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.

If you want to see a bit of the wild Romania and discover the beauty of the Carpathian mountains, we could recommend a hand full of places to go. This week we'll take you to Moldova, in the Ceahlau and Hasmas mountain massifs. It is a trip you should make by car to fully enjoy it– rent one for a couple of days, if needed.

A new group of 44 Peace Corps volunteers will start their two-year mission in Romania this summer, the US Embassy to Romania has announced. The volunteers will be sworn in on Friday, August 6, at the US Embassy in Bucharest.

Italian group UniCredit posted a gross profit of EUR 42 million in the first half of the year in Romania, down 15.5 percent compared to the same period of last year, according to the group's financial results.

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.

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.

OMV Petrom's net income stood at around EUR 358 million (RON 1.52 billion) in the first half of the year, which is more than four times the profit it made during the same interval last year and almost double the net profit for the entire 2009.

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.

Low cost airline Blue Air will cancel three flights from Arad, Cluj – Napoca and Timisoara to Bucharest and return from August 10, due to the low demand on these routes, according to company representatives quoted by Mediafax newswire.

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.

If you want to see a bit of the wild Romania and discover the beauty of the Carpathian mountains, we could recommend a hand full of places to go. This week we'll take you to Moldova, in the Ceahlau and Hasmas mountain massifs. It is a trip you should make by car to fully enjoy it– rent one for a couple of days, if needed.

A new group of 44 Peace Corps volunteers will start their two-year mission in Romania this summer, the US Embassy to Romania has announced. The volunteers will be sworn in on Friday, August 6, at the US Embassy in Bucharest.

Italian group UniCredit posted a gross profit of EUR 42 million in the first half of the year in Romania, down 15.5 percent compared to the same period of last year, according to the group's financial results.

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.

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.

OMV Petrom's net income stood at around EUR 358 million (RON 1.52 billion) in the first half of the year, which is more than four times the profit it made during the same interval last year and almost double the net profit for the entire 2009.

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.

Low cost airline Blue Air will cancel three flights from Arad, Cluj – Napoca and Timisoara to Bucharest and return from August 10, due to the low demand on these routes, according to company representatives quoted by Mediafax newswire.