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James McDonald, Chief Executive Officer of the New York asset management firm "Rockefeller & Co.", who also served as a member of the board of stock exchange operator NYSE Euronext, was found dead on Sunday, with circumstances of his...

Marius and Emil Cristescu, two of the richest businessmen in Romania, are preparing for new acquisitions on the domestic capital market though the companies they already control.

Intesa Sanpaolo Bank yesterday announced it is launching a new variable interest rate savings product for retail customers, available both in lei - with an interest rate of 13% - and in Euros with the interest rate set at 5%.

OTP Consulting România S.R.L., a consultancy company part of OTP Group, has achieved a market share of a around 3% for urban development projects and 0.8% for rural development projects, a press release of OTP Bank states.

Turnover of Braşov company "Roman" dropped 80.6% y/y compared to H1 2098, from 93.52 million lei to 18.11 million lei.

The aggregated net assets of the 12 privately managed mandatory pension funds (Pillar II) operating in Romania amounted to 1,850,510,534 RON (438 million EUR) at the end of August, up by 8.5 percent from July and up five times from August 2008,...

The chairman and founder of the Conservative party, vicepresident of the Senate, Dan Voiculescu, yesterday said, during a meeting with the members of the Bucharest section of the party that the major institutions of the Government, the General...

The domestic drug market dropped 8.8% in the April-June 2009 period, to 449.9 million Euros.

The National Confederation of Romanian Professional Associations (CNPR) yesterday announced, in a press release, that it supports the creation of a National Pact intended to generate new jobs in Romania.

17 union federations affiliated to CNS Cartel ALFA bringing together workers from all areas of the public sector, will picket today, starting at 14.30, the building of the Parliament, to protest the law of unified wages in the public sector.

After having requested the voluntary dissolution of Flamingo International (BSE:FLA), the investment fund QVT yesterday sold their 22 per cent in the electronics and home appliances retailer to local businessman Dan Adamescu, market sources...

A precarious economy, political uncertainties and a high budget deficit are weakening the investors" perception of Romania and indirectly contribute to the depreciation of the national currency.

IT&C retail chain Altex Romania will no longer merge with proprietary real estate company Cometex - Suceava (RASDAQ:COXE) following a decision of the shareholders, who convened for a General Meeting on 10 September, Cometex announced yesterday.

The over-the-counter trading mechanism developed by the Brokers" Association will run on a section of the ARENA Trading Platform of the Bucharest Stock Exchange (BSE), in exchange for a fee, market sources indicated.

Omniasig reported 595.95 million RON in subscribed gross premiums for the first six months of the year, down by 3% from the corresponding period of 2008, according to a press release to BURSA.

Petrom has announced its first oil production from the recently drilled offshore wells Delta 6 and Lebada Vest 04.

Officials of "Baumix" feel that the mortar market, which has been affected by a 30% drop in sales, will only recover in about a year and a half.

Customers of Romanian Commercial Bank (BCR) that take out a personal consumption loan now have the option to protect their earnings by acquiring a complex insurance policy, according to a press release of the bank.

Three months after the launch of the First Home program, it is safe to say that most of the contracts signed involved old apartments, the price of which revolves around the maximum amount covered by the guarantee offered by the state.

IT&C retail chain Altex Romania will no longer merge with proprietary real estate company Cometex - Suceava (RASDAQ:COXE) following a decision of the shareholders, who convened for a General Meeting on 10 September, Cometex announced yesterday.

The over-the-counter trading mechanism developed by the Brokers" Association will run on a section of the ARENA Trading Platform of the Bucharest Stock Exchange (BSE), in exchange for a fee, market sources indicated.

Omniasig reported 595.95 million RON in subscribed gross premiums for the first six months of the year, down by 3% from the corresponding period of 2008, according to a press release to BURSA. The value of paid claims amounted to 446.72 million...

Petrom has announced its first oil production from the recently drilled offshore wells Delta 6 and Lebada Vest 04. Both fields, Delta and Lebada Vest, are located in the offshore block Histria XVIII in the Black Sea, according to a press release...

After having requested the voluntary dissolution of Flamingo International (BSE:FLA), the investment fund QVT yesterday sold their 22 per cent in the electronics and home appliances retailer to local businessman Dan Adamescu, market sources...

The RON lost 0.46 per cent yesterday, dropping approximately two hundredths to 4.2747 RON/EUR, in line with the other currencies in the region. This is the lowest exchange rate in the last six months, after a few days of excessive volatility.

Due to a legislative error, employees of Electrica Oltenia can not buy the 10% stake in the company which they are entitled to, even though the law stipulates this right for the divisions of Electrica which were bought by Enel and E.ON following...

Farmers are getting ready to start sizeable protests against the Government and the Ministry of Agriculture, as they are extremely unhappy with the lack of support for the sector and the gloomy outlook, as state aids will cease to exist starting...

Brokers on the Romanian capital market are one step away from seeing their dream come true after the motion concerning the implementation of the Romanian Over-The-Counter (ROTC) Market carried unanimously during the General Meeting of the...

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 tender for awarding taxi access to the parking lot of the Henri Coanda Airport in Otopeni, a satellite town of Bucharest, will take place on 12 October, the Ministry of Transportation announced.

UPRUC CTR Făgăraş intends to increase its share capital by 2.639 million lei, from 659.997 lei to 3.229 million lei.

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.