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The great Romanians sports champions have so far failed to break into the advertising industry, and this is visible in the size of their accounts.

The president of the Bucharest Stock Exchange (BSE) Stere Farmache denied that the press release of the BSE which omitted to mention that Daniel Ţepeş had effectively resigned from the Council of the Exchange.

Around 6.3% of the share capital of the Bucharest Stock Exchange (symbol:BVB) was transferred yesterday in three special deals, of 19.82 million lei (around 4.7 million Euros).

Romania has approved over 5,300 project financed using European grants, which are worth a total of 11.5 billion Euros, without including those in the agricultural sector, secretary of state in the Ministry of Finance Bogdan Drăgan said yesterday,...

The power of the press should not be used for private or antinational interests.

The chairman of the Bucharest Stock Exchange, Stere Farmache, claims that the CEO of the BSE does not have access to the information in the accounts: "I personally stress that, neither as CEO nor as chairman of the BSE, did I have nor do I...

The lies of Daniel Ţepeş, or - as the press called him - the "biggest shareholder of the Bucharest Stock Exchange", began as follows:

The shareholders of "INAR" Braşov last week revoked three of its members of the Board of Directors, whereas two other members had resigned earlier from their positions.

The Bucharest Stock Exchange lies at the bottom of the chart of European exchanges, together with the Exchange of Cyprus and that of Ljubliana, meaning that the terrible struggles over the positions on the boards of the various institutions of...

A study by Erste Bank states that there is an extremely high chance of the price of properties in Eastern and Central Europe entering a period of sustained increase.

The shareholders of construction materials maker "Cemacon" Zalău, did not approve the 6.1 million lei increase of the share capital of the company, from 24.4 million lei to 30.5 million lei.

Cardboard and paper maker "Vrancart" Adjud, will borrow 17.2 million Euros, which it will guarantee by pledging its assets, a move which was approved by its shareholders this week. The company did not announce the intended use of the loans.

The Ministry of Public Finance plans to expand the range of options available for the placement of its bonds. In its desire to lower the cost of its borrowing, it is considering tapping into the American market in the beginning of 2011.

The Ministry of Finance wants to take away from the Proprietatea Fund its future earnings from the claims that it has on Romania"s foreign creditors.

The managers of the private clinic Genesys of Arad expect to have a turnover of 3 million Euros this year and a number of 20,000 patients, as citizens turn to private clinics for healthcare services.

The shareholders of drug distributor "Medimfarm" Ploieşti, have decided to extend the mandates of the members of the Board of Directors by another year, until September 21st 2011.

Thousands of members of the CNSLR Frăţia union protested yesterday in Bucharest against the austerity measures adopted by the government.

Retailer demand for new retail locations remains low across all sectors.

Next year, Romania will sign a new loan agreement with the International Monetary Fund (IMF), president Traian Băsescu said in his speech before the Parliament.

The possibility of having some of the trading from the BSE move to the over-the-counter (OTC) market, after the Board of Directors of the Central Depository decided to settle the trades without going through the market"s screens, has caused...

Law firm Ţuca Zbârcea & Asociaţii yesterday announced that it has signed a partnership agreement with the leading business lawyers firm of Chişinău - Ţurcan & Ţurcan.

The secondary offering for the 10.78% stake that SIF "Transilvania" holds in "Siretul" Paşcani which was held between April 21st and September 15th, failed.

Without waiting for a final decision of the Romanian National Securities Commission (CNVM) on the statute of the Rasdaq, The Bucharest Stock Exchange has decided to "grab the bull by the horns" and has begun to send notifications to...

Part of the measures implemented ten years ago by the Austrian authorities to help the Stock Exchange of Vienna recover can be adopted by the domestic capital market as well, to help reinvigorate it, considers Richard Schenz, the vice-president...

The Central Depository of Bucharest, one of the most important institutions of the domestic capital market, made a profit of 2.31 million lei (approximately 550,000 Euros), in the first semester of 2010, up 457% YOY, according to statements made...

Russian giant "Gazprom" has been fighting other heavyweights of the energy industry for years, over the right of intermediating the sale of Romania"s carbon emission certificates, a deal which is estimated to exceed 1 billion Euros.

The management of "Romgaz" is hoping that the company will become an active player on the Natural Gas Exchange of Vienna, from which it hopes to buy natural gas starting with June-July 2011, if this solution proves economically viable.

(Interview with Cristian Sima, the head of brokerage firm WBS Romania)

Prices of high-class wines experience frequent fluctuations, and can change daily, said Cristian Preotu, the representative of wine importer "Le Manoir": "There are even brokers in this area, there is a permanent < exchange...

The shareholders of Ropharma Braşov, a company specializing in the distribution of drugs, have approved the transfer of the stock from the Rasdaq market to the 1st tier of the Bucharest Stock Exchange.

The Board of Directors of SIF "Oltenia" will be summoned on September 24th, to appoint a new interim manager for the company, after Margareta Racoviţă resigned, according to a communiqué sent to the Bucharest Stock Exchange.

To avoid giving the impression that the court would discriminate in favor of Vîntu, the computer of the Court of Appeal of Bucharest was used to randomly select the three judges that would try his appeal against the decision of his temporary...

The European Commission yesterday brought legislative proposals to strengthen the regulation of derivatives, for a better regulation of derivatives transactions and short sales.

The delivery of fuel to the state is an alternative that the Kazakhs of Rompetrol are already negotiating with the authorities, in order to pay back their outstanding debt, of more than 500 million Euros.

The final investment decision for Nabucco pipeline project will be made by the six shareholders after gas supply contracts will be concluded and transport contracts will be negotiated with the traders.

In yesterday"s meeting, the shareholders of "Rompetrol Rafinare" approved on principle the mortgaging of several of the company"s assets, even though since Friday, they have been placed under distress by the National Tax...

German company Continental, specializing in the production of tires, will open a small factory next year, which will employ approximately 80 people, in the Cristian commune of the county of Braşov.

With a low market share, the wines produced by the "Ştirbey" belong to the "premium" and "super premium" segments, and are sold to restaurants, hotels and specialized wine shops, either via various distribution companies,...

Businessman Adrian Augustin Baciu will put up for sale several hotels and plots of land in the cities of Cluj-Napoca and Turda.

According to a statement issued yesterday, the judge has overruled all the objections of the three lawyers of Sorin Ovidiu Vîntu, Octavian Turcan and Alex Stoian against the preventive arrest of the three defendants, who were allowed to appeal...