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Yesterday, upon Bulgaria's request the EC has approved a line of credit of 3.3 billion leva (2.3 billion Euros) for supporting banks that are faced with a speculative attack, Reuters writes.

The lower end of the price range which the Electrica IPO has closed at has been well considered and argued, said Gabriel Dumitraşcu, the head of the Privatization Division of the Energy Department, who says that the price is not low; quite the...

• Update 19:57 Nicolescu: "The third shareholder of Electrica is ING" 

The IPO of Electrica was the most successful among the small investors, as the tranche dedicated to them was oversubscribed 3.4 times.

The low interest rates paid on deposits could cause people to invest their savings in highly risky alternative investments, such as real estate, Mugur Isărescu, the governor of the Central Bank warns.

On Friday, the High Court of Cassation and Justice denied the request of Horia Ciorcilă, the president of the Chairman of the Board of Banca Transilvania, to not take into consideration a report by American consulting firm Alvarez&Marsal,...

The execution of the "Electrica" IPO has been flawed, considering that the prospectus has seen changes just two days before the deadline.

Reporter: What should people who want to subscribe in this IPO know about "Electrica"?

Market sources told us that the European Bank for Reconstruction and Development (EBRD) have allegedly invested 75 million Euros in the Electrica IPO.

Small investors have rushed in to the IPO of "Electrica" in the first five days when they were entitled to receive a 5% discount off the final price. Overall, the small investor tier (7% of the IPO) saw subscriptions of 40.9 million...

The BSE will continue to lower its "own" fees for market participants, including the main trading commission, but it is unknown when that is going to happen, said Ludwik Sobolewski, the CEO of the BSE, after the Financial Oversight...

Businessman Ion Ţiriac may be looking to sell his stake of 45.059% of the shares of UniCredit Ţiriac Bank to Italian group UniCredit, which holds approximately 50.6% of the shares, for 700 million Euros, according to Reuters, which quotes Italian...

Central banks, public pension funds and sovereign investment funds, which hold assets that account for 40% of the GDP of the planet, are buying increasing volumes of stocks listed on the stock exchanges, according to the Global Public Invest 2014...

For the 2014-2020 period, the authorities want to simplify the public procurement procedures for the private beneficiaries of the European funds targeted for rural development, said Mihai Herciu, the managing director of the General Department...

The result of the latest "elections" for appointing the management of the National Bank of Romania should cure even the most optimistic of the optimists of the delusion of the independence of this fundamental institution of the state.

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...

BRD has made it its goal to continue its support for increasing the degree of absorption of European funds, which represent an important method for financing investments, Mrs. Carmen Arhip, head of the department of European Fund of BRD said...

Attracting European funds is a solution for Romania's sustainable development, and for increasing the number of jobs, respectively, says Mr. Florin Iordache, the president of the Commission for Labor and Social Security of the Chamber of...

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...

The current system for the absorption of European funds can not guarantee the increase of their usage level and their efficiency in the 2014-2020 period, meaning that it needs to be restructured and perfected, according to Angheluţă Vădineanu,...

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.