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"Roman" SA of Braşov intends to increase its share capital by 20.9 million lei, from 302.28 million lei to 323.2 million lei.

KazMunaiGaz intends to pay back 100 million dollars of the debt of 2.4 billion lei (around 600 million dollars) that "Rompetrol" has towards the Romanian state, the minister of Finance Sebastian Vlădescu said yesterday in a press...

I don"t know if Jean-Pierre Vigroux has learned to speak Romanian in the twenty years since he found Romania and began living here, as a representative of consulting firm "Coopers & Lybrand", but one thing is certain he is not...

The government said that it no longer wants to compensate former owners whose properties were confiscated before "89, by paying them cash, instead wanting to offer them shares in the Proprietatea Fund, over the next two years, according to an...

Investors on the Bucharest Stock Exchange yesterday were expecting the EUR/RON exchange rate to reach 4.519 lei for one Euro at the end of the year, whereas on the Sibiu Exchange, the Euro/Ron exchange rate was seen at 4.473 lei, according to the...

Last year, the courts ordered the Agency for Payments and Agricultural Interventions (APIA) to pay 954.920 lei (over 200,000 Euros in damages) to subsidy recipients who sued the institution, according to data that the APIA sent to our editors, at...

SIF Transilvania, the minority shareholder of IAR Ghimbav, will challenge in court the decision of the government to transfer the core assets of the company to the joint venture with "Eurocopter".

Analysts expect the NBR to keep the policy rate steady at 6.25% in its meeting scheduled for today, at least until the end of the year.

The European Commission is currently evaluating the case of the state guarantee for Oltchim, after the decision to launch the investigation was made on November 19th, 2009, as discussed in a study by the EC on the measures taken by the EU member...

Yesterday, the NBR announced an exchange rate of 4.3523 lei for an Euro, a new historic high against the Romanian currency.

"If the study that we ordered will prove that a business in this sector is a feasible project, we will begin the project in the air taxi company in autumn", said Mihai Fercală, the chairman of SIF Transilvania.

After the European governments have proposed additional taxes on banks in order to lower their budget deficits, which has already been agreed upon by Hungarian, British, German and French authorities, Romanian bankers say that they don"t see...

One of the most well-known players on the road and highway construction segment, Dorinel Umbrărescu, recently decided to merge the companies he owns that operate in this sector.

Investors are scrambling to use the last days when capital gains are still taxed at the rate of 1% for stocks held for more than a year, by selling their holdings to close relatives or, in some cases, to their companies themselves.

On Saturday, the government has decided to raise VAT by 5%, from 19% to 24%, after the Constitutional Court decided that the government decision to cut pensions by 15% was unconstitutional.

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.