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Starting with January 2013, Dutch banker Robert Rekkers is the general manager of Agricover Credit IFN, after he was appointed a non-executive member on the board of directors of Agricover.

The acquisition of ATE Bank România by Dorinel Umbrărescu is the result of the desire to lay the foundation of a lender with domestic capital that would serve the interests of entrepreneurs in Romania, said Marinel Burduja, former first...

The extravagant Italian designer Roberto Cavalli, yesterday arrived in Romania at the official inauguration of the boutique that bears his name, located in the "The Grand" gallery within the Marriott.

The Central Bank of Cyprus yesterday rejected the bids submitted by Banca Transilvania and Raiffeisen Bank for the total or partial takeover of the Romanian branch of Bank of Cyprus, according to sources, quoted by Mediafax.

The acquisition of ATE Bank România by Dorinel Umbrărescu is the result of the desire to lay the foundation of a lender with domestic capital that would serve the interests of entrepreneurs in Romania, said Marinel Burduja, former first...

The government yesterday assumed responsibility before the Parliament, for the new version of the restitution of the plots of land and the immovables which were abusively seized by the former communist regime, after weeks of talks, interventions...

The Romanian state has earned 72 million Euros from the sale of the 15% stake in "Transgaz" that was offered to investors through the Bucharest Stock Exchange.

Bucharest hotel owners have seen slight increase in turnover last year, compared to the previous years, as several factors, (economic, domestic, social) helped this outcome.

The restrictions placed in Romania by "Bank of Cyprus" violate the elements of the right of ownership stipulated in the Civil Code of Law, namely possession, right to use and the right of the owners to dispose of their goods as they see...

The offer of government to sell 15% of "Transgaz" (symbol: TGN) ended yesterday at 13:00, but the brokers did not announce its outcome until the closing of the edition.

After about three months at the helm of CFR SA, Dimitris Sophocleous has resigned from the position of private manager of the company, due to the fact that the Minister of Transports has rejected the administration proposed by the Board of...

Just a few days after the ides of March, the barbarians have crossed the Rubicon into Aphrodite's island.

The Romanian exchanges do not offer the adequate framework for the trading of the SIFs, considers Dinu Marian, the president of the Board of representatives of shareholders of SIF4 Muntenia, which is putting out there the idea of listing the SIFs...

The management of a company should comprise mostly people with direct business experience, whereas the stock market and the BSE have mostly people who have never led a private business as decision makers, says Siminel Andrei, the president of the...

The government in Luxemburg has announced that it will begin conducting data exchanges with the other countries in the European Union (UE) concerning the accounts owned in its banks by European citizens, thus changing its policy on banking secrecy.

The European Union is proposing using deposits to recapitalize distressed banks.

Saudi Arabia has important opportunities for the Romanian businesspeople in Romania which want to develop projects in the Gulf-based state, especially in the construction segment, where it has scheduled investments amounting to billions of US...

Adrian Vasilescu is persistent.

Revenues from the oil industry, similar to those made by the countries in the Middle East, as well as the generous state welfare model are slowly but surely affecting the Norwegian economy, threatening the biggest success story in Western Europe,...

The receivers of Oltchim Râmnicu Vâlcea, Gheorghe Piperea and Niculae Bălan, have completed the preliminary list of the company's creditors, which has led to major surprises concerning the receivable of the AVAS.

In February, Romania's trade deficit reached the lowest level in the last ten years: 917,3 million lei (208.2 million Euros), down almost 1.3 billion lei (301.1 million Euros) YOY, according to the estimates made by the Romanian National...

Europe is going through a new crisis in the food industry, caused by the misleading labeling of fish, meaning that expensive fish is replaced with cheaper varieties, of lower quality.

OPCOM, the manager of the Romanian energy exchange, is wholly owned by Transelectrica SA, the national electricity transporter.

The privatization of CFR Marfă is the way for the state to clean up again the debts of CFR SA, after it erased the almost 4 billion lei of debts which CFR owed to the state budget, by converting it into shares.

Yesterday, at the Parliament's palace, the United Arab Emirates have inaugurated the exhibition, "Dubai - the Capital of the World Exhibition", on which occasion Romania has announced its support of Dubai in hosting the International...

Businesspeople in Romania see the United Arab Emirates (EAU) as a bridge towards emerging markets in the entire world, and especially in the Middle East, especially as the Western world will provide increasingly fewer opportunities for business...

Yitzhak comes to Rabbi Eugen Dijmărescu bringing him two geese as a gift and says, while trying to anxiously catch his breath:

Cyprus' Central Bank yesterday decided to suspend for a week, of the operations of the Romanian branch of Bank of Cyprus (BoC), starting yesterday.

The tensions within the BSE which came out through the dismissal of Chairman Victor Cionga, could affect the perception of our stock market and could even endanger the schedule of public listings which was agreed with the IMF, and which was...

The development of Nabucco is at similar stages in all countries of transit, both when it comes to the legal, regulatory and political support, as well as the design and authorization stages.

"Arădeanca" Arad, the biggest doll maker in Romania, which had a 60% market share, entered bankruptcy after the reorganization plan was rejected by the creditors.

The problem of Oltchim is about to blow up in the face of the authorities, which have achieved no results with their plan to resume operation of the plant - obtaining a loan of at least 10 million Euros from the creditor banks and obtaining the...

Three worrisome incidents:

Marfin Bank România, the Romanian subsidiary of Cyprus Popular Bank, which will be closed down, is not affected by the agreement between Cyprus and the international financial institutions, officials of the Romanian bank and Nicolae Cinteză, the...

Our court recently took the first step, after almost 22 years, in the lawsuit filed by Prince Paul in order to acknowledge the first born of the Romanian Royal family.

This week, for the first time, the BRICS countries will meet on the African continent, in Durban.

For two weeks now we have been waiting for the names of the farms and milk processors where milk infested with aflatoxin was found, a cancer-causing substance which can affect our health.

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...