English Section

The first buffalo farm has been built in the town of Pecica, in the county of Arad, near the Natural Park "Lunca Mureşului", following an investment of 600,000 Euros.

Three members of the Directorate of BCR Pensii were sanctioned by the Commission for the Oversight of the Private Pension System, due to operational problems (CSSPP), Mircea Oancea, the president of the Commission said, in an interview.

Investors will soon be spared from having to go to the offices of the tax administration to pay their taxes on capital gains, according to the draft of the letter of intent to the IMF, obtained exclusively by the BURSA newspaper.

The clawback tax in the pharmaceutical sector, which was introduced in the beginning of Q1 2012, has earned the state budget 282 million lei, money which will be fully used to pay the unrecorded invoices found during last year's stock taking,...

On May 3rd, that is one week after the passing of the vote of no-confidence which brought down the government, the Board of Directors of the TVR had a meeting and its members decided, upon the suggestion of Claudiu Brânzan, board member...

When it comes to their savings, two managers of "Microsoft Romania" say that they prefer mutual funds rather than direct investments in the stock market, mostly due to their risk profile.

The price of the mandatory takeover bid of "Protan" Bucharest (symbol: PRON) was not fairly set, the Association of Capital Market Investors (AIPC) considers.

"Good evening Budapest!", is the greeting which automatically gets the people of Bucharest riled. It has been heard in many pop - rock concerts which took place on the shores of Dâmboviţa and has sparked reactions from angry booing to...

Over 1,000 jobs in the IT and telecommunication area might be created in Braşov over the next three years, if the board of the German company T-Systems International GmbH, one of the global divisions of Deutsche Telekom, decides to open a branch...

The Romanian authorities did not notify "Roman Copper" concerning the current status of the privatization process of Cupru Min.

Fuel sales of Petrom dropped during the first three months of the year due to the unfavorable weather conditions of January and February.

The regional expansion of the business is a strategic point for NIS, a subsidiary of "Gazprom Neft". Romania is one of the countries which represent a priority, which presents a promising avenue for development, according to the...

The Ponta government no longer changed the targets assumed by the Ungureanu government when it comes to the privatizations in the energy sector and the private management implemented in companies subordinated to the Ministry of the Economy.

Reporter: What is the current stage of the relation between Romania and Japan?

In October 2011, "Gazprom" CEO Aleksei Miller announced the company's willingness to give a positive answer to the requests of the Romanian party to establish direct contractual relations fro selling natural gas to Romania, by...

The regional expansion of the business is a strategic point for NIS, a subsidiary of "Gazprom Neft".

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.