Romania"s president Traian Băsescu was extremely adamant at the end of last week on the issue of the IMF agreement. He said: "Right now Romania doesn"t have any problems, it is not taking on loans because it is in trouble. The debt of...

Shareholders in financial investment firm (SIF) 3 Transilvania convened for a General Meeting late last week and, with an overwhelming majority of 89.95%, approved the increase of the holding threshold to 5% in the firm, but kept the voting right...

Deputy Adrian Gurzău raised 101 signatures from members of the Parliament, double the number required by the law, in favor of launching an investigation on the methodology used for calculating the invoices for natural gas in kWh.

The Ministry of Transport and Infrastructure has asked the trade unions of the Romanian Railway Companies (CFR) to agree to approximately 12,000 layoffs. Sources from the Ministry said that the figure was just an assumption, a starting point for...

The project for the Brasov - Ghimbav International Airport, has reached the final stage of the process for securing funding. The president of the Braşov County Council, Aristotel Căncescu, says that he was in London two weeks ago, where he had...

The Central Bank of Japan has been experimenting for 20 years with all sorts of ordinary and extraordinary measures to bring the economy back to normal. The Government, too. However, the economy refused to return to the growth trajectory and the...

The shareholders of the Proprietatea Fund may receive dividends for 2008, after the fund"s managers announced 476 million lei in profit, following the revision of the accounting reporting methodology, according to the recent Ordinance 11/2009...

Stock market trading has slowed down significantly, as the financial crisis worsened, and turnover fell dramatically as prices tumbled, which has caused broker fee earnings to drop abruptly, which even has some of them question their own survival.

Adrian Gurzau MP has collected 101 signatures from fellow MPs - double as much as the minimum required by law - to endorse the start of an inquiry into how invoices for natural gas are calculated in kWh. Gurzau, who is also Vice Chairman of the...

General Confederation Of The Romanian Industrial Employers "UGIR 1903" is accusing the Government that ever since taking over its mandate, it did nothing to save Romania"s economy.

The Finance Ministry is borrowing more and more often from private banks to finance the public debt through discount T-bills and benchmark bonds bearing an annual average yield of approximately 11-12%, which seems to make banks extremely eager to...

The Supreme Defence Council (CSAT) could convene soon to discuss food security following alerts received from both the agricultural sector and the chemical industry.

The financial investment firms (SIFs) could be forced to allocate significant budgets to initiate the mandatory public takeover bids for some of the companies in their portfolio after the National Securities Commission (CNVM) decided to clarify...

Due to the high volatility registered since the beginning of 2009 on all the three major markets - forex, commodities and stocks- transactions with Contracts For Difference (CFD) have provided opportunities for returns of up to 1000% on the...

The managers of the Technical University "Gh. Asachi" in Iaşi have drafted a project for the complete overhaul of the "Tudor Vladimirescu" student campus, one of the largest campuses in Romania.

If banks do not resume lending and prefer to compete only for the individuals" deposits, "they will remain very nice concrete and glass museums," said Constantin Nita, Minister for Small- and Medium-Sized Enterprises, Commerce and...

Union federations of public sector workers, affiliated with the National Confederation of Unions "Cartel ALFA", have announced that, starting March 23rd, they will initiate wide-scale protests across the country.

Romanian exporters have less money to participate and promote their products in fairs and exhibitions held abroad, as the budget has been cut to 36 million RON this year from 42 million RON in 2008, according to Mihai Ionescu, president of the...

The Capital Market Investors Association (AIPC) is waiting for the National Securities Commission (CNVM) to issue a clear, comprehensive, unequivocal instruction to clarify the obligation to perform a mandatory takeover bid, after the Commission...

During these economically difficult times, "Romaqua" Group SA Borsec does not intend to freeze its workers" salaries or resort to any layoffs, Mihaela Drăghici, the company"s PR manager said.

Banks have displayed a bigger appetite for lending since the beginning of the year, with nearly 70% of the loan applications filed in February via loan broker Credit Zone being approved, a press release informs.

The largest Romanian PVC producer, the "Teraplast" Group (symbol:TRP), last week began buying back its own shares from the stock exchange, through the brokerage firm "BT Securities".

Car parts maker "Compa" Sibiu (symbol:CMP) will propose to its shareholders, on April 24th, the buyback of a maximum of 10 million of its own shares, namely 4.57% of its share capital, in order to stabilize the stock"s price, after it...

International stock exchanges concluded last week on an optimistic note, which entirely ignored the accelerated deterioration of the global economic situation.

The time for rewards is here. Local barons of PSD and PD-L, those who backed the current "coalition for the country" now residing in the Victoria Palace with money and votes are getting their well deserved reward.

Hundreds of farmers returned their subsidies to the country branches of the Agency for Agricultural Payments and Intervention (APIA) in cash.

The National Energy Regulatory Authority (ANRE) has evaluated the flat reference unit price for the procurement of natural gas in the second quarter of 2009 at 68.55 RON/MWh.

Most buyers or those who are now "probing" the real estate market, are focusing strictly on finding bargains.

The Year 2008 will remain in the history of Romania as a year to remember. The year of the bisecting line, the year when the World woke up! And when we woke up in line with the World.

A delegation of the Ministry of Agriculture will be leaving for Brussels today, in order to negotiate with the officials of the European Commission (CE) a 20% increase of the subsidy allocated by the Romanian state for the payments per hectare...

The 2% deficit estimated in the State Budget - a number that no one believed - is the result of a shameless accounting fraud, as shown in the article written Daniel Ionescu, Doctor in Economics, called "The state budget (the true one,...

End-user electricity consumption for January 2009 amounted to 4388.6 million KWh, 6.9% lower YOY.

The Romanian Government has so far paid over 560 million EUR for the works performed by Bechtel on Transylvania Highway.

For some years, the Romanian economy has had all the characteristics of an accident bound to happen.

Interview with Mihail Ion - the president of Raifeissen Asset Management and Vice-president of the Association of Fund Managers - Part I

Communications companies in Central and Eastern Europe (CEE) are reevaluating their business plans, due to the global economic crisis.

The new management of Romanian-based natural gas producer Romgaz believes that the difficult economic context and the lack of liquidities will not have a major impact on the company.

A possible loan from the International Monetary Fund will be used to increase the foreign exchange reserve of the National Bank in order to protect the foreign balance, and not to finance the budget deficit, National Bank of Romania (BNR) Chief...

The depreciation of the leu in the beginning of the year had a bigger impact on February"s inflation than analysts anticipated, as it reached 6.98%, up 0.88% MOM.

The management of financial investment firm SIF Moldova announced yesterday that an emergency meeting of the Board of Directors had been called to discuss the potential consequences of the approval by the Ministry of Finance of a draft bill...

Minority shareholder of "Corint" Târgovişte (listed with the symbol CONY on Rasdaq), Mr. Rădescu Emilian, yesterday won the trial that demanded that the majority shareholder make a public takeover offer, as it now holds more than 33% in...

2.5 million Euros will be credited to the account of CET (Thermal Electrical Plant) Iaşi, coming from the loan taken out from the European Bank for Reconstruction and Development (EBRD), intended for the modernization of Iaşi"s heating system.