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Prices on the Romanian residential market have been dropping for almost one year and a half and most specialists don"t expect a recovery before the second semester, a study made by Deloitte in the 27 EU member countries - "Residential...

According to the budget of the ministry for 2010 which was approved by the government, the Office of the State Interests and Privatization in the Industry Sector, controlled by the Ministry of the Economy, expects to cash 200 million Euros.

The lie that Realitatea TV has been airing for the last two days, that prime minister Emil Boc had snatched the microphone from the female reporter the station had sent over to the senate, was yesterday revised to include other versions ("Boc...

The major government project to develop the state-owned drug industry, the National Pharmaceutical Company, may only have a budget of 7.7 million Euros available for investments this year, (around 31.8 million lei), according to the budgets of...

For hours on end, Realitatea TV yesterday displayed the headline "Boc snatched the microphone away", playing over and over the clip which showed the Prime Minister telling the journalists gathered at the Senate, that some news channels...

Resuming lending is the most important goal for bankers in 2010, as many banks have already cut the interest rates for loans.

The Euro yesterday continued its decline on the foreign exchange markets, trading at a two-week low against the dollar, following the reports announcing the stagnation of the Eurozone economy in Q4 2009.

Russian energy giant Gazprom has begun work Nord Stream gas pipeline, which will carry natural gas from Russia to Europe, beneath the Baltic Sea, company officials announced.

In their general meeting of March 16th, the shareholders of brokerage firm "Intercapital Invest" approved the buyback of 5% of the company"s stock (337,513 shares), and their distribution to employees.

Russia"s proposal to merge its state-owned energy giant with Ukraine"s energy company "Naftogaz", is worthy of attention and will be reviewed by the government, said Ukrainean prime-minister Mykola Azarov.

Electrocarbon Slatina, maker of industrial electrodes, has doubled its turnover over two times in the first quarter, from 14.92 million lei to 33.05 million lei, while turnover increased 20%, from 1.4 million lei to 1.69 million lei.

"Comcereal" Prahova, owned by businessman Ioan Niculae, will take a loan of 8 million lei this year from "Raiffeisen Bank", an amount similar to last year"s, in order to acquire grain and oleaginous plants.

Two delegations of the IMF will arrive in Athens today, to review the progress made by Greece in implementing its fiscal austerity measures.

According to the data of ONRC the Greek direct investments in Romania amounted at the end of 2009 to 1.37 billion Euros compared to 655 million at the end of 2008.

Slovenians of KD Capital Group have been negotiating for several weeks the sale of their Romanian brokerage, KD Capital Management, after they announced at the end of last year that they are looking to downsize their operations.

It seems things aren"t what they seem a bit different in the case of the resignation of Daniel Ţepeş (of March 25th) from the Board of Directors of the Bucharest Stock Exchange (BVB), a topic on which "BURSA" has already written four...

The overly busy schedules of about 20 foreign investors yesterday included the words "take a look at what the BSE has to offer", while attending an event in the heart of London.

The Triumf Hotel of Bucharest is again at the heart of a new scandal at the "Public Corporation for the Administration of the State"s Assets" (RA-APPS), after the failed privatization attempt of 2007.

Moldoconstruct SA Iaşi (symbol: MOLE, on the Rasdaq tier of the Bucharest Stock Exchange) reported a turnover for 2009 of 11,325,735 lei, down 41.23% YOY, from 19,270,192 lei.

Last spring, on the wall between the Post office and the building of CEC Bank near the Palace Hall, among the other doodles, I saw this phrase written in yellow: "I"m calling you inside the wall".

Shareholders of "Hidromecanica" will meet at the end of April, to decide on the sale of several buildings by direct negotiation or by offering them as equivalent compensation.

Inflation in the Eurozone rose more than expected in March, due to an increase in oil prices, Eurostat announced.

It goes like this: you sell a dog, you get paid for it, the dog escapes and returns to you and then you sell it again.

The Bucharest Stock Exchange yesterday announced that it has begun the contest for the intermediation of its self-listing, inviting brokers to buy its tender book, by April 8th.

ANRE (the energy market regulator) has approved for the month of April a gas import quota of 30%, in order to cover the total consumption estimated at 11.8 million MWh.

Italian carmaker "Fiat" SpA will invest 700 million Euros together with the Serbian government for the modernization of Serbian plant, previously owned by "Zastava Automobili", maker of the Yugo model.

At the end of last week, shareholders of IAR Ghimbav decided to proceed with the second stage of the program for the restructuring of the company, which according to the leader of the union of the Ghimbav platform, "will also be done in two...

The largest returns for deposits in lei with a 1-year maturity, do not exceed 10%, but in the case of some banks the interest rate can go as low as less than half of that.

China"s demand for Gold could double in the next decade, fueling a rise in prices, according to a prediction by the World Gold Council (WGC).

At the end of last month, AVAS had only paid out 10% of the adjusted amount of the compensation that it was liable to, according to a recent reply by the Authority for State Assets Recovery (AVAS) to an inquiry by the Parliament.

Even though the dividend yields for some of the companies listed on the Rasdaq tier are double or triple when compared to those listed on the Bucharest Stock Exchange, investors still seem to favor the latter, which they see as safer.

The state wants to implement reverse taxation to cut tax evasion in the sector, which according to some estimates, exceeds 2 billion Euros.

The last remaining assets of the Albina (ed. note: "bee" in Romanian) Bank, which went bankrupt in 1999, will be sold by the company"s liquidator.

On the occasion of its announcement of its 2009 results, Melrose Resources announced that in October 2009 it had received the approval of the Romanian National Agency for Mineral Resources (ANRM) to carry out oil exploration in Romania.

The whole thing is actually outrageous - at least by the usual moral standards.

The economic crisis had a negative effect on the commercial exchanges between Romania and Ireland. After the first nine months of 2009, Ireland"s exports to Romania reached the level of 70.9 million Euros, and Ireland"s imports from...

The Board of Administration of Banca Transilvania proposes increasing the share capital 391.58 million lei and floating the bank on the Vienna Stock Exchange, according to the agenda of the General Shareholders" Meeting of April 28th.

Soccer player Adrian Mutu has decided to temporarily put his online retail business on hold.

A group of Belgian investors will set up a large golf course near the town of Pecica, in the county of Arad.

Employees of "Deutsche Bank" AG, "Exane" SA and "Moore Capital Management" LLC Em (the British Division) are under investigation amid suspicion that they have used confidential information to manipulate markets.

The volume of non-performing loans in the banking system will only begin to decrease at the end of 2010, and things will improve starting in 2011, said Dominic Bruynseels, Chief Executive of Banca Comercială Română (BCR).