English Section

The 2009 activity report of the Romanian Football Federation illustrates speaks for itself when it comes to the results of its management team led by Mircea Sandu and Ionuţ Lupescu.

I promised (in this column, months ago) that I would show my reasons to be proud of being Romanian.

The current management of the Bucharest Stock Exchange is considering reorganization of the BSE Group, after the former Board of Directors also tried to cut expenses.

The state makes its move in the gold business before even completing the investigation on the unclear reasons which led to the reduction of its stake in the Roşia Montană project.

Cosmetics maker Farmec Cluj-Napoca, has seen its business increase 10% in H1 2010, to 46.7% million lei.

"Groupe Danone" SA, the world"s largest producer of yogurt, reports growing earnings for the first semester of 2010, due to its rising sales on markets such as Indonesia and China.

The current management of the Bucharest Stock Exchange is considering reorganization of the BSE Group, after the former Board of Directors also tried to cut expenses.

The state makes its move in the gold business before even completing the investigation on the unclear reasons which led to the reduction of its stake in the Roşia Montană project.

The project "The rehabilitation of the urban areas with severe deficiencies of the sewer systems of the city of Arad - including the modernization of the pertaining road system", which the mayoralty implemented using funds provided by the...

There are areas in the country whose residents would have liked to be flooded, who precisely because of the disaster that was avoided missed out on profits of tens of millions of Euros.

A mission of the International Monetary Fund (IMF) is expected in Bucharest today, to discuss the economic objectives for the year 2011.

At the end of June 2010, non-government loans granted by credit institutions went up 3.8% (3.6% in real terms) from May 2010 to RON 210,808.8 million, and 6.4% YOY, the National Bank of Romania announced.

Reporter: Minister, how far along is the project for the sale of 11.84% of the state"s holding in "Petrom"? Same question for the sale on the Stock Exchange of the minority stakes in "Transelectrica", "Transgaz" and...

The CNVM has issued again a USD 2,500 fine against the company Flamboyant Ventures of the Belize.

Insolvency proceedings have recently received several amendments which will come into effect starting today.

The severe drought in the steppes of Russia and Kazakhstan caused the wheat production of the two countries to decrease by about 9 million tons.

"Fiat" SpA, the Italian automaker that acquired 20% of American company "Chrysler Group" LLC, reported its first profit in three quarters, thanks to increased sales of Iveco trucks and New Holland tractors.

On August 9th, the Romanian National Highway and Road Company (CNADNR) will hold a call for tenders for design and execution services for the Passageway of the Ploieşti Vest beltway (DN 1) km 10+604.

Romania can only exit the recession through harsh budget constraints, says the governor of the NBR, Mugur Isărescu, who said that he didn"t agree with the statement that the IMF saved us as a country, made by his advisor Lucian Croitoru...

Transdanube Industries SRL (TDI) wants to finance the construction of the reinforcing bar plant of Olteniţa using a combination of its own funds and bank loans.

A decision of the Romanian National Securities Commission (CNVM) of July 15th, prohibits the Bucharest Stock Exchange and the Sibiu Exchange from acquiring stakes in each other, but allows them to buy shares in other exchanges from EU member...

The cost of cross-border trading could drop by as much as 90% after the implementation of by the Central Depository of the Target2 Securities platform which is targeting the streamlining of trade settlement across Europe, Jeam Michel Godeffroy,...

Aernnova European Components SRL, controlled by Spanish company Aernnova Aerospace and by its investment vehicle, Aernnova Aerospace International Investments SA, both registered in the Technology Park of Alava, are in advanced talks with a...

The share capital of ProCredit Bank was increased by 5 million Euros at the end of last month, now exceeding 140.309 million Euros, according to a press release by the bank.

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...

An increasing number of agricultural producers are beginning to grow exotic crops as experiments, due to the climate warning of these last few years.

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...