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Israeli developer Aura Investments sold 37% of its stake in the joint venture with GTC to the latter, in exchange for the cancellation of a debt of EUR 13.6 million, according to a statement Aura sent to the Tel Aviv Stock Exchange, quoted by...

Prime Minister Emil Boc recently asked for the speed-up of the creation of the National Investment Fund (FIN), the minister of the Economy, Adriean Videanu said yesterday during a conference.

The European Bank for Reconstruction and Development (EBRD) recently said in a report, that the "stimuli" included in the EUR 13 billion stimulus package announced by the Romanian government in February 2009 as a means of supporting the...

Romania successfully borrowed one billion Euros through its 5-year Eurobonds issue, which offers a coupon of 5% and a total yield of 5.17% per annum, even though at this yield, demand from foreign investors reached EUR 4.9 billion.

The mass-media crisis creates hilarious situations, like the thing that happened yesterday with "Ziarul Financiar", which dedicated an entire page to the subject of bankruptcy, while at the same time, Daily Business published the news...

The officials of the Chamber of Commerce and Industry of Braşov yesterday announced that the European Bank for Reconstruction and Development, together with the European Commission, has launched a funding facility to help improve the...

The Romanian Securities Commission yesterday approved the amendment of the takeover bid made by the Rompetrol Group, by which the latter raises the price at 0.0751 lei/share for shares of "Rompetrol Rafinare".

The managers of the five financial investment companies (SIF) have had several talks with the Romanian Securities Commission (CNVM) on the issue of a possible share capital increase, Costel Ceocea, the chairman of SIF Moldova said for BURSA.

Private mandatory pension funds (Second Pillar) have generated a net profit of 362 million lei, in their 22 months of operation (since May 2008), net of fees, according to a press release by the Association of Private Pension Funds (APAPR).

The stock market regulator yesterday approved the Regulation on using global accounts, stock borrowing and short selling, almost two years after the management of the Bucharest Stock Exchange first asked for their introduction.

New anti-crisis measures will be included by the Government in a project intended to relaunch the economic activity, in particular for the creation of new jobs.

Bancpost has launched the mortgage with layoff risk insurance policy called "Safe at home", with a fixed interest rate of 7.95% and fixed monthly payments for the first three years, according to a press release by the bank.

ProCredit Bank launched the financial package "ProAvantaj", intended to facilitate access to banking products and services for small and medium enterprises, the bank yesterday announced.

Commercial exchanges between Spain and Romania reached a level of EUR 1.333 billion, down almost 26% over the similar period of 2008.

The government seems to hesitate to begin massive layoffs in the public sector, for fear of the grave consequences that this measure could have on the global budget expenses.

Foreign demand for honey and other beekeeping products continues to grow, said Victor Mateş, general manager of Apidava. He said that domestic sales would increase this year, while exports would increase depending on beekeeper output for this...

Last week, Transgaz officially inaugurated the gas pipeline that connects the towns of Gheorgheni and Topliţa, in which the company invested approximately USD 1 million out of its own funds.

The caravan for raising 1 billion Euros from the major European investors departs today, led by Sebastian Vlădescu, the minister of Finance.

The Ministry of Development will no longer accept dumping prices in bids for public construction projects. Elena Udrea, the Minister of Development, yesterday said in a seminar focused on the construction market, that in many cases, after signing...

The Conservative Party (PC) will participate in the 2012 regional elections by itself, its chairman Daniel Constantin said yesterday in Piteşti.

The economy is in a recovery, while inflation will continue to drop, the governor of the NBR, Mugur Isărescu and Finance Minister Sebastian Vlădescu said yesterday.

On Tuesday, almost two years after the project was first announced, the new Board of the Bucharest Stock Exchange approved the final version of the Alternative Trading System (ATS), which will be managed by the Bucharest Stock Exchange.

The concern caused by the revocation of the license of the Cantacuzino Institute, a strategic institution specializing in vaccine production, caused the government to get involved yesterday in funding the institution to allow it to resume...

Greek Prime Minister, George Papandreou, yesterday announced that the Greek government approved a cut in public spending by an additional 4.8 billion Euros (6.6 billion dollars), in an attempt to convince European officials and investors it can...

Greek Prime Minister, George Papandreou, yesterday announced that the Greek government approved a cut in public spending by an additional 4.8 billion Euros (6.6 billion dollars), in an attempt to convince European officials and investors it can...

Greece"s civil service umbrella union ADEDY, yesterday said it would call for a strike for March 16th, to protest against the new austerity measures expected to be taken by the government in order to take the country out of its current...

"OTP Bank" Nyrt., the largest commercial bank in Hungary, made a profit of 20.4 billion forint (USD 104 million) in the last quarter of 2009, from a loss of 60.7 billion forint one year ago. Analysts were expecting a profit of only 15.4...

Thirteen foreign countries owe Romania over 1.2 billion dollars, originating from unpaid commercial contracts concluded before 1989, while Cuba owes Romania another USD 2 billion in transferable rubles, but over the last twenty years negotiations...

The State could have recovered at least part of the money it is owed by Rompetrol Rafinare (formerly Petromidia) ever since 2005, had the Government approved a decision by which the bonds issued by the company against its debt of USD 603 million...

Direct foreign investments in Russia dropped almost 41% YOY in 2009, to 15.9 billion dollars, as the economy saw its largest decline after the dissolution of the Soviet Union, the Russian Federal Statistics Department announced.

Sweden"s economy unexpectedly entered recession again.

The management of the Central Depository wants to extend the range of services it provides for its members, with deposit-related operations, following the model of Euroclear and of depositories in Austria and Switzerland.

The relationship manager of the Chamber of Commerce and Industry Braşov, Adrian Rogoz, announced that the eSkills 2010 project will take place all over the European Union.

The retrocession of the Peleş - Sinaia estate, which began three years ago as a remedy to the Royal Family, after the illegal seizing of its assets in 1948, could spark a major scandal.

The OTE Group today announced the financial results of the mobile telephony operator "Cosmote" Romania.

Romanian-Norwegian investment fund "România Invest" yesterday announced, in a press conference, that it would allocate around 40 million Euros to acquire apartments which are in the construction stage, provided it finds homes of adequate...

On the forex markets, the Euro yesterday dropped to an annual low against the yen, while also losing ground against the dollar, after rating firms "Moody"s Investors Service" and "Standard & Poor"s" announced further...

Farmers took out loans of 10 million Euros as part of the "First Loan" program, the officials of the Fund for the Guarantee of Rural Loans said for BURSA.

All the eggs which are being sold on the market meet the health and safety standards, said Mihail Dumitru, the minister of Agriculture, quoted by Agerpres.

Raiffeisen Bank has lowered interest rates for unsecured loans in lei by as much as 2%, with the lowest level being 10.50%, whereas interest rate for savings in lei dropped to 8.25%, subject to the type of deposits and the amount on deposit,...

Officials of state owned company Oil Terminal- the gateway for the entry of crude in Romania - recently negotiated in London, with giant Glencore the storage of a large amount of hydrocarbons, crude oil and diesel oil, sources close to the...

The European Commission will take Greece to court over its failure to claim back illegal tax breaks given to several companies.