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Over the last trading sessions, Manchester Securities, a company controlled by American hedge fund "Elliott Associates", has acquired over 73 million shares of the Proprietatea Fund (FP), representing over 0.5% of its share capital.

The government in Zimbabwe only has 217 dollars in its treasury, after paying the wages of the employees in the public sector, Finance minister Tendai Biti said, quoted by AFP.

The appeal filed by the creditors to the ruling by which the "Fortus" Iaşi plant was declared bankrupt, will be tried tomorrow by the court.

• The privatization of "CFR Marfă", the secondary offering for "Transgaz" and the selection of the intermediary for "CE Oltenia", are some of the objectives which must be achieved 

Many analysts, economists, citizens and journalists, have constantly been asking since 2009, why the profitable companies of the state, especially the ones in the energy sector, have to be privatized.

• The reason: the initiative to transform the Rasdaq into the ATS  

A so-called "open letter", which contains attacks against Daniela Mihailescu, the head of the CNVM, has caused a commotion in the domestic stock market, at the end of last week.

There is a chance that, in the not so distant future, the diagnosis and treatment of many serious diseases, including cancer, will be far more effective, but also accessible to a broader number of patients, thanks to the invention of Latvian...

• Next month, Kevin Costner will return to shoot at Râşnov 

After more than twenty years of stagnation and increase in its public debt, Japan appears ready to break this vicious circle.

• Robert Roşu, the lawyer of MBD: "The decision has no impact on the right of ownership of < Cathedral Plaza >, because the owner of the building has not been summoned to appear in court and has not been a part of this lawsuit" 

• Yesterday, the Government decided to have the plant file for insolvency, just like "BURSA" has announced since last week 

• Andrei Ştefan (the son of Dinu Patriciu), Adrian Vasile and Peter Imre have sued him to recoup money they were owed 

The Ministry of Public Finances (MFP) yesterday posted several legislative drafts on its website, of which three concern the energy and natural resources market.

In the first eleven months of last year, Romania has seen direct foreign investments of 1.440 million Euros from non-residents, compared to 1.388 million Euros, in the similar period of last year, according to a press release of the National Bank...

• The Executive of the County Council has decided not to resort to investing on its own or to a public-private partnership to accomplish the second stage of the investment objective 

The sale on the stock exchange of a 15% stake in the shares of the national gas carrier, Transgaz SA, will take place by the end of April, the General manager of the Office For The State's Interests and Industrial Privatization (OPSPI),...

• Interview with Daniel Kearvell, Managing Director "DHL Express" România 

Requests for banking mediation received and solved by the Union of Banking Mediators fell over 90% last year, said Tudor Tatu, the president of the Union of Banking Mediators, in an interview.

Even though the police and the Romanian Intelligence Service (SRI) prevented him from going up in flames at Piatra Neamţ, had he turned on his ignition, which three dudes were caught placing a bomb under, Bogdan Mararu wasn't nominated for...

• Interview with Mr. Bogdan Chiriţoiu, the president of the Competition Council 

• Shares of BCC have risen 32% in the last few days 

• Interview with Mr. Bogdan Chiriţoiu, the president of the Competition Council 

• The shareholders of the Warsaw Stock Exchange will decide the fate of Ludwik Sobolewski as head of the Stock Exchange, on January 17th 

Grup Feroviar Român (GFR) (Romanian Railroad Group), a company owned by the "Grampet Group" corporation, controlled by businessman Gruia Stoica, is interested in the privatization of the Bulgarian railroad freight company.

• Deadline much too optimistic, market sources say 

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

Citizens who woke up at 3 a.m, in the first days of 2013, to pay their taxes ahead of time so they could receive a discount, may have the surprise to see that they have nevertheless paid more than they should have.

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,...