English Section

On Friday, Mircea Botta, the vice-president of the Bucharest Stock Exchange, withdrew his candidacy for a seat on the Board of Directors of the Central Depository, acknowledging the validity of the notification that the Association of Brokers had...

A complaint about the unfair practices of the Central Depository seems to have reached the Competition Council, as illustrated by the official response received following a request of our paper.

Six brokerage firms intend to request the use of cumulative vote method at the General Shareholder Meeting of the Bucharest Stock Exchange (BSE) summoned for September 10th/11th, when the short list of favorites of the Exchange for the presidency...

(Interview with lawyer Gheorghe Piperea, professor of commercial law)

The player (that sometimes seems to be the president of the country) has announced the prime-minister (that never looks like the prime-minister he is supposed to be), that he"ll be sitting on the sidelines for a while, during the talk that...

"Metrorex" will allocate 36.61 million lei for feasibility and preliminary feasibility studies for the Fourth Subway trunk line between Gara de Nord-Progresul, according to an announcement made by the company, quoted by Agerpres.

Turnover of Bucharest-based construction company Cominco, specializing in construction, dropped 9.6% YOY in the first semester, from 43.3 million lei in H1 2009 to 39.1 million le.

A complaint about the unfair practices of the Central Depository seems to have reached the Competition Council, as illustrated by the official response received following a request of our paper.

Six brokerage firms intend to request the use of cumulative vote method at the General Shareholder Meeting of the Bucharest Stock Exchange (BSE) summoned for September 10th/11th, when the short list of favorites of the Exchange for the presidency...

The state owned company that handled the promotion of the Regio program (The Romanian Regional Operational) used a logo which bears a striking resemblance to the emblem of the Spanish Professional Football League.

After lowering our revenues, the crisis could leave us with a smaller number of towns.

In the first semester of 2010, the net profit of the Romanian National Securities Commission (CNVM) edged slightly above 1 million lei, after it had posted a loss of 10 million lei in the first six months of 2009, according to information...

Braşov-based company INAR SA, the only research institute for road vehicles in Romania, last year posted a loss of 392,971 lei, after posting satisfactory earnings in the previous years.

In the first semester of 2010, "OMV Petrom" invested around 1.8 million Euros in marketing, in particular in the rebranding of the PetromV stations. The total investments in gas stations for this year amount to approximately 4.9 million...

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...