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Oil carrier "Conpet" Ploieşti (symbol: COTE) reported a net profit of 23.4 million lei in H1 2011, up from 15.3 million lei in H1 2010.

The turnover of IAR Ghimbav increased 39.45% in the first semester of 2011, from 28.911 million lei to 40.315 million lei, whereas the company"s profit fell almost 34%, from 5.434 million lei to 3.588 million lei, according to the report that...

"Uzinele Mecanice Timişoara" (UMT) intends to sell a plot of land with a total surface of 66,643 sqm to "Continental Automotive Products", in exchange for 3.99 million Euros, according to information published in the Official Gazette.

Tax evasion in the vegetable and fruit sector will fall by more than 90%, if the European Commission accepted the request of the Romanian government to enact reverse taxation, said Valeriu Tabără, the minister of agriculture: "We have...

Starting this month, Bank Leumi Romania has changed the interest margins and the commissions for home loans.

• The company led by the Paraschiv family has begun the studies for the construction of a new farm 

The state has once again become a shareholder of "Rompetrol Rafinare" Constanţa (symbol:RRC), with a stake of 44.69% of the company, after the latter recorded with the Trade Registry the 80.8% share capital increase, (by about 4.41...

Garanti Bank offers higher interest rates to customers opening term deposits through the internet banking system, according to a press release by the bank. Such deposits will receive an additional 0.5% over the standard interest rate upon opening...

Do you remember "Predator" with Arnold Schwarzenegger?

• The company has launched a new brand in Romania, "Staropramen", which will strengthen its market share 

With one exception - Mr. Siminel Andrei - the members of the Board of Directors remained silent when asked to express their opinions on the regularity of the "Petrom" Secondary Public Offering.

The reference price for shares of "OMV Petrom" (SNP) of the 9.84% block of shares put up for sale by the Romanian state via a Secondary Public Offering has been set at 0.3708 lei/share, in the Special Meeting of the Government which was...

The bids of the three investors who submitted the tender books for the acquisition of the mines of SC "Moldomin" SA Moldova Nouă were not opened yesterday, since some of the members of the commission were missing, said Răzvan Zăvăleanu,...

Businessman Cătălin Chelu bought another 2.96 million shares (8.27%) of Argus Constanţa, having paid 8.8 million lei so far.

In Q1 2011, SIF Transilvania had a net profit of 89.9 million lei, a four-fold increase YOY from 22.3 million lei.

• Shares of SCUT Constanţa have already been suspended from trading for two months, due to the dispute with the management of the company 

The foundations of the economic crisis, which shook the world"s economy, in particular in the US and in Europe, were laid as early back as 1981, when the global operation for brutal deregulation and liberalization of the North-American market...

The editorial office of BURSA has enquired on the position of the authorities and of the officials of the capital market on two controversial issues, tied to the ongoing Secondary Public Offering of Petrom.

Reporter: "Delta Valori Mobiliare" is a market-maker for the EUR/RON and oil contracts on the Sibiu exchange.

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

The shareholders of chemical plant Chimcomplex Borzeşti, approved the taking of a loan of 8.6 million Euros, which will be used for energy efficiency works.

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.

Austrian oil group OMV, the majority shareholder of Petrom, announced on Wednesday that the Schiehallion joint venture, in which OMV owns 5.88% of the shares, is to spend 3 billion Euros on the re-development of the Schiehallion oil field to the...

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...