EXCLUSIVE: The government cut in 2011 by local budgets, including salaries and investment in education

Government will substantially reduce local budget funds from VAT, cutting in half the allocations for infrastructure works and sports, but reducing the money to pay the education and welfare, and reduce by 50% and the volume of loans for job creation.

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Romania, third in EU by annual growth of exports from January to July

Romania, third in the European Union (EU) based on annual growth of intra and extra EU exports during January to July, 25%, to 20.5 billion euros, and fifth after feed imports, 20%, to 26 billion euros, according to Eurostat.

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Boc loans that Romania will predominantly oriented towards development and investment

Prime Minister Emil Boc said on Friday in Cluj, the loans will be taken by Romania in the future will be targeted mainly towards development and investment, which is how the Government will design the budget for 2011.

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Spontaneous Protest Video from the Ministry of Finance. The minister was booed. Protesters do not want to leave - VIDEO

Several hundred officials from Ministry of Finance launched a spontaneous protest and gathered in the main hall at the entrance to the institution, complaining they have not received salary increases. And employees of the Finance Directorate in the country have triggered spontaneous protests as a sign of solidarity with colleagues in Bucharest.

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Germany warns that global currency war could become a commercial

Germany, Europe's largest exporter, maintain pressure on China yuan alignment with major currencies and you have rtizează that could reach a trade war because states compete to sustain their exports through currency depreciation.

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Government SME Loans Fund supplement with 100 million for financing EU projects

Government decided that the National Guarantee Fund for SME Credit and Counter is increased by 100 million euros for financing projects supported from EU funds, official sources told MEDIAFAX.

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The new stake in FP: Who falls in front of the file to compensation

Without a transparent mechanism for solving just selected files are transferred to third parties only 10-20% of its value, while real owners expect compensation titles and 4-5 years, informs.

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The leu appreciated and fell to the 4.2660 to 4.2675 lei / euro

The leu appreciated, and the exchange rate fell from 4.2660 to 4.2675 lei / euro, after the first hour of Thursday's meeting interbank currency amid positive sentiment on financial markets.

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Leo could weaken to the lowest level in three months after the motion

Leo could weaken to the lowest level in three months against the euro, in the context of the motion prepared by parties who oppose austerity measures implemented after agreement with the IMF, according to a Bloomberg analysis.

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Vodafone Romania launches iPhone 4

IPhone Terminal 4 will be available in coming months in its portfolio of Vodafone Romania, announced Thursday, the mobile operator.

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AOL could make a bid for Yahoo!

AOL Group and several private equity funds could make an offer to buy Yahoo, told Wall Street Journal (WSJ) sources close to the situation.

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The most expensive hotel rooms in the world

Have you ever dreamed to spend a night in one of the most luxurious hotels in the world? Or planning a romantic trip or honeymoon to leave in such a place? What would you like to include? A wonderful view? A hotel employee to be always at your disposal? Jacuzzi and a comfortable bed?

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Toyota could cut exports from Japan, moving production abroad due course

Toyota could stop since 2013 Corolla sedan exports from Japan, moving production abroad to counter the impact of yen appreciation on revenue, according to newspaper Tokyo Shimbnu.

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Camp: Those who hike in food prices will remain the shelf products

Agriculture Minister Valeriu Tabara, said Thursday at a seminar organized by the Competition Council, the companies announced increases in food prices will remain the shelf products and that in the time it is possible to even lower prices.

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