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Senators of the Economic, Industry and Services Commission have voted against the draft law to approve the Memorandum of Understanding between the Romanian state and The Rompetrol Group N.V of February 15th, 2013.

The granting of state aids to companies with foreign shareholders is a controversial subject, as Romanian businesspeople claim that while the state finances the multinationals, it doesn't support domestic entrepreneurs. It is well known that...

Banks continue to discredit themselves publicly, now drawing the hostility of the Supreme Council of Magistrates (CSM), in the war they are waging both against their own customers and against the Parliament: in the beginning of July, Steven van...

Most Eastern-European countries have succeeded in getting rid of communism, at least on a declarative level, through "the victory" of some "velvet" revolutions.

Lucian Croitoru, advisor to NBR governor Mugur Isărescu, last Wednesday issued some kind of political theory by which, if I understand it correctly, he accredits the principle that the NBR necessarily becomes the whipping boy of the political...

Once upon a time, there were five international audit, tax and audit consulting firms. Arthur Andersen disappeared in 2002, after it was convicted for the involvement in the Enron fraud.

The Ministry of Public Finances plans to issue government bonds for the population annually or even twice a year, but the amount will be announced for each individual case depending on needs and market conditions, Minister of Public Finance Anca...

Six investors, including American funds Apollo Global Management and KKR, are interested in the platform that will manage non-performing loans of approximately 9 billion Euros of the portfolio of "Banca Monte dei Paschi di Siena" SpA,...

Romania currently has an absorption rate of 0% of European funds a in the 2014-2020 budgetary exercise, European Commissioner for regional policies, social-democrat Corina Creţu said on August 2nd. She says that Romanian authorities are working...

Bogdan Olteanu yesterday resigned from the position of deputy governor of the National Bank of Romania, after he was detained by the National Anticorruption Department and placed under house arrest by the supreme court, on allegations that he has...

Activist Liviu Mihaiu said: "Vîntu doesn't own stock in me or in my conscience", a statement made after the nomination as journalist at "Caţavencu" (a press entity which was owned by Vîntu at the time), directly in the...

The bail-in (the seizure of unguaranteed deposits to save distressed banks) has become a hot topic over the last few days, increasingly approached by the media institutions, but also by analysts, legal experts and members of Parliament.

The reaction of NBR counselor Cristian Bichi, who posted on the NBR website the following clarifications, is increasingly important for BURSA's readers, because the "bail-in" subject (which BURSA has been debating since 2013) has been...

At a late hour on the last working day of the month of July 2016, the European Banking Authority will publish the result of the latest stress test applied to the most important financial institutions on the continent.

The enumeration might begin with the astronomic amounts that modern day states have borrowed from their citizens. And they keep on taking on more debt! I will leave this analysis to economists.

Turkish president Recep Tayyip Erdogan has announced last Wednesday that he was declaring a state of emergency for three months in Turkey, following the failed coup that occurred last week.

Several associations of Turkish businesspeople in Romania, along with the Romanian-Turkish Chamber of Commerce, have condemned yesterday the attempted coup that happened in Turkey, against the Recep Tayyip Erdogan regime, stating it was "an...

The Istanbul Stock Exchange had a downward trend yesterday, as is major index lost over 8% following Friday's attempted coup.

Tayyip Erdogan has received a coup as a present! From Allah himself! That's what Turkey's president claims, and we have no reason to doubt him, for now. The exceptional nature of the gift stems from the fact that it wasn't a coup that...

The new British prime-minister, Theresa May, agrees with Jean-Claude Juncker, the president of the European Commission, who said that Great Britain must exit the European Union quickly.

Investors have subscribed government bonds worth 108.8 million lei, in the first two days of the issue by which the state wants to borrow 100 million lei from the population, according to Ştefan Nanu, general manager of the Treasury Department...

In a banking system built on the foundation of money being created by banks through granting loans and fractional reserves, insolvency is the natural state of things.

When it came time to violate the European treaties for the introduction of the extraordinary measures of the European Central Bank, Mario Draghi was not concerned at all about the undermining of some fundamental principles.

Ever since Klaus Iohannis has asked for a "Country project", I have felt the need to go to Sinaia.

Prime-minister Dacian Cioloş had a busy schedule yesterday. After putting up for public debate, "Competitive Romania: a project for a sustainable economic growth", he also proceeded to replace four ministers in charge of four important...

Co-financing has represented the main issue in accessing European funding between 2007 and 2013, Agriculture minister Achim Irimescu said, and he stressed that it is essential for Romania to focus on resolving this issue.

After it's become obvious how the British are acting all avoidant, after the Brexit, now would be important to read the reactions of the other "partner" in the divorce, the European Union.

Gossipers are saying that in a conversation (a private one, of course) Queen Elizabeth the 2nd has asked for three reasons why Great Britain should continue to be a member of the European Union.

If you were to believe the news grinders of the world, which need an event that shakes the world every thirty minutes, for their business to work, Great Britain should have sunk like a New Atlantis, under the huge tidalwave of the flood.

In its over a hundred fifty years of its life, it has rung the time of history! The hour of the imperial greatness, spanning more than half of the Earth's surface, as well as the hour of the long sunset of Great Britain's global power.

IT viruses dedicated to banking services have been configured to be used on the Romanian banking market, said Cătălin Pătraşcu, the head of the IT Security and Monitoring Service of CERT-RO.

Just like the web has no borders, cyrbercrime has no borders either, Radu Horia Dorcioman, state secretary in the Ministry of Communications and Computerized Society said in the opening speech of the 2nd edition of the Cybersecurity conference,...

The insolvency companies involved in the bankruptcy of Silver Mountain are mutually accusing each other, leading to a true row around the actions committed by the Romanian Commercial Bank in the insolvency and bankruptcy proceedings of the real...

Having come into effect almost a month ago, the Law of giving in payment continues to produce tensions, controversies, as well as hilarious situations, as officials of respectable institutions continue to contradict over its effects.

The Romanian local elections are a special case of intermediate elections.

It would be a mistake to accept that the nation is unfaithful, that it keeps choosing new political colors for the presidents' sheets, because in these 25 years it only had one love - PSD -, never did another political party get the...

The Brexit doesn't matter.

Even though it hasn't realized it, the Bucharest Stock Exchange has received yet another cold shower, on Friday and Saturday, when it organized the second edition of the "Banii Tăi Expo" ("Your Money Fair"), in the University...

Delegates from Austria, Belgium, Croatia, Czech Republic, Germany, Italy, Montenegro, Netherlands, Spain, Romania and the United Kingdom descended on Barcelona on the 26th of May for the 2nd edition of the Euromat Gaming Summit.

The primary elections in the US are nearing the end, and results so far show that Donald Donald Trump will be the Republicans' candidate, while the Democratic Party seems ready to go all the way to make sure that Hillary Clinton stays in the...