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The Minister of the Environment and Forests, Laszlo Borbely, could earn 1.2 to 1.5 billion Euros by selling CO2 emission certificates by 2012.

The global airline industry will need at least three years to recover after the significant decline in traffic caused by the recession, estimates Giovanni Bisignani, the general manager of the International Air Transport Association (IATA).

Russia"s economy saw in 2009 its largest drop in recent history, as the country relies heavily on exporting oil, the price of which dropped 77% from its 2008 peak.

Yesterday, American president Barack Obama proposed a $3.8 trillion draft budget plan for the 2011 fiscal year, up slightly from the this year"s current budget.

Businessman Ştefan Vuza, who owns a controlling interest in "Someş" Dej, and plans to build a renewable energy unit in Dej, is not concerned by his disagreement with two of the company"s shareholders, which he says is simply "much...

Loans denominated in lei taken by individuals and companies amounted to 79.7 billion lei at the end of 2009, and overdue payments have increased YOY to 4.342 billion lei. Overdue payments in lei increased 3.3% compared to November 2009.

Between September 2009 and January 11th, 2010, the National Fiscal Agency (ANAF) has initiated 1537 spot-checks of individuals that concluded real estate transactions between 2006 and 2008.

The five largest brokerage firms on the BSE will set up a consortium that would handle the listing of the Proprietatea Fund on the BSE, after being invited by the Fund"s management for preliminary discussions.

The European currency posted its largest monthly depreciation against the yen, losing ground against the dollar as well, on the back of fears concerning Greece"s financial situation.

The controversial share capital increase of Roşia Montană Gold Corporation (RMGC) decided at the end of last year, which could end up reducing Romania"s stake in the company from 19%, to just 0.6%, was not approved by the Office of the Trade...

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...