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This year, the management of the Bucharest Stock Exchange wants to set aside five million Euros for acquiring stakes in stock exchanges in the neighboring countries, Valentin Ionescu, the General Manager of the BSE said in a meting with journalists.

Alumil Rom Industry Bucureşti, a maker of aluminum systems, expects to make a profit of 3.48 million lei this year, almost 2.5 times bigger than the net profit it made last year (1.41 million lei).

The company Olympus Dairy Industry of Baraolt, part of the Greek group Tyras, wants to be acknowledged as a strategic investor in Braşov-based Prodlacta, according to a report of the company sent to the Bucharest Stock Exchange.

The evolution of the Romanian art market over the course of the last 15 years is now included in a catalog.

Fuel excises can"t be cut in Romania, even though this was possible in other countries of the European Union, Finance Minister Gheorghe Ialomiţianu said yesterday.

The Ministry of the Economy has received a letter from the European Commission, which requests explanations on the Romania"s reason to prevent the exportation of natural gas, sources from the energy market claim.

Two politicians in Iraq started hitting each other during a televised show which among other topics was discussing former dictator Saddam Hussein.

The message above was posted on the internet website of BURSA, in responses to the article published yesterday, titled "WHAT IS GOING TO HAPPEN AT THE BOARD MEETING OF THE BSE / For a subscription to BURSA".

Even though it brought the highest return to investors, gaining over 90% since the beginning of the year, the stock of "Oltchim" Râmnicu Vâlcea (OLT) is still far from its 2007 highs, when its was trading as high as 1.46 lei/share. For...

Should the money stay in the company or should it be paid off in the form of dividends?

The economic crisis had a negative impact on pension funds, as it caused an increase in the number of customers who were unable to honor their obligations, and has delayed the "schedule" for raising the minimum required contribution, said...

Few governments can cut wages by 25% and still remain in office, said Peter Sanfey, the chief-economist of the European Bank for Reconstruction and Development, Thursday, during a meeting in London.

The authorities need to liberalize the market for gas and electricity and to announce a schedule for doing so, exactly this year.

Two is more complicated than one - an aspect which has been repeatedly emphasized by the supporters of the merger.

"Oasis Development", one of the largest retail developers in Romania, yesterday launched the first project which was completed this year - the commercial gallery "Family Center" of Râmnicu Vâlcea.

Some of the shareholders which last week failed to replace the management of the Sibiu Exchange want to try again at the General Shareholder Meeting of Sibex, scheduled at the end of this month.

A new episode in the fight for power at the helm of SIF "Oltenia" yesterday recorded a new episode, as the management of the company suffered major changes, for the second time since the beginning of the year.

Sewer cleaning and maintenance services are one of the most profitable niche businesses, says Camil Aliman, the manager of "Ridge Tool" for the Romania and Hungary: "Cleaning and maintaining sewers is a business segment with a high...

Two is more complicated than one - an aspect which has been repeatedly emphasized by the supporters of the merger.

Chemical plant "Nitroporos" Făgăraş - formerly "Nitramonia" - has halted production at the end of last week, according to company sources.

The Nuclear Physics Institute has announced the discovery of traces of radioactive iodine in rainwater and milk sheep.

The international markets for metals followed a downward trend yesterday, as they were negatively affected by the situation of Japan.

At the end of last week, the trainers of the national gymnastics team, Octavian Bellu, Mariana Bitang and Ioan Suciu, gave us a lesion in utter professionalism.

The former manager and his potential replacement at the helm of Sibex are sending mixed signals on the merger with the Bucharest Stock Exchange, on which the two shareholders are called to decide in about three weeks.

Raiffeisen Bank International reports a net profit of 1.1 billion Euros, in 2010, up 141.5% compared to the previous year, according to a press release by the bank.

"Rovigo" SPRL, the liquidator of FECNE, recently succeeded in selling the entirety of the assets of the plant located on the IMGB platform to "Romenergo", after several tenders.

In April, the National Tax Administration Agency (ANAF) will refund VAT worth 1.12 billion lei, of which it will effectively refund 788.8 million lei and settle the rest, according to the institution.

On Friday, the price of Gold climbed to a record high, due to the significant depreciation of the dollar.

In the Dealu Mare vineyard, following an investment of 6 million Euros, a group of Austrian investors together with a German investors have begun a business.

The real estate industry exists, there are rentals but no trades are happening, says Liviu Tudor, founder and president of the Professional Association of Romanian Building Owners (RABO), which was launched yesterday in Brussels.

After living under the threat of foreclosure since the beginning of the year, the CNVM can now relax: the FNI investors who received a favorable ruling will not be allowed to garnish the accounts of the Commission.

Almost two hundred issuers from the Rasdaq market received a warning from the Romanian National Securities Commission (CNVM) for failing to comply with the reporting requirements.

The executive is betting on an economic growth of 1.5% this year, amid the continuation of the upward trend of exports, the gradual increase of domestic demand and the increased absorption rate of European funds.

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...