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Swedish group IKEA had a net profit of 2.7 billion Euros, in the fiscal year 2009-2010, which ended on August 31st, 2010, up 6.1% compared to previous fiscal year.

The ordinance concerning the loans of the population (Emergency Government Ordinance 50/2010) continues to be a source of headaches for banks and their customers alike.

The general manager of the Bucharest Stock Exchange, claims that the requirements that brokers need to fulfill to be able to trade shares of the Proprietatea Fund through nominee accounts by January 25th are minimal.

None of the Romanian professional football clubs currently meets the requirements for being listed on the stock exchange, says businessman Vasile Turcu, the owner of the Romconstruct holding and majority shareholder of "FC Dinamo 1948" SA.

International sales of Automobile Dacia last year increased 15% compared to 2009, to over 311,000 units, with France being the main export market for the Romanian carmaker, accounting for more than one third of the total number of units delivered.

The Sibiu Exchange (Sibex), has changed the trading procedure for CO2 emission certificates, by approving the listing of 2 carbon contracts, in order to help Romanian companies that own or need this type of certificates, the company said in a...

The owner of Universitatea Craiova views the listing of the Proprietatea Fund on the Stock Exchange as the last chance to prevent the financial collapse of the club.

A new scandal had the domestic stock market worried yesterday, after Rareş Nilaş, the managing director of BT Securities, Gicu Agenor Gânscă, a well known businessman of Cluj and three other brokers were charged with of the manipulation of the...

The move of the issuers from the Rasdaq to the regulated market of the Bucharest Stock Exchange or to the Alternative Trading System (ATS), which is proposed by the CNVM (in a draft of the Romanian National Securities Commission, is affecting the...

Mining companies all over the world expect the current high gold prices to persist throughout 2011, according to the PwC Global Gold Price Survey.

Yesterday, the European single currency hovered around the 4 month-low, against the dollar, as investors worried over the success of the sovereign bonds auctions held this week.

The Minister of the Economy, Ion Ariton, together with the chairman of the National Mining And Energy Confederation (FNME) Marin Condescu, the head of the Craiova Energy Complex, Constantin Bălăşoiu, and the head of the Oltenia National Lignite...

After making investors 30% in 2010, gold will continue to remain the object of interest in 2011, considers Răzvan Furtună, the head of the Retail Sales Department of the Financial Markets Department of the Romanian Commercial Bank (BCR).

The new CEO of Ford Romania, and manager of the Ford plant in Craiova, Jan Gijsen, met, at the end of last week, with the deputy mayors of Craiova, Mărinică Dincă and Teodor Sas, and with the chairman of the Dolj County Council, Ion Prioteasa.

Businesspeople support the Government"s anticrisis measures, who consider however, that their form, their methods and their schedule had room for improvement, said Mr. Cristian Pârvan, the secretary general of the Association of Romanian...

The hurry in which the most important institutions of the capital market are getting ready for the listing of the Proprietatea Fund is creating confusion among brokers and investors, as some of them still don"t know the conditions for trading...

Romania will receive a line of credit of several billion Euros from the EU and IMF which it will use if the economy begins to slide again. This is the main provision of the new precautionary agreement that the Romanian officials are bound to sign...

The political instability, the lack of vision and the inefficient management of public funds will keep us mired in the crisis this year as well, considers Marinel Burduja, first vice-president and the head of the corporate division of Raiffeisen...

Ioan Cuzman, the chairman of SIF "Banat-Crişana" (SIF1), is less enthusiastic than the other market players about investing in the shares of the Proprietatea Fund, one of the "great hopes" of the domestic stock market, which is...

Reporter: Mr. Chairman, what is your take on the evolution of the economy in 2010? What are the positive and the negative aspects that you feel are worth mentioning?

Compania de Informatică Aplicată (CIA) (Applied Informatics Company), a company controlled by the Romanian state through its ministry of Education and Research, will resume its creation of software solutions after increasing its share capital...

Dana Mirela Ionescu, the chairman-managing director of "Raiffeisen Capital& Invest­ment", a member of the consortium that will intermediate the listing of the Proprietatea Fund, speaks in an interview given to the "BURSA"...

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.