English Section

The Proprietatea Fund has requested the opening of the insolvency proceedings against World Trade Center Bucureşti (WTCB), in which it holds a stake of 19.9%, in order to collect on a receivable.

SIF "Oltenia" yesterday liquidated its stake of about 6.4% held "Oltchim" Râmnicu Vâlcea (OLT), in exchange for approximately 2.4 million Euros. In total, 8.8% of the share capital of the chemical plant exchanged owners yesterday...

Yesterday, the dollar gained against the Euro on the international markets, after the chairman of the US Central Bank (Federal Reserve - Fed), Ben S. Bernanke, said that "inflation needs to be watched very closely", spurring speculation...

Dumitru Bănuţ, the president and chief executive officer of airplane maker "Aeroteh" Bucureşti (AER), will receive 739,760 lei out of the profit it made last year, according to the shareholder decision it made last year.

The Petrotel-Lukoil refinery of Ploieşti, controlled by Russian oil group Lukoil, will increase its share capital by 54.9 million lei, to 301.5 million lei, through a contribution in cash of the majority shareholder.

Investors on the Bucharest Stock Exchange will be able to trade turbo long and short certificates with the shares of the Proprietatea Fund as their underlying asset, according to a press release by the BSE.

The government has approved the budget of Nuclearelectrica for the year 2011, which expects total revenues of 1.77 billion lei and a gross profit of 16.2 million lei.

The Romanian National Securities Commission (CNVM) has approved the acquisition by "Veneto Banca Holding" SCPA, together with Banca Intermobiliare di Investimento e Gestatione SPA of a qualified concerted stake of 15% of the share capital...

A major food shortage crisis represents one of the greatest threats for humanity. The explosive demographic growth, the growing pollution, the exhaustion of the planet"s resources are the elements that are causing experts to claim that over...

State Grid Corporation of China (SGCC), included by Forbes among the ten largest companies in the world in 2010, is interested in becoming a shareholder in energy carrier Transelectrica (TEL).

Oil Terminal Constanţa announces that it has contracted a loan of eight million lei from Raiffeisen Bank for the construction of a cistern for oil products which will have a volume of 10,000 cubic meters.

Even though it hasn"t published the proposal concerning the distribution of its net profit, IAR Ghimbav may end up being forced to distribute 90% of its earnings for the year 2010, according to the documents in effect.

Romania may qualify to receive almost 1 billion Euros from the EIB (BEI). "There are currently discussions concerning the financing of ten projects, which are worth between 800 million Euros and one billion Euros", the vice-president of...

Investors shouldn"t overlook pharmaceutical stocks when building their portfolios, as the former have good prospects in the medium and long term, brokers say.

The feisty president of the Sibiu Exchange, Teodor Ancuţa took everyone by surprise yesterday, with the following statement made at a seminar about the "Rasdaq" market, organized by the Bucharest Stock Exchange:

The recent announcements concerning the ratings cut for some of the European countries will have significant indirect effects on the region, as they could affect its financial stability, according to an analysis by the International Monetary...

The Romanian politicians had a predictable reaction to the flurry of Wikileaks cables.

The American Embassy doesn"t seem to take much interest in the Romanian stock market. The only report on the subject (and a pretty boring one at that), out of the thousands of pages revealed by "Wikileaks", only mentions a single...

"Stem Sure", a representative office of "StemCare", the largest bank of stem cells in the Scandinavian region, is a Romanian-Danish joint-venture. In the fourth quarter of 2010, "Stem Sure" performed approximately 350 stem...

Copper will lead a rally in base metals this year as increased consumption in China reduces inventories and higher prices encourage stockpiling, according to British research company Brook Hunt.

Thunder and lightning struck the capital market watchdog, the Romanian National Securities Commission, after it decided on March 17th (perhaps during a moment of heavenly bliss) that only agents registered in the Registry of the Romanian National...

The managers and employees of "Broker" Cluj could receive a bonus of about 8% of the company"s net profit for 2011, if the company makes more than 60% of the profit stipulated in the Revenue and Expense Budget for the year, according...

When a stock exchange gets listed, it becomes a company whose stock is admitted for trading on a regulated market.

Romania doesn"t have any chance of exiting the crisis this year, and most likely it won"t do so next year either, when it will be an electoral year, Adrian Vasilescu, advisor to the NBR governor said yesterday.

Daniel Ţepeş has been selling BSE stock throughout the entire last week.

The domestic media has caught the WikiLeaks fever. Newspapers, websites, blogs and TV networks present and comment documents so "explosive" that some of them don"t even fizzle.

(interview with Adrian Olteanu, CEO of "Flanco")

The European currency fell below the 4.1 lei threshold on Friday.

The management of OMV Petrom will propose to shareholders a budget for 2011 which includes an estimated net profit of 2.31 billion lei and a turnover of 12.69 billion lei (according to the Romanian Accounting Standards).

As consumers become more sophisticated, the wine market is seeing an increasing number of wine waiting graduates, who are ready to work in this profession.

I don"t know if there are any idealists left to believe that the attack on Libya pursues the ideals of democracy and the removal of a bloody dictator.

I don"t know if there are any idealists left to believe that the attack on Libya pursues the ideals of democracy and the removal of a bloody dictator.

Last year, Austrian home improvement and do-it-yourself goods retailer "bauMax" had a turnover of 145 million Euros, up 23% over 2009, according to Nicola Szekely, the company"s managing director for Romania and Bulgaria.

The prosecutors of the National Anticorruption Department - The Department of the Alba Service have filed a new lawsuit pertaining to the National Investment Fund (FNI).

The Bucharest Stock Exchange and the Bucharest Clearing House (CCB) recently announced that 90% of the interest earned by the CCB on the cash collateral will be redistributed to its members.

The Proprietatea Fund (FP), the largest investor on the Romanian stock market, bought "Erste" shares (symbol: EBS) from a foreign stock market, despite the fact that the stock is also listed on the Bucharest Stock Exchange, a communiqué...

The Central Depository has interconnected with the similar institution of South Africa, Strate Limited, which will allow Romanian investors to settle their trades involving the financial instruments that it manages.

Oil prices rose slightly yesterday, after the US, Great Britain and France launched airstrikes against Libya, in an attempt to stop the advance of the troops of Muammar Gaddafi towards Benghazi, a city controlled by rebels.

There is no dictatorship in history that doesn"t have this element: its final mistake.

Reporter: What was the year 2010 like for Libra Bank?

Serious accusations are being brought against Florian Buzatu, former director of SIF5 Oltenia, whose term expired on Thursday.