for 22.7 percent of the Gross Domestic Product (GDP) estimated this year, shows the...
Many governments around the world have a small window of opportunity to implement radical change a recent KPMG survey on the effects of the downturn on the public sector found.
After enjoying their momentum in the franchise industry last year, the real estate, constructions, financial and retail sectors have lost their upper hand in 2009 and the field of opportunities...
The number of Romanians at risk of falling into poverty will increase by 1.7 percent from 2008, up to 7.4%, with the children facing higher risks, according to World Bank’s Country...
Aviation company Blue Air will introduced as of July 22 a new short-haul flight that connects Bucharest and Cluj-Napoca and will be operated five times a week, the company said.
The challenged macroeconomic backdrop is causing companies to review costs in all areas, including security, with 32% companies in the technology, media and telecommunication industry reporting...
The benchmark exchange rate posted by National Bank of Romania lowered by 0.11 percent today to 4.2397 lei per euro, after the national currency strengthened in the first part of the day and then...
Pharmaceutical group A&D Pharma, the largest integrated marketing and sales services, wholesale and retail business in Romania which earlier this year announced the resignation of Vivian...
Deputy Prime Minister Dan Nica said the payment system with promissory notes issued by local authorities would be re-introduced in order not to affect investment schemes, this being considered as a...