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If the law on the conversion of loans denominated in foreign currencies which the Ministry of Public Finance is currently working on, were mandatory, then customers could be hurt, says NBR deputy governor Bogdan Olteanu.

Starting from the principle that every institution needs to have "a council of wise men", the Ministry of Public Finance (MFP) has created its own Advisory Council.

The Ministry of the Environment, Waters and Forests (MMAP) has sent the General Prosecutors' Office a number of reports after the audits it conducted at forestry operators, which resulted in the uncovering of many irregularities, including at...

Bogdan Stănescu, the new receiver of Hidroelectrica SA, who is also the head of the Companies Department of the Ministry of Energy, sees the listing of the company in 2017, approximately one year after exiting insolvency.

The first hearing in a class action lawsuit in which the court has ruled in favor of borrowers apparently was apparently held yesterday, according to three credible sources: lawyer Gheorghe Piperea, ANPC president Marius Dunca and lawyer Adrian...

The shareholders of Hidroelectrica yesterday decided to replace Gabriel Dumitraşcu as special administrator of the company, as announced exclusively by BURSA in its June 11th issue.

The prosecutors of the National Anti-Corruption Department (DNA) have yesterday raided doctors and pharmaceutical company in an investigation which concerns bribes in exchange for promoting drugs used in treating cancer. More to the point,...

The Competition Council has announced yesterday, that it has begun an investigation concerning the possible violation of national and EU rules by Media Xprimm, UNSAR (the Romanian National Union of Insurance and Reinsurance Companies), the...

Shocked beyond belief that Mişu Negriţoiu, the president of the Financial Oversight Authority (ASF) is not issuing a response to the accusations being made against him, namely that in 2003 and 2004 (when he was executive director of ING Wholesale...

Whereas in the last few years there has been a lot of talk about clauses that are considered abusive, mostly in the case of loan agreements concluded between banks and debtors, and there are a number of lawsuits in court on that matter, there are...

Lately, various Russian officials have been periodically generating news which comprise various threats to Romania.

Depositors that have amounts larger than the maximum guaranteed amount of 100,000 Euros have begun withdrawing their money, as demonstrated by the report of the Fund for the Guarantee of Bank Deposits (FGDB).

The idea of a "European economic government" has been brought up once again by Francois Hollande, two days ago, but this time confining it to "gouvernement de l'eurozone", which proves not only that French presidents have one...

Yesterday's and today's European leaders, the same in their nature, just like yesterday's communists became today's "democrats", have succeeded an amazing performance: they've turned the most ardent supporters of the...

I for one, do not want to give Greece 1.5 billion Euros, as apparently the European Commission has decided yesterday to ask the member states of the European Union which are not members of the Eurozone to do yesterday, (a total guarantee of 13...

European leaders have been insistently repeating lately, the discourse of the faith in Greece and in the government in Athens has been lost, as if they were examples of dependability and morality.

The Islamic Republic of Iran, on one hand, and the US, United Britain, France, Germany, Russia and China, on the other, two days ago reached a common solution to the problem of the "Iranian nuclear dossier", thus concluding over two years...

In the 40 item program that SYRIZA presented in 2012, the last proposal was "closing all the foreign bases in Greece and the exit from NATO".

The four Romanian banks with Greek shareholders would become a single entity, if their shareholders decided to merge, specialists from the NBR told us.

Victor Ponta decided not to seek political asylum in Istanbul, instead he has returned to Bucharest hobbling, making me shed tears of compassion for the fact that his beard has grown just like that of Adrian Năstase, who has changed his...

The Greek authorities have yesterday made the commitment to make reforms in the fiscal sector and of the pension system, "starting next week", and in return asking for a three-year loan from the European Stability Mechanism (ESM),...

Who benefits from the Greeks' vote on Sunday and how? Who gains what? Perhaps it wouldn't be meaningless to even ask ourselves who wins or who loses.

Even though the NBR assures citizens that their deposits are safe, some politicians' statements could create panic among depositors, which would lead to massive withdrawals from banks.

Finance ministers in the Eurozone (Eurogroup) are waiting for new reform proposals for from Athens, but the result of the recent referendum in Greece will make negotiations difficult, says Jeroen Dijsselbloem, the president of the Eurogroup, who...

The "no" vote in the Greek referendum seems to have brought about even more uncertainty concerning the country's future, analysts say, and they present various scenarios, from new negotiations with the international creditors and...

The mind-numbing argument against the organization of the Referendum in Greece, invokes the fact that people are not familiar with the subtle technique of finance and of the banking system, an argument which naturally originates from the European...

All of Europe is concerned over Greece's possible default, save for Romanian politicians. They are more interested in increasing the special salaries and pensions, the issues that Ponta has in the PSD, by Oprea's plagiarism or by the...

Calling the Greeks "lazy", is a situation similar to the one in the joke about Soviet sailors who had become ship wrecked on an island and would rape the female cook all night, and in the morning they would write her up for being a whore.

Nothing of what is happening today in Greece was unpredictable.

Government support remains vital for the Bucharest Stock Exchange, which doesn't seem to be able to do much on its own.

The threats and mutual accusations between Greece and its creditors happened so fast last week, that even the internet couldn't keep up.

The representatives of the Warsaw Stock Exchange maintain their recently announced strategy, which claims that Warsaw Stock Exchage (WSE) wants to attract an increasing number of companies from the Central and Eastern Europe.

The fantastic ambition of ASF president Mişu Negriţoiu to make the government's bond issue known even to sheepherders in the mountains nevertheless didn't even help him reach the farmers selling their produce in the center of Bucharest.

The National Bank of Romania (BNR) is getting ready to suspend the voting rights that Greek banks have as shareholders of some of the Romanian banks, if the former defaulted, according to Nicolae Cinteză, the head of the Financial Oversight...

Two weeks ago, OTP Bank România has launched a pilot program to cut the loan installments of CHF borrowers, CEO Laszlo Diosi told us in an interview he gave us in Budapest.

Without the involvement of the local banks, the economy can not grow, says Tomas Spurny, CEO of the Romanian Commercial Bank (BCR).

After three years of working on restructuring, Tomas Spurny, the CEO of the Romanian Commercial Bank wants to show that the bank has switched to a new philosophy.

The European Commission has approved a financial contribution of 83 million Euros from the Cohesion fund to the major project "The expansion of the Subway line no. 4, the Parc Bazilescu - Străuleşti section", which is part of the...

Today, in Brussels, the European Commission is hosting the first public debate on the project to create the Capital Markets Union, after 400 notes have been sent in during the preliminary consultations, including from Romania.

The Romanian authorities want Romania to enter the Eurozone, but they are not capable of transposing the provisions of the European legislation into ours, and when they do, they do it incorrectly, says Nicolae Cinteză, the head of the oversight...