American company GlaxoSmithKline has completed investments of seven million Euros in two production lines at the plant it owns in Braşov, and will become the only company in the pharmaceutical business to domestically manufacture brands known...

George Bernard Shaw said that "democracy is a mechanism which guarantees that we won't be governed any better than we deserve".

Yesterday, Italy sold five-year bonds and successfully raised 3 billion Euros (4 billion dollars) - the maximum amount targeted by the government, but the bonds were placed at the highest yield of the last 14 years.

The Board of Directors of the Bucharest Stock Exchange which met yesterday in a session, has discussed the company's nine month earnings, as well as the manner of operation of the executive.

We will never see a better time to make major investment mistakes, like this time of crisis.

National Energy carrier Transelectrica has announced losses of 25 million lei in Q3 2011, but after the first nine months the net profit of the company reached 153.4 million lei, almost 30 times higher YOY, when it reported a net profit of 5.1...

Business of VAE Apcarom Buzău, specializing in rolling stock, increased 26% in the first nine months of this year, from 51.6 million lei to 65.1 million lei, whereas the company's net profit climbed 8%, from 4.8 million lei to 5.2 million lei.

The Teheran regime is not completely isolated by the major powers of the world.

On Wednesday, French president Nicolas Sarkozy received the visit of the president of the World's Jewish Congress, Ronald Lauder, and of the Representative Council of French Jewish Institutions (CRIF), Richard Prasquier.

Vîntu and Luca were arrested for playing "pass the potato" with money, although the amounts involved were definitely something - the 328 million Euros which Petromservice got following the contract to sell the oil operations and the...

The report of the International Atomic Energy Agency (IAEA) sets the framework for the passing of strict measures of the UN against Iran, without excluding the possibility of a military intervention.

All the signals point to a process of disintermediation for the financing of local branches of by the parent-banks which is inherent, Mugur Isărescu, governor of the National Bank of Romania (NBR) said yesterday, at the annual conference of the...

The Romanian Central Depository might connect to its Bulgarian peer within two or three months, Ivan Dimov, the head of the latter said yesterday, after a Bulgarian company expressed its intention to get listed on the Romanian stock Exchange.

Investors were pleased with the news that the Budget and Finances Commission of the Chamber of Deputies voted in favor of raising the holding limit in the SIFs, on Monday night, and pushed the price of the SIFs to rise about 10% in the first part...

Christianity has approximately 2.2 billion followers, almost one third of the population of the globe, being the largest religious community in the world.

"The world situation requires the concerted effort of everyone, a thorough examination of every facet of the problem - social, economic, cultural and spiritual.

The Ministry of the Economy, Trade and Business Environment has rejected the proposal of SIF Transilvania to assign shares it owns in various companies in exchange for the shares which the SIF owns in IAR Ghimbav.

The world is changing.

The dubious relationships between the European Union and democracy must have played a part in yesterday"s announcement of the imminent resignation of Greek PM Giorgios Papandreou, a resignation which was later denied in a piece of news...

The position of director which SIF Moldova announced has so far sparked the interest of seven people in the industry, but the company will be accepting applications until today, 16:00.

Greek Prime Minister George Papandreou yesterday said he would be willing to abandon the controversial plan to hold a referendum on the second tranche of the foreign bailout of Greece, on whether it would leave the Eurozone, said Los Angeles Times.

Yesterday, Greek PM George Papandreou took the entire world by surprise, announcing that he would organize a referendum in the country and would request a vote of confidence in the Parliament on the bailout agreement passed last week at the...

The new president of the European Central Bank (ECB), Mario Draghi, who took over this position on Monday, from Jean-Claude Trichet, is expected to boost the bank's efforts to battle the Eurozone's debt problem by cutting key refinancing rates in...

The National Authority for the Regulation in the Energy Sector (ANRE) has approved the regulation for the issuing of Green Certificates, which will be issued to renewable energy producers, according to an emergency ordinance recently published by...

With her skirt decently below the knee, on Monday night, the European Union was watching TV and eating popcorn, happy that she had finally managed to patch together a plan to rescue the Eurozone, when Greek Prime Minister George Papandreou...

• Farmers who own tractors are already in the middle of the harvest and do not have the time needed to fill out the applications needed to replace the tractors with new ones 

Starting today, the Central Depository will start offering a new infrastructure for the settlement of financial operations, which use the SWIFT network, the officials of the institution have announced yesterday.

Languages which use their own words for to express the notion of "crisis", are seldom found in Europe, but Hungarian is one such rare language, which expresses the notion of "crisis" through the strange word...

• Ameropa Holding may indirectly take over the plant 

The capital market could represent one of the solutions which would allow private companies to exit the crisis, considers Marcel Bărbuţ, the head of "Adeplast".

Financial independence represents one of the most important objectives of "Romarm", said Vasile Crişan, the managing director of the company: "Through reorganization and the improvement of the economic performance of the company, we...

The crisis - the European context and the newly adopted solutions for rescuing Greece, the consequences which the latter will have for the banking system as well as the solutions which could be adopted to allow Romania to more easily weather the...

The 50% haircut of the sovereign debt will involve "losses" for the banking system which has invested in bonds, but a set of measures which would "restore" on the market was needed, Lucian Croitoru, advisor to the governor of the...

The ambition of the Bucharest Stock Exchange to participate in the privatization of the Bulgarian Stock Exchange operator was expressed by Mr. Valentin Ionescu (ed. note: the CEO of the BSE), in an economic forum in Sofia, in May, said Ivan...

Salaries and pensions need to be kept at the levels they had this year, so the money can go to investments, Gheorghe Ialomiţianu, the minister of Public Finances said on Friday.

NBR governor Mugur Isărescu will attend the "Business behavior in times of crisis" conference, organized by the BURSA newspaper, with the help of the National Bank of Romania.

"Banca Transilvania" (symbol: TLV) made a net profit of 106.90 million lei, in the first nine months of the year, up 53% YOY, according to a press release of the bank.

Romania would find itself faced with "very serious difficulties", because it would not even be able to finance its expenditure budget for this year, if the capital flows coming from the parent banks to their Romanian branches were to...