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The approval of the mandate for the creation of the strategy for the privatization of the "C.F.R. Marfă" division of the Romanian Railways Company will be discussed on Thursday, at the headquarters of the Ministry of Transport and...

Even though the contraction of the economy was felt strongly last year by the Second Pillar of the mandatory pensions, leading to the low number of participants and the drop in collected pensions and the reduction in raised amounts, the private...

Much ado about nothing.

Given the fact that the main issue the Bucharest Stock Exchange is the lack of investors, leading to a very low turnover, Valentin Ionescu, the new managing director of the BSE, says he will try to increase trading volume and make the market more...

"EximBank" has initiated a project to collaborate with the Management Authorities involved in the administration of the structural funds which is aimed at facilitating access to information for companies interested in accessing European...

The administrators of "Uztel" Ploieşti have decided yesterday to file for insolvency with the Court of Prahova.

On Wednesday, the representatives of the shareholders of the developer of the Constanţa - Trieste (PEOP) pipeline project, have made the historical decision to begin work on the project. The shareholders will inform the Romanian and Serbian...

The Romanian Government would prefer payment that "Rompetrol Rafinare" pay its debt for the debt of in cash of instead of a debt-for-equity swap, Finance Minister Sebastian Vlădescu said yesterday, quoted by Bloomberg. The government...

Condmag SA Braşov has a new board of directors.

The shareholders of hotel company Orizont Turism Predeal only subscribed 91% of the shares issued as part of the operation to increase the share capital. As a result, the share capital will only increase by 7.281 million lei, from 44.9 million...

The Kazakhs of "KazMunayGaz" (KMG) have not yet completed the negotiations with the Ministry of Finance concerning the buyback of the bonds, but will do so by the end of September. They want to have the Romanian state as a partner in the...

But really, why are you worried?! That you can"t file you royalties statements?

The surprising resignation of Daniel Ţepeş from the Board of Directors of the Bucharest Stock Exchange, which took place two days ago in the evening, seems to be related to the merger with the Sibiu Stock Exchange.

"Electromagnetica" Bucureşti has ended the first semester of 2010 with a net profit of 16 million lei, up 23% from last year"s similar period when it posted a profit of 13 million lei.

"Ariston Thermo România" estimates that the number of homes equipped with solar panels could reach 35,000 by winter, compared to the current number of 17,500 as a result of the launch of the program "Green Home".

The Trade Division of the Court of Braşov last week declared the company Iason SA of Braşov insolvent.

Talks about wage hikes, even if such a hike would only apply to the minimum wage, are really coming at a bad time, and are unsustainable in these times of crisis, as the budget is strapped for cash, and the economic forecasts for this year expect...

The last company that the minister of development and tourism, Elena Udrea, still had shares in - Dalli International Co - was stricken off earlier this month by voluntary dissolution.

Starting Friday, "Transilvania Construcţii" of Cluj-Napoca has a new managing director: Vasile-Dănuţ Lungu. He replaces Felicia Felecan, whose contract ended by mutual agreement of the parties.

The shareholders of "Foraj Sonde" Târgu Mureş will review on September 8th a proposal of the Board of Directors to refinance a loan of 34.2 million lei taken from the Anglo Romanian Bank and of leasing contract of 16.8 million lei from...

The government is reviewing the stake of the Romanian state in the project to build units 3 and 4 of the nuclear plant of Cernavodă.

Bursa din New York a deschis în scădere şedinţa de astăzi, indicele Dow Jones coborând cu 49 de puncte, în contextul unor informaţii privind ritmul lent al redresării economice, transmite CNNMoney, potrivit HotNews.ro.

The net profit of "Concefa" Sibiu, specializing in construction services, has increased over six times in H1 2010, from 149,600 lei to 855,000 lei.

"Electroputere" Craiova will layoff 350 employees starting October 1st, who will receive severance pay.

The shareholders of "Ropharma" Braşov will discuss on September 14th, the proposal to transfer shares from the Rasdaq market to the Ist tier of the BSE.

The bids submitted by the three consortiums and by the brokerage firm that is competing on its own for the intermediation of the listing of the Proprietatea Fund range from 1,852 to 7,000 Euros, fees which could seem ridiculous compared to the...

They said that they can back their claims, as the plans for the reorganization of the company - which is being monitored by the International Monetary Fund (IMF) - which include among other things layoffs and sending employees on technical...

"Raiffeisen Bank" ended the first semester of 2010 with a net profit of 49.98 million Euros, down 5% YOY, but has seen its costs with provisions for doubtful loans and losses from 43.79 million Euros to 22.67 million Euro, according to a...

Just three consortiums and a brokerage firm entered the competition for the listing of the Proprietatea Fund, out of the thirteen candidates that acquired the tender book.

The buyer of the first bankrupt mall development project, which is seeing its deal contested, received the moneyh to acquire the project from the same bank that financed it in the first place.

Competition in the journalism universities all over the country was very heavy.

The Authority for State Assets Recovery (AVAS) is looking to postpone by three years the payment of the money owed to former FNI (National Investment Fund) clients, Aurelian Popa, the chairman of the AVAS said for BURSA yesterday.

While the projects to set up two new national energy companies - Electra and Hidroenergetica - are frozen, the Government is reviewing the possibility of setting up a third company, which would be supposed to operate in the renewable energy...

In the first semester of the year, "Boromir Prod" SA Buzău saw a net turnover of 51.7 million lei, down 9.77% YOY.

The company "Internaţional" Sinaia, specializing in hotel accommodation services, has seen a very small increase in its turnover compared to the first semester of 2009, from 3.82 to 3.84 million lei.

With its assets slowly gone to waste over the last twenty years, "Sericarom" SA, the only state owned company that raised silkworms, has seen its utilities disconnected, and runs the risk of entering bankruptcy in the coming two months,...

The management of "Dafora" Mediaş was forced to turn to the Ukrainian courts in order to recover the three million dollars which it is owed by a company for which "Dafora Ukraine" performed drilling works two years ago.

VES Sighişoara, a maker of stoves and enameled pots, ended the first six months of 2010 with a profit of 101,107 lei, after it had posted losses of 680,000 lei in H1 2009.

A Romanian businessman and a Latvian physicist are about to revolutionize the world mining industry, after they recently registered their invention with the European Patent Office (EPO) of Geneva.

Given the fact that the inflation rate exceeded 7% in July, due to the raise of the VAT, the interest rates offered by the banks for deposits don"t even cover inflation.

The Romanian Fund for the Guarantee of Bank Deposits, which has been appointed the bankruptcy trustee of the former Romanian Discount Bank (Banca Romana De Scont - BRS) in July sued Rafo SA Oneşti in order to recover 5.6 million lei from the...

"Teraplast" Bistriţa, one of the largest PVC makers in Romania, reported a net turnover of 93.9 million lei in H1 2010, up 19% YOY from 79.15 million lei, according to the financial statements sent yesterday to the Bucharest Stock Exchange.