The elections at SIF Moldova are expected to the most heavily contested of those at the SIFs, as the main two sides have formed around Banca Transilvania, on one hand, and shareholder Mihai Rotaru on the other.

Dumitru Pârvulescu, recently elected president of the Supervisory Board of Transelectrica, has been accused by the press of holding this position even though he is being investigated by the prosecutors of Gorj for corruption and taking bribes.

Yesterday, the Deputies of the Budget, Finance and Banks Commission have postponed yesterday the debate and the approval of the draft law concerning the Government Emergency Ordinance concerning the taxation of the natural monopolies in the...

Businessman Gheorghe Iaciu has asked SAI Muntenia, the manager of SIF Muntenia, to add to the agenda of the General Shareholder Meeting of April 25-26th, the proposal to dismiss the current Council of the Representatives of Shareholders and the...

Last week, a mission of Israeli businesspeople, led by Mr. Zvi Oren, the president of the Association of Producers in this country, has made a two-day visit in Romania, in order to uncover the opportunities for investment on the local market.

The Mechel Târgovişte plant (symbol: COS) will lay off 512 of the approximately 512 of the approximately 2,000 employees, due to its reorganization of its activity.

Stere Farmache has ended his four year term as executive prime vice-president of Alpha Bank, but he will remain the president of Alpha Finance.

• "If we find a serious investor, by 2015 we may already have the airport", claims Mihai Pascu, the vice-president of the County Council of Braşov  

• The right of management of the Ministry of Development over the building has expired 

The tariffs of the BSE for brokerages will remain unchanged, following the failure of the management of the BSE, which was unable to get enough brokers together to meet the quorum of the general shareholder meeting, whose main item on the agenda...

The tariffs of the BSE for brokerages will remain unchanged, following the failure of the management of the BSE, which was unable to get enough brokers together to meet the quorum of the general shareholder meeting, whose main item on the agenda...

We have taken a major step last week to make Europe's 8.200 banks more solid and more transparent! After 19 months of negotiations, we have now gathered the elements of an agreement for a new deal for banks, putting in place the Basel 3 rules...

The former manager of Gelsor, Nicolae Popa, was sentenced in 2007, by the Court of Bucharest, to 15 years in prison in the case of the collapse of the National Investment Fund (FNI), together with Ioana Maria Vlas, a ruling which has remained...

Euro Insol, the receiver of Hidroelectrica, is currently talking to its creditor banks about the extension by a year of the repayment of some credit lines.

The Warsaw Stock Exchange rule out strategic alliances or unions with another European stock exchange, as its new president, Adam Maciejewski, said he was the supporter of a stronger social and economic European integration.

One customer of the Romanian Commercial Bank (BCR) yesterday sent the members of the Romanian Parliament a letter requesting the investigation of the activities conducted by the Romanian Banking Association (ARB), the Government, the...

The representatives of UniCredit Ţiriac Bank have announced that the lender is not considering any collective restructurings, in the near future, nor is it currently conducting any such process, even though rumors have been making the rounds...

The banks are no longer granting loans for the production of photovoltaic energy since the beginning of the year, when the first rumors began appearing concerning the change in the aid method - the drop in the number of green certificates and the...

One customer of the Romanian Commercial Bank (BCR) yesterday sent the members of the Romanian Parliament a letter requesting the investigation of the activities conducted by the Romanian Banking Association (ARB), the Government, the...

The representatives of UniCredit Ţiriac Bank have announced that the lender is not considering any collective restructurings, in the near future, nor is it currently conducting any such process, even though rumors have been making the rounds...

A draft law for the dismantling of the "Rasdaq", a market which is not considered regulated within he meaning of the European directives, has been submitted to the Senate by a group of 28 members of the Parliament, led by PSD MP Marius...

The oil markets were calm after the death of Venezuelan president, Hugo Chavez, was announced.

The state will put its real estate resources it still owns into a Fund intended to compensate the former asset owners whose properties were abusively seized by the communist regime, in an attempt to meet the deadline set by the ECHR for the...

The former property owners whose assets were abusively seized by the Communist regime will be compensated predominantly in kind, according to the draft of the new law on restitutions, which the government will present for the first time on Wednesday.

The accession of our country to Schengen creates problems on a European and dilemmas on a national level.

The shareholders of Hidroelectrica recently approved the filing of a lawsuit against the former board members and managers of the company, according to an announcement posted on the website of Hidroelectrica.

The major companies in the industry will be exempted from the payment of the green certificates, and the support scheme for the renewable energy makers will be adjusted starting this year even, sources from the Ministry of the Economy say.

Now that the end of the world through man-made global warming has been postponed, the administrative measures to counter the rising price of electricity have begun picking momentum on a European level.

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.

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...

Last year, BCR saw a total loss of 1.2 billion lei (277 million euros), amid the increase of loan-loss provisions, by 68.2%, according to bank officials.

Pope Benedict the 16th will be retiring today from the Vatican, a difficult blow received by the Catholic Church, but also by the supporters of the European integrationism and globalization.

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

Now that the end of the world through man-made global warming has been postponed, the administrative measures to counter the rising price of electricity have begun picking momentum on a European level.

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.