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Several employees of BCR Alba Iulia were indicted yesterday by the prosecutors of the National Anti-Corruption Department, after participating in the defrauding of the bank with over 11 million Euros.

Nine employees of the Transfusion Center in Slobozia and doctors from other hospitals in the county have been accused of charging patients for transfusions, even though, according to the law, transfusions must be made free of charge.

• UPDATE - Vişinescu Mihai, film director, was acquitted in File no. 324/P/2015, by order of the case, according to the Ordinance of the Prosecutor's Office attached to Bucharest Tribunal, dated 31.01.2019. 

The president of the Military Territorial Court of Iaşi, judge of Radu-Dimitrie Tarniceriu, is being prosecuted for influence peddling and indirect participation in abuse in office, the National Anti-Corruption Department announced in a communiqué.

Six people, including Stela Mihai, the aunt of alleged mobster Ion Stelică Mihai (nicknamed Leo from Strehaia), are being investigated on charges of tax evasion and money laundering, without being detained, in a case which involves losses of...

The European Commission announced on Tuesday that granted EUR 1 billion funding for a number of 19 projects destined to the increase of renewable energy generation, including also EUR 300 million for a CO2 storage project in Great Britain, as...

The Romanian authorities may have decided to take the OPCOM - the operator of the Romanian energy exchange - public on the Bucharest Stock Exchange, starting this very autumn, as they are being pressured by the IMF to implement the plan to...

• Interview with Mr. Alexandru Rizea, the owner of the Lemet plant and of the LEM'S furniture stores brand  

The citizens of Cyprus can consider themselves lucky.

Among praise and thanks, prime-minister Victor Ponta on Friday let slip a clever phrase that truly shows the extent of the success of the "Electrica" IPO: "It's better to be lucky than smart".

The foreign exchange (forex) market needs "a fine tuning", not a radical reform, and the emphasis should be placed on raising trader standards, David Walker, CEO of British bank "Barclays" thinks.

In June, the business sector in the Eurozone had the weakest growth in the last six months, according to a Markit poll.

Based on the past experiences of the legal bodies, when the defendants escaped their punishment, the National Anticorruption Department may have taken an additional precaution, by indicting Dan Voiculescu in another different case of corruption,...

The judges of the High Court of Cassation and Justice (ICCJ) yesterday acquitted Horia Ciorcilă, the chairman of the Board of Directors of Banca Transilvania, of the charges of stock market manipulation and using inside information.

The diversification of the shareholder structure of the operator of the Romanian energy exchange OPCOM, could begin this very autumn, several sources from the Department of Energy and from Transelectrica told us.

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...