English Section

On June 1st, Heineken Romania and Haber SA Haţeg have concluded a merger project, by which the former will absorb the latter. Haber SA is a company traded on the Rasdaq.

Rumors that the Russians of "Vimetco" are considering postponing or even canceling the secondary offer for the sale of 21% of "Alro" Slatina (ALR) were circulating yesterday, without being confirmed or denied by the officials of...

Analysts don"t think that the National Bank of Romania will change the monetary policy rate, in today"s meeting of the Board of Directors.

Greek banks in Romania have an absolutely correct behavior, president Traian Băsescu said yesterday, after meeting Greek president Karolos Papoulias, at the Cotroceni Palace.

The management of SIF "Moldova" is set to meet today with several stock market specialists in order to discuss scenarios on possible ways of selling their 6% stake in Banca Comercială Română (BCR), Costel Ceocea, the chairman of the...

"Rocredit IFN" has increased its share capital by 86,570 lei, to 21,323,330 lei, by issuing a number of 8,657 shares with a face value of 10 lei/share, according to data published in the Official Gazette.

Marian Năstase, the vice-president of aluminum maker "Alro" Slatina (ALR) and country manager of "Vimetco" has been appointed as an executive member of the Board of Directors of "Vimetco", according to a communiqué...

Several minority shareholders of "Cocor Turism" Sinaia GALA) have been waiting for almost two years to make their exit from the company, just like SIF "Transilvania" did, who in 2009 received the right to exit in exchange of...

The Romanian National Central Bank (NBR) will keep inflation under control, despite the fact that the price of natural gas for industrial consumers has increased 10%, said Adrian Vasilescu, advisor to the Governor of the NBR: "It will be very...

Yes, they didn"t meet the quorum.

On Friday, the representatives of the National Authority for the Regulation of the Energy Market (ANRE) decided that the price of gas for household consumers will not be raised on July 1st.

"Cerealprod" Focşani, of the county of Vrancea, will take out long term loans from banking and non-banking financial institutions, for the year 2011 and for the first five months of the year, according to the Official Gazette.

In 2010, The National Salt Company ("Salrom") had a net profit of almost 6 million lei, according to the Official Gazette. Thus, it has increased over 13 times over the net profit recorded in 2009 (437,001 lei), according to data from the...

Astra Asigurări announced it has sold 16% of the shares of Generali Asigurări to Generali Holding Vienna, without disclosing the price.

Next year, the European Union will allocate about 112,000 tons of grains to Romania, out of a total of about 162,000 tons in the intervention stocks, representing the highest volume of grains granted to a member state in 2012, according to a...

The total value of deposits reached 283.8 billion lei in Q1 2011, down 13.1 billion lei, compared to the end of last year, according to data from the Fund for the Guarantee of Deposits in the Banking System.

It"s so hot, that the General Shareholder Meeting of the BSE scheduled for tomorrow may not even be held. There are three items on the agenda, of which the only ones to incite any interest are the payout of dividends by halving the share...

Suspicions of use of inside information, prior to it being available to all investors, are looming over a trade by which "Fondul Proprietatea" (FP) decided to reduce its stake in "Oil Terminal" (OIL), about two weeks ago, from...

The Greek crisis could pass the borders of Europe and extend to the entire world, European and American officials warn.

Starting yesterday, shares of E.ON (EOAN), Bayer (BAYN) and Deutsche Telekom (DTE) can be traded on the ATS of the Bucharest Stock Exchange.

PCC SE is not planning to launch a tender offer for the shares of "Oltchim" Râmnicu Vâlcea (OLT), at least for the time being. On the other hand, the company is interested in participating in the privatization of the plant, the...

President Traian Băsescu passed the law which institutes protective measures for the Romanian National Securities Commission (CNVM) and the Authority for State Assets Recovery (AVAS), against the victims of the National Investment Fund (FNI).

Banks" lending policies have taken a different turn since spring, when they have begun to visibly lower the interest rates for new loans denominated in lei and to raise them for loans denominated in Euros.

Almost two years after the opening of the investigation concerning a possible debt-to-equity conversion of the 140 million Euros of debt of Oltchim, the authorities in Brussels claim that they still need clarifications on this matter.

Starting June 21st, shares of Real Estate Investment Fund "New Europe Property Investments" (NEPI) can be traded on the Bucharest Stock Exchange.

On May 17th, the shareholders of the "Artmark" galleries have approved the borrowing of up to 1.1 million Euros from a local bank in order to partially repay the loan taken from Arch Industries Holding B.V., on August 22nd, 2008, for...

The shareholders of "Calipso" Oradea (CAOR) are set to decide, in the General Shareholder Meeting of July 18th, the admission of the company on the regulated market of Bucharest.

The leu/euro yesterday reached the lowest level in the last four months, with the NBR displaying an exchange rate of 4.291 lei/Euro, up 2.03 bani over the previous session.

The construction of small anti-atomic bunkers is a business that has been revitalized by the latest natural disasters and by the predictions of scientists.

The judges of the Constitutional Court had yet to decide yesterday on the issue of the unconstitutionality claim against the 1% limit applied to the stakes of its shareholders, which had been set through an emergency ordinance in the summer of...

The insulting of the Romanian national flag received quite a lot of praise at the Effie Romania awards, as agency McCann Erickson got the silver awards in the newly created category "media efficiency" for the "American Rom"...

British banking group "Royal Bank of Scotland" Plc (RBS), controlled by the state, took over 42 hotels which American company "Marriott" owns in Great Britain, due to company"s failure to restructure one of its largest real...

The situation in Greece will affect Romania and Bulgaria, given the fact that the subsidiaries of Greek banks have reduced lending, the report of Japanese lender Nomura said Nomura, partially published on a blog of the paper "Financial...

About 20,000 protesters demonstrated yesterday before the Parliament of Athens, against the new austerity measures taken by the Greek government, which have also caused the beginning of a 24-hour general strike.

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

A large series of businesspeople had a lot to lose following the appraisal report of the plots of land that the airport of Ghimbav will be built on, according to information from inside the County Council of Braşov.

After significantly raising their stake in "Oltchim" Râmnicu Vâlcea (OLT), taking it up to about 17% following their buying over the last few weeks, the Poles of PCC SE have announced that they have begun talks with the representatives of...

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...