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The shareholders of Cord Buzău will meet on July 11th to discuss the proposal of the members of the board to increase the company"s share capital by 32.71 million lei.

Ecopack Ghimbav is the only company of Braşov which received European funding last year for the financing of an investment project through the Sectoral Investment Program - Increase in Economic Competitiveness, as part of the operation intended...

According to an Ordinance issued on Friday, the Romanian National Securities Commission (CNVM) is forcing the Board of Directors of the Sibiu Exchange to appoint a temporary administrator, until the next General Meeting of Shareholders, to...

The ultimatum of the Romanian National Securities Commission, which demanded that the Sibex quickly hold a new General Shareholder Meeting in order to elect a new member of the board to replace Bogdan Ivan, who resigned, has brought about a...

On Friday, SIF Moldova began the battle against the Austrians of BCR, filing a lawsuit requesting the cancellation of several decisions made in the General Shareholder Meeting held at the end of April.

The Ministry of the Economy is looking to earn more than 600 million Euros from the sale of its minority stake of 9.86% in Petrom, minister Ion Ariton said in a press conference in Sibiu, held on Friday.

Braşov-based IUS SA has reduced its losses over 11 times YOY in Q1 2011. The losses of the maker of hand tools fell from 3.983 million lei to 347,030 lei in the similar period of last year.

The Constitutional Court yesterday postponed the hearing of the constitutionality of the maximum holding limit of 1% of the shares of the SIFs until June 16th, Mihai Fercală, the chairman of SIF Transilvania said. "It is nevertheless a short...

The state will get to keep the donation of 400 million lei made by "Romgaz". This ruling is definitive and irrevocable, the court ruled in the lawsuit in which the Proprietatea Fund challenged the decision of the shareholders, of November...

The financial crisis will sound like a good joke compared to what will happen once the crisis of drinkable water begins. Experts claim that this issue will arise in 2025, as the resources of drinkable water available will be increasingly...

On July 4th, the company Avicola Braşov will submit to its shareholders for approval the plan of taking out a loan of 40 million lei in order to support the company"s production, according to a press release that the company sent to the...

SIF Transilvania announces that the payment of dividends distributed out of the company"s net profit for 2010 will be made gradually between September 1st and October 28th, 2011.

Strapped for cash, the Romanian state has decided to sell 9.84% of the 20.64% stake it holds in "OMV Petrom" through the Ministry of the Economy, Trade and Business Environment (MECMA), while retaining its significant shareholder status...

Three quarters of the domestic fuel sector is divided between "OMV Petrom" and the "Rompetrol" and "Lukoil", groups, OMV being a price maker on the domestic retail market (at the pump).

- The Project Support Agreements will be signed in Turkey by the Nabucco companies and by the governments in the countries that the pipeline will transit through.

The listing of stakes in Hidroelectrica and Romgaz, equal in size to those of Transelectrica and Transgaz, will generate between 5% and 10% of the capitalization of the Bucharest Stock Exchange (BSE), said Radu Boanţă, senior associate of law...

The licensing process gave nightmares to many of the domestic clubs, with two of them, Poli Timişoara and Gloria Bistriţa, being relegated due to their financial issues.

Steve Warner was recently appointed as managing director of MSD România - a company operating in the pharmaceutical industry, which issues, based on prescriptions, vaccines, biological therapies and fast moving care products, as well as...

Romania could be flooded by speculative capital, Mugur Isărescu, the governor of the NBR said last week.

The intention of Austrian company "OMV" to raise 900 million dollars from investors, doesn"t seem to interfere with the intentions of the Romanian state to sell 9.8% of "Petrom" (symbol: SNP), even though some of the analysts...

Following the recent articles on the status of the management of Sibex, I want to make the following mentions in order to make it clear how the events unfolded:

The port of Constanţa Sud - Agigea entered the second phase of the "general cleanup". Over 120 border policemen, customs officers and gendarmes checked the merchandise containers yesterday, to determine the existence of contraband and tax...

The National Authority for the Restitution of Properties (ANRP), the institution which manages the compensation process and issues conversion deeds at the Proprietatea Fund, is being targeted by the prosecutors of the National Anti-Corruption...

The Ministry of Justice and the World Bank are preparing a draft for the creation of an Insolvency Code. Romania will be the second country in the world, after the US, to have such a code, said Arin Stănescu, the president of the National Union...

The internal elections of the Democrat Liberal Party failed to bring peace to the party led by Emil Boc.

The price of "Fondul Proprietatea" (FP) shares yesterday fell to a new low of 0.48 lei, trading even lower than the last unofficial price of December 2010, at which they were exchanged at the Central Depository.

A savage dance intended to defeat the law and decency has begun yesterday morning, around the Sibiu Exchange - Sibex, when, after the publication of an article in BURSA, a report was put up on the website of Sibex concerning a rectification of...

The European Commission opened two in-depth investigations, based on the EU regulations concerning state aids, concerning a support scheme for investing in the regional airports of Romania and to establish if certain discounts and rebates that...

"Organe de Asamblare" Braşov ended the year 2010 with a turnover of 17.192 million lei, two times higher than in 2009, when it only amounted to 8.555 million lei.

Kronospan Romania, which holds factories of Oriented Strandboards in Braşov, Sebeş and Constanţa, has planned investments of 100 million lei (approximately 25 million Euros) in order to increase the output of the plant of Braşov, said Oana Bodea,...

The extension of the trading program on the derivatives market of Sibiu until 23:15, when the options and derivatives close in the United States, was going to be put up for a vote in the meeting of the Board of Directors of Sibex yesterday.

PDL senator Mircea Banias has been indicted by anti-corruption prosecutors on charges of influence peddling. The division for fighting corruption of the National Anti-Corruption Department (DNA) is investigating the PDL senator of Constanţa,...

Tomorrow, the Romanian Commercial Bank (BCR) will launch two investment certificates which track the evolution of silver, amid interest from its customers, as the price of the metal has significantly climbed over the past year.

The portfolio of the group New Europe Property Investments (NEPI) includes 33 retail, office and industrial properties in Romania and Germany, with a value of 313.7 million Euros, of which 27 are located in Romania, valued last year at more than...

The stock of VES Sighişoara had a surprising evolution over the past two weeks, with prices experiencing swings of plus/minus 15% for several days in a row, without any news about the company"s development plans that would have justified such...

Boy, was I ever proud of predicting the outcomes of the two general shareholder meetings of the two Exchanges! Except now, I"m feeling rather embarrassed that I can"t explain what"s happening at Sibex.

Romania is a country that has no cadastre for most of its farmland, and potential investors aren"t doing business in the Romanian agricultural sector because there are no deeds of ownership, former presidential advisor Theodor Stolojan said...

Yesterday, the European single currency gained slightly against the dollar on the international markets, after the managing director of the International Monetary Fund (IMF), Dominique Strauss-Kahn, decided to resign.

Boy, was I ever proud of predicting the outcomes of the two general shareholder meetings of the two Exchanges! Except now, I"m feeling rather embarrassed that I can"t explain what"s happening at Sibex.

The fate of Over- the-Counter trading (OTC) on the Romanian capital market may be settled at the next General Shareholder Meeting of the Central Depository, scheduled for the end of this month, said Valentin Ionescu, the General Manager of the...