English Section

Starting in H2 2010, the Interagro group will have its own gas-based plants for energy cogeneration with a total installed power of around 110 MW.

Resident players again dominated the Bucharest Stock Exchange (BSE) with over 75% of the overall volume of transactions reported for August, in both categories, "sell" and "buy," according to a statistical report released by the BSE.

No less than 105,537 companies suspended their operations in the first eight months of 2009, which is 12 times more than the 8,241 cases logged in the corresponding period of 2008, according to the information published on the website of the...

The occurrence of new global crises is unavoidable, because human nature is prone to fall into "speculative excesses" in times of sustained prosperity, said the former chairman of the Federal Reserve, Alan Greenspan, in an interview given...

The Bucharest Stock Exchange (BSE) stopped reacting to any stimuli from the real economy a long time ago, while Romanian brokers are scrutinizing Western markets and copying their trends.

The future two companies may be financed from carbon emission rights. Adriean Videanu, the minister of the Economy, said that he expects about 1.5 - 1.8 billion Euros in earnings from issuing carbon emission certificates.

This summer, the National Consumer Protection Authority (ANPC) investigated this summer the labeling, display and advertising conditions of mineral water.

Investor distrust in the capital markets and the fear of a consumer price hike and a subsequent increase in the inflation rate has pushed the price of gold to a six-month peak as capital owners are focusing on safer investments, to the loss of...

The project for the restructuring of energy production will be completed in October, when it will go to the Government for review.

Shareholders of German group are unhappy with the returns of their investments in Romania"s energy sector.

The Ministry of Defense had no knowledge of the destruction of ammunition that occurred at the plant in Băbeni in the county of Vâlcea, Minister Mihai Stănişoară said, during the hearing in front of the Defense Commissions in the Senate and the...

National gas carrier Transgaz opted to renegotiate the partnership with Petrostar Ploieşti and Gazproiect SA Braşov for designing the Romanian section of the Nabucco pipeline.

The State-driven First Home Programme will stimulate banks to offer mortgage loans under similar conditions, which is the only beneficial effect of the governmental programme, according to Cristian Motca, Managing Director of the loan brokerage...

SPP, STS Directors Say Don"t Have Technology To Eavesdrop On MPs

The Social Democrat Party (PSD) will initiate a set of laws to complement Romania"s crisis containment programme.

Senators will receive a written notification of a Plenum agenda item regarding the tacit adoption of the Civil Procedure Code and Criminal Procedure Code as the deadline for their debate expired on 1 September, Agerpres announced.

Although a mandatory takeover bid for 25% of the shares issued by Zentiva - Bucharest (BSE:SCD) has been in progress on the Bucharest Stock Exchange (BSE) for nearly one month, shares in the drug producer are being traded for a higher price than...

Hyposwiss Danube Tiger, one of the largest foreign investors on the Bucharest Stock Exchange (BSE) after Julius Baer, holds 5.08 million EUR worth of shares in Conpet - Ploiesti (COTE), a company transporting oil products through dedicated pipe...

The Proprietatea Fund will be managed by American giant Franklin Templeton for an annual fee of 13 million Euros, after the majority of shareholders of the Fund, whose aggregated holdings in the fund amount to 99%, approved the management contract.

Workers of the company formerly called Rodipet - SC "Network Press Concept" SA - all over the country have continued their demonstrations in front of the company"s headquarters in Bucharest, requesting the payment of their wages.

Bankers" bonuses should be deferred in order to reward long-term results rather than short-term risk-taking, G20 finance ministers have suggested in a draft proposal issued on Saturday, according to BBC News.

CEZ, the Czech-based energy group planning to become one of the leading energy producers in Romania, is interested in investing in the antiquated plants producing electricity and heating for the major cities in the country.

Wire and electrical cabling producer "Iproeb" Bistriţa (symbol: IPRU on the Rasdaq market) won, in association with several companies, an auction for the reconstruction of an electric line between two power stations in Poland, worth...

Prime Minister Emil Boc announced yesterday on the public radio station that he signed the letter by which the Government takes full responsibility for the three draft bills (ed. note: The Draft for the Law of National Education, The Draft for...

The company Aeroportul Internaţional Bucureşti-Băneasa - Aurel Vlaicu SA had a profit of 22,134,925 lei at the end of the first semester, as the total number of passengers that went through the Aurel Vlaicu International Airport increased by...

Amid the global economic recession, Romanian airline "Tarom" had an average number of passengers of 765,000 in the first semester of this year, meaning an average occupancy rate of 50.33%, 11.7% less than the estimates in the revenue and...

Social Democrat Party (PSD) President Mircea Geoana yesterday accused President Traian Basescu of planning to take control over the Ministry of Administration and Interior (MAI) in order to influence the results of the forthcoming presidential...

The Romanian seaside has attracted roughly as many tourists this year as last year, according to Traian Badulescu, Spokesman for the National Association of Travel Agencies (ANAT).

Although domestic consumption is decreasingly abruptly, Romanians prefer to consume Romanian-made products, rather than imported products, which could help the country achieve economic growth in the next quarters, according to Citi analysts.

Traian Basescu had better provide the explanations that he promised to us all in the press release issued eleven days ago: "The President of Romania will explain, at the right time, what is behind the political and media manipulation aimed at...

CATALYST, the first organized market in debt securities in Poland and a unique such market in Central and Eastern Europe will be launched by the Warsaw Stock Exchange on 30 September, according to a WSE press release.

Shares of fertilizer maker "Amonil" Slobozia (symbol: AMO) have lost approximately 40% in the last three trading sessions, following Wednesday"s announcement that the company"s current creditor, "Chemgas Holding...

Romanian-based commercial bank BancPost has signed an 80 million EUR financing agreement with the European Investment Bank (BEI) for financing small- and medium-sized enterprises and is having preliminary negotiations with the European Bank for...

HCR Sfântu Gheorghe will invest 5 million Euros in Râşnov (county of Braşov) for the creation of a theme park centered around dinosaurs.

Investments in Romania decreased 29% y/y, according to a report by the National Statistics Institute.

Stocks listed on the Bucharest Stock Exchange (BSE) lost 3% yesterday, while the national currently depreciated to 4.2372 RON/EUR, amid influences from international markets.

SIF Moldova, a minority shareholder in Banca Comerciala Romana (BCR) on 1 September signed an agreement to postpone the listing of the bank on the Bucharest Stock Exchange (BSE) after having finalized negotiations regarding the postponement of...

On September 1st, 2009, TAROM began the implementation of the Winglet system on all its four Boeing 737-700 airships which are part of the company"s fleet.

The General Assembly of Shareholders of CET Braşov SA recently met in order to approve the transfer of the pumping station Timiş Triaj 6, as payment of the debts that the company has accrued towards the Tax Office of the city of Braşov and to the...

The first building in the Ploiesti West Park, the largest industrial park in Eastern Europe, will be ready at the beginning of October, according to Petrica Usurelu, the founder of Piritex Group, which holds 20% in the project.

Turnover of "Heineken" România increased 12% y/y in the first semester of 2009, to 509 million lei (gross), or 436 million lei (net).

The Government has decided to empower the Ministry of Public Finance to support the conclusion of the Agreement with Franklin Templeton Investment Management, Government spokesperson Ioana Muntean yesterday announced, as quoted by Agerpres.