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The long awaited proposal of the conversion of CHF loans was rendered toothless yesterday by some proposals backed by the Government and by most MPs who were present yesterday in the meeting of the specialized commissions of the Chamber of Deputies.

The Euro rose constantly last week against the leu, from 4.4484 lei/Euro on Monday, October 3rd, to 4.4949 lei/euro - on Friday, October 7.

The European Central Bank has recently published the data of the TARGET2 (Trans-European Automated Real-time Gross settlement Express Transfer) system, which facilitates real time settlement for payments in Euros.

In its Tuesday issue, "Bursa", printed an interview with Lucian Isar. It was recorded by: Emilia Olescu and Ancuţa Stanciu. The first question: "Adrian Vasilescu claims that during the crisis, the National Bank would have committed a...

Deputies of the legal and budget commission have once again postponed the talks on the legislative draft concerning the conversion of foreign loans taken out in foreign currencies. The debates have been postponed until Monday, and MPS have...

Bucharest's warm water supply won't be cut off in the next seven days, because ELCEN has found the funds it needs to pay the gas supplied by Romgaz, Corina Popescu, state secretary in the Ministry of Energy said yesterday, after an...

Raiffeisen Bank Internaţional is about to lose any chance of taking the Romanian state to the International Centre for Settlement of Investment Disputes (ICSID), after sending a notification to the Romanian institutions about the law of giving in...

Daniel Dăianu yesterday published his opinions about the mistakes that Romanian banks have made lately, in their relations with their customers - a remarkable change in discourse compared to the one that we had become accustomed from the members...

The global financial crisis, after which large international banks needed the help of governments in order to survive, has led to the demolition of the myth that financial institutions can manage the risks that they have assumed.

French President Francois Hollande is visiting Romania, three days ahead of a European summit ahead of a post-Brexit European summit in Bratislava meant to breathe new life into the European Union, shaken by the decision of Great Britain to leave...

Like any member of the UN, Romania has an annual membership fee to pay. The amount can be reduced or fully offset by providing some services. One way for Romania to meet these obligations would be to make available 10-12 military helicopters to...

The law has achieved a new victory against the National Bank of Romania yesterday, as the latter has posted the full wealth statements (including the annual net revenues) of its executives, on the website of the institution.

The Bucharest Stock Exchange (BSE) has been going from bad to worse over the last three years, after the arrival of Ludwik Sobolewski as CEO, according to the performance ratios, which were set in his contract.

The Bucharest Stock Exchange (BSE) has been going from bad to worse over the last three years, after the arrival of Ludwik Sobolewski as CEO, according to the performance ratios, which were set in his contract.

Advertising on Profit.ro and News.ro gets sold through "Ead.Ro Interactive", currently owned by Raduly Ramona-Cristina, who was among the names proposed as board members for Profit.ro Publishing, in the place of journalist Oana Osman, but...

The annual inflation rate in the Eurozone has remained stable in August compared to July, at 0.2%, according to a preliminary estimate published on Wednesday by the European Statistics Office (Eurostat).

French president, Francois Hollande, will inaugurate the Airbus plant in Ghimbav on September 13th, according to sources close to the investors. According to Serge Durand, the CEO of Airbus Helicopters Industries, the first helicopter made in...

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.