English Section

Braşov company Ropharma saw its net profit increase 3.8 times YOY after the first nine months of the year, from 3,138 million to 12,187 million lei. The company"s turnover increased 29% during the reviewed period, from 203.56 million...

The Fiscal Council considers that the reduction of the income tax from 16% to 10% (ed. note. which the Senate approved on Tuesday) poses a significant threat to the Romania"s ability to meet the budget targets for the medium run assumed as...

The domestic media industry has entered the age of major employee migrations.

"CEC Bank" posted a gross profit of 89 million lei after the first nine months of the year, up from 55 million lei at the end of Q3 2009, the bank announced in a press release.

The team of the Bursa daily ended its participation in the Press Football Championship, organized by Smart Olympic, with a match worthy of becoming a story for grandchildren.

More than half of the domestic brokerage firms have rushed to request access to the ATS system of the Bucharest Stock Exchange (CAN-ATS), which was inaugurated yesterday, almost half a year after having received the license of the CNVM.

The dollar and the Swiss Frank yesterday gained on the foreign markets, after the artillery fire exchange between the two Korean Republics fueled demand for these safe haven currencies.

15 years have passed since November 20th, 1995, when the Bucharest Stock Exchange saw its first trade after World War 2, an event which will be celebrated this week and which deserves a special mention in our paper, which received the...

The Court of Bucharest yesterday ordered the provisional arrest of businessman Cătălin Chelu for 29 days.

Starting in 2011, investors will also be able to buy or redeem shares in the funds managed by "Certinvest" using their phones.

According to a press release by BMW Romania, the company will launch a new Series model in Romania in March 2011, after the vehicle will be presented for the first time at the Los Angeles Auto Show, which will take place between November 19 and...

Global eBusiness Operation Center (GeBOC), a division of the Hewlett-Packard group, runs a European project for increasing the ability of its employees in using one of the major European and/or regional languages, a project which will take place...

The BSE seems intent on becoming a textbook example of everything a company listed on the stock exchange should not do - first of all, lying about the resignation of one of the members of its board, and now, trying to hide the fact some of its...

On October 6th, the shareholders of "Fotbal Club Timişoara SA" have decided to spin-out the company, in order to lowers costs and increase its turnover.

"Azomureş" has seen its turnover increase 66.4% in the first nine months of the year, from 525.4 million lei to 874.4 million lei, and its net profit increased almost 15 times, from 6.1 million lei to 89.4 million lei.

The British consider traveling to Romania as a rather adventurous enterprise.

Several shareholders of the BSE, as well as several members of the Board of Directors of the institution, want to propose a reduction of the company"s share capital by about nine million Euros, which would then be distributed to shareholders.

Wolfgang Ruttenstorfer, the CEO of the OMV Group, majority shareholder of Petrom, was charged with insider trading, Thomas Vecsey, the spokesperson the Prosecutor"s Office of Vienna announced yesterday, as quoted by Reuters.

You"d have to be a little eccentric to lead a technology center that looks like the "yin and yang" symbol when viewed from a plane.

The European Union is in a "a survival crisis", and its members should act together in order to overcome it, EU president Herman van Rompuy said yesterday, and he stressed that otherwise, the future of the European bloc would be in question.

Adrian Vasilescu, the advisor to the governor of the NBR, considers that the next year will be just as difficult as 2010. In his opinion, the official forecast, which predicts the economy will grow by 1.5%, can be reached if we do not stumble.

Hotel company THR Marea Neagră announces a 30.8% YOY drop in its turnover at the end of Q3 2010, from 29.2 million lei to 20.1 million lei, whereas its profit dropped 6.3%, to 5.5 million lei.

The European Bank for Reconstruction and Development (EBRD) yesterday announced that it will extend a loan of ten million Euros to BRD Groupe Société Générale, to finance sustainable energy projects implemented by Romanian businesses.

The owner of the football club Steaua Bucuresti, is about to lose five million Euros, wit nothing to show for it.

The state can"t seem to succeed in selling its minority stakes in the agricultural companies, in its attempt to consolidate budget revenues.

East European criminals and corrupt politicians have found in offshore havens a tool so perfect that it has permanently changed how business is done in the region.

Before he was arrested for money laundering, tax evasion and organized crime, Romanian offshore consultant Laszlo Gyorgy Kiss explained to an undercover reporter from the Organized Crime and Corruption Reporting Project (OCCRP) the art of hiding...

Romanian police arrested offshore consultant Laszlo Gyorgy Kiss in Bucharest in early October, one month after reporters working undercover for the Organized Crime and Corruption Reporting Project (OCCRP) recorded him explaining how to cheat on...

Luck seems to favor train maker "Remarul 16 Februarie", which after months of negotiations succeeded in securing the exclusive license to manufacture and sell trains manufactured under the "Bombardier" license in five states of...

Breaking the law, whether by using black market labor or avoiding paying taxes, has almost become a sport for the business sector, president Traian Băsescu said yesterday.

The Romanian market for franchises has seen only slight fluctuations, since the beginning of the year, compared to last year"s similar period, said Adrian Gheorghe, general manager of "ThinkBig International" - a franchise consulting...

"BURSA" has received the excellence award for its support of the Romanian stock market, together with the Romanian Securities Commission and former Finance Minister Sebastian Vlădescu, in the Capital Market Awards Gala of 2010, which was...

Russian giant Lukoil is interested in taking over the exploitation of the hydrocarbon resources that Canadian company Sterling Resources Ltd. holds in the Black Sea, official sources from the energy market say.

Over the past few days, poetry books have seen record sales.

The Romanian National Bank (NBR) will layoff part of its staff, in order to help modernize the oversight operations, Adrian Vasilescu, advisor to the Governor of the NBR said yesterday, as part of the EU -COFILE seminar held in Sinaia.

National natural gas carrier "Transgaz" SA reported a net profit of 284.2 million lei at the end of the first nine months of 2010, up 50% over last year"s similar period (189.3 million lei).

The company "Hidromecanica" Braşov has lowered its net losses by 85%, from 7.198 million lei to 1.082 million lei, as its net turnover has dropped by almost 50%, from 8.374 million lei to 4.524 million lei.

For more than a year, Romanian private energy providers have been trading abroad, on over-the-counter (OTC) markets, because their platforms are flexible and allow them to conclude contracts quickly.

The circulation figures for the papers audited by the BRAT were unintentionally invalidated in a "farewell" letter that Adrian Halpert, sent to his colleagues at the "Adevărul" daily, where he was a managing editor until yesterday

Brewer "Martens" Galaţi, has reduced its losses in the first nine months of 2010 by 62.7% YOY, from 6.2 million lei to 2.3 million lei.

The metallurgic plant "Mechel" Târgovişte has announced it will participate in the share capital increase of "Mechel Reparaţii" Târgovişte, by a contribution in kind of 15.4 million lei, the equivalent value of several plots of...

The portfolio of the mutual fund iFond Gold, managed by Intercapital Investment Management, will invest most of its assets - 40% - in shares of "Gabriel Resouces", the company which holds 80% of the "Roşia Montană Gold Corporation".

While Romanian brokerages are still dreaming of the listing of the Fund on the Bucharest Stock Exchange, derivatives based on the shares of the Fund have already begun trading one month ago on the Frankfurt Stock Exchange.

The recent decision of the US Central Bank (Federal Reserve - Fed) to support the economy by injecting an additional 600 billion dollars in the American banking system could create a shock on the financial markets of emerging countries, by...