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Interview with Tom Holst, the head of Chevron for Romania

More than half of the volume of energy sold by "Hidroelectrica" last year was based on direct contracts with private providers, the representatives of the company told us, in an interview.

After a month of hard winter, like we've never had in the last 50 years, spring shows its first signs.

Oil prices fell yesterday after rising for 8 days straight, on the London and New York Exchanges, halting last week's significant rise.

Swiss company Günthart AG, specializing in the production of chocolate, is assessing the Romanian market, with a view of opening a plant in Romania as well.

Since the beginning of the year, the price of gas in Romania has increased 4.2%, and the price of Diesel fuel has risen 3%, says Andreea Paul Vass, State Adviser to the Prime Minister.

The hike in the price of fuel which happened last week, just five weeks after the price increases of January, will affect our wallets, just like the other price hikes of utilities.

Reporter: What steps do you think the government should take to prevent more failures of the privatization offerings conducted through the stock exchange? Do you think there is time to take such measures?

"Cosmote" Romania saw a 27% increase on the business segment last year, compared to 2010, including large customers such as BCR or Transgaz, the company's officials announced yesterday.

Few people seem to have noticed that the attitude of the NBR's governor towards to the Bucharest Stock Exchange has fluctuated wildly, in the 21 years since Prime Minister Petre Roman issued the Government decision to create the Romanian...

Mugur Isărescu, the governor of the Central Bank, thinks that in the future, the Bucharest Stock Exchange could represent a viable alternative for the financing of the Romanian economy: "Maybe someday I will bring my winery to the Stock...

Reporter: Your Excellency, the state of the relations between Iran and the Western Countries is changing from one day to the next. How do you view things at this moment?

Complicated regulations, an unfair taxation system and the rise of the underground gambling market are obstacles to the development of the gambling industry in Romania, considers Mrs. Michelle Lee Cummins, General Manager of Casinos Austria...

Reporter: Mr. Bulai, can it be said that there is a correlation between the economic crisis and gambling?

"OMV Petrom" and "ExxonMobil Exploration and Production România" yesterday announced the discovery, in the Black Sea, of a deposit of natural gas, estimated at 42-84 billion cubic meters, the equivalent of three to six times our...

Reporter: Your Excellency, the state of the relations between Iran and the Western Countries is changing from one day to the next. How do you view things at this moment?

Reporter: Dear Mrs. Jarzemska, how would you describe the Romanian market, compared to other markets that your company operates on?

Prince Paul will request the opening of the succession, following the ruling issued by the Romanian court last week, by which Carol Mircea Grigore, father to Prince Paul, was acknowledged as first legitimate son and rightful heir of Carol the...

Some of the commercial banks responded to the harsh message of the Governor of the Central bank Mugur Isărescu, concerning the high interest rates on deposits and acted accordingly, cutting their rates paid on deposits by as much as 0.50...

On Friday, the price of crude rose to a9-month high on the energy exchange in New York, amid the first signs of improvement of the American economy and of the optimism concerning the second bailout package for Greece.

I had gone blind.

Aluminum maker Alro Slatina (ALR), controlled by Russian group Vimetco, supports the idea of desecretizing the energy procurement contract concluded with Hidroelectrica, but this will place it at a disadvantage compared to its competitors, Marian...

"The beginning of the end" for the "Proprietatea Fund", like many call it, was started by the request of the American fund "Elliott Associates", the largest shareholder of the Proprietatea Fund, to increase the...

"Prodplast" Bucharest has seen a net profit of 2.935 million lei, in 2011, up 42.55% compared to 2010, according to preliminary information sent on Wednesday to the Bucharest Stock Exchange.

Rompetrol Well Services had a net profit of 15.517 million lei, last year, up 6.47% over the end of 2010, according to preliminary information sent on Wednesday to the Bucharest Stock Exchange.

Turnover of "Transgaz" Mediaş (TGN) rose 2.7 %, last year, to 1.348 billion lei, according to the annual report sent to the Bucharest Stock Exchange.

Profit of Dafora SA Sibiu fell 2.15 times in 2011, compared to 2010, to 3.86 million lei, according to preliminary data published on the website of the Bucharest Stock Exchange.

Oil Terminal posted a net profit of 360,404 lei last year, 6.2 times smaller than at the end of 2010.

The plant of "Oltchim" Râmnicu Vâlcea (OLT) reported losses of 270 million lei in 2011, up 20.9% over 2010, as turnover increased 17.1%, to 1.53 billion lei, according to the preliminary report sent to the Bucharest Stock Exchange.

Oil prices rose yesterday, on the London and New York Exchanges, after a press agency of Iran announced that the country cancelled its oil deliveries to six EU member states, and the US Department of Energy said that American oil inventories fell.

The deal through which the government will try to sell on the stock market a block of 15% of "Transelectrica" (symbol: TEL) is scheduled to begin in mid March, and will have a subscription period of 10 working days, the representatives of...

The first "Imperio" street cars, made in Arad at the streetcar plant of Astra Vagoane Călători may be delivered this year in Cluj Napoca.

His Royal Highness Prince Carol Mircea of Romania, father to Prince Paul, was acknowledged yesterday by the Romanian courts as first legitimate son and legal heir to his Majesty King Carol the 2nd.

The commotion around the replacement of the Board of the Exchange in late December and in early January, the statements such as "there is a need for change!, "the other guys were bad, we are good!", "we will outdo everyone!"...

Europe's ugly duckling, Greece, was last month's surprise, as its stock market posted the biggest gain on the continent (+17%), according to the report of the Federation of European Securities Exchanges (FESE).

The lawsuit by which the Romanian Commercial Bank, Erste Group Bank and the Bucharest Stock Exchange were sued by "Muntenia Imobiliare Development", for irregularities on the structured products market, will begin on September 25th 2010,...

Exporters and Romanian businessmen do not think that the austerity program, which was passed yesterday, by the Greek parliament, which stipulates drastic measures that would reduce jobs, pensions and jobs, will affect Romania.

Reporter: How would you describe the IT&C market of Romania in 2011?

Reporter: What are the consequences of the fact that "Erste Bank" did not take BCR public, like the privatization contract stipulated?

From a macroeconomic point of view, Romania is in excellent shape, considers Jeffrey Franks, the head of the IMF mission in Romania.

The shares of "Petrom"(symbol: SNP) rose 5.88% over the last two trading session, as the BET index, which tracks the top ten most liquid stocks, rose more than 1% a day.