UBS chief executive Oswald Gruebel resigned over the scandal surrounding the rogue trading loss of 2.3 billion dollars incurred by the investment banking division, being replaced in the interim by Sergio Ermotti, UBS Europe, Middle East and...

The officials of "Hidroelectrica" said that in the first six months of 2011, the company had a turnover of 1.64 billion lei, up from approximately 1.5 billion lei in the similar period of 2011.

The current economic crisis has lead to increasingly outspoken opinions on the odds of local revolts or even large scale wars.

• In 2011 - The Tear of Ovidiu, produced by Murfatlar, earned a medal for the fourth time 

Of all the activities to which people have constantly dedicated huge volumes of material and human resources, of intelligence and imagination, war remains by far the least understood.

The shareholders of SIF "Muntenia" no longer look at the listing of BCR as anything other than a "plan B".

According to a ruling of the Constitutional Court, the decision to limit the size of the stake of any of the SIF shareholders at 1% concerns the stock market and is intended to ensure its optimal operation, which is why the regulations concerning...

European industrial group Siemens AG has withdrawn half a billion Euros from a French bank, which "Financial Times" and "Reuters" allege is named "Societe Generale" (according to a "Paris-based source"), but...

The officials of Greece"s international creditors - the EU, the ECB and the IMF - will return to Athens in the beginning of next week, in order to complete the talks for the unlocking of the next tranche of the loan made to Greece, Greek...

Greece is being blackmailed by the markets, and Europe isn"t handling the crisis as quickly and as swiftly as it should, Greek Finance minister Evangelos Venizelos said yesterday.

The sovereign debt crisis in Europe has increased the risk exposure of banks in the region by 300 billion Euros, and they will require recapitalization, possibly through the European Financial Stability Facility, in order to bear the potential...

Italian banks, including "UniCredit" SpA and "Intesa Sanpaolo" SpA, as well as the state owned companies such as "Enel" SpA, may face a downgrade by Standard & Poor"s, after the ratings firm downgraded Italy for...

The Eurozone sovereign debt crisis will be the main topic between the leaders of the G20 member countries, in a reunion of the IMF, which will be held at the end of this week in Washington, German sources say, quoted by the international media.

European officials that are facing the sovereign debt issue should not give up on the idea of launching common Eurozone bonds and they should develop integrated instruments in order to make this possible, even if Germany is against the idea, the...

After a year of consultations, ten Romanian businesspeople have created the Romanian Business Leaders Foundation-(FRBL).

Greece is caught in a vicious circle of insolvency, low competitiveness, and increasing depression, says Professor Nouriel Roubini, the president of Roubini Global Economics, in article published by Financial Times.

European banks must consolidate their balance sheets, said the president of the European Central Bank (ECB), Jean- Claude Trichet, in an interview with Spanish daily Expansion, quoted by Reuters.

Yesterday night, the Greek cabinet was going to participate in a new teleconference with the officials of Greece"s international creditors, after its members announced on Monday that the previous teleconference had been "productive".

More European banks may need recapitalization due to the sovereign debt crisis, aside from the nine which failed the stress test, European competition commissioner Joaquin Almunia warned yesterday.

The president of the United States, Barack Obama, and German chancellor Angela Merkel had a phone discussion about the sovereign debt crisis in the Eurozone and have agreed that solving the problems of the Eurozone will require "concerted...

United States have "every interest" to help the countries of the EU in finding a more efficient strategy to handle the sovereign debt crisis, American Treasury secretary Timothy Geithner said on Monday.

The Euro depreciated yesterday. At 10:05, on the New York market, the Euro had an exchange rate of 1.3676 dollars, down 0.1% over the previous day.

The price of gold rose yesterday, as investors were concerned over the sovereign debt crisis in Europe.

Bank of China, one of the largest state-owned commercial banks in China, has interrupted forwards and swap transactions with several European banks, due to the sovereign debt crisis in the Eurozone, sources close to the situation said, as quoted...

Ratings firm Standard & Poor"s (S&P) cut Italy"s credit rating by one notch, from "A+" to "A", with a negative outlook, due to the deterioration of the country"s economic outlook, which threatens the...

"Siemens" AG, the largest European provider of engineering solutions, has withdrawn in the first month of July, deposits worth over 500 million Euros from French bank "Société Générale", transferring them to the European Central...

The Ministry of National Defense may take over several assets owned by Romarm at the Cincu shooting ground, in the county of Braşov, where the institution owns a military base.

The news of a cooperation between the "Angst" group of companies and major retailer "Carrefour", which has been discussed in the press, is not being fully denied, nor confirmed by the two potential partners.

The Conservative Party has decided to run by itself in the local elections of 2012.

Reporter: Dear Mr. Gabriel Ghelmegeanu, what is your review on the visit of the Romanian authorities in China?

On Friday, Valentin Lazea, chief economist of the National Romanian National (NBR), said that Romania had an economic crisis, not a financial one, said Valentin Lazea on Friday.

Over the last few days, sunflower oil maker "Argus" Constanţa (symbol: UARG) has turned into a battlefield, on which businessman Cătălin Chelu, who controls about 44% of the company faces SIF "Oltenia", with a stake of 32%.

Sberbank rules out the acquisition of a European bank facing problems, but is watching the Romanian market to expand its presence in Eastern Europe, said Anton Karamzin, the CFO of the largest banking group in Russia.

When a journalist from BURSA goes to Mediaş, it either means that "Romgaz" is going public, or "Transgaz", is being privatized, or something else related to natural gas is happening.

Tudor Caranfil says that Communism left Romanian with the equipment of an impressive movie industry and just a few movies: "The forest of the hanged men", "The cruise", "The Dacians" (a blockbuster which was competitive on...

If the Eurozone collapses, then we will see a war on the continent in the next ten years, Polish Finance minister Jacek Rostowski, said, according to euobserver.com.

Costel Ceocea, the president of SIF "Moldova" (SIF2), yesterday decried the lack of solidarity of the SIFs in their talks with Erste, and said that if they had negotiated together, they would have received a better offer.

The Austrians of "Erste Group" (symbol:EBS) have announced that they have signed a principle agreement with four of the five financial investment companies (SIFs) in order to buy their 24.12% stake in BCR in a deal worth 435 million...