Editorial»

The bloody haughtiness

July 21st, 2014 at 9:00 PM
Maybe it was just an unfortunate accident. A mistake, an act of confusion in the chaos of a war. Yet, the responsibilities of bringing down the plane full of western citizens...

Business»

100 pc absorption through  POS-CCE by end of 2015

100 pc absorption through POS-CCE by end of 2015

July 21st, 2014 at 9:00 PM
Minister for European Funds Eugen Teodorovici is also confident that Romania will reach an absorption rate of 80 percent by the end of next year within the current multiannual...

Politics»

Klaus Johannis is PNL candidate for presidential elections

Klaus Johannis is PNL candidate for presidential elections

July 21st, 2014 at 9:00 PM
The liberals decided to nominate Klaus Johannis as PNL candidate for the presidential elections following the vote within PNL standing delegation. Johannis got 111 votes and...

Social»

Rain and storm alert all over  the country on Tuesday and Wednesday

Rain and storm alert all over the country on Tuesday and Wednesday

July 21st, 2014 at 9:00 PM
The weathermen warned that heavy rains and strong gusts of wind and hail will fall from Tuesday morning to Wednesday night in all the counties of Romania. According to the...

World»

Gaza crisis: UN calls for ceasefire  as deaths pass 500

Gaza crisis: UN calls for ceasefire as deaths pass 500

July 21st, 2014 at 9:00 PM
Israeli soldiers of the 155mm self-propelled howitzer unit fire towards the Gaza Strip from their position in southern Israel near the border with Gaza. Thirteen Israeli soldiers...

Recent Articles

100 pc absorption through POS-CCE by end of 2015

Minister for European Funds Eugen Teodorovici is also confident that Romania will reach an absorption rate of 80 percent by the end of next year within the current multiannual financial framework. The absorption of European funds will reach 100 per cent on POS-CCE (Sectoral Operational Programme – Increase of Economic Competitiveness), assures Minister for European [...]

Klaus Johannis is PNL candidate for presidential elections

The liberals decided to nominate Klaus Johannis as PNL candidate for the presidential elections following the vote within PNL standing delegation. Johannis got 111 votes and Crin Antonescu only 55 as five votes were void. PNL chairman Klaus Johannis was elected on Monday by PNL standing delegation as the candidate from the party for the [...]

Rain and storm alert all over the country on Tuesday and Wednesday

The weathermen warned that heavy rains and strong gusts of wind and hail will fall from Tuesday morning to Wednesday night in all the counties of Romania. According to the information sent by the National Meteorology Administration, there will be spells of accentuated atmospheric instability from Tuesday at 4 am to Wednesday to 10 pm, [...]

Gaza crisis: UN calls for ceasefire as deaths pass 500

Israeli soldiers of the 155mm self-propelled howitzer unit fire towards the Gaza Strip from their position in southern Israel near the border with Gaza. Thirteen Israeli soldiers were killed overnight and early Sunday in clashes with Palestinian militants throughout the Gaza Strip, amid the Israeli army’s ground incursion to the enclave, the Israel Defense Forces [...]

Aurescu: the ICC will be able to investigate crimes of aggression

The situation in Ukraine could fall under this classification. “In the future, the International Criminal Court (ICC) will be able to investigate crimes of aggression,” Secretary of State Bogdan Aurescu stated Monday, going on to ask rhetorically whether the current situation in Ukraine would have been the same, had the ICC’s jurisdiction on crimes of [...]

Cargus International takes over all Otto Curier clients

“Following the strategic partnership concluded between Cargus and OTTO Curier, on July 14, 2014 the client database that constitutes the commercial basis of OTTO Curier Company was taken over by Cargus,” an announcement posted on the website of courier company Otto Curier notes. When contacted by HotNews.ro, the Cargus International contact center team stated that [...]

Raiffeisen Bank integrates its Romanian investment banking activities

Vienna-based Raiffeisen Bank International AG (RBI) decided to integrate its Romanian investment banking activities, both on the capital market and in the M&A area, into Raiffeisen Bank, a press release informs. All these activities have been grouped under a new directorate within the Treasury and Capital Markets Division, led by VP James Stewart. The Investment [...]

Romtelecom and Cosmote form TELEKOM ROMANIA

Romtelecom and Cosmote will merge as of this September to form one company whose objective is to become the leader of the Romanian telecom market. According to market sources cited by Economica.net, the new entity under which Romtelecom, Cosmote, and Zapp will operate will be called TELEKOM ROMANIA. Cosmote, the mobile phone communications service will [...]

Hidroelectrica posts new record profit

Romania’s state owned electricity producer Hidroelectrica posted a record gross profit of EUR 115 million for the first half of this year, some 6 percent higher than in the same period of 2013, according to an official announcement, Mediafax informs. The increase in profit came as the electricity market continued to decline. Hidroelectrica’s revenues were [...]

EIB continues to finance projects of SMEs

The European Investment Bank (EIB) is lending EUR 30 million to BCR Leasing to support the undertakings of small and medium-sized enterprises (SMEs), midcap companies and public entities in the sectors of industry, services and infrastructure in Romania, a press release informs. This is the second tranche of a loan of EUR 75 million approved [...]