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Reporter: Is the agreement to postpone the listing of BCR legal or not? Did the SIFs need a power of attorney to conclude an agreement concerning the postponing of this listing?

As the Romanian state is going increasingly into debt, state owned and private companies are accruing major debts to the state budget.

Socot Târgu-Mureş has seen its revenues increase 29.8% in the first semester of 2011, from 46.57 million lei to 60.49 million lei.

The directors of Ropharma Braşov, specializing in the distribution of drugs, will propose to shareholders, on September 1st, to do a debt for equity swap of 1.882 million lei with Ropharma Production SRL Iaşi, which is part of the same group of...

Austrians of "Erste" have made us a concrete proposal to make the stakes of the SIFs in BCR more liquid, said Ioan Cuzman, the president of SIF "Banat-Crişana" (SIF1), without disclosing what the offer of Erste entails.

• The Romanian state and "Ford" are discussing the conclusion of an appendix to the privatization contract, since the Americans have not completed the restructuring process of "Automobile" Craiova 

• (Interview with Lucian Croitoru, governor to the Governor of the NBR) 

Romania has met all the performance criteria set by the stand-by agreement concluded with the IMF, but it must proceed with the reforms in order to achieve economic growth, Jeffrey Franks, the head of the IMF mission to Romania said yesterday.

The management of the Bucharest Stock Exchange (BSE) has sanctioned General Manager Valentin Ionescu with a "Warning", holding him responsible for several mistakes in the matter of the failed Secondary Public Offering of "Petrom",...

The refusal of the Kazakhs of "Rompetrol" to consider the sale of the gas stations that the Group owns in Romania, to the Serbian company NIS, owned by "Gazprom", doesn"t seem to have deterred the Russians from their plans to...

The Romanian banking system will most likely change its structure in the next two years, following potential mergers and acquisitions which may occur in the coming two years, as well as by having new players enter the market, said Radu Gheţea,...

"Oltchim" Râmnicu Vâlcea (symbol: OLT) wants to borrow 250 million Euros to finance investments and for working capital, according to the notice to attend the General Shareholder Meeting of August 29th, remitted to the Bucharest Stock...

• They claim that they are losing money due to the deals with shares in "Argus" Constanţa made by the companies owned by businessman Cătălin Chelu 

• In the first half of July, the National Authority for the Restitution of Properties has issued conversion deeds for 4.7% of the shares of the Proprietatea Fund 

Cristian Sima, one of the best-known players on the Romanian capital market, and Paul Miclăuş, former advisor with the CNVM, have been appointed by the CNVM as directors of the Sibiu Exchange, the company said in a communiqué.

The image of the Bucharest Stock Exchange is being unfairly trampled nowadays, by the very same press that a few days ago would gush over the record size of the "Petrom" Secondary Public Offering, which, according to the ecstatic comments...

The Macro store of Bran was inaugurated yesterday, following an investment of 500,000 Euros, according to a press release by Mercadia Holland BV, the company which manages the Macro and Mic.ro chains of stores.

The shareholders of Dafora Mediaş, specializing in drilling and construction, have approved the increase of the company"s share capital by 5.1 million lei, from 97.3 million lei to 102.4 million lei.

The Ministry of the Economy will increase the share capital of "Hidroelectrica" and "Nuclearelectrica" by 10%, in a public offering, the Ministry announced yesterday.

• Trading in the EUR/USD and SIBGOLD_USD contracts, suspended indefinitely 

The shareholders of Mechel Târgovişte have approved the contracting of two loans of 50 million Euros each, together with three companies in the group - Laminorul, Ductil Steel and Mechel Câmpia Turzii.

The shareholders of clothing factory "Comixt" of Roşiorii de Vede (symbol: COMB), decided on Saturday to increase the share capital from 773,994.45 lei to 8,753,994.45 lei by issuing 42 million new shares, according to a report sent to...

After losing the installations for making fertilizer in foreclosure, "Amonil" Slobozia (symbol: AMO) could become an electricity maker, more than three years after the shareholders of the company have approved a contract with...

"Nutritional supplements account for about 200 million Euros of the pharmaceutical market", said Ciprian Bostan, general manager at "Bio Integra" SRL, who added: "Sales have really increased, if we consider that they were...

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...