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Under the pretense of avoiding potential abuse of the procedure to compensate former asset owners, the Government recently snuck by a Decision which actually leaves the door wide open for further abuse, by stipulating that the National Authority...

The fight for the top position of the Sibiu Exchange moves to the courtrooms, just two weeks after Cristian Sima successfully replaced Teodor Ancuţa at the top of Sibex and the shareholders of the company elected a new Board of Directors.

The former investors in the National Investment Fund (FNI) will no longer be allowed to freeze the accounts used for paying the wages of the employees of the Authority for the Recovery of State Assets (AVAS), after the Government issued an...

Former asset owners who were despoiled by the communist regime may have to wait two more months to receive their shares in the Proprietatea Fund, according to some government sources.

In Q1 2011, UniCredit Ţiriac Bank posted a net profit of 34 million lei, down 47%, over the same period of last year, according to the International Financial Reporting Standards (IFRS), the press release of the bank states.

The development of the domestic telephony market is being spurred by the recent moves made by "Cosmote" (the acquisition of "Telemobil" and the merger with "Romtelecom"), as well as by the consolidation of the cable...

The Euro fell yesterday on the foreign markets, against most of the major currencies, amid speculation that European leaders aren"t exactly happy to provide new financial aid to Greece, fueling worries over the restructuring of the...

The shares of "Oltchim" gained 15% yesterday, in the first hours since the opening of the trading session, to the surprise of many investors and brokers, as the conditions of the draft of the Letter of Intent of the IMF published...

The elections for the leadership of the PDL (Liberal Democrat Party), which will take place at the end of this week, can"t do anything to change the structure of the government of Victoriei Square.

The Romanian energy sector seems to be drawing increasing attention from the international financial institutions, such as the International Monetary Fund, which recently announced, the sale of minority stakes in "Hidroelectrica" and...

Reporter: You have announced that the Romanian authorities will begin the privatization of state owned companies this year, including "Nuclearelectrica" and "Hidroelectrica".

The request of Arad-based maker of counters Contor Group to enter insolvency was approved by the Court of Arad. The request to enter insolvency was filed on April 19th, as a result of the contraction in the company"s business.

Braşov-based IAR Ghimbav ended the first quarter of 2011 with a turnover of 35.5 million lei, more than double compared to Q1 2010 (16.5 million lei).

The oversights in the new mechanism to be used for issuing new conversion deeds for shares in the "Proprietatea Fund", starting with May 2nd, allows the depreciation of the compensation awarded to former asset owners.

The Bucharest Stock Exchange (BVB), the majority shareholder of the Central Depository, has proposed the payout of 6.3 million lei in dividends out of the profit for 2007 of the institution, according to sources who did not wish for their names...

The turnover of "Romvag" Caracal, which entered insolvency in November 2010, has fallen over five times, from 276.1 million lei to 49.8 million lei, whereas losses only increased 15 percent, from 30.7 million lei to 35.5 million lei.

Turnover of sugar producer "Agrana" Romania increased 3.2% last year, from 612 million lei in 2009 to 631.5 million lei.

The takeover of the Realitatea TV news station by businessman Elan Schwartzenberg shows that the political-economic interest groups are trying to consolidate their media strength before a new electoral year.

The National Authority for the Restitution of Properties (ANRP) has announced that it has begun working on issuing new conversion deeds for the "Proprietatea Fund", pertaining to the briefs with requests for options submitted between...

Dan Voiculescu, a.k.a. "Doctor Felix"- got mad at daily "Evenimentul zilei" for publishing the testimonials of Stelian Negrea about the clauses included in the service contracts of the journalist working for the Intact media group...

Reporter: What do you think are the main issues that obstruct the absorption of European funds?

In a meeting of the Romanian Supreme Defense Council, president Traian Băsescu announced that the request of the USA to use the Kogălniceanu airport and the Constanţa port as transit points to and from Iraq and Afghanistan has been approved.

Is a man"s death an event? For his life, it is! To those around him, his relatives, his friends, it is a fact that has a high emotional and social impact!

Reporter: This is a time for evaluations. Please draw the line and make a quick presentation: where did you begin and what have you achieved with the Sibiu Exchange?

The teams fighting for the title of the Romanian championship are overwhelmed by the financial crisis, more specifically by the millions of Euros coming from the UEFA for participating in the groups of the Champions League.

The president of Sibex has been replaced.

"Aga", as an abbreviation of the term "General Shareholder Assembly", is an ambiguous word, due to the well known fact that the Turks held major influence throughout history in the three medieval Romanian states, when it also...

The Association of Brokers notes that the interpretation of the legal norms made by the Boards of Directors of the two Exchanges - The Bucharest Stock Exchange and Sibex - essentially makes it impossible for their managers to be replaced, meaning...

The marriage of the century may concern us as well. The skeptics, always the same ones, ask rhetorically "what is a German doing in Moscow", take a long look and wonder why should Romanians be concerned with the union between the...

The general manager of the BSE, Valentin Ionescu, announced that the institution he is leading intends to buy stakes in smaller exchanges in the region, a plan for which it set aside five million Euros.

The rumors that "Franklin Templeton" was one of the shareholders that requested the decapitalization of the BSE yesterday took by surprise Mark Mobius himself, the head of "Franklin Templeton" (FT), who implied, in a press...

The Proprietatea Fund will distribute to shareholders a dividend of 0.03141 lei/share, double the initial proposal, according to the decision of shareholders reached in yesterday"s General Shareholder Meeting.

Confidence in the success of the BSE-Sibex merger is very low. Even some of the members of the Board of the BSE said in an unequivocal manner, three days before the General Shareholder Meeting when the merger was supposed to be discussed, that it...

Yesterday, the Euro reached a 13-month against the leu for the second time. The Romanian Central Bank (NBR) yesterday posted an exchange rate of 4.0735 lei/Euro, a level which hasn"t been reached since March 13th, 2010, when the Euro was...

The AGA of the BVB is in just over a week"s time. So it is too late to put forward any new resolutions.

• Ioan Botiş 

Electrocarbon Slatina, specializing in the production of industrial electrodes, announced in a press release sent to the Bucharest Stock Exchange that it expects to make a gross profit of only 4.9 million lei, more than three times less than last...

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.