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The evolution in share price for the five FICs (SIF-Financial Investment Companies) upon the announcement of a possible revision of the 1% stake limit, which would entail the change of their current managers, shows just how big the price discount...

The Romanian National Securities Commission (CNVM) has licensed the Romanian Central Bank to sell bonds issued by foreign banks which its holds in its portfolio on the interbank market, subject to said bonds being listed on the Stock Exchange and...

The Competition Council of Romania has started four ex-officio investigations concerning potential breaches of national and European Union competition regulations on the pharmaceutical wholesale market.

The General Assembly of Shareholders of Viromet Victoria has decided to delist the company off the Rasdaq section of the Bucharest Stock Exchange.

The Chairpersons of the Defence Committees of the two Chambers of Parliament, Teodor Melescanu (Sen. PNL) and George Scutaru (MP, PNL) yesterday issued a joint press release announcing that they had asked Prime Minister Emil Boc and Finance...

Unionists of CNS Cartel ALFA yesterday asked the Parliament to pass a motion of no confidence in the Boc Government.

The board meeting of the Association of Stockbrokers will discuss the project for over-the-counter trading of companies unlisted on the Bucharest Stock Exchange or which have been delisted, keeping shareholders captive.

Stere Farmache, President of the Bucharest Stock Exchange (BSE) is convinced that the fixed-rate debt securities will have an increasing weight within the BSE transaction volume, partially because they are quite in line with the investment...

Banca Transilvania (Transylvania Bank, BT) has approved 230 applications for mortgage loans under the State-driven First Home Programme and has obtained the secondary approval of the National SME Loan Guarantee Fund (FNGCIMM) for 30 of them,...

The banking community will provide businesses with a set of schemes, methods and procedures for restructuring loans issued to small- and medium-sized enterprises (SME) in the immediate future, according to a joint decision made by the Romanian...

The Ministry of Finance will launch a Eurobonds on the international markets within at most two months, but has not yet determined the size of this issue, the maturity and the price, Bogdan Drăgoi, secretary of state in the Ministry of Finance...

The National Council of Private Small- and Medium-Sized Enterprises in Romania (CNIPMMR) is asking the Government to extend the re-invested profit tax exemption to a total of at least five years, instead of the initial plan to have the exemption...

Unhappy with the final draft of the unified wage law, public sector workers, teachers, healthcare and administration workers, yesterday announced, through their unionists, a general strike for October 5th.

The price of oil yesterday grew for the fourth day in a row, on the New York stock exchange, on the back of the depreciation of the dollar, as well as due to the International Energy Association revising its estimates on oil demand for 2009 and...

The Supervisory Board of Raiffeisen Banca pentru Locuinte (RBL), a subsidiary of Raiffeisen Bank dedicated to housing finance, has endorsed the appointment of Andrei Stamatian as President of RBL and of Aurelia Cionga as Vice President.

National gas transportation company Transgaz SA has planned investments worth 480 million EUR for 2007 - 2020, according to Elisabeta Ghidiu, Head of Investors, Shareholders and Capital Markets Relations of Transgaz.

The Cluj branch of the Conservative Party proposes the passing of a law by which low income senior citizens would receive 1.5 liters of milk every week.

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.

The developer of the project called "Odyssea Residential" launched several personalized packages intended for liberal professions - lawyers, accountants, architects, psychologists etc.

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 ministry will continue to grant state aids for farmers after January 1st 2010, but in a different manner.

From this point forward, the Romanian economy can only go up, according to Mugur Isarescu, Governor of the National Bank of Romania.

The Minister for SMEs and the Business Environment, Constantin Niţă, yesterday announced that reinvested profit will be exempt from taxes starting October, but in the beginning, this decision will only be on paper, according to press agency NewsIn.

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.