The EUR/RON exchange rate seems to have been used again as a political weapon in a confrontation between president Traian Băsescu and the government led by Victor Ponta, according to some opinions expressed under the protection of anonymousness...

Had what prime-minister Victor Ponta - that we will have an economic growth of 2.7% this year, the highest in the EU, that we have the greatest GDP in history and the lowest deficit since the accession to the EU and that we have a far higher rate...

• Update 14:01 Ponta and Băsescu meeting today at 17:00 

The representatives of the National Bank of Romania (NBR) did not attend the reunions of the Supervisory Board of the European Banking Authority (EBA), for almost a year, according to the documents drafted at the end of each of those meetings.

Prior to the conference "The role of banks in the restructuring of companies" I wrote that it was "too late for the restructuring of bank loans". Unfortunately, it was only after I participated in the debates that I realized that...

The Financial Overnight Authority has suspended the operating license of "Harinvest" for 90 days, because the brokerage firm did not have sufficient funds to settle some transactions, and the Central Depository had to intervene through...

The new fiscal measures proposed by the government are likely to distort the market mechanisms, to increase the fiscal burden, which will be reflected at the level of every taxpayer, and are completely inadequate at the end of a major rewriting...

Today, the BURSA newspaper is organizing the third conference with the topic "The Role of banks in the restructuring of companies". The agenda of the conference is comprehensive and it is trying to answer some questions of major current...

Banks are more exchange houses than lenders, says businessman Ioan Niculae, the president of the Union the Council of Romanian Investors, who says that in the last few years, the relationship between banks and companies has "devolved".

The vice-president of the ASF, Mircea Ursache said he would propose to the Parliament the hiking of the holding limit for the stock exchange to 32.99%, up from its current level of 5%.

The violation of ethical principles by bankers was one of the main factors that led to the global crisis, meaning that the introduction of new rules and regulations will not be enough for a safer banking system, Henk Paardekooper, the CEO of RBS...

The commercial exchanges between Romania and China are shameful for Romania, says Mihai Ionescu, the secretary general of the Romanian National Association of Exporters and Importers (ANEIR), who said: "They sell us devices they manufacture...

The Businesspeople Forum of the China- South Central and Eastern Europe (ECE) was overflowing with optimism yesterday, leaving the impression that we would soon be swarmed with Chinese investments.

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...

The continuous deterioration of the loan portfolios have caused several banks to set up special divisions in charge of restructuring problematic loans, a tendency which is making itself felt in Romania as well.

"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...