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Hidroelectrica SA has made a milestone profit of 509 million lei, in the first six months, up 28 million lei compared to the similar period of last year, amid a drop in revenues, which led to much criticism against the receiver of the company,...

The Council of Foreign Investors supports the cut of the Social Security Contributions (CAS), but the measure must be sustainable, so that the budget can meet the deficit target in the coming years without the need for further tax increases, Mr....

The young lady who has come out of the mist to take the seat of Minister of Finance, gets affected emotionally by any contact with anyone else except herself, meaning she is incapable of understanding the meaning of "public" (even though...

Shale gas exploration in Romania will continue, the Chevron American company representatives stated.

The absence of the draft of the Fiscal Code continues to keep the interest of the public opinion high.

His Excellency, Mr. Dan Ben-Eliezer, the ambassador of Israel in Bucharest, told BURSA in an interview: "If it isn't stopped, Hamas will continue to develop its capabilities for terrorist mega attacks, but for this process we need strong...

The group of shareholders rallied around BCR-Erste, which last year held 8.78% of the equity of SIF5 Oltenia, has pared down its stake in the company, down to the legally allowed limit of 5%, according to a decision of the Financial Oversight...

Sobolewski's contract!

"Bucur Obor" (BUCU) is going through another row, this time between the management, through Gelu Manea, the president of the Board of Directors, and the largest shareholder Laurenţiu Postovaru, after the one caused by the theft of shares...

Orlando Nicoară, the CEO of Mediafax Group S.A., posted a message in the comment section of the BURSA website, on the article "Open letter to finance minister Ioana-Maria Petrescu", published yesterday, where I discussed the...

The tragedy occurred on July 17th, 2014. Now, there are attempts to find the authors behind the act, the ones who fired that missile, the data is being analyzed to find out where it has been launched from, international investigations are being...

• UPDATE  

It would seem that brokerage firm "Carpatica Invest", involved in a scandal which concerns the making of trades which were not authorized by its customers, which was also investigated by the prosecutors of the DIICOT, will not recover...

I don't think that the Government did not draw up the impact assessment of the cut of the Social Security Contributions (CAS), like the movie of high-level meeting held in Cotroceni between president Traian Băsescu and prime-minister Victor...

Last week, Bank of Cyprus started its road-show for promoting itself among foreign investors, in an attempt to raise 1 billion Euros, through a capital increase, the Cypriot press reports.

Adrian Vasilescu exaggerates when he claims that "A world without banks is a world without money, and without money there is no economy", like he said on Sunday, on the show of Emil Hurezeanu on TV DIGI 24, because such a statement...

The prosecutors of the General Prosecutors' Office have conducted six searches on Thursday, in the counties of Timiş and Mehedinţi, as part of an investigation concerning the fictitious reimbursement of medical services, which also involves...

The prosecutors of the National Anti-Corruption Department and the policemen are having quite a hot summer, and not because of the temperature outside.

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.

According to the contract for the privatization of Electrica Muntenia Sud, Enel is required to grant the Romanian government the right of first refusal when it comes to buying back its stake in the aforementioned company, which the Italian group...

The average price of electricity traded on the day-ahead market (PZU) in Q1 2014 was 143.96 lei/MWh, up 3.1% over the median price of the first six months of 2013, according to OPCOM data.

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.

The head of the Social Services and Child Protection of the county of Teleorman, Floarea Alesu, is suspected of having received 1,000 Euros for each child she gave away for adoption, according to Agerpres.

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.