English Section

H&M, the world"s largest clothing retailer, announces that it plans to enter the Romanian market in full force this year, by opening its first Romanian stores in the retail centers AFI Palace Cotroceni, Băneasa Shopping City, Plaza...

Lukoil is negotiating with the National Agency for Mineral Resources (ANRM) the terms of the contract for the beginning of the exploration in the perimeters concessioned in the Black Sea.

Aurel Beşliu and Turnover ABC, two minority shareholders of "Cocor" Bucureşti (COCR), a company which owns the eponymous retail complex in the center of Bucharest, are requesting the revocation of the Board of Directors and the...

Cutting tax evasion could generate and additional 460 million Euros a year towards investments, the officials of the Council of Foreign Investors (CIS) say.

Drivers protesting at gas stations will not help bring lower prices at the pump, Constantin Tampiza, the coordinator of the development strategy for Romania of the Russian oil group Lukoil, said in an interview for "BURSA".

The possibility of the shares of the Proprietatea Fund falling below the par value when they start trading on the Bucharest Stock Exchange on January 25th, doesn"t seem to worry the officials of the state at all, even though some of the...

The company Kantar Media Audiences will provide the measuring of TV ratings between 2012 and 2015. The decision was made in the final session of the Joint Commission (COMPAR) for appointing the National Service for the Measuring of TV ratings,...

Some of the funds managed by "Fraklin Templeton" (FT) would be interested in investing in the shares of the Proprietatea Fund, but are looking for a way of doing so without violating the legal provisions, given the fact that "Franklin...

The shares of the Bucharest Stock Exchange gained 23.6% since December 2010, reaching 45 lei/share, at the end of Friday"s session, making it one of the largest gainers in the market.

The Ministry of Transports requested a third restructuring version of CFR Călători, the passenger division of the Romanian Railways, a project which will include the shutdown of four regional divisions, said Iulian Măntescu, the chairman of the...

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.

"JPMorgan Chase & Co.", the second largest bank in the USA in terms of assets, has seen its profit increase 47% in the last quarter of 2010, due to a cut in reserves.

Between January 2008 and December 2010, the Central Depository recorded a number of 4,924 trades involving shares of the Proprietatea Fund.

On Saturday, the Board of Directors of Financial Investment Company "Oltenia" (SIF5) elected Vasile Şalapa as chairman and CEO, replacing Dinel Staicu, market sources confirmed for BURSA.

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.