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SEE ALSO IN ROMANIAN NEWSPAPERS

Romania's current account deficit dropped 73.2% in January. Sums sent by overseas Romanians went up Romania's current account of the payments balance dropped by 73.2% in January against the same time last year, amounting to 123 billion euros, according to Romania's National Bank (BNR) data. The current account deficit was 459 in January (...) Romanian IKEA Franchise was sold to Swedish group IKEA Romania has become part of the Swedish group IKEA starting with March 8, after local franchise owners decided to sell its operating rights and the store's franchise in Bucharest, a company's communiqué shows. IKEA store from Bucharest, whose red tape was cut in Mach 2007, has been (...) PM: Romania risks ending up like Greece if reforms don't resume Romania risks ending up in Greece’s situation on a medium and long terming, should the state not resume reforms, believes Romanian PM Emil Boc. "I can say it very loud and clear: Romania cannot afford the luxury to stop the reforms it has already begun: the salary law, the pensions (...) Fitch Ratings awarded BB+ to Romania's Eurobonds issue Fitch Ratings awarded BB+ to the Eurobonds issue that expires every five years, worth of one billion euros. It was launched on Thursday evening, March 11, by the Romanian state, a financial evaluation agency report shows. This rating is similar to that Romania received for long term foreign (...) Romanian Justice Ministry: We've taken all necessary actions in Omar Hayssam case, but Syria didn't reply to our request The Romanian Justice Ministry announced on Friday, March 12, that it has taken "all the necessary actions" in Omar Hayssam's case, requesting Syria to answer the commission request made by the Romanian court in May 2009. The exchange of information between the Romanian Justice (...) Central Bank Governor: We don't need a spectacular recovery "We don't need a spectacular recovery", Romanian Central Bank (BNR) Governor declared to Financial Times reporters, addressing the rather modest estimates regarding Romania's economic growth in 2010. According to the quoted newspaper, Isarescu tagged himself as (...) TUI: Romanian tourism is 7-8 years behind Bulgarian tourism Tourism developed significantly in Bulgaria during the last years, while in Romania it doesn't really attract foreign investors, German tourism operator TUI manager for Maroc, Romania and Bulgaria Detlev Hohne told Deutsche Welle. He considers Romania's tourism development is seven to (...) Tarom Bucharest-Barcelona flight returned to Otopeni airport due to lost of pressure One Tarom flight scheduled fot the Bucharest-Barcelona route returned half an hour after taking off because of technical problems, news channel inform. What the newspapers say: Friday, March 12, 2010 PM says the state will pay salaries when there will be money: sometimes during the next three years. Elsewhere in the news, Romania risks being fined 200.000 euros per day if it misses recycling targets. Last but not least, unique patrimony, centuries old books from the Pedagogic Library, are (...) Where are 11 billion lei from the National Development Fund? Embezzelment or financial engineering to cover the budgetary deficit PM Emil Boc announced that the Executive plans to set up a national investments fund that can offer financial resources for major projects. However, the problem is that at this moment Romania has a similar instrument: The National Development Fund created in 2006. A fund with 11 billion lei, (...)