English Section

• BRD had the first losing year in the last decade 

The Office For The State's Interests and Industrial Privatization (OPSPI) has announced yesterday that it will be accepting submissions until March 13th, inclusively, for the seats on the Boards of Directors of Romgaz, Transgaz and...

Banca Transilvania yesterday announced a 40% increase in its profits for the year 2012, to 320.43 million lei, a performance which brokers consider surprising.

Tax evasion is booming, as it is spread in almost every sector, Felicia Pop, general commissioner of the Fraud Squad said in an interview.

Pope Benedict the 16th has announced his resignation starting with February 28th.

The Bucharest Stock Exchange has concluded the last quarter of 2012 with a loss of 0.46 million lei, after posting a profit of 1.15 million lei in the similar period of 2011, according to the preliminary statement published yesterday, meaning...

Romania's total private debt is about 70% of the GDP, Nicolae Lazea, the chief-economist of the NBR said yesterday in a press conference.

• The BCR union: "The first layoffs are set to be announced on February 22nd"  

• The Ministry shrugs its shoulders 

• Lucian Anghel: "Many projects that we are working on will complete in the long run" 

• The alternative of initiating a draft law is the most likely to happen 

• Starting in September, the derivatives markets will no longer be allowed to function without Central Counterparties with a minimum capitalization of 7.5 million Euros 

• The Govora electric plant can no longer supply electricity to Oltchim, starting with February 15th 

• The government wants approximately 60 million Euros for CFR Marfă, with a participation collateral of 10 million Euros 

• The company wants to turn its former shoe manufacturing facility into an office building, banking on the development of the Timpuri Noi area, once the real estate project of the Ikea group completes 

The authorities have once again taken the first step towards the process for the sale of National Railroad Freight Company - they have posted on the website of the Ministry of Transports the Strategy for its Privatization, a draft which will be...

• Wojciech Zaremba - one of the special administrators of the plant  

After months of speculations in the Dutch press, the financial group SNS Reaal NV has been nationalized.

• Gherguş, of the Association of Brokers: "Even the level of solar explosions could be used to statistically justify the increase of the fixed fees of the BSE" 

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.

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...