In order to have an increasingly effective management of the EU funds, the procedures must be made simpler and compliance must be increased, according to Claudia Ionescu, the head of the Bucharest - Ilfov Department for Regional Promotion and...

Entrepreneurs demand simple procedures, shorter deadlines, transparency and efficiency in the process of absorption of European funds. Cristina Chiriac, the president of the National Association of Entrepreneurs (ANAA), said yesterday: "As...

Romania could have a bank for development by turning CEC Bank or EximBank into one, Eugen Teodorovici, the minister of European Funds, said yesterday. He explained: "Such a decision must be made by the Ministry of Public Finance and is being...

Prime-minister Victor Ponta promised he would intervene on the decision to implement special constructions tax, nicknamed the "pole tax", starting with January 1st, 2015, if it is proven that after the second deadline for its payment,...

New financial resources for the co-financing of projects, such as loans, loan collaterals or risk capital are needed, says Silvia Ciornei, the president of the National Fund for the Guarantee of Loans for Small and Medium Enterprises (FNGCIMM)....

Banks are striving to identify the solutions that would lead to a better absorption of European funds, said Ramona Ivan, head of the Department of Foreign Relations and Structural Financing of CEC Bank.

Romania still has a major difference between the value of the European projects for which contracts are signed and the amounts that are effectively attracted from the European Union through the paid amounts, says Cristian Pîrvan, the secretary...

The Association of Generic Medicine Producers (APMGR) asks premier Victor Ponta to involve directly in the elimination of the institutional blockages that prevent the introduction of clawback tax differential calculation, "a measure that if...

The degree of absorption of European funds has increased spectacularly lately, when comparing it to the 2010-1012 period, according to Teodora Paşa, head of the Department for Structural Funds of Alpha Bank România, who thinks that, in terms of...

Romania could become an emerging market within at most a year or a year and a half, according to a statement by the representatives of the Association of Fund Managers (AAF). Last year, this industry had the highest growth rate since the...

The International Monetary Fund (FMI) has postponed until November the evaluation of the agreement concluded with Romania, prime-minister Victor Ponta announced yesterday.

The IPO by which Electrica puts up for sale 51% of its shares will begin at prices ranging between 11 lei/share and 13.5 lei/share. The company wants to raise a minimum of 435 million Euros, Răzvan Nicolescu, the Energy delegate minister said...

Adrian Sârbu's line is great: "Victor Ponta is not the first nor the last Romanian politician that mistakes the media for the Disneyland of propaganda once they have gained power ".

The procedures related to update with new molecules of the list of compensated and free of charge drugs are in course of implementation and a part of the health system problems will be solved, according to the statements made by the Ministry of...

The state has targeted first and foremost foreign institutional investors for the IPOs of energy companies on the Bucharest Stock Exchange, while statistics show that Romania's population has over 30 billion Euros in savings.

Reporter: How do you think the IPO of Electrica will influence the Romanian stock market, as, even after the listing of Romgaz and Nuclearelectrica, the liquidity of the BSE has remained low?

The presentation of the daily turnover of the BSE in the trading summary displayed on the webpage of the Bucharest Stock Exchange, as well as in its monthly, quarterly and annual statistics, including in the reports sent to investors are all...

SIF5 Oltenia has filed a lawsuit against Banca Comercială Română (BCR), requesting the cancellation of a decision of the General Shareholder Meeting of April 28th, which would have allowed the bank to dilute the 6% stake of SIF5, starting with...

The implementation of the European directive concerning energy efficiency (ed. note: measures intended to reduce the consumption of energy and natural gas) in Romania will create a market of approximately 5 billion Euros, several experts in the...

The new Board of Directors of the National Bank of Romania will receive the Parliament's vote this month, even though the current terms of its members expire at the end of September, prime-minister Victor Ponta said.

Mr. Aurel Cazacu is currently the owner of "Criabo Defense&Security", a company which, together with Romarm, manufactures, at the factory of the Cugir Military Unit, the GM6 Lynx multifunctional firearm, which is intended both for...

The coagulation of the right, namely the merger between the PNL and the PDL, as a counterweight to the left - PSD-UNPR-PC - is more of a communication strategy intended to counter the speeches being made in favor or against Ponta/PSD or against...

The management of the Bucharest Stock Exchange did not accept the request of BSE CEO Ludwik Soboleski to have the CEO of the Central Depository, Cristian Agalopol fired, according to some market sources.

The shareholders of Băneasa Investment SA, the company controlled indirectly by Puiu Popoviciu, which developed the notorious Băneasa project in the Northern area of Bucharest recently approved the plan to request from the state facilities for...

The unionists of the Port of Constanţa are accusing the local authorities of wanting to pull one last "real estate scheme", through the government's intention to transfer the ownership of 13% of the shares of the Port of...

Our sociologists have waited with bated breath, but not the results of the elections for the European parliament, as we would have expected, but rather the wondrous exit-poll of the "The Infopolitic Center for Studies and Research"...

Sociologists were expecting a voter turnout of less than 30% for yesterday's elections for the European Parliament. Whereas for the politicians, this ballot represented a test prior to autumn's presidential elections, citizens are not...

I've been reading for a while the press release of the SAR about "the Launch of the Coalition for a Clean Mass Media (CPC)" and I just can't get myself to tackle the subject, because I can't make up my mind on how to come at...

Vote attendance at the Europarliamentary elections promises to be ridiculously low, perhaps the lowest in the history of Romania (at any rate below 30%). That says a lot about the cheap and ridiculous politicking that is deprived of vision, and...

Even though they have banded together into an entity whose goal is to discuss with the authorities the issues investors are faced with, businesspeople now find themselves needing to publicly protest against the tax on special constructions, as...

The Ordinance concerning the tax on special constructions has major problems that can't be solved by the clarifications passed yesterday in the government meeting, representatives of the business sector told us.

Suspicions concerning foreign interests are once again being brought up, following the proposal to shift a 13% stake of the Port of Constanţa from the Ministry of Transports to the Local council, an issue which sparked a huge scandal and has...

One customer of XTB is accusing the brokerage firm of unjustly canceling a number of his trades closed at a substantial profit, claiming that they were performed at the wrong price.

Vienna Insurance Group (VIG) is conducting its own audits at "Omniasig", where last week searches were conducted and several people are suspected by the prosecutors of abuse in office and forgery.

The Financial Oversight Authority (ASF), the institution in charge of overseeing the insurance market, the one which should have prevented the resounding scandals uncovered by the prosecutors, yesterday sent a "reassuring" message to the...

Yesterday, the prosecutors searched 49 "Omniasig" branches, on suspicions that the CEO and over other 40 executives forged over 1 million insurance policies, just one day after Peter Hagen, the head of Vienna Insurance Group (VIG), which...

The 12 F16 Block 15 aircraft recently acquired by the Romanian Air Forces, will be used for the air police, as well as for fighting enemy actions, according to sources in the Romanian army.

In preparing government strategy for supporting SMEs and improving the business environment 2020 has uncovered two major problems: there is a very small number of active small enterprises, a very small number of medium enterprises and too few of...

The outcome of a business comes from the mark of the entrepreneur, says Cristina Chiriac, the chairwoman of the National Association of Entrepreneurs.

Athlete Monica Iagăr, professional athlete, considers that business, just like sports, should only be done as long as being involved in business offers happiness, even if though there may be some difficult moments.

Almost half of the domestic companies are led by women (43% in 2012), said Andreea Paul, the vice-president of the Budget, Finance and Banks Commission of the Chamber of Deputies.