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Bankers think that the project which is currently being reviewed internally by the NBR, by which lenders may receive stock in the companies that have overdue loans, is not to the benefit of the institutions they are managing.

"OMV Petrom", the largest domestic company, last year made a net profit of 2.19 billion lei, up 163% over 2009, as the management of the company announced it would propose to shareholders the payment of dividends from last year"s...

The profitability of Romanian companies has not yet recovered, but there are great odds of growth in the future, considers Adrian Tănase, the manager of the stock mutual fund "ING Romanian Equity".

The Ministry of the Economy, the majority shareholder of "Oltchim" Râmnicu Vâlcea (OLT), yesterday announced that the government has begun the procedures for the privatization of Oltchim, and the consulting services for the sale of the...

• Interview with PSD senator PSD Valer Marian the vice-president of the Commission for investigating abuse, fighting corruption and for petitions  

The level of the total excise in effect this year is 76.6 Euros/1,000 cigarettes, according to the officials of the Ministry of Public Finance (MFP), which states that the total level of the cigarette excise for the 2011-2018 period was set by...

The measures to fight cigarette contraband are a priority for the National Customs Authority (ANV), which drew up the National Strategy for Fighting Illegal Cigarette Traffic, its representatives said. As such, the ANV has planned to improve,...

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.

Tobacco entered Europe after Christopher Columbus"s discovery of America, in 1492. Tobacco was imported in 1518, in the Iberian Peninsula, by a Spanish missionary.

Cigarette maker "Galaxy Tobacco" (formerly called "Societatea Naţională Tutunul Românesc SA") has a hearing in court today, after the prosecutors of the National Anticorruption Department (DNA) sued the company in...

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...