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After achieving a spectacular recovery in 2010 by ending the financial year with a profit of 6 million Euros (after posting losses of 2 million Euros in 2009) last year, the Shipyard of Damen Galaţi only had a profit of 3 million Euros.

This year, the company IAR Ghimbav plans to make a net profit of 2.417 million lei, down 16.6% compared to the level reached at the end of 2011, of 2.897 million lei, according to the Revenue and Expense Budget which will be submitted for...

The Dutch government, led by Prime Minister Mark Rutte, resigned yesterday, following the disagreements over the cuts of the country's budgetary spending, according to the European norms, the information service of the Hague government announces.

Today, the Parliament will debate and vote the motion of no-confidence which the USL filed last Wednesday against the Government led by Mihai Răzvan Ungureanu.

On Friday, Prime Minister Răzvan Ungureanu was expected to announce his first decision in the case of the direct contracts between Hidroelectrica and certain privately owned energy suppliers.

The project company for the construction of AGRI (a pipeline for transporting natural gas over the Black Sea, on the Azerbaijan - Georgia - Romania - Hungary route) will begin the negotiations with the company which will accomplish the...

The Russians intend to invest, in the coming 10-20 years, mostly into expanding the primary energy sources, as well as turning them into electricity, first of all through thermal technology, engineer Mihai Macsim, the general manager of the...

The Prime Minister with three names has begun stammering - he admitted that the capping of the compensation at 15% which he is proposing, creates an injustice, but that he had to choose between making justice and ... Romania itself.

An analyst of ratings firm Fitch warned Holland that it is at risk of having its top "AAA" rating cut, due to the increase in the country's debt, according to Daily Telegraph.

European unions yesterday expressed their skepticism concerning the efficiency of the measures presented by the European Commission to stimulate job creation and the economy of the EU, AFP reports, according to Agerpres.

GEFCO operates on the global logistics market for the industrial sector.

An extremely stormy talk took place yesterday between the representatives of the former owners and the authorities, which have proposed the capping of the compensation for owners whose assets were abusively seized by the communist regime at 15%...

The state loses 400 million Euros a year from the illegal sale of cigarettes, as in March, the level of contraband has remained at 13.4% of the total market volume, according to Adrian Popa, Head of Corporate & Regulatory Affairs at...

The Bucharest Stock Exchange acted strangely for the third time when it comes to Oltchim, in the last two months.

The adoption of private management in state owned companies is a project which the government has taken on since 2009, but one which it implemented two years later, at the end of 2011.

GEFCO operates on the global logistics market for the industrial sector.

• I said "The Lord's Prayer"  

• I said "The Lord's Prayer"  

The Romanian-Russian Chamber of Commerce (CCIRR) is in the process of implementing a strategy for the development of exports and economic cooperation between the two countries, valid until 2015.

The draft law by which the Romanian state would only compensate the owners of nationalized properties for only 15% of their real value, which the news agencies informed about yesterday, had already started being discussed about a year and a half...

• The financial industry - the area which saw the highest volume of investments last year 

Russian giant "Gazprom" is moving the transit of natural gas to Europe through Nord Stream, informs 4-traders.com. From Ukraine, the company began redirecting the gas intended for Europe to alternative transport routes such as the Nord...

Gazprom announced that this year it will begin production of natural gas and condensed gas from the Sakhalin oil field at Kirinskoye. For the first time, natural gas will be extracted underwater in Russia.

Russian company "Gazprom" has announced that it has completed the project documentation for a gas transit system intended to feed South Stream among others.

The commissioners of the CNVM did not make a decision on the disbanding of the Rasdaq, proposed through the draft instruction which stipulates the moving of the issuers listed on the Rasdaq to the alternative trading system of the Bucharest Stock...

The story of the failed privatization of Cupru Min is far from over. In fact, it is actually beginning to look more like the famous series "X Files".

The Romanian-Russian Chamber of Commerce (CCIRR) is in the process of implementing a strategy for the development of exports and economic cooperation between the two countries, valid until 2015.

Alpha Bank is assessing several equity bolstering measures, bank officials said yesterday, after the Greek press reported that the lender may sell 30% of its Eastern European countries, including the one in Romania, to the EBRD.

It is a priority for Romania to export to countries such as those of the Persian Gulf and Russia, economic analyst Ionel Blănculescu said, who considers that we should focus our exports on other areas besides the European Union: "Countries in...

Blinded by the way the Rasdaq market was created - on command - the CNVM of today can't even fathom that the fate of issuers after the disbandment of the market is regulated by the laws of the country, and is therefore reinventing the wheel,...

Russia is trying to return to a position of international monopoly in the energy sector.

Reporter: How would you describe the economic relation between Romania and Russia?

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...