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Next year, everything will depend heavily on our rate of absorption of European funds, said Lucian Anghel, the chief-economist of the Romanian Commercial Bank (BCR), as turnover in retail fell 4% after the first ten months of the year (gross...

The worsening of the sovereign debt crisis in the Eurozone could result in increasing investors' aversion to all markets, including emerging ones, Cristian Popa, the deputy governor of the National Bank of Romania, at a seminar concerning...

A number of five banks yesterday attracted 2.38 billion lei yesterday (546 million Euros) from the National Bank of Romania (NBR), with a maturity of one week, at the policy rate of 6% p. a..

South African real estate investment fund "New Europe Property Investments" (symbol:NEP) yesterday announced it raised 40 million Euros from its shareholders, successfully concluding the guaranteed rights offering, according to a press...

Cutting expenditures to a minimum is the main wish of the Boc government, at least judging by their statements.

Foreign banks will not leave the Romanian banking system, as a result of the financial turbulences and of the international political tensions.

Next year, we may see bankruptcies or bank nationalizations next year, given the messages sent by Governor Mugur Isărescu, as well as by the president Traian Băsescu, concerning the possible risk of parent banks withholding financing of their...

We are on the verge of panic on the financial market of the Eurozone, says economist Ionel Blănculescu, who has proposed a European level project, for the management of sovereign debt.

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,...

There can be no discussion of manipulation of the stock market when it comes to the statements on the raising or the keeping intact of the threshold in the SIFs made by the MPs in the sessions of the Parliament, Gabriela Anghelache, the chairman...

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.