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The National Securities Commission (CNVM) requested on Wednesday that Rompetrol Group raise the minimum bid for the public takeover offer of "Rompetrol Rafinare" (symbol: RRC) from 0.0625 lei to 0.0741 lei/share.

Anastassios Bougas, head of the Unit for Romania in the General Regional Politics Department of the European Commission yesterday expressed his concern on the ability of regional authorities to come up with their share of funding for projects...

ECON, the commission for monetary and economic affairs of the European Parliament yesterday voted on the opinion expressed by Romanian MEP Sabin Cutaş, speaking on behalf of European Socialists and Democrats.

Secret detention is a form of torture, and the US have been perpetrating this kind of acts and sent terrorism suspects to be jailed in countries that do not put much weight on human rights, but also in some of its allied countries, such as...

The National Securities Commission (CNVM) yesterday rejected for the second time the mandatory takeover bid for "Rompetrol Rafinare" (RRC), initiated by KazMunaiGaz through "The Rompetrol Group", after making a similar decision at...

The Ministry of the Economy did not report yesterday any disruption in supplying households with natural gas, saying that everything was within normal parameters.

American economics teacher Nouriel Roubini claims he was never this pessimistic when it comes to the future of the EMU, and he says that Spain poses an increasingly greater threat to its continued existence.

On Monday, Greece sold 8 billion euros ($11.3 billion) of five-year notes with a yield of 6.2%, the Greek Ministry of Finances announced.

Private pension fund "AZT Viitorul Tău", managed by "Allianz-Ţiriac Pensii Private", has attracted the largest number of direct subscribers, throughout 2009, as well as in the entire subscription campaign which began in May 2008,...

Prime Minister Emil Boc, who attended the presentation of the track record of the Romanian Police in 2009, asked policemen to intensify the steps against tax evasion.

The management of bread and bakery producer "Boromir Prod" Buzău (symbol: SPCU) plans to raise its capital by 12.36 million lei, up to 24.72 million lei, by contributions in cash, a press release issued yesterday by the company says.

Ilie Carabulea, the largest shareholder of Bănca Comercială Carpatica (symbol: BCC), says that the money that the bank expects to raise following the share capital increase by 103 million lei, which will be submitted for the approval of...

The National Statistics Institute will introduce a real estate in the methodology used to calculate the inflation rate, said Napoleon Pop, a member of the Board of the National Bank of Romania.

The issue of the arrears of public companies was discussed yesterday by the Romanian authorities and the officials of the IMF.

The Ministry of the Economy, Commerce and Business Environment yesterday declared a state of emergency due to the extremely low temperatures of the last few days.

The situation of the European Union is more "serious" than ever, in the ten-year history of the European currency, as there might very well be the risk of a fragmentation of the Eurozone due to the shakiness of the Greek, Irish and...

The board of the company Tehnoton SA (symbol: THNI, listed on the Rasdaq tier of the Bucharest Stock Exchange) scheduled a General Meeting of Shareholders on February 27th, 2010, with the main item on the agenda being the taking of a five million...

Further details on the capitalization of Roşia Montană Gold Corporation (RMGC) reveal an operation which is unprecedented in twenty years of transition to capitalism: a private shareholder lends the Romanian state the money it needs to subscribe...

In 2009, Romania produced 2,699 million metric tons (mmt) of steel, down 46.4% over the 5,035 mmt of steel output in 2008, the World Steel Association (WSA) announced. However, in the last month of 2009, Romania produced 270,000 tons of steel, a...

On Friday, the "BURSA" newspaper received the Award for Support of the Capital Market from the chairman of the Sibiu Derivatives Exchange, Mr. Teodor Ancuţa, as part of the 15 year anniversary of the Sibiu Exchange.

Prices of basic foods will increase 15-20% in the second half of 2009, even as prices have increased around 18% compared to October, said Ştefan Niculae, chairman of the Agrostar Federation.

The General Department of Public Finances Arad (DGFP), will auction off assets of Tricotaje Ineu, a company which manufactures women"s lingerie.

The International Monetary Fund thinks that this year, Romanian authorities should commit to making a major reform of the public sector instead of turning to changes of the taxation system which could disrupt the business environment and create...

Political risk lingers in Romania, says Nouriel Roubini in a post on his blog quoted by Forbes. Roubini reviewed the economic status of Iceland, Latvia, Ukraine and Romania, countries which are highly vulnerable.

The hearings of the trial of former manager of the Deva branch of "Broker" Cluj, Adriana Constantin, will begin next week, at the Court of Hunedoara, almost one year after several hundred investors sais that they lost their money and...

Otilian Neagoe, the vice-chairman of the Council of Competition, yesterday said in Braşov, that he is hoping an inter-ministry body would be created, which would work together with the Association of Industrial, Technological and Scientific...

The Competition Council yesterday announced that it launched an investigation to help it gain better insight on the electricity market.

GPS maker "Mio Technology", last year sold 32,000 unit out of the estimated total market volume of around 60,000 units, which means the company"s market share represents over 50%, with the company selling 7,000 units in Q4 2009.

Mihai Cristian Atănăsoaei, the Prefect of Bucharest, yesterday filed a lawsuit with the Administrative Court of the Court of Bucharest, requesting the invalidation of the building permit issued by the Mayoralty of District 1 for the building...

The delegation of the officials of the Canadian Agri-Sustainability Partnership - CASP, recently presented the conclusions of its official visit to Romania, which revolve first and foremost around the significant potential of the farming sector...

Romania"s economy could see a modest recovery, with an expansion of around 1%, in 2010, after a 7% decline in 2009, with the main short terms growth factors being exports and industrial output, estimates Cristian Ionescu, country manager with...

Taiwanese authorities have been investigating a possible case of arms traffic which may have possible ties to Romania, after a local publication - the "Next" magazine - reported that even Mircea Băsescu, the brother of Romania"s...

The Competition Council is reviewing the economic concentration resulting from the takeover of Finnforest Baco Production SRL Comăneşti, owned by SC Metsaliito Osuuskunta of Finland by SC Holzindustrie Schweighofer SRL Sebeş.

Chinese company Hoyo Râşnov expects to begin tractor production and deliver the first finished tractors on the Romanian market in April, when tractor production is expected to begin, the company"s general manager, Denisa Vasilescu announced.

"Armax Gaz" Mediaş (symbol: ARAX), which produces equipment for the natural gas industry won four framework agreements worth 205.35 million lei (approximately 50 million Euros), following a call for tenders issued by "Transgaz".

American bank "Citigroup" Inc., in which the government owns a 27% stake, posted losses of 7.6 billion lei in the last quarter of of 2009, due to expenses incrred in paying back the funds received from the US government.

Greece may become the first member country of the European Union which could be penalized for inadequate budgetary policies, if it does not implement the austerity measures intended to cut its deficit.

A mission of drilling company "Dafora" Mediaş (symbol: DAFR) which includes Gheorghe Călburean, the chairman and general manager of the company, will be leaving tomorrow for Ukraine in order to negotiate a contract for the drilling of two...

The portfolio of "Hyposwiss Danube Tiger", one of the largest foreign investors on the Bucharest Stock Exchange after "Julius Baer", includes holdings in Romanian companies worth over 21 million Euros, (12% of its net assets,...

Emerging economies could see asset bubbles form due to massive inflows of capital, says Dominique Strauss-Kahn, the head of the International Monetary Fund.

The exchange rate dropped yesterday to a new annual low of 4.1008 lei/euro, in particular due to the improved perception foreigners now have on Romania, after the normalization of the country"s political situation and the positive signals of...