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The name of prince Charles has begun to be mentioned together with that of Romania with an increasing frequency, and there is plenty of speculation that he may become an alternative for the domestic political scene.

SIF Muntenia (SIF4) received a package of 0.67% of the shares of Erste Bank (EBS) in exchange for its 3% stake in the Romanian Commercial Bank (BCR), according to the terms of the contribution in kind agreement.

Reporter: Mr. Chairman, will the financial turbulences create problems in Romania, and cause parent banks to pull money from their Romanian subsidiaries?

Romania shouldn't have to pay for the "greed" of the banking system, which made huge profits, president Traian Băsescu said yesterday, at the conference "Analyzing Romania's future economic potential", organized by...

SAP Romania yesterday opened a center which will provide IT added value consulting services to the customers of the German group SAP of Europe, the Middle East and Africa (EMEA), and intends to hire about 400 consultants by 2014.

Ratings firm Fitch Ratings yesterday warned that France's "AAA" rating is threatened by a potential increase in government debt.

Germany yesterday faced the lowest demand for its bonds since the inception of the Eurozone, which fuels fears that Berlin is threatened by the sovereign debt crisis.

"Franklin Templeton" (FT), the manager of the Proprietatea Fund, will be able to discretionarily manage 20% of the total fixed assets of the fund, excluding receivables, instead of the 5% it was allowed until now, after the shareholders...

The price of crude yesterday rose for the first time in the last four days, amid the fears generated by the new sanctions against Iran, namely the potential disruption of crude deliveries from this country.

Yesterday, deputies failed once again to vote on the raising of the holding limit in the SIFs from 1% to 5%, as some of them had anticipated starting with Monday.

The financial banking industry of Romania and of the entire world, is at a crossroads in its development, Mugur Isărescu, the Governor of the National Bank of Romania said yesterday, as he attended the 20 year anniversary of the Romanian Banking...

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.

"VAE Apcarom" Buzău (symbol:APC) has changed its name to "voestalpine VAE Apcarom", making it part of the international group "voestalpine AG Austria", according to a press release sent yesterday to the Bucharest Stock...

In what could be viewed as a victory of the EU leaders against the danger of a referendum being held in Greece, even the Greeks themselves are hostile to the new Greek PM Lucas Papademos, as demonstrated by a poll published on Friday by...

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...