English Section

Turkish PM, Recep Tayyip Erdogan, called Israel a terrorist state, following its bombing of the Gaza Strip.

To be or not to be (anymore), that is the question for the shareholders of Sibex, who have scheduled it for today to elect a new management, after the former CEO Cristian Sima, who some people no longer wanted as CEO anyway, was banned from the...

The changes in the life of SIF4 Muntenia, which occurred this year, bode well, considers Gabriel Filimon, chairman of SAI Muntenia Invest, the manager of SIF4.

• Q3 profit up 7.3% 

Europa Royale - the first hotel opened in Romania by Europa Group Hotel - is situated in a historic building in the Old Center of Bucharest, with an investment of 14 million Euros.

• One year after the departure from the BSE, Valentin Ionescu would like Sibex to be a derivatives, commodities and energy exchange  

Reporter: How affected do you think that Sibex was after "Sima scandal" in terms of image and operations?

• The plant of Vâlcea can not save itself through insolvency 

Oltchim will enter insolvency in January 2013, after the elections, said Remus Borza, the receiver of Hidroelectrica and head of insolvency firm Euro Insol.

• Arin Stănescu: "Banks did not even want to hear about any restructurings over the last two years" 

• The Insurance Oversight Commission (CSA) - called to report before the Parliament, by March 

The member states of the Eurozone which were hit the hardest by the sovereign debt crisis could use part of their gold reserves as collateral for the bonds they issue, according to a report quoted by the World Gold Council (CMA).

Electromagnetica reported a net profit of 14.58 million lei in the first nine months of 2012, down 14.4% YOY, and a net turnover of 327.1 million lei, down 15.26% over last year's similar period.

"Transgaz" Mediaş (symbol: TGN) has reported a net profit of 215.2 million lei, after the first nine months of the current year, down 24.19% YOY, according to a report sent to the Bucharest Stock Exchange.

With a team of over 95 lawyers, of which 20 partners in the office of Bucharest, "Ţuca Zbârcea & Asociaţii" has a secondary headquarter in Cluj-Napoca, which it shares with "Nistorescu, Şomlea & Asociaţii", as well as a...

• "Deal" trades with shares of the Proprietatea Fund have raised the liquidity of the BSE to levels which have never been seen in almost two years 

• MPG refuses to make the payment it owes the BRAT, as it is unhappy with its services  

• Investors and brokers are outraged 

One month before the elections, the government and the opposition launched a fierce debate over the name of the future prime minister.

• The immediate repayment in cash would require 16 billion Euros, which is unsustainable  

Wojciech Zaremba, the representative of PCC SE in Romania, yesterday succeeded in becoming a member of the Board of Directors of Oltchim again, according to sources from inside the company, after about two years of absence.

BRD, the second largest domestic bank in terms of assets, reported a net profit of 10.38 million lei after the first nine months of 2012, down 98%, compared to last year's similar period.

It may seem disrespectful, or just an attempt to sound catchy, intended to draw the readers' attention.

First of all manager, then owner of a label that has over 20 years of expertise on the domestic market, Radu Baron of RBA Records shared some of the secrets of the music industry. We can draw the conclusion that the music industry in Romania has...

• The immediate repayment in cash would require 16 billion Euros, which is unsustainable  

(Interview with Dan Simion, the General Manager of the Romanian Center for Promoting Trade And Foreign Investments - CRPCIS)

The United States of American attract dozens of Romanian entrepreneurs every year, who open businesses on the American market in varied areas such as IT, tourism, human resources or the food industry.

Turnover of IAR Ghimbav fell 61% in the first nine months of 2012, from 48.8 million lei to 19 million lei.

In October, the forex reserves of the National Bank of Romania (NBR) fell to 31.77 billion Euros, from 32.42 billion Euros on September 30th, according to a press release of the institution.

Remus Vulpescu, former head of the OPSPI (The Office For The State's Interests and Industrial Privatization), currently an advisor to the Minister of the Economy, Daniel Chiţoiu, kindly visited our newsroom and answered many questions about...

• The CBVM has shut down "WBS România", because the company was not recording on its books the operations it conducted in the accounts it had abroad 

Unlike other SIFs, the fights for power at SIF1 Banat Crişana took place behind closed doors, without any scandals, at least as far as the media was concerned.

• Băsescu: "At the present time, we won't sell the 10% stake in Petrom; we were lucky that we didn't sell in 2011"  

The Romanian Commercial Bank (BCR) saw a net loss of 762.5 million lei (172.1 million Euros) at the end of Q3 2012, whereas over the same period of last year it had net profit 67.6 million lei (16.1 million Euros), according to a press release by...

Investment fund "Abris Capital Partners", which entered the Romanian market by acquiring courier company "Cargus" from DHL, is considering investments of at least 20 million Euros in majority stakes in Romanian companies, but it...

• The bank is on schedule for the revenue targets, but it needs to be careful with provision costs, analysts say 

Investment fund "Abris Capital Partners", which entered the Romanian market by acquiring courier company "Cargus" from DHL, is considering investments of at least 20 million Euros in majority stakes in Romanian companies, but it...

• The leu risks a depreciation of 15-20%