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Reporter: Some analysts are saying that, in order to exit the crisis, we need to stimulate consumption, by increasing revenues.

Anca Bunea, general manager of WBS Romania and one of the trusted people of Cristian Sima, was appointed to lead the Romanian Clearing House CRC, according to a press release received yesterday by our editors.

The growth pace for small payments has slowed down from 4-5% a year to 1-2% a year, due to the financial crisis, Răzvan Faer, the head of the Strategy and Marketing department of Transfond said yesterday.

The first issue of 5-year Romanian Eurobonds, part of the MTN (Medium Term Notes) program will have a coupon of 5.4%, 0.2 points over the price paid for the issue of 2010, when investor orders exceeded 2 billion Euros.

Romgaz will begin exploration of some deposits in Slovakia and Poland, and by the end of this year, it will submit the documentation needed to access the Iraq market, Francisc Toth, the deputy managing director of the company said yesterday in...

The shares of several companies in the oil and petrochemical sector have risen sharply in the last week on the Bucharest Stock Exchange, arousing the interest of speculators and leaving analysts wondering, as they can"t come up with any...

It is always exciting to read about the fact that the heads of two powerful Security Services are getting together, and the announcement of the meeting of the Head of MI6 with the Head of SRI (Romanian Intelligence Office), as part of President...

For more than a week now, Valentin Ionescu, the general manager of the Bucharest Stock Exchange and president of the Central Depository has been in a situation of incompatibility between the positions he is holding, according to a decision of the...

The Association of Capital Market Investors (AIPC) expressed its disappointment over the recent statements of the Minister of Communication, who likes the proposal of OTE to merge Romtelecom and Cosmote Romania, and who wants to list the stake...

The shares of "Oltchim" are 3.4 times more expensive than they were a month ago, but to PCC SE they seem priceless.

The strengthening of the monetary policy in the 2005-2006 period, led to the unsustainable strengthening of the leu and caused a boom in loans denominated in foreign currencies, Mugur Isărescu, the governor of the Romanian National Bank said...

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,...