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Construction material maker Cars Târnăveni, whose main shareholder is businessman Gheorghe Călburean, filed for insolvency in a case submitted last week with the Court of Mureş, after posting losses of several million lei over the last few years.

The general strike sparked off by the employees of "ArcelorMittal Tubular Products", located on the platform of the metallurgic plant of Galaţi, continues into this week as well.

• Interview with Wojciech Zaremba, the representative of PCC SE in Romania 

The Board of Directors of the NBR yesterday decided to cut the policy rate from 5.25%/year, to 5.5% a year, a communiqué of the Central Bank states.

Răsvan Radu, the executive director of "UniCredit Ţiriac Bank" considers that there are too many universal banks in Romania, and that in the near future we will see the consolidation and specialization of the banks present on the market.

Last year, "UniCredit Ţiriac Bank" had a net profit of 159.4 million lei (38 million Euros), according to the international reporting standards (IFRS), down 6.9% over the previous year, according to a press release by the bank.

The public offering of "Transelectrica" (symbol: TEL) has been oversubscribed by 34.18%, with the highest interest coming from retail investors who subscribed 2.844 million shares of TEL (258.71% of their allocated tranche) at prices...

Gentlemen, I was just kidding!

Yesterday, the government decided to begin the procedure for listing 15% stakes in Electrica Distribuţie Transilvania Sud, Electrica Distribuţie Transilvania Nord and Electrica Distribuţie Muntenia Nord on the Bucharest Stock Exchange, government...

The management of the Bucharest Stock Exchange wants to conduct stock buyback programs in the coming years in order to motivate its employees and managers, according to the draft budget published by the BSE for 2012.

An alternative for "Cupru Min" would have ben the conclusion of a public-private partnership, Lucian Bode the minister of the Economy recently said, who went on to say the following, one week ago: "I am not necessarily a supporter of...

The European authorities have engaged in a shameless PR campaign, presenting the Greek default as a resounding success.

2012 brings an increasing number of good news for customers who denounced the abusive clauses of loan agreements.

The Court of Justice of the European Union claims that the Rasdaq is not a regulated market, even though stocks listed on it are traded with the help of the electronic system provided by the Bucharest Stock Exchange, according to a communiqué...

• He would prefer Vienna for a dual listing of SIF2 

The representatives of the Bucharest Stock Exchange have not yet decided whether they are going to participate in the privatization of the Sofia Stock Exchange.

Present in Romania since 2007, Azeri state owned company SOCAR has already become familiar with the Romanian market and it is reviewing any opportunity (ed. note: for acquisition) in the oil and gas sector, according to Hamza Karimov, General...

Bogdan Olteanu, the deputy governor of the NBR, yesterday said that the decision of the Central Bank to introduce polymer banknotes was a "brave" and "wise" move, because it made the number of monetary forgeries seen in Romania...

Tax evasion remains the main method for money laundering, as it has been identified in 79% of all cases, Florin Dănescu, the executive president of the Romanian Banking Association (ARB) said.

The Bucharest Stock Exchange will be allowed to own 5% of the newly created Kishinev Stock Exchange, after receiving the approval of the National Commission of the Financial Market (CNPF) in the Republic of Moldova, according to a report sent...

Customers of Volksbank Romania who filed a lawsuit against the bank, due to the abusive commissions and the method used for calculating the interest rate in Romania, yesterday saw a ruling rendered in their favor, according to lawyer Gheorghe...

The government intends to sell 51% of "Hidroelectrica", like the officials of "Hidrosind" told us, who claim that they have received signals in this respect: "There have been some signals.

Reporter: In 2011, the objective of the Office (ONPCSB) was to implement the Action Plan for the application of the National Strategy for Preventing and Fighting Money Laundering.

Small and medium enterprises (SMEs) in Romania contribute 40% to the creation of added value, as opposed to 60%, which is the average of the European Union, said Aurel Şaramet, the president of the National Fund for the Guarantee of SME Loans...

The issue of speculation on the stock of "Roşia Montană Gold Corporation" on the Toronto Stock Exchange is five years old, even though the issue of large-scale scams is more than 125 years old; sometime around 2007, Allen Hill, the...

We can't actually speak about a decrease in the contraband phenomenon, as the cigarettes with Ukrainian stamps can be found in all the markets of the county of Satu Mare, said PSD senator Valer Marian, the vice-president of the Commission for...

The Romanian Banking Association (ARB) wants the postponement of the deadline by which the commercial banks would have to install TV screens inside their branches, to allow the text concerning the customers' rights, which will be displayed on...

The Romanian authorities have begun moving swiftly in the privatization of "Oltchim", immediately after receiving the agreement of the European Commission for the conversion of the receivables of the AVAS into stock.

The satisfaction that PM Mihai Răzvan Ungureanu verbally crushed Mihai Gâdea, during the interview he gave him two days ago, on Antena 3, permeates the pro-government press and the internet.

The decision of the European Commission through which, the conversion into stock of the debts of "Oltchim" towards the AVAS was approved last week, will help accelerate the privatization of the plant, according to market sources.

The legal market for cigarettes had a positive evolution over the last two years, mostly due to the dramatic drop in the illicit trade, said Adrian Popa, Corporate & Regulatory Affairs Director of cigarette maker "British American...

Having run out of shares in the Proprietatea Fund, and being pressured by the European Court of Human Rights to speed up the process for the compensation of the former asset owners whose assets were abusively seized by the Communist regime, the...

Reporter: You recently visited Morocco. What was the goal of this visit?

According to market sources, in today's meeting, the government will decide on the price at which the 15% stake in "Transelectrica" (symbol: TEL), will be sold.

The tobacco market is still a troubled segment, since the level of smuggling has once again increased towards the end of last year.

The shareholders of the "Oltchim" chemical plant (symbol: OLT) yesterday approved "the initiation of the selection procedure for the selection of new non-executive and/or executive directors", in compliance with the dispositions...

Cristina Chiriac, the vice-president of the AVAS, granted us an interview in which she commented on the implications of the decision of the European Commission to approve the conversion into stock of the debt of Oltchim towards the AVAS.

The Bucharest Stock Exchange finally deigned to suspend trading in the shares of Oltchim, but only did so Friday morning.

Petre Pavel Szel, the president of "SAI Muntenia", the company which manages SIF4 "Muntenia", says he is relatively pleased with the results achieved by SIF4 last year, given the state of the economy.

Russia's 20-year energy strategy, which concerns the 2010 - 2030 period and was approved in November 2009, stipulates that the export of energy resources will remain the country's engine for growth, but its impact on the economy will...

The Bucharest Stock Exchange and "Oltchim" did not make sure that the stock market investors would be fairly informed about the most important news in the market which concerned "Oltchim", over the last few years - obtaining the...

After almost four years of investigations, the European Commission has approved the conversion of the debt of "Oltchim" towards the AVAS (ed. note: Authority for State Assets Recovery).