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In a hostel of "2 Mai", a resort at the Romanian seaside, where teens who had come in for nudism and juvenile philosophy would stay a while, sleeping topsy-turvy, all dazed from alcohol and breathing smoke, there was a spider that became...

The madness of loans denominated in Swiss Francs (CHF) seems to have reached a climax, where at least one of the banks involved has given in.

For twelve minutes, Klaus Iohannis kept quiet: the electoral confrontation at Realitatea TV, held three evenings go, had begun at eight o'clock, moderator Rareş Bogdan talked for six minutes, loquacious Victor Ponta talked for six minutes,...

Sociologist Alin Teodorescu told us that the outcome of the second round of the presidential elections has been known for a few months now: "Look at what has happened in the presidential elections of 2004 and you will understand what will...

On Sunday night, Prime-minister Victor Ponta said, on TV, that Romania doesn't have shale gas deposits. "Apparently we don't have shale gas and we have been fighting hard over something that we do not have", the prime-minister...

Lucian Anghel, the president of the Bucharest Stock Exchange, who was saying, in summer, that the issue of Government bonds for the population has entered "the final lap", yesterday said that he hoped the announcement of the first issue...

With her well-known naiveté, Ioana Petrescu, the minister of finance, may be playing some games that are standard fare on our capital market, by tinkering with the holding limit in the SIFs, which is a factor that is notorious for its direct...

Through an ironic twist of fate, just as the European Central Bank became the sole watchdog of the biggest banks in Europe, an important step towards achieving the Banking Union, discord has set in in Frankfurt.

Victor Cionga, the new president of "Electrica", says that he wants to work as a team with the current executive, adding that if necessary, he will bolster certain management positions by promoting new people.

Călin Popescu Tăriceanu, Corneliu Vadim Tudor and Teodor Meleşcanu yesterday expressed their support for the candidacy of Victor Ponta in second round of the presidential elections.

The stake of 4.52% of Banca Transilvania (TLV) had the largest weight in the net assets of SIF1 Banat Crişana, at the end of Q3, placing it higher than the 2.41% stake in BRD, which combined 9.39% of the net asset, according to the 9-month...

The boorish debauchery of the electoral campaign (which in actuality has been going on for years) and the unsatisfactory quality of the supply of candidates in yesterday's elections, heavily emphasized by the tens of arrests of ministers and...

Every politician has a skeleton in their closet.

The worsening of the Russian-Ukrainian conflict could create serious problems for Romania and the Eurozone, said the specialists present at the "Romania Trade & Export Finance Conference", which was held yesterday for the first time...

Affairs that are more than two decades old are being brought to light like skeletons in the closet to march towards the ballot boxes, thus participating in the electoral struggle.

The Romanian banking environment is under no circumstances in a state of vulnerability, according to economist Ionuţ Dumitru, president of the Fiscal Council.

The European Central Bank (ECB) and the European Banking Authority (ABE) yesterday published the results of the stress tests that 123 European banks were subjected to.

Anonymous sources have been feeding the rumor mill around the stress tests conducted on banks of systemic importance in Europe. The most pessimistic estimate, according to which 18 banks will not pass the test, came from the banking expert of...

At least 11 European banks will not pass the stress tests conducted by the European Central Bank (ECB) out of about 130 lenders in the region, announces Spanish agency EFE, quoting anonymous banking sources.

Rumor has it that the United States have allowed our judges and prosecutors to express their independence.

Farmers in the European union have suffered losses of 5.1 billion Euros following the embargo imposed by the Russian Federation, MEP Laurenţiu Rebega told us. He also said that so far, the Ministry of Agriculture has not calculated the losses...

Agriculture has extraordinary energy reserves, such as biodiesel, which, in the future, will be able to eliminate the dependency on diesel oil, said Cristian Pârvan, the secretary general of the Association of Romanian Businesspeople (AOAR). In...

Stupidity is contagious

The directorate of SIF3 Transilvania sent a letter to its shareholders explaining the items on the agenda of the shareholder meeting scheduled for October 20th/21st, submitted by Constantin Frăţilă, who owns 5% of the company together with other...

Luck seems to have smiled down on Ludwik Sobolewski, in his first year as CEO of the BSE: the government helped him with IPOs, the Financial Oversight Authority with changes in the secondary legislation and fee cuts, and the Parliament, by...

Many beneficiaries whose projects were approved between 2008-2010 were unable to complete the contracts financed using the European grants, said Ramona Ivan, the head of the Foreign Relations and Structural Financing Department of CEC Bank.

The institutions of the state must take concrete measures to protect farmers from harmful foreign factors, such as the embargo imposed by Russia, which can affect their activity and output, said Alex Jurconi, the president of the PRO AGRO...

Banks are still charging a high interest rate on loans taken out for agricultural projects (5.5-6%), farmer Adrian Rădulescu said.

The "BURSA" newspaper and the "Millenium" Financial Training Center have celebrated the anniversary of 20 years of oversight of the stock market, in the Parliament's palace, a festivity which the guests considered as classy...

In the very near future, the Romanian Authorities can and should take more steps to help agriculture and significantly reduce tax evasion in the sector, said Nadia Crişan, the president of Agriculture Task Force of the Coalition for Romania's...

The Court of Bucharest recently ruled that the former president of Bancorex, Răzvan Temeşan (ex lege the current employee on the equivalent position of CEO of BCR, according to the ruling no. 51 of the High Court of Cassation and Justice), must...

The trading of grains on the exchange, in a transparent environment, represents a solution for the current needs of the agricultural market, said Alexandru Coita, director of strategy with the Romanian Commodities Exchange (BRM). "The...

Romania's consumption of food is facing the lowest consumption in Europe, says Sorin Minea, the president of the Professional Association of the Romanian Food Industry (Romalimenta).

PDL Dan Cristian Popescu is a stock market investor, who owns the investment fund DCP Investiţii, which in just one year since its launch, has achieved an annualized gain of 27%.

The elimination of the milk quota starting next year, combined with the major stocks of powdered milk already existing in Europe, will lead to a drop in the number of sheep and bovines in Romania, said Dorin Cojocaru, the president of the...

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...