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Banca Comercială Carpatica (BCC) is going down the road of the merger with Nextebank, after a few other failed attempts, so far, and after resounding failure of the talks with American fund JC Flowers.

Telekom România has reached the height of absurdity, by restricting the calls available to customers who had "unlimited" plans, after they exploited a Vodafone promotion, which rewarded those who received calls on Vodafone phone numbers,...

The EU member states have asked the European Commission on Monday to prepare extensive border checks as part of the Schengen Space for a period of up to two years, while the reinstating of temporary border controls may only last for a maximum of...

The Chinese stock markets have fallen to a 13-month low, as investors fear that capital outflows will be increasingly bigger as the economy slows down.

The Financial Oversight Authority (ASF) has taken the Proprietatea Fund to court to recoup the amount of 958,686 lei (principal and interest), representing certain regulation commissions which would have normally been payable to the ASF, but...

The economic Forum in Davos has ended on Saturday, January 23rd, after four days of heavy debates around a multitude of extremely interesting subjects, which I have informed you about in the previous reports.

France and Italy have cut their government debt in Q3 2015, as the Eurozone countries have made efforts to cut their public spending.

I've been thinking for one night and one day, but I still couldn't figure out why Jean Claude Juncker said that, without the Schengen Space, the Euro itself is losing its reason to exist.

An increasing number of European officials and analysts are threatening with the end of the European Union, whereas a few years ago that kind of statements was inconceivable.

The message which the president of the National Bank of Switzerland (SNB), Thomas Jordan, conveyed at the end of last week, is an atypical one, economists think, and they emphasize that no central banker makes random statements.

While in Bucharest, on Friday, Swiss franc borrowers have protested against the NBR claiming that the central bank does not represent the consumers' interest, Poland's Presidency has proposed a draft law for the conversion of zlotys of...

The Ministry of Communications is reviewing the possibility of getting the Romanian Postal Office listed on the Bucharest Stock Exchange, after the privatization process failed, in autumn last year, according to the statements of minister Marius...

A powerful decline of the franc would be welcome this year for the Swiss economy, which has been under a lot of pressure last year, after the removal of the minimum peg on the Swiss Franc/ CHF ceiling, SNB president Thomas Jordan thinks.

The protesters who took to the street after the Colectiv tragedy were contesting Gabriel Oprea because of the death of policeman Bogdan Gigină, who was leading the path of the minister's official convoy, and of the fire of the...

Shares traded on the Chinese stock exchanges fell sharply yesterday as well, after a "brutal" year beginning (last week), amid worries concerning the slowdown of the country's economy.

The Directorate and the Supervisory Board of SIF3 Transilvania have decided to revoke the convening of the General Ordinary Shareholder Meeting of February 15th/16th, 2016, after the court suspended the request of a group of shareholders to have...

In the latest press conference of the NBR, governor Mugur Isărescu also mentioned the law of giving in payment, and stated that the reexamination of the draft law must take into account the recommendations received from the European Central Bank.

The markets in China have seen a new major decline yesterday, which caused the triggering of the "circuit breaker" mechanism, which halts trading to reduce volatility, for the second time this week.

The confidence in the ability of the major central banks to fix the mistakes from the period that predates the financial crisis has just been dealt a powerful blow.

Mişu Negriţoiu, the president of the Financial Oversight Authority (ASF), seems to have forgotten his self-declared goal he announced in the beginning of his term - the "depoliticization" of the institution, as written in a response sent...

The unemployment rate in Germany stayed at 6.3% in December 2015 - the lowest level since the reunification of the country in 1990 -, an evolution which places the biggest European economy on a solid position in the beginning of this year.

Shares of Banca Comercială Carpatica (BCC) have risen substantially lately, amid the repeated announcements about the agreement with American fund J.C. Flowers to acquire the Sibiu-based lender, but it would seem that the transaction has been...

The initiators of the giving in payment law (lawyer Gheorghe Piperea and liberal deputy Cătălin Zamfir) consider the position of president Klaus Iohannis in his argumentation for sending the law back to the Parliament as being balanced.

Inflation in the Eurozone was not as high in November as expected in the initial official estimates, according to data published on December 16th by Eurostat, but analysts predict that the deflation fears will persist in the coming months.

The industrial output in the Eurozone has increased above expectations in October, after dropping for two months in a row, which could mean that the expansion in the region may have accelerated towards the end of the year, according to Eurostat.

The tentacles of the scandal concerning the Law of giving in payment keep stretching farther, and over the last few days, the clash has revolved around the issue of the National Anti-corruption department.

The elections for a new Board of Directors of the Bucharest Stock Exchange have been compromised yesterday, following a string of embarrassing mistakes in the organization of the General Shareholder Meeting.

Dan Paul, the president of the Association of Brokers, and Lucian Anghel, the current president of the Bucharest Stock Exchange, seem to be the favorites for the supreme management of the Bucharest Stock Exchange, splitting the shareholders into...

Germany's trade with the rest of the world has slowed down in October, as its exports and imports fell compared to September, due to the difficulties on the emerging markets, especially in China, Brazil and Russia.

The "BURSA" press group won the special award for 25 years of unbiased press, on Tuesday night, at the Capital Market Awards Gala, organized by the Association of Brokers.

First of all, the Cioloş technocratic government announced it would put up for public debate the draft budget.

Lawyer Gheorghe Piperea has succeeded in obtaining a meeting with the officials of the Presidential Administration, on the issue of the giving in payment of homes.

Greece will loosen restrictions on capital movements in order to allow domestic investors that want to buy stock through the Athens Stock Exchange to use the locked money they have deposited in Greek banks, Charalampos Gotsis, the president of...

The talks that took place last week, concerning the Law of giving in payment, between the officials of the Presidential Administration and those in the banking system, have attracted major controversies.

If she had stuck to announcing that the minimum wage would not be raised until an impact study was done, the new Finance minister Anca Dragu Paliu would have simply confirmed that she is part of a technocratic government, but she had to go and...

Last week was an extremely tumultuous one for the banking system, after the law of giving in payment which allows the giving of the property to extinguish bank debts was passed by the Parliament.

The unemployment rate in France has risen in the third quarter of 2015, reaching its highest level since 1997, according to the National Statistics Institute (INSEE) of Paris.

Klaus Iohannis has signed the law which allows the confiscation of unguaranteed deposits (bail-in) to save distressed banks, by promulgating yesterday the law on the resolution and recover of banks and investment firms.

The heated debates around the law of giving in payment of the ban collaterals have brought to the attention of the public a number of arguments which were far too underexplained by those that used them.

"Flori de IE", together with the Romanian Cultural Institute of New York is organizing, between December 1st and December 11th a special event, ENDLESS ROMANIA, a unique exhibition of traditional Romanian outfits, which will be hosted at...

Banks, particularly small and medium sized ones, will be forced to increase their efficiency and to focus on niches, according to Cătălin Pârvu, member of the Board of Directors of the Romanian Banking Association (ARB).