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Romania will be forced to pay penalties for every day of delay until it fully transposes the legislation on Bank Recovery and Resolution Law (BRRD), which also involves the application of the bail-in (a procedure which involves the confiscation...

The European Commission yesterday proposed measures to improve the way the Eurozone manages its economy in the short term, as part of a wide scale plan to integrate the Monetary Union, and to avoid a future crisis, respectively.

The European Central Bank (ECB) could extend and change its quantitative easing program, meant to stimulate economic growth and the inflation in the Eurozone, according to the governor of the Bank of Spain, Luis Maria Linde.

Sergiu Manea, who has, since October 1st the position of CEO of the Romanian Commercial Bank (BCR), does not have to file documentation with the National Bank of Romania (NBR) to get the approval of the central bank, said Nicolae Cinteză, the...

Forza Rossa, the official representative of Ferrari in Romania, yesterday launched, for the first time in Romania, the latest model of the Maranello carmaker, 488 GTB, an event which was held at the Parliament's palace.

The European Central Bank (ECB) must keep calm and show that it is keeping inflation under control, but perhaps the governments should relax the fiscal policies, says Ewald Nowotny, an executive of the institution.

The idea of the liquidation of the BSE, an opinion which was last month attributed by a financial publication to Oana Petrescu, coordinating partner of the management consulting division of Deloitte România, was presented on Friday, in a show on...

Radu Hanga, of the Board of Directors of SIF Moldova, is the new president of the Association of Fund Managers (AAF), following last Saturday's elections, according to some market sources.

Over the last few days the dollar fell to a two-month low, amid the first "whispers concerning a new round of quantitative easing of the monetary policy in the United States", as written by Reuters.

The US State Department mentions in a report the refusal of the Mayoralty of Bucharest to apply the ruling concerning the pulling down of the Cathedral Plaza tower, built next to the Roman Catholic Cathedral in Bucharest, according to the Roman...

"Russia should be treated with decency", and the United States of America should not be allowed to "dictate" the policy of the European Union when it comes to Moscow, Jean-Claude Juncker, the president of the European Commission,...

The Chamber of Deputies yesterday voted the allocation of more than 1 million Euros in the irrigation systems, between 2016 and 2020, as expected by minister of Agriculture Daniel Constantin, who was present yesterday at the third edition of the...

The American Chamber of Commerce in Romania (AmCham) yesterday organized the conference "The situation of investments in Romania", in which the new US ambassador in Romania, His Excellency Hans G. Klemm, made an opening speech, followed...

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.