Reporter: Mr. Young, how was, in your opinion, the year 2012, from economic and financial point of view, globally, regionally (Europe) and locally (Romania).

Poor Vergil Voineagu was dismissed on Friday by Victor Ponta from the management of the National Statistics Institute (INS), being accused of having made a huge mistake which caused the GDP for the year 2011 to be 21 billion lei than it actually...

The downward revision of the GDP for the year 2011 will change the economic indicators, as well as lead to the replacement of the National Statistics Institute.

The time has now come for the year-end assessments and for the forecasts for 2013. Like it has already become customary, Danish investment bank Saxo Bank has published its "outrageous" forecasts for 2013.

• The bank will have to pay 1 million lei to its customers 

The time has now come for the year-end assessments and for the forecasts for 2013. Like it has already become customary, Danish investment bank Saxo Bank has published its "outrageous" forecasts for 2013.

• In the summer, Chamber of Deputies member Ion Stan said that the Ministry of Defense launched a call for tenders "with a < < dedicated > > tender book, so that UTI would be the only bidder to upgrade HAWK missiles to the C3 level  

• The court has admitted the request of lawyer Ioana Sfîrăială to delete the record of the decision of the General Shareholder Meeting by which Franklin Templeton was appointed manager of the Proprietatea Fund 

• The bank announced that it would lay off almost 20% of its staff  

The creation of provisions represents the main risk for the Romanian banking system in 2013, which could to the drastic drop of the profitability of lenders, said Radu Graţian Gheţea, the CEO of CEC Bank, in an interview.

The prosecutors of the Department for the Investigation of Organized Crime and Terrorism (DIICOT) have announced yesterday that they are investigating a suspected fraud of 85 million Euros, which involves branch heads from several banks,...

Guarantee funds should also be included in the Financial Oversight Authority (ASF), which, if created, would bring together the Insurance Oversight Commission (CSA), the Commission for the Oversight of the Private Pension System (CSSPP) and the...

The prosecutors of the Department for the Investigation of Organized Crime and Terrorism (DIICOT) have announced yesterday that they are investigating a suspected fraud of 85 million Euros, which involves branch heads from several banks,...

• Interview with Felipe Gajardo, Trade Director of the ProChile Promotion Office of Eastern Europe 

In yesterday's meeting, the Government has approved the emergency ordinance which allows the updating of local taxes to match the inflation rate.

• Interview with Gabriel Sorbo, regional manager at "Western Union" - for Italy, Romania, Greece, Bulgaria, Malta and Cyprus 

Transelectrica was sued by one of its shareholders, Tudor Dimofte, who is disputing the switch from the single to the dual management system.

• The Russian group wants to come to Bucharest after the installation of the new Government 

Out of the approximately 7.5 million voters who attended the vote on Sunday, - almost 400,000 more than in the previous parliamentary elections - 4.3 million voted for the USL.

• Florin Georgescu, in the cards for leading the new Financial Oversight Authority 

• Interview with Gabriel Sorbo, regional manager at "Western Union" - for Italy, Romania, Greece, Bulgaria, Malta and Cyprus 

Banks expect a moderate tightening of corporate lending in Q4, especially in the case of long-term loans, compared to the third quarter, a report of the National Bank of Romania states.

The lack of interest of the local authorities, according to the statements of some investors, or the reduction of the funds available, according to others, have deprived the city of Galaţi of projects worth approximately 2 billion Euros.

Swedish company Usitall, which intended to invest over 200 million Euros in Romania in a plant for generating thermal energy out of waste, has dropped its plans, claiming lack of interest from the local authorities.

Traian Băsescu and Dan Voiculescu continue their remote dialogue as the electoral campaign is nearing the finish line, as greater or less important politicians at various levels are doing the same things.

• TISE wants to talk more about "Oil Terminal" than about "Oltchim" 

The shareholders of "Transgaz" Mediaş (symbol: TGN) are called, on January 17th, 2013, to decide the dismissal of Victor Alexandru Schmidt, the current chairman of the Board, according to a press release sent to the Bucharest Stock Exchange.

On Wednesday evening, BURSA journalist Adina Ardeleanu won the Award for the most critical article in the press concerning the stock market, in the 11th Edition of the Stock Market Awards, organized by the Association of Brokers.

• Tudor Ciurezu: "We have made a long term investment" 

Lawyer Ioana Sfîrăială is also summoning the authorities of the state to appear in court in a lawsuit against the Proprietatea Fund, with the first hearing set for January 14th, 2013.

In order to get exceptional results in the art of making wine, it takes about 20 years, said Dan Balaban, the manager of "Davino", who said, in an interview, that "good and solid markets aren't built over night, but over several...

• The Franc is weakening, as investors are betting on similar measures from other Swiss banks 

The introduction of negative interest rates on deposits denominated in Swiss Francs needs to be severe enough to reduce the inflow of capital into Switzerland, Romanian analysts consider.

We have an inefficient stock market, which has rules without any practical purpose, a market dominated by incompetent and starry-eyed brokers, considers Grigore Chiş, the general manager of SSIF Broker.

• The German press yesterday announced the acquisition of 70% of the biggest private railway in Romania by German company Deutsche Bahn 

• The project could lose Germany's participation 

On December 1st, 1918, on the National Assembly of Alba Iulia, consisting of 1228 delegates, who had the support of 100,000 people gathered at the event from all over the country, adopted a Resolution which consecrated the joining of all the...

The National Anti-Corruption Department (DNA) has a lot of work to do at Transelectrica, as it is currently conducting six investigations, market sources claim.

The Romanian banking must be granted a transitional period in the banking union, during which time it would apply prudential regulations stricter than the ones of the EU, Bogdan Olteanu, the vice-governor of the National Bank of Romania (NBR),...

The Emergency ordinance to amend the Law of the Audiovisual, prepared by the government and vehemently contested by the advertising agencies, was approved yesterday.

A weird moral issue has suddenly arisen yesterday, after the Ponta government approved amendments to the Law of the Audiovisual, through an Emergency Ordinance, amendments which free the radio and TV stations from the slavery which the...