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The praising of the central banks and their "power" to end recession, through the simple cutting of the interest rates and through quantitative easing, has eventually proved as empty as the "money" that they are printing and...

PMP deputy Adrian Gurzău has submitted in the Parliament an enquiry addressed to the president of the Authority of Financial Oversight (ASF), Mişu Negriţoiu, through which he is asked whether he plans to get retired.

The acute phase of the sovereign debt crisis in Europe, in the beginning of the decade, has brought back to the attention of the public the significant role of gold in the currency reserves.

Franklin Templeton is asking the shareholders of the Proprietatea Fund for an extension of its term by two more years, an issue which is on the Agenda of the General Shareholder Meeting of October 29th.

Germany's industrial output has seen an unexpected drop in August - the biggest over the last year, a development which suggests that the biggest European economy has slowed down in the third quarter.

The Board of Directors of the European Bank for Reconstruction and Development (the EBRD) has approved the new strategy for Romania, which will guide the investments of the bank in the country for the next four years.

Once a focal point of protests against dictatorship, the University Square was rented yesterday for the apotheosis of Lucian Anghel at the feet of Mihai Viteazu astride and the ascension of Ludwik Sobolewski sitting on his chair in the desert,...

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.

Russia's air strikes in Syria were planned months in advance and will be successful because of their coordination with the Syrian army, Walid al-Muallem, the head of the Syrian diplomacy said yesterday, quoted by official press agency Sana,...

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.