The winners of the elections for the Board of Directors of Sibex (ed. note: which took place last week) were two of the financial investment companies, SIF3 and SIF4, which have won one seat on the board of directors each, as well as brokerage...

Romania succeeded in reversing its image of a "mediocre student", thanks to the fact that the government in Bucharest weathered the motion of no-confidence and the protests against the proposed spending cuts and layoffs demanded by the...

The Competition Council (CC) yesterday fined the state owned monopoly "Poşta Română" (ed. note: Romanian Post Office) with 24.1 million Euros (7.2% of its turnover for 2009) for abuse of its dominant position, at the end of an...

"Voiaj CFR" SA, the branch of CFR Călători that deals with the sale of train travel permits, wants to increase its revenue in an original manner, by gambling and betting activities.

"Aerostar" expects its turnover to reach 150,000,000 lei in 2011, total revenues of 158,800,000 lei and to keep total expenses below 147.520.389 lei, which would result in al gross profit of 11,279.611 lei. Also, shareholders have...

"DBS Group Holdings" Ltd. (DBS),the largest bank in South East Asia, said that it will acquire Royal Bank of Scotland Group"s banking operations in China.

Even though he tried to arrange the elections for the management of the Sibiu Exchange down to the smallest detail, Cristian Sima, the head of "WBS România", saw his plans overturned by the last minute agreements made by the largest...

Bulgarian prime-minister Boiko Borisov wants to dismiss all the diplomats that cooperated with the former Secret Service.

"good.bee Tranzacţii Mobile" (ed. note: "Mobile Transactions", a service offered by the Romanian Commercial Bank (BCR) which allows customers to do banking operations using their mobile phone, has doubled its number of users to...

The earnings from the sale of TV royalties have allowed several clubs in the First League to avoid bankruptcy this championship season. Ranked 11th in Europe in terms of earnings from TV broadcasting rights, 28.3 million Euros per season, the...

Banks which are active on the domestic market may need to adjust their current evaluation methods, after the Romanian Central Bank found that evaluation methods differ from one lender to the next, depending on the country that their parent bank...

The price of copper rose yesterday in the London market, reaching a new record, as the market awaited data about the state of the US economy.

Land owners that don"t maintain their land run the risk of being fined, starting next year, with 50 Euros/hectare, officials sources said for "BURSA".

The management of Hidroelectrica has taken the necessary steps to cancel the contract for the privatization of several micro hydroelectric plants, which it signed in 2008 with Eviva.

Raiffeisen Zentralbank Österreich (RZB) has lowered its 12 month target price for the shares of BRD-Groupe Societe Generale (BRD) from 17 lei to 15.4 lei and has maintained the "buy" recommendation for the shares, according to a report by...

Hundreds of contracts financed via the SAPARD and the PNDR (National Rural Development Program) were cancelled by the Ministry of Agriculture and its subordinated institutions, one of the reasons being that the beneficiaries were deemed unbankable.

"Hidroelectrica" is not the only electricity producer owned by the state that has contracts to supply energy which lack transparency.

Five shareholders of "Arcelormittal" Roman claim that the majority shareholder of the company, the ArcelorMittal group, is trying to force the General Extraordinary Shareholder Meeting to accept an increase of the company"s share...

"Titan" (symbol: MPN) has reached an agreement with "Alpha Bank" to extend the multi-option credit facility with a maximum value of 10 million Euros until November 2011.

The "Basilescu" wine cellar will launch two new wines in 2011, said Florin Preda, marketing director with the company.

In a communiqué issued yesterday, the "Realitatea-Caţavencu" media group announces that its print magazine "Money Express" entered a partnership with the prestigious London weekly "The Economist", which it calls "the...

If you don"t want us, we don"t want you either, the majority of Turkish citizens say when it comes to the accession in the EU, in the face of growing opposition to their accession, especially from France and Germany.

Several domestic banks have entered the race to attract deposits from the population, by raising interest rates on deposits in the month of November.

The notion of "market abuse", which defines some of the gravest offenses of the capital market, does not apply to trades concluded on the Rasdaq tier, Cristian Duţescu of law firm "Duţescu şi Asociaţii" said yesterday, at a...

On Tuesday, the Commercial Court of Cluj has rejected the request of SIF "Banat-Crişana" to annul the decision of the General Shareholder Meeting of Banca Transilvania which took place at the end of April.

Russian company Polyus Gold has struck a deal with a Kazakh family to sell several of its gold production assets, including those it owns in Romania, which belong to its subsidiary KazakhGold, in exchange for 509 million dollars.

In the beginning of this week, gold broke a new historic high, according to the quotation of the Romanian National Bank, of 147 lei for one gram, about 45% higher than the price it had in the beginning of the year.

Financial Investment Company "Muntenia", which holds about 25% of the shares of "Romaero" Bucharest (symbol:RORX), hopes it will have a successful cooperation with the new manager of the Proprietatea Fund on the Board of the...

The InterAgro group, one of the largest players in the domestic agricultural and chemical sectors, intends to invest in energy production from now on.

CFR SA has launched on the SEAP portal the call for tenders for appointing the developer which will perform the construction and installation works for the Border - Curtici - Arad - km no. 614 railroad segment, with a length of approximately 41 km

After peeking at the derivatives exchange of Sibiu, which has a derivatives turnover that the BSE can only dream of, the management of the BSE has decided that it is about time to get its own derivatives market on its feet, as it is basically...

Over the last few days, the Government has been debating the issue of cutting the duration of the maternity leave and lowering the allowances for mothers of newborn children.

The management of "InterAgro" announced on Friday that on December 2nd, it has sent a notice to "Transgaz" in which it requests the approval to forego the status of interruptible gas consumer, starting with January 1st 2011.

The price of crude oil will rise to USD 120 /bbl before the end of 2012, due to increased demand on emerging markets, according to estimates by "J P Morgan Chase & Co".

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...