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Christmas is rapidly getting closer, and we all try to put the bad behind us and we want to become better and more generous. December has always been the time of gifts, when stores fill up and every one of us buys something for our loved ones.

The year 2010 has been the low of the economic crisis and has represented a very difficult period, as the economic decline has extended over the last two years, and has affected the living standard, by downsizings in the public sector, and in the...

The price gold yesterday only saw mild fluctuations on the international markets, after the IMF announced on Tuesday night that it had completed the sale of over 403.3 tons of gold from its reserves, as part of its two-year program intended to...

Trading of shares of the "Proprietatea Fund" "on street corners" has been going on for the last two years, while the authorities paid it no mind; no one took the responsibility of overseeing this trading or protecting shareholders.

Equipment maker for the energy industry "Armax Gaz" Mediaş (symbol: ARAX) has teamed up with British company "ZETA Petroleum" to exploit the oil deposit of "Jimbolia", located 40 kilometers away from Timişoara, near the...

The letter of the French and German ministers of Internal Affairs by which the European Commission requests the postponement of Romania"s accession to the Schengen area, represents "discrimination" against Romania, president Traian...

Some of the most notorious Romanian brokers could be seen yesterday waiting patiently in the rooms of the Central Depository, trying to seize the last day when the institution was still accepting transfers of shares in the Proprietatea Fund.

We are beginning to see the light at the end of the tunnel, but that does not necessarily mean we don"t have more to go, said Lucian Anghel, chief-economist of the Romanian Commercial Bank, when presenting the macroeconomic report...

The management of the Bucharest Stock Exchange has announced, that next year it will invest several hundreds of thousands of Euros in the market"s "architecture", consisting mostly of improving the IT systems to allow easier access to...

The merger of the Bucharest Stock Exchange and of Sibex is a necessity, and the discussions on the merger will become increasingly serious by summer, Grigore Chiş, the general manager of "Broker" Cluj said yesterday, one of the most...

The Swiss Frank will continue to gain against the Euro in the near future, says Dragoş Cabat, the chairman of the Association of Romanian Financial Analysts.

Over the past six months, Bancpost granted credit facilities for the beneficiaries of European grants of more than 20 million Euros, in order to execute investment projects of approximately 50 million Euros, says Mihai Bogza, the chairman of the...

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.