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The Czech National Bank (Ceska Narodni Banka - CNB) yesterday approved the first sale of Czech korunas from its reserves in more than a decade, leading to a depreciation of up 4.4 of the Czech koruna (CZK) against the Euro, Bloomberg reports.

Illegal logging is one of the crimes which are the hardest to stamp out in Romania. Between 1990-2011 366,000 hectares forest were cleared, both on the forest districts of the state, as well on private properties, according to the investigation...

Romania and its economy are under an assault the likes of which it has never seen before since the onset of the financial crisis. No, it isn't the Huns, the Visigoths or other "tribes" which are migrating looking for a weak victim to...

"As a rule, in Romania we have become accustomed to looking to the major investors, to being concerned with whether they actually come in to invest, as they are the ones who should, allegedly, help turn the Romanian economy...

With its buyback offer in full swing, the Proprietatea Fund has been dealt a new blow by the Bucharest Court of Appeal, which has decided to invalidate a decision of the shareholders of the Fund, by which Franklin Templeton was appointed as the...

The government has pledged to the international financial institutions to take 15% of Hidroelectrica public, and 51% of Electrica in May-June 2014, and a stake in the Oltenia Energy Complex in Q4 2014.

The stock market showed signs of liveliness, with rising volumes and quotations, yesterday, in its first session after the results of the Romgaz IPO were announced.

• DILLEMA No. 1: IS IT POTRA IN THE PICTURE OR NOT? 

Small investors have set aside 941.59 million Euros for the Romgaz IPO, according to data sent in by the brokers by 18:00 yesterday.

The ASF has surprised the brokerage firms, yesterday, by asking them to urgently present the amount of their equity and their trial balances.

The 2013 Halloween will be a special one for Americans. The US citizens no longer need to look for horror in their movies, nor do they need their imagination to choose their Halloween costumes.

Russian company Gazprom, through NIS (the subsidiary of Gazprom Neft), began the construction of a chain of gas stations in Romania. NIS officials have announced that the number of gas stations will reach 120 at the end of 2015, following an...

• Update 15:00 Two more people have filed complaints 

It would be a very nice thing that the bank doesn't ask you what valuables you have put inside the safe deposit box, if those valuables didn't get stolen afterwards.

The banking union is a necessary exercise for the European Union, according to the vice-president of the European Investment Bank (EIB), Mihai Tănăsescu.

The Court of Bucharest yesterday decided to take into preventive custody for 29 days Ioan Mihăilă (member of the Supervisory Board of Hidroelectrica and advisor to Minister Delegate for Energy Constantin Niţă) and of Eugen Brădean (head of...

Dan Voiculescu, the founder of the Conservative Party (PC), is a name which is being mentioned again in connection with Oltchim, at a time when the authorities are preparing for a new attempt to privatize the company, this time through the...

The true test for the Romanian stock market is the Romgaz IPO, on which the hopes are pinned to help revive the liquidity and to draw in new investors and issuers.

Dragoş Bîlteanu, the president of SIF1 Banat Crişana, told us, in an interview, about the decisions which the management of SIF1 made since it began its term, as some of them were considered controversial by some voices in the market.

Joining together in cooperatives is a solution which could not only ensure the survival of small farmers in times of crisis, but also help them achieve far higher revenues, considers Sorin Minea, the president of the Federation of Professional...

Many businesspeople operating in the agricultural sector have lost financing contracts concluded as part of the National Program for Rural Development (PNDR), amounting to a total of 300 million Euros, according to the numbers provided by the...

The financing ability of the farmers represents the main obstacle for the market for farming equipment, said Narcis Somesfalean, the president Valtec Tractors România.

The new common agricultural policy is set to come into effect next year, and Romania doesn't have a program for national development, according to the statements of presidential advisor Adrian Rădulescu, who thinks that the blame for this...

Romania produces at least 4 million liters of milk each year, but very large quantities of milk do not enter the economic circuit, according to the president of the Romanian Professional Association of the Milk Industry (APRIL), Dorin Cojocaru.

The European Commission does not agree to the project promoted by the Romanian authorities concerning the sale of land to individuals, said Achim Irimescu, secretary of state in the Ministry Agriculture and Rural Development (MADR), and he said...

Lately, the Ministry of Agriculture has taken several steps when it comes to rural development. One of them concerns encouraging small farmers that have less than 5 hectares of land to associate.

There are still farmers in Romania working with equipment that belongs in a museum, according to Laurenţiu Baciu, the president of the Romanian League of the Farmers' Associations (LAPAR), who added that, even though it is the most important...

Almost 200 people have attended the "Profitable Agri-Business", organized by "BURSA".

This week, American company Chevron wanted to begin the installation of the rigs for the exploration of the shale gas in the Vaslui area, even though the authorities have not presented to the citizens so far, a study concerning the effects of...

Lenders are really interested in agriculture and that sectors represents one of the priorities of BCR Leasing.

The policies of commercial banks when it comes to lending to agricultural businesses subject farmers to all kinds of financial risks, according to Robert Rekkers, the CEO of Agricover Credit IFN, the financial division of Agricover Group.

The Romanian state has once again failed in its bid to privatize CFR Marfă.

International group Cargill recently announced a 41% drop of its profit in the first quarter of this year, amid a slowdown in the international grain trade following last year's drought.

After the agreement of American group Verizon Communications, to buy the 45% stake owned by Vodafone in their joint-venture in the US, the market has began fretting over the rumors that British group Vodafone may acquire Liberty Global (UPC), the...

The Proprietatea Fund (FP) will pay 1 leu per share in the program to buy back 4.35% of its own shares, at a price which is 34.22% higher than the current price in the stock market, meaning that the offer amounts to 600 million lei (134.4 million...

After recently securing the agreement of the authorities to install the first well in Bârlad, in order to exploit shale gas, American company Chevron has continued its steps for exploration in the county of Constanţa as well.

The decision of the management of SIF1 Banat Crişana to reduce its share capital has no legal power, considers Mircea Ursache, the vice-president of the stock market division of the ASF, who claims, however, that the SIFs should align with the...

The big consultant from Big Four who advised SIF1 Banat Crişana to create in Cyprus its holding for the stakes in the real estate sector apparently neglected to tell their client that being a listed company, it is required to report almost...

The Minister of the Economy, Varujan Vosganian, yesterday handed in his honorable resignation from the Government. Yesterday at lunch, after the request to begin prosecution against him was rejected in the plenum of the senate, minister Vosganian...

Reporter: What can you tell us about the construction of the in Piteşti-Pancevo oil pipeline, in which Oil Terminal is involved, along with Conpet, Gazprom and Transnafta?