English Section

After several years where Romania has seen a deficit in its foreign trade with the USA, last year, it has seen a trade surplus of 251 million dollars in the bilateral relations between the two countries.

Banca Transilvania is at an advanced stage of the talks to select a new CEO, after the position remained vacant, in the beginning of this year, after the resignation of Robert Rekkers, Horia Ciorcilă, the chairman of the Board of Directors of BT,...

Interview with His Excellency Mr. Sami Shiba, Ambassador of the Republic of Albania in Bucharest

The Final of the Europa League, which will be held next week, on May 9th, has succeeded in attracting the attention of all of Europe to Bucharest, with the Spanish being the most interested.

The former minister of Finance Bogdan Drăgoi yesterday came on TV to tell us that the Budget has enough money to bring back the wages of the public sector workers to what they were before they were cut by 25%, in an attempt to deny the statements...

If "journalists must regain the respect of the public", which is how the Romanian Press Club has titled its address, published on the occasion of the World Press Freedom Day, then that means that the journalists have lost the respect of...

• Blănculescu: An ideological cocktail in the government may generate a positive feeling in the business environment 

Like never before, there was no scandal at the General Shareholder Meeting of the Bucharest Stock Exchange, all of the proposals went through without any objections, and the extraordinary shareholder meeting wasn't even held due to a lack of...

The European Union tacitly advises the member states to keep its economic relationships with China to a minimum, according to Nicolae Vasilescu, the president of the Romanian-Chinese House.

Interview with Nicolae Vasilescu, the president of the Romanian-Chinese House

The United Arab Emirates (EAU) represent the first trade partner of the Gulf Cooperation Council Area (CCG) and the third in Africa and the Middle East, said Lucian Bode, the minister of the economy, trade and business environment, who stressed...

The shareholders of the ProprietateA Fund yesterday held three General Meetings, approving the reduction of the share capital, the buyback of 8% of its shares, a dividend of 0.03854 lei/share and reaffirming once again all the decisions made in...

The call for tenders held by "Metrorex" for legal services afferent to the expropriation of the buildings needed to expand the subway network was suspended by the National Council for the Solving of Contestations (CNSC), following the...

Foreign investors have come to Romania so they can see on site what the Proprietatea Fund has in its portfolio, especially since in the beginning of the month, its shareholders have asked for the speed-up of the liquidation of its holdings.

French retailer "Carrefour" may exit the Romanian market, according to Retaildetail.eu, which quotes a report by ING.

The receivable of "Oltchim" against the AVAS will also include the interest pertaining to the 2007-2011 period, after the shareholders of "Oltchim" (OLT) yesterday approved the private law agreement concluded in that regard on...

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.

The short list with the names of those who will enter the competition for the position of CEO of the Bucharest Stock Exchange could end up on the desk of the management of the BSE in two weeks, according to some stock market sources, who wished...

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.