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Altur Slatina specializing in the manufacture of spare partes and accessories for cars and engines, expects its profit to increase from 2.18 million to 3.15 million lei this year, while the revenues are expected to increase 4%, from 86.4 million...

IntercontinentalExchange Inc. of the USA (ICE) has decided to acquire Climate Exchange Plc, the owner of the world"s largest climate exchange, for 395 million pounds, (606 million dollars).

One of the regulations of the Romanian National Bank says that retail banks need to revaluate loan collaterals (cars, properties) at least once a year and these evaluations must be made for each collateral separately.

Shareholders of "OMV-Petrom" (symbol: SNP) have decided in last week"s General Meeting of Shareholders to postpone the decision on the share capital until a subsequent Shareholder Assembly.

Austrian firm "Herz Armaturen" will perform a takeover bid for the equipment and fittings maker "Armătura" Cluj-Napoca (ARM), after increasing its stake to over 33%.

SIF Transilvania has decided: it will float Aro Palace on the Sibiu Stock Exchange.

For seven years, "BURSA" has been writing about the destruction of Romania"s forests - but the authorities have yet to lift a finger.

Mefin Sinaia, specializing in the design, manufacturing and retail of injection equipment for Diesel engines, components and spare parts, cast and extruded parts, expects losses of 1.6 million lei in 2010, after posting a profit of 140,200 lei...

Next week, Romania will resume its discussions on the development of the Constanţa - Trieste oil pipeline (PEOP), in which Kazakhstan and Azerbaijan are showing increasing interest, the Minister of the Economy Adriean Videanu said yesterday at a...

Logistics experts yesterday attended a seminar, to debate the opportunities for increasing Romania"s competitiveness in Europe and to turn our country into a "gateway" into Eastern Europe for the goods coming from Asia, by way of the...

For seven years, "BURSA" has been writing about the destruction of Romania"s forests - but the authorities have yet to lift a finger.

20% of mobile phone users have two or more SIM cards that are located inside separate phones.

The government has allocated 187 million lei for the expropriation of the properties located on the route of the segment no. 6 of the Cernavodă - Constanţa highway, for the beltway of the town of Constanţa and for the Nădlac-Arad highway.

Zimtub Zimnicea, a maker of steel piping, has budgeted an increase in revenues of 90.8%, from 28.43 to 53.57 million lei, while it expects expenses to increase 88.6%, from 28.07 to 52.96 million, and it expects its profits to triple, from 231,000...

The day I would become the head of the Composorate of Joseni, the institution that handles the administration of privately managed forests.

Romgaz SA has launched a call for tenders for a June 8th for a contract involving the drilling and outfitting of gas wells.

Albalact Alba Iulia has appointed Cristina Miclea, the brand manager for the Fulga and Zuzu brands as Marketing Director. Over the last four years, Cristina Miclea has handled the implementation of the campaigns for the promotion of the two brands.

BCR yesterday announced that it would change the early reimbursement fee for newly granted unsecured loans (Divers, Motor and Practic), in order to comply with the provisions of the Directive 2008/48/CE of the European Parliament and of the...

The experts of the IMF yesterday had the first round of talks at the headquarters of the Ministry of Public Finance, with Minister Sebastian Vlădescu and Sorin Blejnar, the head of the National Tax Administration Agency, on the state of budget...

The National Council for Contestations (CNSC), the institution that solves the contestations of companies concerning public procurement auctions, is at the center of a huge scandal in which the current management accuses the former managers of...

Arctic Găeşti, the Romanian household appliance maker owned by Turkish company Arcelik, saw its turnover continue to decrease in 2009 as well, from EUR 213 million to EUR 186 million (-12.6%).

Ceramic tile maker "Cesarom", controlled by Austrian group "Lasselsberger", estimates that this year it will export ceramic tiles worth 1 million Euros to Bulgaria, the equivalent of 50% of its expected exports for this year.

True "pearls" of the Bucharest Stock Exchange, the financial investment companies (SIFs) are attracting attention from managers of the new pension funds, which are interested in increasing their exposure to some of the most valuable...

The Ministry of the Economy intends to sell the minority stakes it holds in the privatized branches of "Electrica" SA.

Honorius Prigoană is going to start a new business. So far, nothing out of the ordinary, especially since he has taken over most of his father"s stakes in various companies.

On Monday, the Romanian Securities Commission (CNVM) proposed to the managers of the Bucharest Stock Exchange, to issue the bases of a pilot project, by which several companies listed on the Rasdaq market would conform to the demands of the...

Grecia may activate the financial aid package promised by the European Union and the International Monetary Fund before the completion of the talks around this plan, which were launched yesterday, according to the announcement made by the...

Astra Vagoane Călători SA and Siemens signed in Budapest, the cooperation contract for the manufacturing of "Imperio" tramways, which will be manufactured by year end in Arad.

The mayoralty of the city of Brăila announced, for June 7, a call for tenders for the awarding of the contract for the modernization of the Dorobanţi Boulevard in the city.

The cabinet led by Emil Boc yesterday attended the Cotroceni Palace, to consult with the president, after Traian Băsescu expressed his discontent with the the lack of measures intended to cut public spending and the slow pace of decentralization.

The Government"s major project - The National Investment Fund, pops up every now and again, and a few months later we are told it is still in an "incipient" stage....

The "Danube Tiger" fund owned by Switzerland-based "Hyposwiss", one of the largest foreign investors on the Romanian stock market after "Julius Baer", owns over 30 million Euros worth of stocks and government bonds listed...

After an investment of around 2 million Euros, "Transgex" currently owns greenhouses spanning two hectares in Livada, county of Bihor, in which it uses geothermal water as an energy source.

The European currency rose for the fourth day in a row, as the official exchange rate of the Central Bank stood at 4.1597 lei/euro, up 1.68 bani, compared to Friday"s rate, when an Euro stood at 4.1429 lei/euro.

If it wasn"t for the IMF coming over to visit on April 27th, to decide whether they"re going to give us in June, the fifth installment of the loan (850 million Euros), then president Traian Băsescu would stop making a fuss on B1 TV that...

The public takeover bid for Perla Covasnei Sfântu Gheorghe launched by majority shareholder Violeta Moraru failed, as no shareholder was willing to sell their shares at the price of 1 leu/share.

Investment fund Equest Balkan Properties has announced that it has put up for sale a plot of land of 32,900 sqm in Ploieşti, at a price of EUR 70/sqm.

Public Private Partnerships as the stimulating factor for the growth of new constructions, was the main theme of discussion on Wednesday night for Italian businessmen and the mayor of Bucharest, Sorin Oprescu, at the event organized by Unimpresa.

Market sources say it is likely the leu is being kept artificially stable, sources in the market claim, who say that it is possible the Ministry of Public finance has cooked the books when it comes to reporting the budget deficit.

Staff expenses should be reduced this year by eliminating 100,00 jobs, but this kind of mass layoffs require a strong political will, said Lucian Croitoru, advisor to the governor of the NBR, who said he doesn"t rule out the use of unpaid...

The losses found following the investigation of the cases of fraud and tax evasion by the National Tax Administration Agency (ANAF), reached 1.36 billion Euros in 2009, up 45.6% over the previous year, according to an official report by the...