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In September, brokerage firm "Estinvest" Focşani has replaced "Tradeville" (formerly "Vanguard") as market leader in terms of turnover on the Sibiu Derivatives Exchange (SIBEX), with 68,368 contracts, further strengthening...

Azerbaijan is interested in investing in the Romanian petrochemical industry, namely Arpechim Râmnicu Vâlcea, Tudor Şerban, the state secretary in the Ministry of the Economy yesterday said.

Petrom, a subsidiary of OMV and the largest oil company in Romania, will add natural gas exports to its registered business during the next General Meeting of Shareholders.

Romania and Azerbaijan are looking to build a new refinery at the Black Sea, Tudor Şerban, the state secretary in the Ministry of the Economy said yesterday, during the Black Sea Energy and Economic Forum.

After all of the Members of the Board of Directors of Romlag - Brasov resigned, the company"s auditor, Basicount SRL, appointed Gabriel Catalin Anghel as Sole Director.

While in Slobozia yesterday, President Traian Basescu announced that the Government was considering issuing State guarantees for RAFO - Onesti and the Mangalia Shipyard.

The leu/Euro exchange rate used for the calculation of excises owed to the state budget for the year 2010 has been set at 4.1981 lei/Euro, 12% higher compared to the one used in 2009, according to yesterday"s exchange rate set by the NBR.

The last few days have brought about a significant increase in the volume of government bond transactions on the Bucharest Stock Exchange.

Eastern European banks have underestimated the value of bad loans resulting from the financial crisis and their impact will be felt across the region in 2010, according to Erik Berglof, Chief Economist of the European Bank for Reconstruction and...

After sitting it out for five months, but still more than four years away from being allowed to work again on the stock market, Petru Prunea has found a way to return to his playing field, but without attracting the attention of the National...

Dexion Hi-Lo Storage Solutions of Râşnov, part of Constructor Group, recently premiered its automated storage solutions on the Romanian market.

Proactive Business Communication and Addveritas yesterday launched the first edition of the International Wine Fair GoodWine, (October 2-4).

Banca Comerciala Romana (the Romanian Commercial Bank - BCR) will take over all the business and operations of BCR Securities as shareholders yesterday decided to dissolve and liquidate the brokerage firm.

After several unsuccessful attempts, shareholders in Chimopar (BSE:CPR), a chemical plant located in Bucharest, on Tuesday authorized a 1.62 million RON increase in capital, according to a regulatory notification to the Bucharest Stock Exchange...

The land currently occupied by the Tei Boboc tree nursery in Bucharest could be turned into a residential area comprising apartment buildings as tall as 30 and 45 storeys, which is unprecedented in the city.

Shareholders in BCR Securities, the brokerage arm of Banca Comerciala Romana (the Romanian Commercial Bank - BCR) could decide to dissolve and liquidate the company during the General Meeting scheduled for today, according to the formal notice to...

The National Bank of Romania (BNR) has reduced the monetary policy rate to 8 per cent p.a. from 8.5 per cent p.a. as of 30 September 2009, following a decision adopted by the BNR Board yesterday.

Commissioners of the Romanian Consumer Protection Authority (ANPC) have controlled 907 units - self-service restaurants, fast-food restaurants, express salad bars, pizza shops, restaurants, bars, and 567 stores in urban and rural areas.

The European Bank for Reconstruction and Development (EBRD) has asked member states to authorize a 50 per cent capital increase to enable the bank to mitigate the impact of the ongoing global economic crisis on Central and Eastern European...

Real estate services firm "Cushman & Wakefield" Romania claims, in its "High Street Retail" report, that half of the most prestigious retail avenues in the world and in Romania, have been affected by the global economic recession.

Tenaris SA, the world"s largest producer of seamless steel pipes, is contemplating cutting about one third of its staff in Italy as part of a "strategic repositioning" of the business.

The Coalition is still sitting on a powder keg which is set to explode if the request of Prime Minister Emil Boc to dismiss the minister of Administration and Internal Affairs, Dan Nica gets signed by president Traian Băsescu.

new huge scandal arose between governing partners PSD and PD-L, after prime Minister Boc announced the sacking of the Minister of Administration and Internal Affairs, Dan Nica.

National Azeri Company Socar is looking to expand its EU operations and is eyeing Romania to do so, by increasing the crude storage capacity of the Port of Constanţa.

The International Monetary Fund (FMI) claims that its programs, which involved increased resources, more flexible policy and the enforcement of reforms, helped emerging countries, in particular those of Eastern Europe, to withstand the effects of...

A private consortium affiliated to the elite military corps of the military Iranian regime, the Guardians of the Islamic Revolution, took over the majority stake of the national telecom operator, in a transaction worth an estimated USD 7.8...

Proiect Bucuresti (PB), a well-known architectural, engineering, city planning and civil works design firm, yesterday announced that they were the first such firm in Romania aiming to become an important player on the European architectural market.

The Romanian Academic Society (SAR) yesterday hosted a debate on the state of the public health care system in Romania, whose current annual budget is the smallest in the last nine years.

Russia is interested in a stake in Bulgarian nuclear plant in Belene (Bulgaria), which is being built by a Russian company, Serghei Kirienko, the chairman of "Rosatom", the Russian state corporation for atomic energy said yesterday.

Employee expenditures, for the first eight months of the year increased 10.8% over last year"s similar period, according to the execution of the general consolidated budget on August 31st, 2009.

Banks will be required to increase their equity for the riskiest operations more than two times, by the end of 2010, according to the agreement of the G20 leaders at the end of the Pittsburg summit (September 24th to 25th).

Russia"s "Gazprom" will be extremely happy to negotiate the price of gas they deliver to us, but only for any amounts which exceed the ones already contracted, which cover another 21 years, until 2030.

Iasi County Council Chairman Constantin Simirad has announced that the Regional Development Agency North East has accepted the requests for financing filed under the projects "Rehabilitation, Modernization, Endowment of Special Schools in...

ING Life Insurance (ING Asigurari de Viata in Romania), the life insurance arm of ING Group, is planning to inaugurate a service centre for Central European countries in Cluj Napoca, Romania, next year to centralize several financial, IT and...

The Polish cosmetics market increased from 17.7 billion PLN (4.25 billion EUR) in 2007 to 21 billion PLN (5 billion EUR) in 2008.

Raiffeisen Centrobank analysts have increased the target price for Alumil Rom Industry (BSE:ALU) for the next twelve months from 2.2 RON to 2.3 RON as ALU shares have gained over 20 per cent on the Bucharest Stock Exchange (BSE) in the past two...

AVAS (the Authority for State Assets Recovery) will discontinue the post-privatization monitoring of six companies which were privatized between 1996 and 1998 and will archive the contracts for the sale of the stakes in the companies, the...

The European Commission has given the go-ahead for the program of the Romanian government intended to promote high efficiency energy cogeneration.

Marfin Egnatia Bank has increased the share capital of its Romanian subsidiary by 42.05 million RON to 170.75 million RON, according to official documents of the bank.

The first two warehouses in the Olympian Logistic Park - Brasov, located nearby the village of Cristian in Brasov County, were inaugurated late last week.