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According to its president, Radu Graţian Gheţea, the Romanian Banking Association (ARB) is considering the initiation of a draft law for increasing the awareness of the population about mediation, which would be submitted to the National Consumer...

Mediation is much cheaper and has advantages over the standard legal system, according to Dorin Valeriu Bădulescu, the president of the Mediation Council.

About 150 mediators, businesspeople, bankers and lawyers yesterday discussed the benefits and the challenges of the mediation process, bringing into discussion the opportunity of the new provisions of the Civil Procedure Code concerning this...

Reporter: Mr. Sebastian Vlădescu, what is your opinion concerning the huge losses suffered by the Romanian banking system in 2012 and what repercussions do you feel they will have on the Romanian economy?

Mediation contributes to creating long term relationships between the parties involved in the procedure, due to its non-aggressive nature, says Nicoleta Munteanu, the president of the International Mediation Center.

Romania will follow the schedule of the listings of the energy companies, as promised to the international financial institutions, said Constantin Niţă, the delegated minister for Energy, in his first interview since his appointment.

Some Romanian managers with a work expertise of about 11 years and an average age of 35 years are considering new opportunities for professional development, as this is the time when they meet foreign education.

In the mediation process, it is very important for mediators to be competent and dedicated, said Raluca Mihalcea, the personal advisor of Maria Grapini, the delegated minister for SMEs, Tourism and the Business Sector.

The people involved in a mediation process need to be very careful about the contents of the contracts, says Cristian Pârvan, the secretary general of the Association of Romanian Businesspeople (AOAR), who went on to say: "There are many...

Mediation in the financial-banking system could have nothing but beneficial effects in solving the disputes between lenders and borrowers, considers Tudor Tatu, the president of the Union of Banking Mediators.

Demand for mediation has substantially increased after February 15th, when the new Civil Procedure came into effect, which provides, among other things, the obligation of judges to advise the litigants to participate in the mediation procedure...

The imperative nature of the legal provision which makes it mandatory to attend the sessions of information about mediation, starting with February 15th, will be affected by the postponement of the application of sanctions for those who fail to...

The market wasn't ready for any step of the mediation procedure to be made mandatory, Mirela Iovu, vice-president of CEC Bank considers.

The Chamber of Deputies yesterday adopted the Government Emergency Ordinance 93/2012 concerning the creation, organization, and operation of the Financial Oversight Authority (ASF).

The proposals which were made concerning criminal mediation fall outside the scope of the law on mediation, and within that of the Code of Criminal Procedure, Ciprian Frandes, advisor to Deputy Alina Gorghiu explained.

Reporter: What is your opinion on the mandatory introduction of mediation, starting on February 13th, 2013, of the mandatory information concerning mediation?

Romania will follow the schedule of the listings of the energy companies, as promised to the international financial institutions, said Constantin Niţă, the delegated minister for Energy, in his first interview since his appointment.

Dan Paul, the president of the Romanian Association of Brokers, opposes the amendment of the pricing policy of the Bucharest Stock Exchange, as he considers that this policy would only work and attract liquidity in theory.

The "Mechel" Târgovişte metallurgic plant has filed for insolvency on Tuesday, for reorganization, after it was sold, together with the other assets which the Group had in Romania, to "Invest Nikarom" Bucureşti, in exchange for an...

Reporter: At the end of last year, you have expressed your opinion that you no longer wanted to sell the casino of Constanţa. On the contrary, you have said that you want to achieve a public-private partnership with a company interested in the...

This year, Petrom and its partners will interpret the data obtained through the completion of the seismic studies for the oil perimeters leased in the Black Sea.

The Budget Commission of the Chamber of Deputies has added two new members to the leading commission of the Financial Supervisory Authority (ASF), besides the 15 members it was initially stipulated to have, according to yesterday's amendments.

The stock market is rumbling, an increasing number of malcontents are appearing concerning the proposals of the current management of the Bucharest Stock Exchange.

The output of wind farms is mostly taken over by the national energy system.

The "Mechel" group yesterday surprised the entire market, through an announcement that it has sold the four plants it owned in Romania for the amount of ... 230 lei (about 52 Euros/70 dollars).

The Kazakh state is not willing to pay the face value of the historic debt of "Rompetrol", Mr. Remus Vulpescu, the representative of the Romanian state on the Board of Directors of Rompetrol Rafinare said yesterday.

Reporter: What is your take on the deal between the Romanian state and Rompetrol by which the state will sell part of its shares owned in Rompetrol Rafinare, with the price the deal has been concluded at being lower than the historic debt of 500...

• Act I: The privatization conducted by the National Peasants' Party 

Reporter: What is your opinion on the introduction, starting on February 15th, 2013, of the mandatory information sessions concerning mediation?

The information that "Ductil" Buzău (symbol: DUCL) summons its shareholders to decide on the distribution of additional dividends was received at the Bucharest Stock Exchange on Monday morning, but only reached investors at 16:46, after...

The investment funds of Franklin Templeton (FT), the manager of the Proprietatea Fund had shares worth almost 100 million Euros in companies listed on the BSE, according to a report by brokerage firm Prime Transaction.

The 3% turnover tax will be eliminated, Maria Grapini, the delegated minister for SMEs, Tourism and the Business sector announced yesterday.

The "Rompetrol" Group and the Romanian state have concluded on Friday a memorandum of understanding for terminating the dispute concerning the conversion of the bonds of "Rompetrol Rafinare" into stock, in favor of the Romanian...

The Supervisory Board of Transelectrica yesterday decided to replace Executive General Manager Andrei Benghea Mălăieş, information which BURSA published exclusively in its online edition.

About 100 employees of Oltchim and of the Arpechim petrochemical platform protested angrily yesterday at noon in front of the Ministry of the Economy.

The Supervisory Board of Transelectrica yesterday decided to replace Executive General Manager Andrei Benghea Mălăieş, information which BURSA published exclusively in its online edition.

About 100 employees of Oltchim and of the Arpechim petrochemical platform protested angrily yesterday at noon in front of the Ministry of the Economy.

• BRD had the first losing year in the last decade 

23 employees of the "Oltchim" plant are on hunger strike, starting on Tuesday, according to Corneliu Cernev, union leader, who went on to say, that at the moment, only 7-8% of the plant is still operational.

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.