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The shareholders of Hidroelectrica SA, which is currently going through insolvency proceedings, can now ask the trustee in bankruptcy to grant them the right to manage the company, former special administrator Gabriel Dumitraşcu wrote in his...

The European Central Bank (ECB) is being sued by over 200 investors for the role it had in the restructuring of Greece's debt, The Telegraph writes.

Romgaz and Conpet could be privatized through the stock market, according to the inventory drawn up by the Financial Oversight Authority and the Ministry of Finance, which was presented by Mircea Ursache, the vice-president of the ASF, at the...

The news that Russian military aircraft have carried the first strikes in Syria yesterday made the rounds all over the world.

A consortium of companies, with predominantly American capital, wants to lease a plot of land in the Port of Constanţa, for the construction of an oil terminal, according to a statement by Randy Tharp, managing director for Romania of...

Dr. Richard Weitz is Senior Fellow and Director of the Center for Political-Military Analysis at Hudson Institute, a think-tank of Washington D.C., set up in 1961. His areas of expertise are defense reform, nuclear non-proliferation, internal...

Mircea Ursache, the vice-president of the Financial Oversight Authority (ASF), said yesterday that he is waiting for the Government to fix the Fiscal Code, by cutting the dividend tax to 5%, in order to show support for investors.

The long awaited corporate governance code of the Bucharest Stock Exchange launched yesterday, surprised everyone with its small size, so small that those who read it calculated that each page cost 30,000 Euros, and that is while also considering...

Greece's prime-minister, Alexis Tsipras, will need to pass legislation that will implement the reforms intended for the Greek banking system, so an amount of 3 billion Euros from the bail-out package that Athens got this year can be unlocked,...

Greg Konieczny, the manager of the Proprietatea Fund, and his team have repeated almost obsessively, that they would make no investments other than in their own shares, until the discount between the price of the stock and the NAV fell considerably.

The European Central Bank (ECB) is admonishing Croatia, in a six page document, issued on Friday, for the law which allows the conversion to Euros of loans denominated in Swiss Francs.

A Belgian court recently awarded the Micula brothers, Viorel and Ioan the garnishment of the funds that Romatsa was supposed to cash from Eurocontrol.

Prime-minister Victor Ponta was indicted yesterday, as the DNA is charging him with 17 counts of forgery in private deeds, complicity in tax evasion and money laundering, together with senator Dan Şova and the head of the Rovinari complex at the...

Portuguese prime-minister Pedro Passos Coelho, and his socialist opponent, Antonio Costa, yesterday got into a conflict on the issue of austerity policies, in a televised debate before the general elections of October 4.

• The lawyer says that "Piperea şi asociaţii" will no longer involve itself in any class action lawsuit to represent bank borrowers 

• "From certain points of view, I support the launch of an IPO for the stake of the government in Telekom România"  

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.

The Board of the Bucharest Stock Exchange, which will see its term expire at the end of last year, has all of a sudden remembered, one year and a half late, that in April 2013, the shareholders of the BSE have approved, at the request of SIF...

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...