Between 2009 and 2014, the Romanian banking system had a net loss of 1.6 billion Euros, said Florin Georgescu, First Deputy Governor of the National Bank of Romania (NBR).

Romania needs a budget that must be allocated by companies, in order to encourage the consumption of Romanian products, says Andrei Dudoiu, the Deputy Managing Director of Banca Transilvania.

The value added tax and the excises may be cut earlier than we would have expected, specifically, by the end of 2015, as announced on February 19th by Darius Vâlcov, the minister of Public Finance, at the "Romania's development in the new...

The news that the Financial Oversight Authority has recommended the listing of some of the state owned companies on the Bucharest Stock Exchange would sound good, if it didn't mean that in fact, the Authority is getting involved in things...

Petrom, the biggest Romanian company, may be listed on a foreign stock exchange as well, but that information reached investors in a discriminatory manner, contrary to what would have been normal and mandatory, according to the capital markets.

An "athletic" diplomatic effort in Minsk, heavily covered in the media, has ended inconclusively, with a cautious assessment, despite the efforts of the political protagonists to "inject" the feeling that the result is...

The National Anti-Corruption Department (DNA) is conducting investigations on the complaint filed against Elena Udrea concerning the use of European grants for the development of the "Stejarii" club, according to information provided to...

It is part of the decency of the banking profession to inform your customers about the currency risk when granting loans, said Philippe Lhotte, chairman and CEO of BRD, in a statement of position concerning the row of loans denominated in Swiss...

The crisis of loans denominated in Swiss Francs (CHF) has caused those that have outstanding loans in that currency to resort to a new strategy.

I think that the accusations uttered by deputy Elena Udrea against the interim boss of the Romanian Intelligence Service (SRI), general Florian Coldea, that he has influenced the outcome of the presidential elections in favor of Klaus Iohannis...

The Ministry of Public Finance is working, together with the banks, on "a new product" to resolve the issue of loans denominated in Swiss Francs, Finance minister Darius Vâlcov said last night.

"Fiscal obscenity!", exclaimed famous graphic artist Eugen Mihăescu, referring to the practices of Adrian Sârbu, in the year 2000, but in fact, the lack of decency has been a part of not only his business relationships with the state, but...

Banca Transilvania (BT), led by Horia Ciorcilă, signed a "firm commitment" to acquire 100% of the shares of Volksbank România in December 2014. Banca Transilvania seeks to gain the second position in the Romanian banking system, following...

In the debates concerning energy strategy, specialists from the Ministry of Energy intend to propose, encouraging the development of production sources based on biomass and biogas - renewable energy resources of which Romania has a considerable...

Inventor Iuliean Horneţ has patented a technology which, allows the conversion of biomass into electrical and thermal energy, at low costs.

The Romanian authorities encourage energy exports, but that means that Romania is actually exporting prosperity, as there is no concern for the development of industry, says Dan Apetrei, CEO of Elsaco Energy.

The new paradigm in the sector of energy services is the concept of smart grids, which involves ensuring, for every user, the energy volume and quality that they need, when they need it, with a minimum resource and raw materials usage and a...

The prosecutors of the General Prosecution Service yesterday started the prosecution against Adrian Sârbu, on charges of abetment of tax evasion, money laundering and abetment to embezzlement and against Liana Petrovici, the legal representative...

Adrian Sârbu, the owner of Mediafax, was taken, with a warrant, last night, to the Prosecutors' Office, where he was going to be heard by the investigators, according to judicial sources, as he is being charged with abetment to tax evasion,...

CHF borrowers suspect that banks have made speculations based on lending terms, as many consumers claim that, at the time they contracted their loans denominated in CHF they got their money either in lei, or in Euros.

While the members of Parliament have "wound down" in the issue of loans denominated in Swiss francs (it has been postponed for the second time yesterday in the Budget Commission of the Chamber of Deputies, due to a lack of quorum),...

The European leaders have apparently been taken by surprise by the radical left winning the elections in Greece.

It is the domestic natural gas market that has called for the "freeze" of the liberalization schedule in mid-2014, Niculae Havrileţ, the president of the ANRE told us.

The Bucharest Stock Exchange (BVB) wants to complete 10-20 listings this year, on the AeRo alternative trading system, which will be launched on February 25th, Bogdan Mugescu, a specialist in the Business Department of the BSE told us on Friday.

The program to convert, at a discount, the loans granted by Volksbank in Swiss francs (CHF) will be applied by Banca Transilvania (BT), after it becomes a shareholder of Volksbank, Nicolae Cinteză, the head of the Oversight Division of the...

The terrorist attack that happened two weeks ago against the editorial office of "Charlie Hebdo" led to three types of reactions:

The global wave of support for Charlie Hebdo, also comes from people who have never seen the magazine, said Bernard (Willem) Holtrop, a caricaturist with the magazine.

The High Court of Cassation and Justice yesterday rejected the contestations filed by businessmen Dragoş Bîlteanu and Najib el Lakis against the ruling of the Bucharest Court of Appeal to extend the measure of preventive custody, in the case in...

The folklore around this story sounds as follows: "After «BURSA» (and it alone) reported the worrisome presence of Ludwik Sobolewski at the headquarters of Mediafax, on the very day that the agency was being searched by...

Hydraulic fracking may have an impact on the Cernavodă plant, said Daniela Lulache, CEO of Nuclearelectrica SA, citing the conclusions of a study which the company ordered in that regard. The specialists who conducted the study advise against the...

At least twelve people were killed yesterday, following an attack on the headquarters of satiric newspaper "Charlie Hebdo" in Paris.

I wish you a happy new year!

During his term as minister of foreign affairs, Mihai Răzvan Ungureanu, who has been recently appointed personal advisor to the new president of Romania, Klaus Iohannis, has sabotaged through official actions the activity of the Commission for...

This article, which has now reached the 3rd episode, has taken a structure on its own, when I wasn't looking:

Businessman Ioannis Papalekas distances himself from his former business partner Dragoş Bîlteanu, who was placed in preventive detention in the case of embezzlement from the SIFs, in an open letter which he sent on December 22nd, in which he...

In the first quarters of the year, the State Construction Inspectorate (ISC) has conducted 14,724 quality audits and has levied fines for over a thousand violations of construction quality requirements, said Paul Racoviţă, general inspector with...

Construction entrepreneurs absolutely need the resumption of public sector investments, said Tiberiu Andrioaiei, the executive director of the Professional Association of Construction Companies (PSC).

Romania may run into a new real estate bubble, says Şerban Ţigănaş, the president of the Order of Romanian Architects, who made that statement as several experts in the field are talking about the occurrence of a new boom in the market.

On December 18th, 2014, SAI Certinvest and SIF3 Transilvania announced that they have signed an agreement by which they acquired from the Axa Group its life insurance and savings operations in Romania.

Genesis Development, owner of office parks Novo Park and West Gate, is currently focusing on improving the services and conditions provided to its tenants, the managing director of the company, Rene Rohan, said.

The responsibility for the preservation of real estate architectural landmarks which have proven their value over time lies, first of all, with those that believe in them, says Florin Vlad, the president of architectural restoration company...