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In a press release sent to the Bucharest Stock Exchange this week, "Pantex" Braşov announced it has entered insolvency and has decided to draw up a plan of legal reorganization.

The creditors of "Argirom Internaţional" will vote today on the proposal to dismiss businessman Iosif Armaş as manager of the company, at the proposal of the National Administration of State Reserves (ANRSPS), the company"s main creditor.

"It is hard to tell whether the measures initiated by the government are sufficient, one thing is certain, they are necessary", Mişu Negriţoiu, chairman of ING Bank, said yesterday in Iaşi.

The investment plans of the profitable state-owned companies could be overturned by the decision of the government which requires them to pay 90% of their profits to the state budget, nearly double of what they were paying until now.

"Over the last ten years, gold has proven to be the best performing asset.

The number of Asian millionaires has exceeded for the first time that of their European peers, increasing to 3 million, due to an increase in the assets of Chinese and Indians, according to a study published yesterday by the "Merrill Lynch...

90% of the profits of companies could be transferred to the state budget, prime minister Emil Boc announced yesterday.

The shareholders of the Proprietatea Fund will decide on the amendment of the articles of incorporation in order to transfer the management of the Fund to Franklin Templeton, as well as its listing on the Bucharest Stock Exchange this year, once...

US exports and the postponement of the implementation of the claw-back system caused Erste Bank analysts to revise their recommendation for the shares of drug maker "Antibiotice Iaşi" from "sell" to "hold", after the...

At the end of last week, the National Securities Commission approved the prospectus drawn up by Prefab Bucharest, maker of construction materials, in order to allow its transfer to the BSE from the Rasdaq.

American company "Continental Wind Partners" (CWP), the developer and administrator of the largest European wind park, located on the Romanian shore of the Black Sea, will build two more parks of the same type in Romania, as stated by...

The Executive Board of the International Monetary Fund will meet on June 28th to assess Romania"s economic performance, according to the report drawn up by the IMF evaluation mission, which visited Bucharest between April 27th - May 10th, the...

The court of Braşov has denied the request for the bankruptcy of "Rafo" Oneşti, as announced yesterday by Bogdan Paraschiv, the head of the team of lawyers of law firm "Boştină şi Asociaţii", which represented the company of...

The budget allocated by "Transgaz" this year, for the implementation of the Nabucco project is close to 14.5 million Euros, said Elisabeta Ghidiu, head of strategy, capital markets, communication and corporate relations of "Transgaz".

After the market drop, the main indexes of the BSE gained considerably, posting figures which exceed the minimum thresholds reached in the beginning of the month. Financial rose the most and were the most liquid, due to volumes which were higher...

Even though it may seem paradoxical that Greece, one of the European countries that took the worst hit from the financial crisis, has a better country rating than Romania, the representatives of Fitch explained the reasons, at the request of our...

Everybody is railing against the austerity measures and against the Government, but surprisingly, the minister of Finance, Sebastian Vlădescu has quite a good public image, rather the opposite, he is appreciated for his professionalism.

The Board of Directors of "Aromet" Buzău called the General Extraordinary Assembly on July 22nd.

"Organe de Asamblare" Braşov ended the year of 2009, with a profit of 36,688 lei, down 24.45% YOY, from 47.924 de lei.

The crisis and the difficulty in securing funding have completely overturned the plans of the Irish investors, who, four years ago made an ambitious bet of tens of millions of Euros: that the purchasing power of Romanians in cities outside...

"Shopping Center Holding" is officially controlled by a company based in Cyprus, called Karias Trading Limited, which is led by Dumitru Ciocoiu, one of the managers of the companies controlled by Puiu Popoviciu.

The Minister of the Economy, Adriean Videanu, yesterday announced, at the French Embassy, the framework agreement with the French helicopter maker Eurocopter.

Tunele Braşov, a company specializing in construction, announced it would sell some of its assets of up 2 million Euros.

The coffers of the Ministry of Agriculture is empty, Mihail Dumitru the ministry of Agriculture said yesterday

The draft bill concerning the sale by the state of a 11.84% stake in "OMV Petrom" will be discussed in Wednesday"s government meeting, Adriean Videanu, the minister of the Economy said.

Stere Farmache, the chairman of the Bucharest Stock Exchange yesterday sent a subtle message to the domestic derivatives and stock exchanges, pleading in favor of consolidation of the domestic capital market.

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

"Even though two years ago, almost 20 companies were getting ready to be listed on the Stock Exchange, none of them did, because of the financial crisis", Stere Farmache, the chairman of the Bucharest Stock Exchange said yesterday during...

Gabriela Anghelache, the chairwoman of the Romanian National Securities Commission (CNVM) yesterday warned issuers listed on Rasdaq that are not in compliance with the regulations for that specific market section that they would be moved to the...

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.

The government"s plan to restructure Romania"s energy production involves incorporating the "National Coal Company" (CNH) into "Hidroenergetica", together with "Hidroelectrica" and the thermoelectric powert plants...

While everyone is complaining about wages, everyone admits that the salaries of the president, of the prime-minister and of other ministers are extremely low compared to their positions, says Lucian Croitoru, advisor to the governor of the...

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.