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When a country is poor and affected by corruption, its markets don't have credibility among retail investors, and as a result, individuals place their savings in liquid investments, says Andre Cappon, the president of consulting firm "The...

The National Bank of Romania (BNR) is supporting the Bucharest Stock Exchange (BVB) in the process which will help raise the rating of our capital market "from frontier market" to "emerging market", says Mr. Valentin Lazea,...

The partnership between the derivatives exchange in Sibiu - Sibex - and the Athens Exchange (ATHEX Exchange Group - Athex) will be implemented in November, according to Mr. Dimitris Karaiskakis, director of operations of Athens Exchange SA.

The directorate of SIF3 Transilvania claims that shareholder Constantin Frăţilă is getting ready for a hostile takeover of SIF3, in a press release that advises shareholders to reject his proposals, which will be brought up for discussion in the...

The Romanian energy sector needs significant investments, according to Mr. Frank Hajdinjak, the CEO of E.ON Romania, who says that the company he leads is proceeding with its investment plan in the electricity and gas distribution network, which...

Romania has coal reserves for another 30-40 years, but we have a low quality lignite, which isn't profitable to process, says Laurenţiu Ciurel, executive CEO of the Oltenia Energy Complex, who warned that the company is having serious trouble...

Romania needs an urgent energy strategy, but before it gets completed, several documents should be drafted, including an industrial strategy and one for competitiveness, says Silvia Vlăsceanu, the executive director of the Federation of the...

Countries in South-Eastern Europe are on schedule with the creation of the regional exchange, and it will become operational by the end of the year, as announced by Mirela Săndulescu, the head of the Strategic Cooperation Department of the OPCOM,...

The Alliance of the North-Atlantic and Romania's Western partners have become aware, once the conflict in Ukraine began, of the importance of the "Eastern flank", which Romania is also a part of, Mr. Adrian Cioroianu, dean of the...

The authorities are preparing a new round of auctions for the exploitation of a number of 25 on-shore and 8 off-shore oil perimeters, said Gheorghe Duţu, the president of the National Mineral Resources Regulatory Agency (ANRM).

The gas imports that Romania needs fell to 15% of the total consumption last year, and this year they are estimated at 9%, said Niculae Havrileţ, the president of the National Authority for the Regulation of Energy (ANRE). He said that depending...

Energy consumers should be educated about energy efficiency, said Martin Zmelik, Country Manager and president of the Directorate of CEZ România.

Gazprom notified again the Romanian authorities that it will cut by 10%, starting from today till tomorrow, the gas supplies to our country, informed us yesterday the minister delegated for Energy, Răzvan Nicolescu.

The Romanian electricity market has been manipulated in the last year through transactions that were concluded on the OPCOM at variable prices and quantities, the regulator of the energy market (ANRE) states, in a document that BURSA came in...

The Council of Banking Professional Associations in Romania (CPBR) currently has six member banks, after ING and Volksbank joined its founding banks BCR, BRD-Groupe Societe Generale, Raiffeisen Bank and UniCredit-Tiriac Bank in July.

Through the secondary listing of the Proprietatea Fund (FP) on the London Stock Exchange we want to attract additional demand for the shares in the portfolio of the Proprietatea Fund from investors that have no placements in Romania, says Marius...

The Romanian capital market isn't working and this is happening because there is no money on the stock exchange, says Marian Petre Miluţ, the president of Prefab.

The kindness of the government when it comes to privatizations has led to the increase of the performance of the Bucharest Stock Exchange, without the market having displayed any improvement in its attitude or in its strategy.

The issue of loans denominated in Swiss Francs (CHF) is becoming increasingly disputed in the Parliament, where it seems that an increasing number of controversies are taking place concerning the numerous draft laws filed on the matter.

The Proprietatea Fund (FP) is reviewing the announcement made by Nuclearelectrica (SNN), concerning the intention to increase the share capital by 241.5 million lei, and has asked the company for additional information, according to Greg...

"Read the prospectus carefully" is a piece of advice that applies not only to drugs, but to financial products as well. A practice reported by some readers, as well as by analyst Valentin Cismaru, is the pushing by the banks of...

The draft law which says that borrowers that have taken out loans denominated in foreign currencies may be allowed to repay early or to refinance their loans at the exchange rate effective at the time the loan was contracted was approved...

The increasing closeness between Austria and Russia seems to have greatly upset Traian Băsescu, who has announced yesterday that he has sent a message to the Austrian officials of OMV, telling them that they would be Romania's partners as...

Reporter: The economy has entered a recession, after two consecutive quarters of economic contraction. How do you think the economy will evolve in the coming months, given a weaker harvest, the drop in investments, the drop in exports and the...

The harsh attack of the CEO of SIF Oltenia, Tudor Ciurezu, against businessman Florin Pogonaru, has received a response, indirectly, from the management of "Prodplast Imobiliare" (PPLI).

The Department for Energy yesterday put up for public debate, the project for the expansion of the schedule for the liberalization of the price of natural gas for the population by 2021.

The criteria for the evaluation of the insurance companies in Romania have been agreed by the Financial Oversight Authority (ASF) in cooperation with the European Insurance and Occupational Pensions Authority (EIOPA) and the European Commission,...

A decision with major implications when it comes to the execution of trades on the Romanian stock market - the move to the two-day settlement cycle ("T+2", instead of "T+3"), starting on October 6th,- seems to have been made by...

The Delegated Minister for Energy, Răzvan Nicolescu, reported a moment ago that he will propose the European Commission the gas price postponement for population till 2021.

In a caricature of public debate, the officials of the Ministry of Public Finance (MFP) insist on discussing a draft of the new Fiscal Code, which they are, however, keeping secret and only leak small chunks of it at conferences organized by an...

Yesterday afternoon, Ukraine summoned its Security and Defense Council, and president Petro Poroshenko postponed his visit to Turkey, after Russian armed forces allegedly entered the country through the South-East, conquering the city of...

Laurenţiu Postovaru, who controls 49.89% of Bucur Obor (BUCU), says that in order to keep their seats, the members of the current Board of Directors are using as an excuse to keep their seats, a court ruling, according to which the shareholders...

The Financial Oversight Authority (ASF) has notified the competent bodies, after reviewing two complaints from investors, who reported that their shares were sold through "Harinvest", even though they did not have a contractual...

There are no commercial or political pressures in Pro TV, people are simply allowed to do their job and are focused on it, Aleksandras Cesnavicius, the CEO of Pro TV said yesterday, at the event for the launch of the autumn schedule of the...

The preparations for the construction of Serbia section of South Stream pipeline is on schedule, Gazprom considering that it's too early to speculate on a new route, state sources cited by Tanjug.

Arielle Malard de Rothschild, the vice-president for Central and Eastern Europe of & Cie Banque, is on the shortlist of candidates for the position of independent member of the Board of Directors of Electrica SA, according to a document...

The call for bids for attracting investors at the Units 3 and 4 of the nuclear electric plant of Cernavodă may be launched this week, according to sources close to the situation.

Three of the five financial investment companies (SIFs) - SIF1 Banat Crişana, SIF2 Moldova and SIF4 Muntenia, may be interested in becoming shareholders of Banca Comercială Carpatica (BCC), market sources claim.

The Financial Oversight Authority (ASF) will no longer charge any fees for government bonds trades on the Bucharest Stock Exchange, according to the new set of tariffs approved on Wednesday, which also lowered the fee for stock trades from 0.08%,...

The Financial Oversight Authority (ASF) has hired law firm "Ţuca Zbârcea & Asociaţii", to advise it on labor legislation, during the restructuring process, according to some market sources.