English Section

Romania wants its relationship with the Russian Federation to be founded on pragmatic foundations which should take into account both the international profile and the interests of each country, Romanian president Traian Băsescu said yesterday,...

The possibility of Greece, France and Italy limiting lending to their subsidiaries of Eastern Europe, as mentioned in a report by financial agency "Moody's", is a purely intellectual speculation game, because those countries did not...

Nitroporos Făgăraş, a company owned by the InterAgro group of billionaire Ioan Niculae, last month laid off 81 of the 615 employees.

Brokerage firms that wish to intermediate the listing of "Romgaz" Mediaş on the BSE, have until December 29th to submit their bids, according to an announcement by the Ministry of the Economy.

Since the sovereign debt crisis, Europe has been frequently compared to the Titanic.

• The dismantling of the European Union can no longer be ruled out 

The chemical plant of Oltchim Râmnicu-Vâlcea announced that it will keep 1,000 employees in technical unemployment in December as well. Over the last four months, a similar number of employees have been on furlough, due to lack of raw materials...

The shareholders of Prefab Bucharest, specializing in the production of construction materials, have approved the borrowing of up to 20 million Euros in order to support the company's production program and its investment plan for the...

The European currency yesterday reached this year's highest level, after passing the threshold of 4.36 lei last week.

Reporter: What is the goal of this program "of mentors of female entrepreneurship"?

The nominal value of derivatives reached a historic high of 707.5 trillion dollars, at the end of the first half of the year, according to data sent by financial institutions to the Bank of International Settlements, according to website...

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.