The receivers of Oltchim (Rominsolv and BDO Business Restructuring) yesterday night signed a letter of intention with the officials of Baota Petrochemical Group and Junlun Petroleum for the participation of the consortium of Chinese companies in...

"Franklin Templeton" will remain in charge at the Proprietatea Fund, for a new two year term, but from now on, there will be a sword hanging above its head.

A number of 22 trains (20 of CFR Călători, one of CFR Marfă and one from Transferoviar Grup) were held last weekend in the railway stations, being temporarily restricted from using the infrastructure, as they had not paid their infrastructure...

The accounts of the National Authority for the Restitution of Properties (ANRP) were frozen this week, Mr. George Băeşu, the president of the institution said. Thus, an assignee from Cluj has successfully garnished, for almost 2 million lei, the...

The Central Depository was forced to use 500,000 Euros, half of the Guarantee Fund it manages, after brokerage firm "Harinvest" did not have the money needed to settle some trades involving structured products issued by Erste Group.

The IPO of Romgaz has split the Romanian stock market down the middle. An important part of the market community considers the IPO a success.

Nicolae Cinteză, (ed: note: cinteză - chaffinch) the head of the oversight department of the Romanian National Bank (BNR), will appear, on December 9th, before the subcommission in charge of investigating if the activity of CEC Bank was in...

Romania has pledged to the European Union, to have renewable energy (obtained using wind, sun, water, biomass and biogas) reach a weight of 24% of the total gross national consumption, in 2020.

The SIFs are the ones that have the most to lose following the changes in the management of Sibex, says Mihai Fercală, the executive chairman of SIF3 Transilvania, after Dan Simionescu, who had been backed by SIF3, was dismissed from the position...

Mexican group Sigma Alimentos, part of the Alfa conglomerate, wants to acquire Spanish meat processor Campofrio, which also has operations in Romania.

Traian Berbeceanu, the head of the Anti-Organized Crime Squad of Alba Iulia, arrested in October for acts of corruption, made a surprising statement about the infiltration of the criminals in the structures of the state: "Lately, we are...

The public disagreement between president Traian Băsescu and prime minister Victor Ponta concerning the acquisition of a plot of land in the county of Călăraşi by one of the daughters of the president seems to be causing collateral damage, namely...

"In 2013, Romania will have the biggest GDP in history (the GDP of 2008 will be exceeded)".

Following the article published today (ed. note: November 13th) in Bursa called "A way for Lucian Anghel to become Goldman Sachs" we want to make some important statements.

I am trying to remain serious, despite the fact that I am about to burst into laughter, even though I respect Mrs. Ileana Botez (we go back quite a bit).

"We can celebrate, we can congratulate each other, but let's not get overexcited" - that could have been the slogan for the event of the decade - the IPO of Romgaz - on the Bucharest Stock Exchange.

The central bank and the US government have allocated trillion dollars to save the American banks at the peak of the crisis.

The Romanian equity saw its dream come true: trading of Romgaz shares, the largest gas producer in Romania will begin today.

The Ministry of Transports has agreed with the CEO of Tarom, Christian Heinzmann, for him to stay on as a CEO purely for reasons of public perception, said Dan Pascariu, the former chairman of the Board of Directors, and he stressed that the...

The sanctions which the European Union is applying to Iran are not only affecting Iran, by the EU itself as well, as its trading partner, says Javad Amin-Mansour, the head of the Department for Trade Negotiations and Energy of the Iranian...

The lack of mutual understanding represents the main hurdle to improving the relations between Iran and the Western countries, says His Excellency Bahador Aminian Jazi, the Iranian ambassador in Romania.

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.