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The cut of the social security contributions is only good if no other taxes are raised to offset it, says Lucian Croitoru, advisor to the Governor of the Central Bank of Romania, Mugur Isărescu.

The Hungarian government has supported the idea of equal burden sharing, recognizing that the citizens of Hungary cannot be taxed any further, while financial institutions and multinationals companies extract huge profits from the country, said...

Raiffeisen Bank reacted to the article published yesterday in BURSA, titled «Piperea: "Raiffeisen accepts the conversion of some loans denominated in Swiss francs at the exchange rate valid at the time they were...

Raiffeisen Bank agrees to the conversion in lei of the loans denominated in Swiss Francs (CHF), in the case of the 250 cases currently on trial, filed by the borrowers against the bank, lawyer Gheorghe Piperea, who represents the borrowers, told us.

The analyst says that the national interest and the national security objectives are being cheapened through the media circus surrounding the recently disclosed undercover agent, and that the intelligence services are being unwillingly used to...

The conflict between Laurenţiu Postovaru, who indirectly controls 50% of the shares of "Bucur Obor" (BUCU), and Gelu Manea, who has led the company lately, has escalated, after the representatives of "Amadeus Group",...

Is this what a secret agent looks like?

The Party of Social Justice (PDS) yesterday notified the Central Electoral Bureau (BEC) that it would submit this morning the candidacy of Teodor Meleşcanu for the presidential elections, according to the spokesperson of the BEC, Marian Muhuleţ....

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 Romanian capital market urgently needs a central counterparty, as we are one of the few European markets that don't have such an entity, says Cristian Agalopol, the president of the Central Depository.

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 BSE must show transparency and publish the changes in the organizational chart and the earnings of the CEO, said Dan Paul, the president of the Association of Brokers.

The delegate minister for Energy, Răzvan Nicolescu, warned companies in the energy sector, which have an interest in an increase of the price of natural gas paid by the population to reduce or even eliminate their lobby actions in Brussels.

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.

Adrian Lupşan, development director at Certinvest, emphasized the need for a market for private bonds, followed by the creation of platforms for the trading of such bonds, following the success examples of other markets, such as Germany, Italy...

In the third edition of the "Financing Through The Stock Market" conference, Ludwik Sobolewski, the CEO of the Bucharest Stock Exchange said that the Romanian Stock market is still ineffective. According to him, there are still companies...

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,...