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The stand-by agreement concluded by Romania with the International Monetary Fund expires at the end of September and the political environment is abuzz under the rhetorical responsibility of whether a new one ought to be signed or not.

Known as a harsh and ruthless banker, who took drastic action to achieve his restructuring program, Thomas Spurny, the current CEO of the Romanian Commercial Bank (BCR), had a moment of sensitivity at an event held at the Chamber of Commerce and...

Electrica's headquarters yesterday turned into a battleground between the representatives of the Ministry of Energy and the administrators of Electrica SA.

The European Union (EU) is not in a very good situation, according to the president of the European Commission, Jean-Claude Juncker, who thinks that Europe's main priority should now be tackling the refugee crisis.

In a response addressed to BURSA, the Ministry of Education says that the request to the School Inspectorates concerning the inventorying of the lodging areas in order to receive immigrants and refugees has been sent by the National Committee for...

Come November, Romanian pupils and students may become roommates with immigrants and refugees from Syria, starting in November, according to the intentions of the Ministry of Education.

Oprescu's arrest means a massive drop of the rating of the Mayoralty of Bucharest, in other words an increase in the cost of debt, which was already high, given its already modest rating (Fitch - BBB-).

Cable and electrical conductor maker "Romcab" (MCAB) has filed the prospectus for getting listed on the regulated market of the Bucharest Stock Exchange (BVB)with the Financial Oversight Authority, as the Rasdaq exchange is getting...

After Sorin Oprescu entered the Guinness Book of Records for the longest smoked sausage in the world and for the heaviest fruit and cream cake in the world in 2008, yesterday he achieved the "performance" of being the first mayor in...

American hedge fund J.C. Flowers seems to have big plans for investing in Romania.

Ludwik Sobolewski, the CEO of the Bucharest Stock Exchange, has been replaced as CEO of the Romanian Postal Office, as part of the General Shareholder Meeting of July 15th.

Mugur Isărescu may hand in his resignation as governor of the NBR by October, three separate sources in the financial industry told us.

September 1st brought with it surprises to the National Anti-Corruption Department, causing the former head of the DIICOT Alina Bica to be arrested again, as well as through a harsh anti-corruption discourse, addressed to the mass-media by Remus...

Having heavily involved itself in the political game lately, the Central Bank of Romania seems to be neglecting precisely the main risk factor to macroeconomic stability.

The Financial Oversight Authority (ASF) has yesterday made official the bankruptcy of Astra Asigurări, the biggest in history on the Romanian insurance market.

The Croatian government is preparing a law concerning the conversion in Euros of the Swiss Franc loans, a measure which will benefit several thousands of debtors, a government source told Reuters yesterday.

The current economic evolutions show that the stock markets all over the world will collapse and it is just a matter of time until that happens, according to The Telegraph.

The issue of the merger between the Bucharest Stock Exchange and Sibex is once again being brought up, after countless failed attempts.

One member of the herd of the National Audiovisual Council, called Valentin-Alexandru Jucan, has succeeded in transposing intellectual vacuum in written form, by posting his praise of Adrian Sârbu on his personal Facebook page, addressed in...

Consistency isn't the strong point of the Financial Oversight Authority (ASF), which has reached a new record when it comes to the speed that it goes back on its decisions at.

Hungarian banking group OTP is interested in Piraeus Bank, according to some sources of the National Bank of Romania.

Two highway projects, Piteşti - Sibiu and Ploieşti - Braşov, threaten to disturb the peace of Carpathian bears and to assuage the anger of amateur drivers who are fond of mountain landscapes or of road trips across Europe.

The solution to save distressed banks isn't the bail-in, (the measure of recapitalizing distressed banks, which also involves the confiscation of unguaranteed deposits), says Nicolae Cinteză, the head of the Oversight Division of the NBR, who...

Reporter: How do you see, so far, 2015 from a financial point of view, globally and in Europe?

Today, August 10th, BURSA celebrates 25 years - continuous publication, independent journalism, relentlessly upright, rising, presenting the human evolution.

The major powers are struggling to resolve the conflict that has been raging in Syria for more than four years now, but their efforts have been "rewarded": the protests on the edge of the Syrian state have become a devastating civil war,...

With an authorized capital of 100 billion dollars, the Asian Infrastructure Investment Bank (AIIB) intends to stimulate investments in transport, energy and telecommunications infrastructures.

Shares of Polish banks fell significantly yesterday on the WSE (Warsaw Stock Exchange) after the Seim, the lower chamber of the Parliament has approved the law on the conversion of loans denominated in Swiss francs.

The crisis in Greece has not left depositors that are keeping their money in Romanian banks with Greek capital indifferent, as a significant number of individuals and companies have withdrawn the money from their bank deposits.

Every successful year plants the seed of a future crisis, and 2015 is a successful year, governor Mugur Isărescu warned yesterday, and he expressed his hope that, this time, we will be "clever" enough to avoid that risk.

The offer made by Bancpost is an aberration, says governor Mugur Isărescu, speaking about the conversion proposal made by the bank to a CHF borrower, which would have made the conversion at an exchange rate of 4.52 lei/CHF, while the regular...

The Romanian Commodity Exchange (BRM) claims that the Romanian authorities did not transpose correctly the provisions of the European directive concerning public procurement put up for public debate.

You'd think it's a mistake.

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,...