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The value of bank deposits has reached 292.9 billion lei in Q2 2011, a 3.2% increase over Q1 2011, according to data published by the Fund for the Guarantee of Deposits in the Banking System (FGDB).

In Q2 2011, Romania had the weakest economic annual growth of the EU (0.3%), according to Eurostat estimates.

"UniCredit SpA" Italia and "Erste Group Bank" do not intend to make any layoffs in Romania, even though they had announced that they had plans to restructure employees on a group level.

Dafora Mediaş, specializing in drilling of wells and construction, ended the first half of the year with a fall in turnover of 14.1% YOY, from 91.5 million lei to 78.5 million lei.

Earlier this wee, the shareholders of Vrancart Adjud have approved the proposal of the board of directors to take out a loan of six million Euros from UniCredit Ţiriac Bank, to be used for investing in production capacity.

Yes it was very frightening indeed for us, the people who live close to the troubled areas, and our anxious relatives..

Over the past two days, the French stock market was affected more than other European markets, due to the fears that the sovereign debt crisis could spread.

The minority stakes that AVAS owns in "Mercur" Craiova (MRDO) and "Agrana România" (BETA) were yesterday auctioned off on the Bucharest Stock Exchange, through a special sale, intermediated by the brokers of "Oltenia Grup...

Un om de afaceri din Bacău a fost găsit mort, azi noapte, în locuinţa sa de către soţie, bărbatul fiind legat la picioare şi având mai multe urme de lovituri, precum şi echimoze pe corp, potrivit surselor de presă.

OTP Bank comes along with a solution to help its customers that have loans denominated in Swiss francs and are having problems in repaying them.

Yesterday, the stock market recovered the losses it posted on Tuesday, as the BET-C composite index ended the session up 3.2%.

• Hedging instruments caused a loss of 189 million lei 

The management of "Oltchim" Râmnicu Vâlcea (symbol:OLT) has decided to temporarily reduce the operations of the plant and to send 1,025 of the company"s employees into technical unemployment, according to a communiqué sent yesterday...

The Bucharest Stock Exchange fell yesterday almost 12%, in less than two hours since the beginning of one of the most spectacular recent trading sessions, to then close with a loss of 3.37%, by creating profit opportunities for the investors who...

The Romanian National Bank (NBR) yesterday revised the inflation forecast downward, for the end of the year, from 5.1% to 4.6%, and the one for 2012, from 3.6% to 3.5%, Mugur Isărescu, the governor of the NBR, upon presenting the quarterly...

The listing of Romtelecom on the Bucharest Stock Exchange is a decision that lies with the shareholders of the company Stefanos Theocharopoulos, the new general manager of Romtelecom bluntly said yesterday, refusing to express an opinion on what...

Sarcastic investment advice was being published yesterday in the American media:

Condmag SA of Braşov, specializing in the construction of oil, natural gas and water pipelines, ended the first half of the year with 41.17 million lei, down almost 60% YOY, from 99.04 million lei.

I want to test your perspicacity: I will hereinafter present an excerpt from a greater material, which discusses the world crisis, without quoting the source.

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?

The "Gaz România" Union Federation is suing "Romgaz", requesting that the company pay 10% of its profits to its employees, after filing a similar lawsuit against "Transgaz", according to Cătălin Muşoi, first vice-president...

• Inflation risks persist in the medium term 

• Erste confirms talks for an alternative to the listing of BCR on the Stock Exchange 

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...