In its strategy for the TAROM national air carrier, the Transport Ministry aims either to turn private some of the airline or enter cooperation with a big company, Transport Minister Ioan Rus told the Romanian Senate's Transport Committee adding that negotiations are underway with the Economy Ministry to take over the Romaero air services provider....more »

The GDP was higher by 1.6% in real terms in Q1 of this year compared to the Q4 2014, and compared to the similar period of last year it rose by 4.3% in unadjusted terms and by 4.2% in seasonally-adjusted ones, according to the data released by the National Statistics Institute (INS)....more »

The government is initiating again the procedures for the construction of Sibiu-Pitesti, Targu Mures-Iasi and Comarnic-Brasov motorways. "I believe that it is possible this year we initiate all that means procedures in the case of the Sibiu-Pitesti, Targu Mures-Iasi and Comarnic-Brasov motorways, so that construction works may finally kick off” says Prime Minister Victor Ponta....more »

The Competition Council asked for European Commission's opinion on the establishment of a 30 per cent limit for the volume of timber from each species that a company should be allowed to purchase, before introducing the measure in the draft law that will amend the existing Forestry Code. According to a release of the competition authority sent to Agerpress, the maintaining of a limit for the acquisition of timber could contradict the Treaty on the Functioning of the European Union in terms of the free movement of goods, which might trigger an infringement procedure against Romania. ...more »

400 youths will benefit from entrepreneurial education and 40 business ideas will be supported through European funding totaling EUR1,000,000 as part of the “Entrepreneurship - a chance for a better future for youths” programme run by the Ilfov County Council in partnership with the Travel Focus Association and the Excelsior Association....more »

Angelo Zuccala is the new General Manager of Crowne Plaza Hotel in Bucharest, announces ANA Hotels, the franchise holder. ...more »

FedEx Corporation and TNT Express have reached an agreement for the acquisition of all of the latter’s shares in a transaction valued at EUR4.4 billion, pursuant to a recommended public offer by FedEx....more »

Generalcom Bucuresti debuts on April 8, 2015 on the AeRO market, the alternative trading system  of the Bucharest Stock Exchange after the transfer from the RASDAQ market....more »

After more than twenty years since the last major changes to the customs legislation, the European Union will change its Customs Code. The new provisions that will reform customs legislation will take effect on May 1st, 2016. The companies involved in foreign trade operations are directly affected by the new provisions. They should act early this year to comply with the new changes in order to avoid discontinuing / changing in mid-2016 they ways they are currently conducting customs clearance....more »

Valerio Brenciaglia has been appointed to replace Zoltan Brassai as General Manager of Ford Romania – National Sales Company, the latter having been named as Brand Director- Large Cars within Ford Europa....more »