Romanian miracles don't seem to last long. The super anti-missile shield of Deveselu, designed to handle any type of bomb, could be wrecked by some files.

On Wednesday, the shareholders of the Proprietatea Fund are being asked to decide on the reduction of the share capital, as well as on other changes to the articles of incorporation.

According to a draft decision published on its website, the Ministry of the Economy, Trade and Business Environment (MECMA) may layoff 200 employees of the Turceni Energy Complex by the end of the year.

Twelve Romanian companies operating in sectors such as civil and industrial engineering, electricity, metalwork-mechanics, IT, consulting, corporate management, food industry, office automation and tourism have presented Romania's exports in...

On Tuesday evening, the shareholders of "EFG Eurobank" have approved the merger with "Alpha Bank", with a majority of 98.06% of the votes represented in the General Shareholder Meeting (AGEA), and the new bank will be called...

The Competition Council (CC) has sent the Report of the European Commission (EC) concerning the investigation of the Romanian fuel market to the companies operating in the industry.

"Kandia Dulce" and the owners of "Supreme" have concluded an agreement by which "Kandia" will take over "Supreme Chocolat", according to a press release which states: "This operation will create a player of...

The leasing market has grown 4.4%, in the first three quarters of 2011, according to the National Statistics Institute, Antoaneta Curteanu, the president of the Association of Financial Companies -ALB Romania (ALB) said yesterday in a press...

Romania will no longer borrow from the international markets using the issue of MTNs (Medium Term Notes) denominated in dollars, because the international context does not allow it.

Reporter: "Romarm" will begin a reorganization process. What is the main objective of this reorganization?

The confidence of investment funds in the Central European region has deteriorated between April and October at the quickest pace since the launch of the Deloitte Central Europe Private Equity Confidence Index bi-monthly report in 2003, according...

The profit of Ecopack Ghimbav has increased almost 58 times in the first nine months of the year, compared to the similar period of 2010, from 52,519 lei to 3.015 million lei, according to the financial statement sent to the Bucharest Stock Exchange.

The GDP increased in Q3 2011 by 1.9% (in real terms), compared to the previous quarter, whereas compared to the same period of 2010 the advance was 4.4% (gross series), according to the latest estimates of the National Statistics Institute (INS).

The holding limit in the SIFs may be raised from 1% to 5% next week, in a parliamentary session, after the draft law was validated by the Budget and Finance Commission of the Chamber of Deputies, last week.

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...