English Section

Yesterday, at the Parliament"s Palace, president Traian Băsescu met with the Parliamentary groups of the PDL,to discuss "politics", just one day after a stealth meeting with the leaders of the PDL organizations, in which he may have...

Two days ago, Traian Băsescu made some very interesting statements in an interview which appeared in the daily "România Liberă": "Union leaders were the most vocal when they spoke about deviation of trust, accompanied by the media...

"Teraplast" expects the price of raw materials to follow an upward trend this year. According to the company, "this process is the result of the rising prices of commodities derived from oil, ethylene and propylene on the domestic...

The splitting of Sudan - into Northern and Southern Sudan - which was recently decided in a referendum, could cause Romania to lose 170 million dollars.

The recently announced merger negotiations between NYSE Euronext and Deutsche Boerse come after a series of pan-European and cross-ocean alliances (which took place over the last decade), and which are now raising the question "what comes...

Businessman Dorin Cocoş, spouse of the head of the Ministry of Development Elena Udrea, has entered the market for medical help services.

Teodor Ancuţa, the president of the Sibiu Exchange, is keeping the market in suspense concerning the identity of the identity of the man that will succeed him starting with the month of May as managing director of Sibex, but refusing to disclose...

The government will look for a strategic investor in Tarom by the end of the year and will privatize the air carrier when market conditions will allow it, a letter of intent agreed by the Government and the IMF states, quoted by Mediafax. Tarom...

According to a document obtained by Wikileaks, published by El Pais in its online edition, American company Boeing was worried since 2008, that EADS was trying to bribe officials of the government in Bucharest in order to convince them to buy...

The Romanian National Coal CompanyC (CNH) may be rid of its historical debts, and that may even happen with the agreement of the International Monetary Fund and of the European Commission. Constantin Jujan, the managing director of CNH, said:

Rolling stock maker "Remarul 16 Februarie" (symbol: REFE) won a call for tenders of 295 million lei (around 70 million Euros), held by "CFR Călători", at the end of 2010.

Domestic wine maker "Senator Wine" is now focusing on expanding its activity to the premium segment, said George Neacşu, the manager of the company. He said that the company is currently producing "wines for the average consumer and...

Businessman Dorin Cocoş, the head of the Minister of Development Elena Udrea, has entered the market for medical help services.

Teodor Ancuţa, the president of the Sibiu Exchange, is keeping the market in suspense concerning the identity of the identity of the man that will succeed him starting with the month of May as managing director of Sibex, but refusing to disclose...

The managing director of "E.ON Romania", Frank Hakdinjak, does not believe that the opposition of the Proprietatea Fund (FP) to the plan of the Romanian government to create two giant energy companies will endanger the process.

The Commission for the Admission to Trading of the BSE has given the go-ahead for the transfer of Concefa Sibiu from the Rasdaq market to the main tier of the BSE.

Since 2005, the relations between Romania and France have been slowly but surely deteriorating. The absence of a constructive dialog between presidents Băsescu and Sarkozy, as shown by the notorious images from the NATO summit of November 2010,...

The head of the National Customs Authority (ANV), Radu Traian Mărginean, was indicted yesterday by the prosecutors of the National Anticorruption Department of Oradea, for taking bribe in the case of influence peddling of the customs of Halmeu.

Aurel Mătiuţ ensured the "protection" of the cigarette contraband hidden in the vehicles of the companies his father owns: Euro Expediţii SRL Arad, MLR Spedition Company SRL and Relmar Company SRL (the last two headquartered in...

The agreement with the IMF has harmed the business sector in Romania, since it destroyed SMEs, led to the hike of the VAT and created a major imbalance in the public sector, Florin Pogonaru, the chairman of the "Association of Romanian...

The following raids of the investigators will take place in the customs of the counties of Satu Mare and Maramureş, Valer Marian, PSD senator of Satu Mare and vice-president of the Commission for combating corruption said to BURSA. Valer Marian...

South Korean financial authorities (FSC) are investigating two Deutsche Bank divisions, to find out whether they are responsible for causing a stock market plunge last November.

The mines of SC "Moldomin" SA Moldova Nouă are currently in the process of being auctioned off, together with their operating license. The mines and the copper reserves are worth approximately 1 billion Euros, said Răzvan Zăvăleanu,...

Investors on the Romanian stock market are mostly interested in monopolies, such as "Transelectrica", banks and a few industrial companies, which are monopolies as well, considers Tiberiu Urdăreanu, the chairman of UTI, who stressed that...

The shareholders of "Complex Hotelier" Decebal Bacău are being summoned for Wednesday, to approve a new evaluation report of the company drawn up by a certified expert, which proposes price of 21.5 lei/share for the minority shareholders...

The Petrotel-Lukoil refinery of Ploieşti, owned by Russian oil group Lukoil, last year had a turnover of 1.92 billion dollars, up 43% from 1.34 billion dollars in 2009.

The Romanian government may be required by law to renegotiate its minority stakes it holds in various companies in the companies operating in the mineral resources sector to reach a minimum holding of 50%.

Yesterday"s show was first of all, something that"s never happened before: busting the entire staff of a border crossing point and moving it to Bucharest, cleaning woman included (she was allegedly in on it).

Lucian Isar, economic analyst and former executive vice-president of Bancpost considers that the solution to help Romania resume growth is to focus on the real macroeconomy.

• The neighboring country wants to attract foreign investors with 0% income and profit taxes, fiscal audits every five years and guaranteed profits 

In yesterday"s general shareholder meeting, the shareholders of the Central Depository have decided to relocate the offices of the company, two months from now, in the same building where the other companies of the BSE group operate now,...

The listing of the Proprietatea Fund has attracted the interest of many major funds, which are watching the stock market a lot more carefully than they used to, the managing director of the BSE, Valentin Ionescu, said for Financial Times, adding...

The Central Depository (DC), the company which performs the clearing and settlement for the trades of the BSE, will participate in the ReGIS electronic payment system of the National Bank of Romania (NBR), which deals with urgent and large...

In 2010, Banca Transilvania (TLV) posted a net profit of 97.85 million lei, up 58% over 2009, thanks to interest revenues and cost control, according to the preliminary financial report released by the company.

• The company is interested in the oil and gas of the Caspian Sea and is looking to set up partnerships with local operators in the business  

(Interview with Valentin Ionescu, the managing director of the BSE)

Until now, Egypt"s unsolved mysteries were just the real period when the Sphinx was built and whether his face was that of Khufu, Khafre or some other character, remodeled once to praise one of the kings who erected the great pyramids of Giza.

The "Proprietatea" Fund (symbol: FP) has announced that it will auction off the stake of 2.755% that it holds in the company "Familial Restaurant", according to information on the website of the Fund. According to an evaluation...

• Viorel Ştefan (PSD): "It"s obvious that we"ll be stuck holding a < hot potato > if we win the government" • Eugen Nicolăescu (PNL): "If the current government doesn"t do a good job managing the companies in the...  

(Interview with Mr. Marius Murgu, the president of the Association of Former Asset Owners)

• What benefits could the listing of he Fund have 

The prices of several commodities began to rise at the end of last week, following the protests of Egypt against president Hosni Mubarak, who has been leading the country for 30 years.