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The Bank for International Settlements (BIS), also known as the bank of central banks, was one of the few institutions that issued warnings before the onset of the global crisis in 2007.

Published this week, the interview with Iulian Fota, the presidential advisor of president Traian Băsescu, sparked reactions among our readers.

Wesley K. Clark, former NATO general and currently honorary advisor to Prime Minister Victor Ponta, yesterday joined the investment group Blackstone Group, with the position of consultant in the energy sector, as well as director of Fisterra...

Presidential advisor on matters of security, Mr. Iulian Fota, granted us an interview, in which he discussed a series of issues which are stringent for Romania: the economic crisis, the deprofessionalization of the central administration,...

Grup Feroviar Român (GFR), controlled by businessman Gruia Stoica, is the only competitor left in the race for the privatization of CFR Marfă, after Transferoviar Grup, which was on the shortlist as part of a consortium with Austrian investment...

The government wants to make a maximum of 300-350 million lei (66-78 million Euros) for the stake of 10% of din Nuclearelectrica, which it will sell through an IPO on the Bucharest Stock Exchange, according to the statements made yesterday by...

The Financial Oversight Authority will be left with just 11 members, after the Parliamentary Commission of Budget-Finances and Economics in the Senate and the Chamber of Deputies yesterday fast forwarded through hearing and validating the new...

The appetite of Russian businesspeople for investing in Romania has shrunk lately, especially due to the difficulty they are encountering in speaking to the authorities of the state.

The European Bank for Reconstruction and Development (EBRD) is reviewing granting a syndicated loan of up to 96.6 million Euros to the company Land Power, controlled by Russian group Lukoil and ERG Renew of Italy, for the construction of a wind...

The stock market will have a hot week, with appointments at the Financial Oversight Authority and possibly at the top of the Bucharest Stock Exchange.

Do you remember the story of the boy who cried wolf too many times?

The excess regulation is one of the factors that have heavily slowed down the absorption of European funds, said Eugen Teodorovici, the minister of European Funds.

Reporter: How will we be able to get past the current absorption rate of 15%?

The members of the Parliament - the deputies and senators of the Budget and Industries Commissions - yesterday began closely poring over the activities of the regulator of the energy market (ANRE), which has presented its activity report for the...

Had my colleague Adina Ardeleanu not told me, on the 21st of last month, that Radu Soviani became the spokesperson of the Financial Oversight Authority (ASF), then I would still be thinking that he was simply the anchor of "The money...

Reporter: What do you think about the summoning of the General Shareholder Meeting for the disbanding of the Central Depository in order to have the Sibex group participate in the creation of the Central Counterparty?

The abjection "Why is Romania different?", a book by historian Lucian Boia, which owes its success among "Romanians" to the claim that "they" do not have a structured national identity (a paradoxical success, isn't it?!

Even though the issue of the aging of the population and of the strain it is putting on the state budget is no longer something new, the recent report of the European Commission (CE) concerning Romania's National Program for Reform has given...

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.