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Banca Comercială Carpatica (BCC) launched the "Rădăcini" ("Roots") loan, intended for financing the purchasing of agricultural land, as well as for the rehabilitation of land for agricultural purposes, the BCC announced yesterday...

The shareholders of Altur Slatina, specializing in the manufacturing of parts and accessories for cars and engines, have approved the contracting of a credit facility of 14 million lei from Raiffeisen Bank, with the money to be used for the...

Between 2011 and 2012, the Turceni Energy Complex will be running a restructuring program which stipulates cutting labor costs, said Octavian Graure, the General Manager of the Complex.

Even now, in the midst of the economic crisis, the car and car parts industry still offers business opportunities for foreign investors, allowing them to get good profit margins, the officials of the Romanian Center for Promoting Trade and...

The sale of the mines of SC "Moldomin" SA was blocked by the National Tax Administration Agency (ANAF), Sorin Găman, managing director in the Ministry of the Economy, Trade and Business Environment (MECMA) said yesterday, at a mining...

• Former president of the Proprietatea Fund: The money will run out soon 

The state intends to sell the mines of "Cupru Min" by the end of this year, Claudiu Stafie, secretary of state in the Ministry of the Economy, Trade and Business Environment (MECMA), present at a conference on mining related issues,...

"Vimetco", "Enel" and "Alro Slatina" are three of the five companies which acquired tender books for the construction of a 500 MW energy generation unit in the Rovinari Energy Complex, Tiberiu Trotea, the general manager...

The domestic football clubs playing in the European cups could lose millions of Euros this autumn and could see their reputation seriously damaged because of the awful grass of the National Arena stadium.

The shareholders of Ropharma have approved the conversion into stock of a debt of 1.8 million Euros into shares in Ropharma Distribution.

Last year, the BURSA newspaper was the first to disclose the cases of the energy producers (the complexes of Craiova, Turceni and Rovinari) which skirted the law by selling energy to consumers directly instead of via auctions, as they are...

The announcement for the selection of the intermediaries that will handle the secondary public offering for 15% of the shares of "Transelectrica", will be made in the beginning of next week, Victor Cazana, the head of the OPSPI (Office...

• Swiss Franc falls to a 2-month low, against the leu, at the NBR exchange rate 

The largest building intended for athletic purposes, erected over the last 30 years in Romania, will be inaugurated today on the occasion of the football game between the national teams of Romania and France, which counts for the qualifying...

Elan Schwartzenberg has requested the insolvency of Realitatea Media, which owns the broadcasting license for Realitatea TV.

The Romanian Association of Automobile Car Parts Distributors (ADPAR) has warned the Competition Council on the violation of the Law of Competition and on the use of illegal and unfair competitive practices by Romanian insurance companies.

Luxury is more of an investment than a way of improving one"s personal image, at least according to jewelry distributors, who report increasing business in the elegant boutiques located in the central area of Bucharest.

The listing of BCR on the Bucharest Stock Exchange was stipulated in the contract for the privatization of the bank, which was signed in December 2005, but Erste and the five SIFs have decided to postpone the listing of BCR.

Mircea Ursache, the head of the department for managing the state"s interests in the economy of the Social Democrat Party (PSD), and former president of the AVAS, has a completely different opinion than Sebastian Vlădescu.

Shares issued by SAP AG and Adidas AG have been registered in the RoClear clearing-settlement and registry system, in order to perform cross-border settlement operations, starting with August 31st, the Central Depository announced yesterday.

ArcelorMittal has invested 11 million dollars in a new line for rolling cold-welded pipes, located at its plant of Iaşi.

Austrian direct investments have exceeded seven billion Euros last year, and Austrian companies last year employed almost 70,000 people, according to data sent by the Vienna Stock Exchange yesterday.

Valentin Ionescu, the managing director of the Bucharest Stock Exchange (BSE), considers that the state, through the AVAS, could intervene in order to get BCR listed on the Stock Exchange, which is something that he would like to happen.

It was never the intention of the state to increase the portfolio of the Proprietatea Fund (FP) or to increase its share capital, the minister of Finance, Gheorghe Ialomiţianu said yesterday.

Erste is extremely adamant about not wanting to take BCR public, and in order to get its wish, all it has to do is to convince one of the five SIFs, as proven by the agreement to postpone the listing which was signed in the autumn of 2009 by the...

Alexandru Matei, the former president of SIF "Moldova" (SIF2), who is currently a member of its Board of Directors, has requested an audience with the Romanian National Securities Commission (CNVM) in order to present his opinion on the...

The matches against Luxemburg and France are essential for an eventual qualification to the tryouts for the Euro 2012 tryouts, but in particular for the purse of the Romanian Football Federation as well as for the wallet of trainer Victor Piţurcă.

On Sunday, the entire country celebrated a wedding.

Countess Bettina Bernadotte (37 years old) opened the annual meeting of the winners of the Nobel prize in economics, which took place between Tuesday and Saturday, on the island of Mainau, (named "Flower Island") of Lake Constance...

• "Sanofi-Aventis" - a fourfold increase in profit  

The following lenders will offer loans for small and medium enterprises, as part of the "Cardul Kogălniceanu" ("The Kogălniceanu card") program: Alpha Bank, Banca Comercială Carpatica, Banca Transilvania, Bancpost, BRD Groupe...

• SIF "Transilvania" wants to speed up the completion of the negotiations with Erste to exploit its stake in BCR 

The price of gold saw the biggest drop in the last 18 months, amid the stabilization of speculation on the financial markets, which eroded demand from investors, according to Bloomberg.

The listing of the Proprietatea Fund on the Warsaw Stock Exchange would be a mistake, and the company should be listed in Vienna instead, where it would have a lot more exposure to institutional investors and would be less exposed to currency...