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According to the report of the prosecutors, business people Dragoş Bîlteanu and Najib el Lakis have embezzled money from SIF Banat-Crişana, by acquiring "Azuga Turism", with the help of lawyers Nicolae Mergeani and Victor Prodan, and the...

On Saturday, Pope Francis presented a synopsis of his visit to Turkey (November 28th -November 30), where, facing Bartholomew the 1st, Patriarch of Constantinople, he has explicitly stated his intention of reuniting the Catholic and Orthodox...

• UPDATE 12:29 SIF Banat Crişana announces that it has never owned shares in "Globalworth Real Estate Investments" 

SIF Moldova has terminated the contractual relationship with lawyers Nicolae Mergeani and Victor Prodan, who were arrested, on Monday, in relation to the DIICOT case concerning the embezzlement from SIF1 Banat-Crişana and SIF4 Muntenia, according...

Victor Ponta said that there are two situations which could cause him to hand in his resignation as prime-minister:

Former president Traian Băsescu speaking on TVR: "A presidential candidate has to be open like a book, a man about whom everything is known. When he was asked for the first time how he made the money for his six homes he said that he earned...

The talks between the Romanian authorities and the representatives of the IMF mission have ended in a deadlock as early as the first meetings, as the tensions that arose during the negotiations were elucidated by the budget delegate minister,...

The newly over presidential elections could only bring about a change for the better merely through hazard, thinks Călin Georgescu, the president of the European Research Center of the Club of Rome, who goes on to say: "The system defends...

Yesterday's announcement by Ukrainian prime-minister Arseni Iatseniuk concerning the accident of the Zaporizhia nuclear plant, gave Romania and the European community cold shivers, as they still remember the nuclear disaster of Chernobyl...

President Klaus Iohannis's last name is of Hebrew origin, having become part of the German language through the Greek word "Ioannes" (which is where Romanian name "Ioan" comes from), having later evolved into the late Latin...

We need certain types of funds for the financing of the medium and small enterprises sector, says Peter Barta, CEO for the Post - Privatization Foundation.

The Ministry of European Funds (MFE) will continue to provide easy access to European grants to small and medium enterprises, said Alin Mitrică, state secretary in the Ministry of European Funds.

One of the realities of the Romanian economy in the period of crisis is that four years ago, one in thirty companies was insolvent, whereas currently one in seven companies are in that situation, said Radu Graţian Gheţea, the president of the...

The support granted by the state sector to SMEs, through projects and financing, is a good sign, said Okan Yurtsever, general manager of Garanti Leasing. He told us, in an interview, that this segment will have an increasing contribution to the...

The European Bank for Reconstruction and Development (EBRD) will offer grants to approximately 60-70 SMEs in Romania, for a median co-financing amount of approximately 7,000 Euros, through Small Business Support, Daniela Marin, the head of the...

Developing the SME sector is a priority, and the government, together with the business sector and with the market, must create policies to allow easy access to funding, because a major problem the sector currently is currently faced with is lack...

Romanian small and medium enterprises can get development loans of up to 1.5 million Euros (the equivalent in lei) from EximBank for investment projects, for a period of up to 10 years, said Corina Vulpeş, the head of the Department of Domestic...

The segment of creativity must be seen as an opportunity for added value, says Cristian Pârvan, the secretary general of the Association of Romanian Businesspeople (AOAR), who says that innovation has become an industry worth taking into...

The Government is working on a memorandum which stipulates the expansion of the activity of a National Fund for the Guarantee of SME Loans, which would become the Fund for the Guarantee of Loans Using European Grants, said Florin Jianu, Delegate...

The focus in the coming period will be on the simplification of EU grants absorption procedures, as the issues uncovered so far in that regard concern bureaucracy and public procurement, according to Claudia Ionescu, the head of the Regional...

Romania needs an innovation cluster for SMEs in every region, said Ovidiu Nicolescu, the president of the National Council of Small and Medium Enterprises of Romania (CNIPMMR).

The banking system bears the brunt of the crisis, claims Radu Graţian Gheţea, the president of CEC Bank and the head of the Romanian Banking Association (ARB).

Director Tudor Giurgiu last week presented his unfinished version of the movie "De ce eu?" (ed. note: "Why me?"), which has as its topic the death of prosecutor Cristian Panait, which occurred in 2002.

Several investors have notified the Financial Oversight Authority (ASF) about the fact that the law on the shut down of the Rasdaq, which was recently passed, contains "flaws", which allow issuers to avoid fulfilling their obligations to...

Dan Sultănescu, political consultant on the team of Victor Ponta, and executive director of the CSCI institute for the polling of public opinion (The Infopolitic Center for Studies and Research) says that the PSD will continue to govern as long...

In BURSA, sociologist Alin Teodorescu forecasted Klaus Iohannis would be the winner, one week prior to the second round of the presidential elections.

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...