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429 companies of the city of Braşov have become insolvent in the first six months of 2010.

Identical notices to attend call the shareholders of "Altur" Slatina (symbol: ALT) and "Galfinband" Galaţi (symbol:GALF) to decide on the revocation of the Board and the appointment of two companies as administrators of the two...

Aerostar Bacău, a company that operates in the plane construction and maintenance business, has seen its turnover in Q1 increase 14.6% YOY, from 61.39 million lei to 70.35 million lei.

The NBR yesterday removed 1 billion lei from the interbank market, through deposits with a 1-week maturity, at a rate of 6.25%/year, equal to the policy rate, as the leu has been depreciating lately.

How, when and why, are the three questions concerned to the end of the world, which have concerned humanity over the last thousands of years.

Clubs from the Romanian 1st Football League set a negative record this summer: they failed to sell even one domestic player to any of the major championships in Europe (Italy, Spain, England, Germany).

Petru Lificiu will be replaced as chairman of the ANRE (the energy market regulator) by one of the institution"s vice-presidents, Dan Iulius Plaveti, and will instead be appointed vice-president of the institution himself, according to press...

The NBR has received for approval a draft bill which provides a plan to increase the budget revenues by lowering the country"s foreign currency reserves, an initiative which the Central Bank rejects because it goes against the charter of the...

Raiffeisen Capital & Investment has raised the target price for Transgaz (TGN) shares for the next 12 months by 5%, to 257.6 lei, as the revenues from gas distribution are expected to compensate the effect of the legislative modifications...

Investors in "Vulcan" Bucharest, a producer of power plant boilers, have approved a public bonds issue, as well as the use of structural funds for an investment of approximately 30 million Euros, intended to increase the company"s...

Banks will no longer be as restrictive as they were in their lending to the public and private sector, in the coming period, even though the professional associations have announced that they are expecting bankruptcies and contraction of...

The Insurance Surveillance Commission announces that a number of 17 insurance companies specializing in home insurance, had 3,052 approved claims, following the recent floods.

What do you do when a press agency with reputation and tradition like AGERPRES tries to pretend it interviewed Mădălina Manole and releases it into its news stream under the title "The most precious gift for Mădălina Manole is her little boy...

Poultry maker Avicola Crevedia, will propose the delisting of the company from the Rasdaq, in its July 23rd General Meeting of Shareholders.

Remar Paşcani, whose line of business is the repair of freight and passenger train cars, said it is looking to raise 1.5 million Euros from various sources, including non-reimbursable funds.

Brokerage firm "Broker" Cluj will take the necessary steps to transfer the industrial park "Faur" Bucharest (symbol: FAU) to the regulated market of the Bucharest Stock Exchange.

Fishing and milk production are the new businesses of the agro-industrial group "Interagro", controlled by Ioan Niculae, one of Romania"s greatest businessmen.

The cumulated financial results of the Romanian banking system indicate a loss of over 200 million lei, at the first five months of 2010, according to data from the NBR, a situation which is a cause for extreme concern, claims the advisor to the...

After about four years of negotiations, during which time it turned down several offers, the management of "Timpuri Noi" has decided to sell the plot of land of 5 hectares located 20 minutes away from the Unirii Square in Bucharest, for...

The Chairman of the National Liberal Party (PNL), Crin Antonescu, considers that by refusing to ensure an alternative to the current government together with the liberals, the PSD is showing just as much irresponsibility as the current government.

"I would be happy to have the Romanian state as a partner in Rompetrol", Saduokhas Meraliyev, the CEO of the "Rompetrol Group" said yesterday, more or less seriously, implying that the Romanian state has agreed to the partial...

It seems the first issuer listed on the Romanian alternative trading platform will be "Prodplast Imobiliare", after its shareholders have decided to list the company on the ATS of the Sibiu Exchange.

Several assets which are the property of the state, which were under the management of the Strejeşti research station, were unlawfully sold by the court appointed liquidator, during the liquidation proceedings.

The CNVM (Romanian Securities Commission) has issued a warning to brokerage firm "Ventrust Investment" and has suspended its operating license, according to a decision published in the Commission"s bulletin yesterday.

Law firm Transilvania Insolvency House, the company which handled, among other projects, the liquidation of Braşov-based companies "Tractorul" and "Rulmentul", two of the most important factories of the county, will now handle the...

Starting yesterday, "Banca Transilvania" lies at the center of the largest market manipulation scandal of these past years of the Bucharest Stock Exchange, after the chairman of the bank, Horia Ciorcilă (together with three other bankers)...

Romanian banks seem to be increasingly affected by the drop in the ability of their individual or corporate customers to pay back their loans.

With the crisis in full swing, the state proves that its management of its most important resource - land -, has no valid economic reasoning behind it.

Capital": "A document proving that Interagro owns Amonil has surfaced"

The governor of the Central Bank, Mugur Isărescu, advises the population to lose the fear of investing in gold, alluding to the communist period, when owning gold was punished with prison.

The final of the World Football Cup isn"t just a major athletic struggle, but also an impressive showcase of people literally worth their weight in gold chasing a ball.

The Proprietatea Fund was sued by his old chairman, Alexandru Păunescu, who considers that he is still entitled to another 30,000 Euros, after managing the Fund for a year, between May 2006-November 2007.

The five financial investment companies (SIFs) have announced that they would record the share capital increase performed by BCR differently, taking advantage of the fact that the current legislation allows them to set their own accounting policies.

The International Monetary Fund is willing to renegotiate the budget deficit target of 6.8% of the GDP that was agreed with the Romanian government for this year, following the damages caused by the floods, for which the state budget will need to...

The US authorities are investigating some of the clients of British bank HSBC Holdings on suspicion of concealing accounts they had opened in India or Singapore, according to sources familiar with the matter, quoted by Bloomberg.

Within three years, Romania will become the main player in the wind energy industry of SE Europe, next to Greece and Turkey, Ionel David, Public Affairs Consultant of the Romanian Association for Wind Energy, said yesterday.

Investors on the Bucharest Stock Exchange will be able to trade structured products based on the DAX index of the Frankfurt Stock Exchange, oil and gold.

Looking for financing solutions to the rising number of non-performing loans, bankers are turning to savers, Radu Gheţea, the president of the Romanian Banking Association said yesterday, during a finance and banking seminar.

Recently sentenced to four years in prison for defrauding the former International Bank of Religions, Dinel Staicu, the president of SIF "Oltenia", is getting ready for a new confrontation with the Romanian legal system.

The Governor of the Central Bank of Romania (NBR), Mugur Isărescu, yesterday announced that at the end of 2010, the inflation rate would reach 8%.

Several assets of the National Land Improvement Agency (SNIF), a company which is the focus of the events caused by the floods, have been assigned free of charge to beneficiaries that have nothing to do with land improvement.