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Due to a lack of money, the Government is rushing to sell its stake in the largest Romanian company - "OMV Petrom".

The Romanian National Securities Commission (CNVM) announced that it would wait until today to issue its ruling on the possible effects of Dinel Staicu being sentenced to four years in jail would have on the domestic capital market.

Since nobility isn"t cheap, out of this entire business called the World Cup, the organizers are the only ones that will be making a loss.

If the Parliament validates the amendments of the Ordinance 81/2007 concerning the operation of the Proprietatea Fund, the only step left for "Franklin Templeton" to take over the management of the Fund will be the summoning of the...

The Romanian delegation, led by president Traian Băsescu, was received in March, in Astana, by the local government with a new proposal: the extinguishment of the debt of the Rompetrol group - controlled by the Kazakh state.

Hungarian company "Ibiden", a maker of ceramic parts for the auto industry, headquartered in the Dunavársány industrial park located near Budapest, in association with the Chamber of Commerce and Industry of the Romanian county of...

"Hidroelectrica" has appointed "KPMG Romania" to audit its financial results for the year 2009, and for the first half of 2010. The value of the contract is about 1 million lei, according to an announcement posted on SEAP.

An economic crisis is like a muscle cramp - it comes and goes. It does so quicker or faster, depending on how quick the reaction is.

"Dafora" Mediaş, controlled by businessman Gheorghe Călburean, has completed the negotiations for drilling services worth an estimated 10 million dollars, in Crimea.

The general manager of "Conpet" Ploieşti, Claudiu Alexandru Coleşiu, was dismissed by the Ministry of the Economy, which hold the majority stake in the company.

"Pan Group" SA, one of the largest players on the Romanian milling and bakery products, saw its turnover increase 20% in the first four months of 2010.

The shareholders of "Oltchim" have reasons to rejoice just six months after it acquired the Arpechim" petrochemical division from "Petrom".

Companies have so far been spared from the raise in taxes, but the Parliament will soon deal them a blow that is just as dangerous.

Insurance company Asirom Vienna Insurance Group announced it expects to make a profit this year as well, after posting a net profit of 4.9 million lei last year.

The annual inflation rate reached 4.4% last month, due a 0.1% increase in consumer prices, according to forecasts by the members of the "Association of Financial and Banking Analysts of Romania" (AAFBR).

In order to avoid an increase in the number of overdue loans, the authorities yesterday approved an emergency ordinance concerning consumer loans, which allows borrowers to repay their loans before maturity, if they no longer agree with the terms...

"Voestalpine Steel Service Center Romania" has completed the evaluation process of the tenders submitted for the construction of the steel plant of Giurgiu.

The dollar is beginning to show the first signs of weakness, after more than a week of continuous appreciation, dropping 2.22 bani yesterday, down to 3.5274 lei/unit.

Rolling mill designing institute Iprolam Bucharest saw its turnover decrease 2.6% this year, from 11.19 million lei to 10.89 million lei, while the company"s profit increased 53%, from 670,000 lei to 1.03 million lei.

Dafora Mediaş has teamed up with Hidroconstrucţia SA, which will helm the project, and with Flowtex Technology, concluding a contract worth 22.07 million lei with the company "Apa Târnavei Mari", in order to rehabilitate and expand the...

The Romanian National Bank yesterday displayed an official exchange rate of 4.2311 lei/Euro, the highest level since December16th 2009, when the exchange rate was 4.2459 lei/euro.

Around 4.8% of the share capital of the Bucharest Stock Exchange was traded yesterday, on the first day after the self-listing of the BSE.

The Ministry of the Economy, Trade and Business Environment (MECMA) intends to begin a program by which all companies in which the state holds less than 50% "would be privatized immediately", in order to bring revenue to the budget,...

The law concerning brand names (no. 84/ 1998) revised now requires rights holders to defend their interests and to oppose any attempt to register a brand that infringes on those rights.

The Minister of the Economy, Adriean Videanu, announced in mid-May that "Romgaz" will be listed on the Bucharest Stock Exchange.

Interview with Stere Farmache, the chairman of the Bucharest Stock Exchange

The austerity measures are needed to win back investor confidence and ensure a return to economic growth, said the chairman of the European Commission, Jose Manuel Barroso.

Eleven days before announcing the dismantling of the National Investment Company, minister Elena Udrea approved the creation of a new investment company that will manage the assets of the Romanian state in the tourism sector.

The management of "Franklin Templeton", the American company which was selected almost one year ago to manage the Proprietatea Fund, is beginning to lose its patience at the snail"s pace of the Romanian authorities in solving the...

"Romcab" Târgu Mureş plans to expand, using an investment program of 49.5 million lei which its shareholders approved this week.

The level of overnight deposits with the European Central Bank rose to a record yesterday as the sovereign debt crisis made banks apprehensive of lending to each other, according to Bloomberg, as quoted by Agerpres.

While visiting the Bran estate, the archduke Dominic of Habsburg says that he is waiting for bids for the Castle of Bran, including from the Romanian state.

The Romanian soccer clubs have once again dodged the bullet of financial collapse.

The management of the Proprietatea Fund yesterday vehemently criticized the decision of the Central Depository to raise the commissions it charges for transactions involving shares of the Fund, and it announced it is considering the avenues of...

The vice-president of the Romanian Chamber of Commerce and Industry (CCIR), Nicolae Ţucunel, yesterday said he no longer trusts the government, after two ministers "nonchalantly" announced that "they lied during the electoral campaign...

Belgian group "Delhaize", which operates the "Cora" hypermarket chain in Romanian, yesterday acquired the assets located in the Civic Center of the city of Braşov, which previously belonged to "Hidromecanica".

The austerity measures that our authorities announced in order to cut budget spending have messed up the estimates of the National Prognosis Commission (CNP) concerning the poverty rate in Romania.

More than one third of the companies which entered liquidation or those that temporarily suspended their operations over the last two years did not do any business in 2008 or didn"t even meet their legal requirements of filing their balance...

The Romanian soccer league and the real estate market are similar in many respects, because in theory, the sum of their parts is worth a lot more than their parts considered separately.

The prospectus for the IPO of the Bucharest Stock Exchange (BSE) mentions the plot of land with a surface of 575 sqm, located at 44-46, Mareşal Averescu Boulevard, which has been recorded as a "tangible asset", but it does not specify...

"Piraeus Bank" Romania ended the first quarter of 2010 with a gross profit of EUR 10.3 million, a significant increase over last year"s similar period, according to the press release.

The management of "Uzinsider", one of the biggest domestic exporters of industrial equipment, is considering listing "Promex" Brăila on the stock exchange, after Promex was delisted from the Rasdaq market more than six years ago.

The shareholders of "Realitatea Media Barter Deals" - businessman Sorin Ovidiu Vântu and consultant Mihai Craiu - recently decided to extend the duration of their business, until mid-may 2011.