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Reporter: How would you describe the domestic tobacco market?

Gilda Lazăr, corporate affairs director of JTI România, says that making a fine cigarette very much resembles the art of making a quality wine.

The company Electroputere Craiova, which specializes in the manufacturing of locomotives, last year cut its losses almost 2.5 times, from 39.5 million lei to 16.2 million lei. The financial results of the company were "helped" by the...

Sorin Ovidiu Vântu received another blow from the legal system: his request to challenge the judge, filed by his lawyers, was rejected. As a result, the case will still be tried by judge Camelia Bogdan.

The NYSE Euronext exchange was sued by several shareholders which are demanding the block of its planned $9.53 billion sale to Deutsche Boerse AG.

Two years after the expiration of the initial deadline for the listing of BCR on the Bucharest Stock Exchange, the management of the bank remains cagey about the moment when it would begin at least the preparations for the listing of the bank,...

In an interview granted to BURSA discussing tax evasion, former Finance minister Sebastian Vlădescu said that cigarette smuggling is small potatoes compared to gas smuggling.

The management of the Proprietatea Fund (symbol: FP) expects that the Fund will pay a dividend of 0.0156 lei/share in 2011, according to a report sent to the Bucharest Stock Exchange. The management added that the Proprietatea Fund said that the...

The National Integrity Agency (ANI) has begun investigating the possessions of 15 union leaders. The investigation of the ANI targets both union leaders that can"t justify their fortune, as well as those that neglected to file their interests...

Oil Terminal Constanţa nearly tripled its profits compared to 2009, according to the financial statement sent to the Bucharest Stock Exchange.

SIF Transilvania ended the year 2010 with a net profit of 66.9 million lei, cu 43% below the profit made in 2009, of 11.6 million lei, as the company"s revenues dropped 28% during the reviewed period, from 170.3 million lei to 121.5 million lei.

The punch that Cristian Chivu dealt to one of the players of Bari and the transcripts of the conversations between Adrian Mutu and Constanţa mobster Nuredin Beinur, did more harm to the image of Romania"s football team than all their lousy...

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).