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Starting in 2005, the winemaking and orcharding station called "Domeniile Sâmbureşti" is part of "Valvis Holding".

The management of "Alro" SA claims that the energy it is buying directly from "Hidroelectrica" only covers 75% of its needs and that it does not resell this energy to other suppliers.

The Court of Olt has admitted the request for "Romvag" Caracal to be declared insolvent (symbol: ROMJ on the Rasdaq market) and has appointed "RVA Insolvency Specialists SPRL" as receiver of the company.

The capital market watchdog has fined the managers of "Jovline" and "Zalois", the two companies which control the fertilizer maker "Amonil" Slobozia (symbol:AMO) with 50,000 lei each.

"Sinteza" Oradea has seen its turnover decrease 9% in the first nine months of 2010, from 7.7 million lei to 7 million lei, posting a loss of 20,000 lei, after posting a profit 500,000 lei at the end of last year"s similar period.

The evolution of civilization has implicitly led to the evolution of tastes.

Even though the head of "Oltchim" was forced to retract his statement that BCR would become a shareholder of Oltchim, another official yesterday announced that the Romanian Commercial Bank has issued its "on principle agreement"...

The fear that they could lose their jobs has caused most of the employees in the public sector to reject the call of union leaders to go on a spontaneous strike.

The capital market watchdog has fined three employees of brokerage firm "Valmob Intermedia" of Piteşti with 2,500 lei each, after finding out, among other things, that its brokers have fraudulently used the funds of some of its...

On December 3rd, the shareholders of hotel company "Turism Covasna" are expected to review the proposal of the Board of Directors of the company to increase the share capital of the company by almost 5.2 million lei, from 10.3 million lei...

Several future shareholders of the Proprietatea Fund (FP) plan to go to court in order to obtain the invalidation of the decision of the Fund to buy back approximately 10% of its stock, which was approved by the General Meetign of Shareholders in...

The tense discussions on the matter of the "currency war" have opened the horizon for a difficult compromise among the strongest economies of the world, which, according to many analysts, would lead to the worsening of the current crisis.

Ioan Niculae, the owner of the "InterAgro" group, yesterday said, that next week he will start sending in notices about the plan to begin laying off the employees of "Viromet" Victoria and "Nitroporos" Făgăraş, after the...

The retroactivity of the Government Ordinance 50 is a false issue, president Traian Băsescu says, who stressed that the ordinance will apply for future contracts.

Romanian investors can trade American stocks at a lower cost, now that the Central Depository has established a cross border connection with the central depositories of the United States.

The head of CFR Cluj, Arpad Paszkany, announced that he is willing to sell the majority stake in the club.

The excitement of president Traian Băsescu during the meeting with the IMF mission, which came to the Cotroceni palace on Sunday, was due to a mysterious set of measures concocted by the Boc government in the nick of time, which the presidency...

"Ferrari" has seen its revenue increase to 1.35 billion Euros (+4.8% YOY) at the end of Q3 2010, according to a press release sent to our editors. The press release states that the company delivered 4,598 cars in the reviewed period (+2.4%).

The "Honda Marine" model has officially entered the Romanian market, through "HIT Power Motor", importer for Romania and the Republic of Moldova.

Assaulted by the angry shareholders who are going to court requesting the cancellation of the decisions of the last General Meeting of the Shareholders of the Proprietatea Fund (FP), Franklin Templeton, the manager of the Fund, is trying to...

In just three months, Realitatea Media, the company that manages Realitatea TV, went from being in foreclosure, to receiving a respite on all of its tax arrears to the state.

Over 100 million Euros have left from the accounts of the former Petromservice (currently called PSV Company), controlled by unionist Liviu Luca and businessman Sorin Ovidiu Vîntu, to several companies registered in tax havens.

The net profit of Banca Transilvania reached 69.7 million lei, after the first nine months of the year, or a 44% increase YOY, according to a press release by the institution.

Romania has already missed out on 30 million Euros from the World Bank, because it did not pass the controversial draft bill which would establish the financial and political autonomy of the Romanian National Securities Commission (CNVM), the...

The Boc government remains in place, after the Parliament voted against the motion to suspend the Government.

Poland has raised the price range for the IPO of the Warsaw Stock Exchange (WSE), Bloomberg reports, as quoted by Agerpres.

The team of Bursa has made another set of rivals happy in the Press Football Championship.

The next episode in the political struggle is today"s union protests, to put pressure on the Parliament, at the time of the vote on the motion of no-confidence, by which the opposition is trying - but without the ghost of a chance - to sway a...

In Q3 2010, brokerage firm "Intercapital Invest" intermediated trades with shares and mutual fund units worth 98.3 million lei, compared to 154.2 million lei in Q3 2009, according to a press release.

"LVMH Moet Hennessy Louis Vuitton" SA (LVMH), the world"s largest luxury item maker (in terms of turnover), acquired 17.1% of "Hermes International" SCA. LVMH acquired 15 million shares of "Hermes" (14.2% of the...

The issue of the buildings in which the major union groups are located is to be settled today in the Parliament, in the day preceding the largest union protest of the last ten years.

An eventual increase of the contribution paid by brokerage firms to the Investor Compensation Fund (FCI), which is being discussed on a European level, could bring to their knees some of the small and medium sized domestic brokerage firms, which...

The Chamber of Commerce and Industry of Iaşi (CCI) has published the list of the top performing companies of the county of Iaşi in the year 2009. In the 17th edition of the chart of the chart of companies of Iaşi, "E.ON Moldova...

The crisis hasn"t affected bankers" compensation, as the monthly salaries remained steady, and only the variable part suffered major changes.

The leu posted significant gains, in the second half of Friday"s interbank trading session, and the exchange rate dropped below 4.3 lei/Euro, from 4.32 lei/Euro in the beginning of the session, due to the selling of Euros.

Romania"s perceived risk reflected in the quotations of CDSs (Credit Default Swaps) started rising, and it depends largely on the visit of the IMF, whereas the reverse is happening in the other countries in the region.

Just like every year, at the time when grape juice turns into wine, the Council of the County of Vrancea is hosting in Focşani, the Festival of Vine and Winemaking "Bachus" 2010".

The fifth edition of the Wine Waiting Award "Halewood Wine Cellars" will be held between December 6th and December 9th, at the "Aro Palace" hotel of Braşov.

Ioana Maria Vlas says she left the country out of fear.

The BSE has decided to shut down the OTC market which the Board of the Central Depository had launched just one month ago, as the representatives of the Bucharest Stock Exchange (BSE) voted yesterday, at the meeting of the Board of Directors of...