English Section

In the first semester, Banca Transilvania (BT) saw a net profit of 179.62 million lei, up 47% YOY, according to a report by the lender.

Fifty percent, plus one.

Since the introduction of structured products on the BSE, in July 2010, the volume of this type of traded products increased from 1.2 million, that year, to 12.1 million, last year, and 15.87 million in the first quarter of 2012.

The large number of non-performing loans at the Romanian Commercial Bank (BCR) has attracted the attention of majority shareholder Erste Bank, which asked the new management of the bank, led by Tomas Spurny, to implement a process of...

"Hidroelectrica" still doesn't have enough energy to honor its commitments, even though its receiver, Euro Insol, has decided to terminate the contracts with several energy traders, the so-called "clever boys".

From the presidency of Traian Băsescu we got a bad lesson:

The fact that Romania only has ten millions of citizens who are allowed to vote, could have been easily decreed by the National Statistics Institute even before the referendum, because the Institute is subordinated to the Government and it would...

Slumping under the mink fur and the leopard bonnet, one bandy old lady, in good clothes, was moving heavily, in a cane, below the columns of the Palace Room, through the 38 degrees of the afternoon, on the Sunday of the referendum.

The biggest athletic competition in the world, in all respects, will be officially opened today in London.

The replacement of the management of Sibex was asked by a group of shareholders who own 5.6375% of the company together, as they are unhappy with the results of the Sibiu exchange, since the appointment of Cristian Sima as CEO.

A few million (?) votes were thrown in the negotiation between the National Council of the Romanian Civil Society (CNSC) and USL, in exchange for a list of terms, which includes several shocking ones, such as for instance the disbandment of the...

The teensy hope that Traian Băsescu had that he would succeed in tipping the balance of votes in his favor, to at least allow him to prevent the Referendum from being validated, so he could return to Cotroceni "almost legitimately" was...

"Evenimentul Zilei" yesterday wrote that two days ago, 30 people protested peacefully, bearing banners with slogans such as "The function of the press is to inform, not to manipulate", "You are manipulating people with the...

• Daniel Chiţoiu, the minister of the Economy: the contract can be made public at the request of the ANRM. The company must also be consulted.  

• The key question: What will happen to the liquidity of the BSE after the Proprietatea Fund gets listed in Warsaw?  

• The company expects an annual turnover increase of 10% over the next 3 years 

• The leu, at a record low against the Euro - 4.6397 lei/Euro 

The teensy hope that Traian Băsescu had that he would succeed in tipping the balance of votes in his favor, to at least allow him to prevent the Referendum from being validated, so he could return to Cotroceni "almost legitimately" was...

I will review the seven battles I have uncovered as part of the political war which precedes the Referendum.

• The shares of the Greek lender will be acquired by the Latsis family - its main shareholder 

• Călin Rechea: The intervention of the NBR would only have limited effects 

The exposure of foreign banks to Romania has increased in the first quarter compared to the end of last year, according to a report by the Bank of International Settlements (BIS).

The date for the sale by the Romanian government of a 15% stake in Transgaz will be notified this week, the Minister of the Economy, Daniel Chiţoiu said on Friday.

I will review the seven battles I have uncovered as part of the political war which precedes the Referendum.

In a period of economic crisis, when the main problem behind the economic recovery is trust, Romania has just destroyed its chances of a quick economic recovery, by destroying its most important equity: the trust of its partners on its path to...

The Bucharest Stock Exchange has appointed Victor Cionga, managing partner at AZ Capital Inves-tors, as CEO, and he will now be awaiting for the validation of the CNVM.

The Court of Constanţa has cancelled several decisions of the General Ordinary Shareholder Meeting (AGOA) of the sunflower oil maker "Argus" Constanţa (symbol: UARG), according to a report sent to the Bucharest Stock Exchange (BVB).

In a period of economic crisis, when the main problem behind the economic recovery is trust, Romania has just destroyed its chances of a quick economic recovery, by destroying its most important equity: the trust of its partners on its path to...

• The company has to repay a loan to the Romanian Commercial Bank (BCR) 

Romania has registered some improvements in the area of justice, but the extraordinary events which happened over the last three weeks have shaken the faith of the European Union (EU), the president of the European Commission (EC), Jose Manuel...

The Romanian National Securities Commission (CNVM) has rejected the challenge filed by SIF3 "Transilvania", by which the latter was requesting the partial revocation of the CNVM ordinance issued in August 2011, which had suspended...

Just like all the actions which Dan Voiculescu gets involved in, the blitzkrieg to overthrow Băsescu from his chair in the Cotroceni was launched stupidly, at in an inopportune time and even though it had all the elements needed to succeed - a...

I wanted to prove my cleverness for once and to show how our country is being turned into a laughingstock by the lies of president Antonescu and of Ponta.

The campaign for the referendum has radicalized the public speech of the politicians to the extreme.

All of a sudden, according to the BBC, the referendum has become this month's trend, and it is not necessarily the best opponent that wins.

(Interview with the National Physics and Nuclear Engineering Institute "Horia Hulubei" - IFIN)

The intelligence services were aware of the plan of the USL to take over the power, at least as early back as February/March, but a few clues suggest that Traian Băsescu had been informed about their preparations ever since September/October last...

The strategy of the Romanian Italian Bank (BIR) will focus on Romanian and Italian Small and Medium Enterprises (SMEs) alike, and on the network which they interact with (consulting firms and the consulting firms and liberal professions...

Seriously spanked in Brussels, prime Minister Victor Ponta announced on Wednesday night that the referendum concerning the dismissal of the president will take place according to the decision of the Constitutional Court - which involves the...

• The ordinance which caps fees would have been applicable to ongoing loans as well, according to the Court of Justice of the European Union