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BURSA has submitted a preliminary complaint against the Financial Oversight Authority (ASF), because it is dragging its feet in answering the request for information included in an Open Letter, which was published in the September 2 issue (vezi...

Tudor Ciurezu has presided, yesterday, the last General Shareholder Meeting of SIF Oltenia. Tudor Ciurezu, Anina Radu, Carmen Popa and Nicolae Stoian have been dismissed as directors of SIF Oltenia (SIF5), in the general shareholder meeting,...

On October 9th, it has been two years since, following the completion of the deal whereby SIF Oltenia (SIF5) sold (to Erste Group Bank) its 6.29% stake (1,023,534,303 shares) in the Romanian Commercial Bank (BCR) for 140 million Euros.

Claudia Cătălina Sava has been awarded a ruling by the Court of Bucharest a few days ago, whereby it receives a bonus for her entire employment with the former National Securities Commission (Comisia Naţională a Valorilor Mobiliare - CNVM),...

Romania seems to be following in the footsteps of countries Covid-19 where it had an alert evolution.

• IMF: "The initiative of suspending the payment of debts needs to be extended until 2021"  

There is no official explanation for the fact that the vice-president of SIF Oltenia, Cristian Buşu, is being exempted from the proposed personal liability proceeding formulated by the SIF Banat Crişana & SIF Muntenia & Fondul Deschis de...

Is there anything left to ruin in American politics? So far one of the most beautiful, interesting and useful traditions has been ruined: the televised debate of the two contenders for the presidency. The key word is of course, debate. In the US,...

As if there were a higher power that gives meaning and an endgame to elections, some political analysts and journalists are proposing the arguable idea that Sunday was meant to settle the ratios between parties, by consolidating the power of the...

The pandemic did not cause the vote attendance to drop. On the contrary, it has remained comparable to what has happened in the local elections of 2008 and 2016

The main engine that the entire European Union has chosen for economic recovery is tightly connected to the energy industry which is extremely significant in Romania's industrial system, said Corneliu Bodea, President of the Romanian Energy...

• (Interview with Bogdan Chiriţoiu, president of the Competition Council) 

It is highly unlikely that the call for tenders for the implementation of 5G gets held this year, said Bogdan Chiriţoiu, the president of the Competition Council....

The Leu has reacted differently against various currencies, during the pandemic, with the EUR/RON exchange rate going up, while the opposite happened to USD/RON. The latter happened because of the weakening of the dollar against the Euro, during...

Chimcomplex Borzeşti, the chemical plant which has taken over a large portion of the assets of Oltchim, has made its strategic mission to become a chemical company that is strong regionally and integrated, said Tivadar Runtag, the new CEO of the...

The first day in the category of emerging secondary markets under the banner of the London agency FTSE Russell was marked by an event organized by the Bucharest Stock Exchange (BVB) and declining indices across the board, in a negative climate...

The criminal investigations conducted by the Railroad Transports Police and the prosecutors took nearly six years, before the case concerning the theft of nearly 160 tons of copper wire replaced upon the rehabilitation of the Bucureşti-Constanţa...

The turnaround plan for the European Commission in Brussels will remedy the damage caused by the coronavirus pandemic and will ensure the future for the next generation, according to the State of the Union 2020, drawn up by the von der Leyen...

A new school year begins today, and the joy up until now has been replaced with fear and in some cases even with terror. The sanitary crisis is causing headaches for the authorities, teachers, children, and even to those who are...

The European Anti-Fraud Office last year issued nine recommendations of recouping European grants, in 11 cases investigated in Romania, which puts the country on an unenviable top position in the EU, according to its activity report for 2019 of...

Up until recently, nobody issued any public comments on the Law no. 173/2020 concerning some of the measures for protecting the national economic interests

Statistical data announces a steep economic drop, from one year to the next, but the Finance Minister says he's pleased with our economic evolution, given the current international context

The aftermath of the political dispute in July made its negative effects fully felt throughout August. Due to the political indecision regarding the quarantine law that tormented the Romanian society in the middle of summer, we faced, last month,...

From the moment the online education segment has been occupying a more important position - since the beginning of the pandemic -, the two segments - telecommunications and education - have consolidated their relationship, says Jean Badea,...

From the moment the online education segment has been occupying a more important position - since the beginning of the pandemic -, the two segments - telecommunications and education - have consolidated their relationship, says Jean Badea,...

Wealth gaps at the level of the population have always existed. But this year, with the total disconnection between the markets and the real economy, the gap between the rich and the poor has become more than obvious - particularly in the US,...

Date: 01.09.2020

To: The Financial Oversight Authority (ASF)

Attn: Mr. Nicu Marcu, president

The Orban government will remain in Victoria Palace. The plenum of the Parliament did not debate and vote on the motion of no-confidence yesterday, because of the failure to meet the required quorum. The action of the social-democrats began just...

The action of the PSD initiated two weeks ago to dismiss the Government will complete today, following the debate and the vote on the motion of no-confidence. The two sides seem certain of their respective victory

Talks between the United States and China, though they only took place over the phone, have brought the world's two superpowers into the spotlight

The new coronavirus continues to cause massive damage to the global economy.

The anniversary caught him unprepared, so he has expressed his regret that his idea is just a sketch.

Romania has a territory, but it is more than just some square kilometers of land.

Romania now celebrates 30 years since the Revolution, but it is a lot more than a number of the days elapsed in that time.

Romania resembles BURSA. BURSA also...

The beginning of the new school year is creating troubles for every European government. The sanitary crisis is far from being over and there is the justifiable concern that schools can turn into true coronavirus hotspots. The more resolute...

Hurt badly by the quarantine, the HoReCa industry all over the world is suffering. Whereas in the first months the situation has been accepted without much discussion, after the appearance of the first easing measures the first complaints have...

The loss of 9.3 million Euros which SIF Banat Crişana concealed from investors in the Net Asset Value Report for July reported to the BSE was the amount paid last year for the Blue Air Aviation S.A. bonds (9 million Euros, date of purchase:...

New accusations have been issued against BaFin (Bundesanstalt fur Finanzdienstleistungsaufsicht) - the institution similar to the Financial Oversight Authority (ASF) -, in a case similar to the inaction of the ASF in the case of the manipulation...

The draft budget revision published at the end of last week sparked a series of pro and con opinions, especially in view of the increase of public expenditures by 18.2 billion lei, due to the pension point hike by 14% and the increase of...

An important step for the organization of the 5G call for bids for range license is the transposition of the 5G memorandum signed between the Romanian government and the US government, and the Romanian state needs to ensure that the 5G networks...

Any builder worth their salt knows nothing durable can be built on a fragile foundation. Nevertheless, the "nine builders" of the Board of Directors of the NBR have affirmed precisely a message like this through their last cut of the...

The coronavirus pandemic has affected the global stock markets, causing significant volatility and heavy drops in share prices, but over the last few months they have recovered their ground, nearing their pre-Covid-19 values