The government has decided to reduce the number of members of the Supervisory Board of the Financial Oversight Authority (ASF), set up on April 29th, from 17 to 11, through an emergency ordinance adopted yesterday.

The low degree of use of bank services in Romania is caused by the fact that an important segment of the population does not want or can not use the services provided by banks, says Radu Graţian Gheţea, the president of the Board of Directors of...

Two major foreign investors are courting Salrom for revitalizing the graphite mine in the county of Gorj. Amid the latest research in the field, the graphene obtained from the common graphite has created a veritable technological revolution, as...

Sorin Alexandrescu, the general manager of Antena TV Group, was placed on preventive arrest for twenty nine days, at the end of last week, following a ruling of the judges of the 1st district of Bucharest, upon the proposal of the prosecutors of...

The huge severance packages owed to the former overseers of the stock market, of private pensions and the insurance market (CNVM, CSA and CSSPP) - up to 19 times their monthly wage - is the "hot" topic which the Financial Oversight...

The privatization of the Romanian Post Office will resume after six months, the Government decided yesterday.

After the attempts to sell Oltchim and CFR Marfă, the privatization of the Romanian Post Office is the third biggest failure of the Government this year, as the privatization is over before it has even begun.

Sibex may drop the spot market, which is only hosting two issuers anyway (Sibex itself and Prodplast Imobiliare), if the shareholders approve the proposals for the General Shareholder Meeting scheduled for June 28th/29th.

The authorities seem to have decided to adopt the solution of postponing the payment of some of the green certificates to relieve the pain of the consumers' energy bills.

If you're looking to buy a villa, you might want to wait for a while. Soon, for a similar amount, you might be buying the Romanian subsidiary of a Greek bank.

The merger between Romtelecom-Cos-mote, as well as the listing of the shares of Romtelecom on the Bucharest Stock Exchange, may happen this year, according to sources from the telecommunications market.

The failure of the Proprietatea Fund (FP) to fully sell the stake of 1.77% of the shares of "OMV Petrom" (SNP) raises a lot more questions about why the investors have only been interested in 1.11%.

The elimination of tax havens all over the world will be a Herculean task, but that will bring huge benefits, says the president of the European Parliament, (PE), Martin Schulz, who went on to say that for that reason, the EU needs to promise...

In a case of "Let's give it another shot", the authorities are once again on the day when they are expecting prequalifying offers from investors interested in buying CFR Marfă.

African Consolidated Resources (AFCR) has officially announced yesterday that it has concluded an agreement with Remin Baia Mare in order to evaluate a mining partnership.

The European banking crisis is becoming increasingly interesting. Two Austrian banks have begun appearing increasingly often in the headlines of the press agencies, accompanied by losses of billions of Euros which they can cause to the...

The feasibility study for the thermoelectric plant which is scheduled to be built by China Huadian Engineering at Rovinari will be ready in September, said Laurenţiu Ciurel, the general manager of the Oltenia Energy Complex.

The owner of the football club Steaua Bucharest, Gigi Becali, former minister of defense Victor Babiuc and the former chief of the General Army Staff Dumitru Cioflină have been convicted by the five-judge panel of the Supreme Romanian court to 2...

Those who were worried that they might lose their money deposited with Bank of Cyprus România were unaware that the Romanian state itself through an institution of its own, had 24 million Euros deposited at the Cypriot branch, and the NBR could...

The authorities did not want a show at the privatization of CFR Marfă and they have succeeded - there won't be any show, but there won't be any privatization either ... for now.

The receivers of Oltchim (Rominsolv and BDO) are proposing to investors interested in acquiring the plant of Vâlcea to participate financially in the stage which precedes the reorganization.

The listing of Nuclearelectrica may be postponed again, for autumn, sources close to the situation are saying.

Online currency trades don't always take place in a safe environment, according to the analysts and managers of some of the brokerage firms that provide foreign exchange services.

Avicola Braşov ended the first quarter of this year with a turnover which increased 9%, from 27.8 million lei to 30.4 million lei.

The Bucharest Stock Exchange (BSE) posted a net profit of 1.53 million lei in the first quarter of this year, down 45% over Q1 2012.

The market for loans denominated in Swiss Francs (CHF) caught a breather over the course of the last month, given the continuous drop of the Swiss Franc compared to the other currencies.

Even though it is barely "born", after the "merger" between the Romanian National Securities (CNVM), the Insurance Supervision Commission (CSA) and the Commission for the Supervision of Private Pensions (CSSPP), the Financial...

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.