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Starting in 2011, Oltchim has concluded with Astra Asigurări, an insurance policy of 10 million Euros against defective management of the plant, an amount which the managers of the plant are now requesting from the receivers of the plant.

The sale to KazMunayGaz (KMG) of about 25% of the shares owned by the Romanian government in Rompetrol Rafinare in exchange for 200 million dollars may be stuck in the Ministry of Finance, sources close to the situation say.

The collaboration between the Romanian and the Kazakh state, through the sale of a small stake of the block of shares which Romania owns in Rompetrol, to KazMunayGaz, the sole shareholder of the Rompetrol oil group, could connect Romania to the...

On the last monetary policy meeting, the NBR came up with a surprise by which it wants to convince us that it still holds a relevant position in the mechanism of an economy which is incapable of overcoming the recession.

The Romanian government will sell 26.69% of the shares it owns in Rompetrol Rafinare for 200 million dollars to The Rompetrol Group (TRG), controlled by KazMunayGaz (KMG).

The Association of Capital Market Investors (AIPC) has notified illegalities on the delisting of Instirig Balş (symbol: INGT), on the Rasdaq market.

Reporter: What is your opinion on the steps recently taken by Cyprus and what effects will they have on the Romanian banking market?

The authorities in Poland are cooperating with certain Romanian companies for their dual listings on the Warsaw Stock Exchange, according to Pawel Tamborski, subsecretary of state in the Ministry of the Treasury of Poland.

The attendance rate at the General Shareholder Meetings of the BSE can function as an exit poll concerning the support of the management of the BSE, whose symbol is Lucian Anghel, the president of the Bucharest Stock Exchange.

A few days ago, Welt am Sonntag published a statement by Kai Konrad, economic advisor to Chancellor Merkel, by which he expressed his doubt about the chances of survival of the unified currency for more than five years.

Yesterday, after the Romanian National Securities Commission (CNVM) approved the decision of the shareholders of the company to implement dual management, Mihai Fercală, the president of SIF Transilvania, said that he will "most likely gof...

The current situation in Cyprus has recently sparked a "bitter" between the Cypriot president Nicos Anastasiades and the governor of the French Central Bank, Christian Noyer.

The case of the suspension of the operations of the Romanian branch of Bank of Cyprus has raised questions over the status of companies that have accounts opened with banks and are required to pay their taxes to the government.

Romanian entrepreneurs have gone through and are still going through difficult moments, businessman Gruia Stoica, the president of Grampet Group and president of the Romania-Kazakhstan business board says.

The members of the Parliament have made it their schedule to validate today the membership of the Financial Supervision Authority, which will incorporate the Romanian National Securities Commission (CNVM), the Insurance Supervision Commission...

Romanian women can succeed in business just as well as men, in fact, sometimes, they can even do so with more responsibility and increased care for details, without making any concessions when it comes to quality.

George Băeşu, the president of the National Authority for the Restitution of Properties (ANRP), considers that the current law of restitution, for which the government has taken responsibility in the Parliament, is the only reasonable solution,...

A recent news from Reuters states that this year, Ben Bernanke will not attend the monetary policy conference held at Jackson Hole by the Federal Reserve Bank of Kansas City.

Obtaining the authorization for a connection between the Polish depository (KDPW) and the Romanian Central Depository, which should allow the listing of the Proprietatea Fund in Warsaw in the next six months, could be a very ambitious target,...

In the interview she gave to BURSA, Iwona Sroka spoke about the Polish approach in authorizing the Central Counterparty (CCP), an institution which is a European requirement for the settlement of derivatives.

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.

George Băeşu, the president of the National Authority for the Restitution of Properties (ANRP), considers that the current law of restitution, for which the government has taken responsibility in the Parliament, is the only reasonable solution,...

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...