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On Friday, the Consumer Protection Commissariat of the County of Cluj (CJPC) fined BCR with 100,000 lei and proposed the suspension of the bank"s license in the county of Cluj.

"Hidraulica Uzina Mecanică" Plopeni, the only company that wanted to get listed on the Bucharest Stock Exchange this year did not even raise 1,000 Euros from investors following its IPO which ended on Friday.

The US ambassador in Bucharest, Mark Gitenstein, criticized the decision of the Ministry of the Economy, to force Romgaz to donate 400 million lei to the state budget, and said that this measure will spook investors.

Romanian televisions get a serious case of patriotism whenever December 1st gets near. It"s not a bad thing in itself, even though that "symptom" doesn"t last long.

The Court of Appeal of Braşov has blocked the transfer of the assets of IAR Ghimbav to Eurocopter.

Brokerage company "Broker" Cluj (symbol: BRK) looks set to become a very desirable employer, after its Board of Directors last summer decided that its representatives on the boards of the companies it has stakes in will be entitled to the...

Grzegorz Konieczny, the executive vice president/managing director of Franklin Templeton, yesterday presented for the first time the schedule for the listing of the Proprietatea Fund on the Bucharest Stock Exchange, and said he expects the Fund...

On Sunday night, the Irish and European authorities triumphantly announced Ireland"s rescue. The headline of a Bloomberg article stated: "Ireland wins a 113 billion dollars rescue package". It is enough to look at the details of the...

On Friday, the Euro continued to gain against the leu, rising to 4.1337 lei/Euro, reaching a five-month high, as investors are becoming increasingly risk averse, amid market rumors that Portugal and Spain might need financing. The official...

Romania"s foreign debt currently amounts to 90 billion Euros. The Romanian state owes 18.5 billion Euros, the NBR - 9 billion Euros, and private debt accounts for 17 billion, according to data presented on Friday by Adrian Vasilescu, advisor...

In mid-December, the shareholders of "Ropharma" Braşov will be discussing the approval of the financial lease and sale/leaseback contracts that Teo Health of Braşov concluded with ING Lease. Ropharma holds a 33% stake in Teo Health of...

Out of the 360 types of wine on display at the International Wine Fair GoodWine Bucharest Romania, 100 will be presented on the Romanian market for the first time.

The governor of the Central Bank, Mugur Isărescu, yesterday had a stern reply to the statement made by the head of the IMF, Dominique Strauss-Kahn, who said that Romania could default, along with countries such as Latvia or Hungary.

"Western Union" and "Banca Transilvania" (BT) yesterday premiered the service which allows transferring money via ATMs.

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...

Romanian banks are to blame for 22 billion Euros of Romania"s total foreign debt of 90 billion Euros, the governor of the NBR said yesterday, at the 13th edition of the Banking Forum.

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

Jeffrey Franks, the head of the IMF mission to Romania, criticized the recent vote of the Romanian Senate to lower the taxation rate from 16% to 10%.

"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.