English Section

1. The following large scale projects, concerning the infrastructure intended to increase the reliability of the supply and transit of the Russian energy resources, have been implemented:

Reporter: You have launched the project "Romania - a European Energy Node". What does this project consist of?

"I think that Romania's relationship with Russia is fair, based on mutual respect and benefits, when it comes to trade".

The uniqueness of its structure and of its political, social and historical destiny is one of Russia's features that few would feel inclined to challenge.

• Interview with Mircea Vescan, the general head of Armax Gaz 

• Interview with Mr. Aurelian Gogulescu, the president of the Chamber of Commerce and Industry of Prahova 

Russian president Dmitri Medvedev has asked the government and the Russian Central Bank to draft by September proposals on how to reduce the stakes of the government in state owned banks to less than 50%.

VTB, the second largest state owned bank in Russia, wants to invest "a few hundred million Euros" in the Balkan region in the coming years, and its objectives include the privatization of CFR Marfă, Atanas Bostandjiev, the CEO of VTB...

The representative of the IMF in Romania, Tonny Lybek, recently said that, despite the fact that it has significant, but not sufficient reserves of natural gas, Romania imports natural gas from Russia at high prices and sells it cheaply to...

Interview with Radu Petrescu, Communications Manager of "Upetrom Group"

The resignation of Ionel Oprea from the position of General Inspector of the Bucharest Stock Exchange did indeed occur on September 1st, 2006.

Following the publication of the article "The CNVM shirks its duties" - (,,C.N.V.M. se derobează de atribuţii"), which was published on March 30th, 2012 in the BURSA newspaper, the CVNM feels that it needs to make the following...

• Interview with Mrs. Cristina Chiriac, vice-president of the AVAS 

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.

Non-performing loans remain a factor of concern for the banking system, but an indirect help may come from politicians.

• 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...