English Section

After having denied economic facts for months, the Government of Romania announced two days ago a 10 billion EUR crisis management plan.

The Bucharest Stock Exchange (BVB) Council will call a shareholder meeting in December to ask for authorization to list BVB on the regulated market in order to turn BVB into a leading player on the Romanian financial market and Southeast European...

The Government"s emergency ordinance for the establishment of the National Energy Company (CEN) only refers to the way in which the State"s shares in Hidroelectrica, Turceni and Rovinari are going to be transferred to Electrica.

After months of denying the economic reality, the Romanian government announced, two days ago, the initiation of a 10 billion Euros worth plan against the crisis.

Rompetrol Rafinare, part of the Rompetrol Group, logged a consolidated turnover of 3,76 billion dollars between for the January - September period, up 63% from the 2007 turnover of the same period, according to the financial report published...

The exchange rate has been fluctuating severely over the past few days, under the influence of recent rating downgrades and the general trend of other currencies in the region.

An interview with Dana Lulache, General Manager of Fondul Proprietatea

The ongoing liquidity crisis is affecting both real estate developers and customers as the price for newly built residential and office buildings is decreasing significantly.

The Arad City Hall is planning to restore the facades of 50 historical buildings in the center of the city within the Hist Urban project of the EU.

I have always wanted to suggest to Important Romanians, or even lecture them on how to be nice to foreigners, and we can now see that it is badly needed - obviously someone at Standard and Poors or Fitch, had a Very Bad Experience in dealing with...

RWE AG, the second largest utilities supplier in Germany, has announced a five-fold increase in profit for the third quarter, following a two-fold increase in the price of electricity.

The price of oil has been fluctuating strongly over the past year and the occurrence of the ongoing financial crisis caused a severe trend shift.

Six companies and institutions have so far entered the list of creditors of Nicolina SA - Iasi: The National Securities Commission (CNVM) with 29,732 RON, The Central Depository with 952 RON, Aversa SA with 13,712 RON, LE Bridge Corporation Ltd...

The project to build the 3rd and the 4th reactors of Romania"s Cernavoda Nuclear Plant will not be affected by the international financial crisis and there are no reasons to have any delay.

The inflation for October is below expectations, despite an attack on the leu which should have had a significant effect on the inflation rate, according to Liviu Voinea, President of the Applied Economics Group (GEA).

The Warsaw Stock Exchange (WSE), controlled by the Polish State Treasury, wants to list its own shares in 2009 and could be interested in buying shares in the Wiener Boerse AG, the operator of the Vienna Stock Exchange, Bloomberg announced.

The price of gold rose yesterday on foreign markets following the increase in the price of oil and the depreciation of the dollar, which augmented the demand for precious metals.

Two weeks after Standard & Poor\"s, Fitch, too, reduced Romania\"s rating, by two notches for long-term forex-denominated loans (from BBB to BB+) and for long-term RON-denominated loans (from BBB to BBB-). Similar to Standard &...

The overall value of transactions performed on RASDAQ yesterday was 12.9 million RON, driven by the payment of 11.79 million RON for 14.15% in "Compania Hoteliera Intercontinental Romania" - Bucharest (RCHI) , a hotel company in the...

The BET index, reflecting the ten most liquid shares on the Bucharest Stock Exchange (BVB) gained 6.13% yesterday to 3365.23 points, while the BET-FI gained 14.25% to 16245.70 points.

Between 10% and 15% of the corporate tax payers in Romania delayed the payment of at least 500 million RON last month, according to Andrei Stefan, spokesman for the National Fiscal Administration Agency (ANAF).

Ioan Neculaie, the investor who controls Brasov-based tractor maker Roman, has announced that an order for 600 tractors has been received from Asia, even before the official product launch on the market.

The three little pigs knew that the big bad wolf would come one day. But only one of them decided it was necessary to build his house out of bricks in order to withstand the threat.

NCR and Printec are the first to introduce in Romania the new range of NCR Self Serv automated teller machines (ATMs), which enable banks to offer additional services such as cash deposit, invoice payment, no-touch card reader, monthly balance...

Cluj-based cosmetics producer Farmec has reported a 32% increase in sales in the first nine months of the year amid solid growth of the domestic market and constant investments in production process optimization.

The abrupt decline of the shares in the portfolios of the five financial investment firms (SIFs) listed on the Bucharest Stock Exchange (BSE) could prompt the SIFs to set up provisions by the year-end, analysts estimate.

Intens SRL has acquired 22,299 shares (6.6%) in Transdanubius - Oltenita (RASDAQ:TRDA), through an IPO started in mid-October.

On Sibex, the end of the trading week brought some optimistic prospects with derivatives rising steadily.

According to the Top Companies In Iasi for 2007, made by the Iasi Chamber of Commerce and Industry, Antibiotice remains the leading company in the county.

Romania"s energy regulator, ANRE has authorized the unit price for the service of electricity distribution provided by real estate developer IMPACT Developer & Contractor in one of the residential areas built by the company.

Several German companies from the area of Gelsenkirchen have asked the mayor of the town of Dorsten, Lambert Lutkenhorst, to investigate the prospect of relocating several business because of the global financial crisis, which has the potential...

To read "BURSA," you no longer need to bother the people sitting next to you: we"ve changed the format - it"s narrower now and you can hold your paper with your hands closer together.

SkyEurope and MyAir, two low-cost airlines that recently formed an alliance, estimate that they will pass the milestone of 1 million passengers moved in Romania within two years, according to MyAir Romania CEO Antonio Iervolino.

The international financial crisis is causing an increase in the number of litigations in the energy sector because of various divergences that may occur in energy trading business.

Romania"s energy market regulator ANRE is waiting to see what the Government and AVAS are going to decided about the operation of the National Energy Company (CEN).

Romania"s energy regulator, ANRE has authorized the unit price for the service of electricity distribution provided by real estate developer IMPACT Developer & Contractor in one of the residential areas built by the company. ANRE"s...

The global financial crisis has also affected the energy market because of price volatility and the limitations on investment lending. Ben Holland, a Partner with CMS Cameron McKenna - London told a seminar organized in partnership with the...

The Automobile Dacia Union is preparing to sue car wiring manufacturer Leoni - Mioveni for having fired 22 out of the 280 employees, NewsIn reports. The 22 workers, most of whom women, were given notice on Tuesday and will become unemployed after...

Uncertainties about the future operation of the National Energy Company (CEN) are causing much concern regarding the existence of a free energy market. Ion Lungu, President of the Associated Energy Suppliers in Romania (AFEER), told a press...

Romania could become an important exporter of agricultural products to the European Union in less than ten years, if a flexible fiscal policy is adopted for the agricultural sector and if the market is better organized, Agriculture Minister...