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The sale of another 10% of Petrom should theoretically make Romania, the Bucharest Stock Exchange and the players of the capital market rejoice.

Severnav Drobeta-Turnu Severin announced in a communiqué sent to the Bucharest Stock Exchange that it intends to take out a loan of 2.35 million Euros from CEC Bank and Banca Transilvania.

The price of gold reached a historic high yesterday, on the London and New York exchanges, amid worries over the spread of sovereign debt in Europe.

Urban inhabitants are confused on the meaning of "organic food", a study made by ISRA Center Marketing Research, which emphasizes that "1 out of 10 Romanians say that they don"t know the meaning of the notion of organic products...

"Dafora" Mediaş (DAFR), controlled by businessman Gheorghe Călburean, has won a framework contract for the drilling of gas and oil wells, worth approximately 23 million Euros, from "Petrom", according to a press release sent to...

Spain and Italy going into a tailspin would affect Romania and steps need to be taken to mitigate the effects of such an event, Adrian Vasilescu, advisor to the governor of the Romanian Central Bank said yesterday, hinting at the potential...

Based on the principle "let"s make a mess of the law", the players of the capital market involved in the Secondary Public Offering of 9.84% of Petrom, are doing their best to construe the Code of the Exchange to fit their purposes, in...

Half a billion Euros is such a large amount of money that it was unavoidable that the secondary offering for the 9.84% stake that the Romanian state has in Petrom, which debuted yesterday, wouldn"t cause controversy, suspicions and even...

The chronological allocation of the shares of "Petrom" sold in the Public Offering which began yesterday is not certified by any third party which oversees it, records the day, the hour, the minute and the second, as it would have been...

Banca Transilvania has entered the First Home 4 program, with a cap of 25 million Euros for loans of this type, that it will grant its customers.

Last month, the Board of Directors of Avioane Craiova decided to replace General Manager Radu Costaşuc with Marin Stancu.

The members of the Association of Financial Banking Analysts (AAFBR) considers that the monthly inflation rate for June 2011 probably stood at 0.2% (estimates vary between 0.2% and 0.4%), whereas the annual rate was probably 8.5% (with estimates...

The means of transportation of the future will be far more expensive, due to abandoning conventional fuel, but will also be a lot safer, as the number of accidents will tend to considerably decrease.

Concerns that the BSE would be left high and dry by the consortium of intermediaries led by "Renaissance Capital", for the sale of 9.84% of the shares of "Petrom" owned by the Romanian state, were completely invalidated yesterday...

Redirecting the flow of merchandise towards Central and Eastern Europe via Romania, more specifically via the Port of Constanţa, would determine substantial savings, in terms of external total costs on a European level (including carbon...

The rumor that the SIFs would be looking to sell their stakes in the Romanian Commercial Bank (BCR), in which they hold about 30% of its share capital, has aroused the interest of some major foreign players, willing to offer their services for...

"Franklin Templeton", the manager of the "Proprietatea Fund", recommends the secondary listing of the Fund on the Warsaw Stock Exchange, in Q1 2012, according to a press release sent to the Bucharest Stock Exchange.

Financial Investment Company Banat-Crişana S.A. (SIF1) has begun the payout of dividends for the 2010 financial year, that were approved by the General Shareholder Meeting of SIF Banat-Crişana held on April 28th 2011.s

Two courts of Cluj have determined that the legal status of the Rasdaq market doers not allow it to be considered as a regulated market, ruling in favor of the minority shareholders of a company, who were asking for their right to make an exit,...

The officials of the Ministry of Communications announced yesterday that the benefits of the merger between Romtelecom and Cosmote, as well as those of the listing of the company on the Stock Exchange, would have to be evaluated by independent...

Gold demand from investors increased over ten times over the last ten years, which indicates that gold is entering a new stage of exuberant growth, as China and India stimulate demand, analysts of Erste Group state in a report.

Romania has returned to the investment category, after Fitch Ratings improved its credit ratings for long-term foreign currency loans from "BB+" to "BBB-", with a stable outlook.

In June, "Prospecţiuni" (PRSN) earned about a quarter million Euros per day, says Gehrig Schultz, the president and CEO of the company, who can"t however, conceal a tone of regret when he says about the four rainy days of last week,...

"Piraeus Bank" România will provide market making services for Romanian government bonds, for the first time in Romania, starting with July 1st, 2011, according to Alin Barbu, deputy managing director of the Bucharest Stock Exchange (BVB).

Vimetco, the majority shareholder of Alro Slatina, has postponed the Secondary Public Offer to sell 21 million shares of Alro Slatina (ALR) for approximately 133 million Euros on the Bucharest Stock Exchange (BSE).

The electricity output of "Hidroelectrica" has reached 9 Twh, in the first six months of 2010, even though the extended drought which has affected Europe has seriously lowered the flow of the Danube, which is very close to a historic low,...

Oltchim was supposed to find a consultant for the privatization of the stake that the state holds in the company by the end of June 2011, and to find an investment bank for the privatization process by the end of September 2011, according to the...

Very nice!

The Euro gained yesterday on the foreign markets, reaching a three-week high against the dollar, as investors anticipate the ECB will raise the interest rate this month.

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.

Commercial exchanges between Romania and Greece increased 30% YOY in Q1 2011, Claudiu Stafie, secretary of state in the Ministry of the Economy, Trade and Business Environment, said in a Greek-Romanian forum.

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.