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The Financial Oversight Authority (ASF) has warned Rompetrol Rafinare (RRC) that is it at risk of being dissolved, as per the provisions of art. 15324 of the Law no. 31/1990 concerning commercial companies and has asked it to decide...

Franklin Templeton yesterday announced the appointment of Johan Meyer as Co-CEO al FTIML, Bucharest Branch and Portfolio Co-Manager of the Proprietatea Fund.

Four commissions of the Senate and Chamber of Deputies, reunited in a joint meeting, yesterday voted in favor of dismissing the president of the Financial Oversight Authority (ASF), Mişu Negriţoiu, in his absence.

"Make, I'm tired of living with an old fogey like you. Don't come looking for me; I have gone over the border with my German guy into Hungary..."

The Finance Minister tucked her head between her shoulders and did not utter as much as a whimper anymore, after the article "Schäuble la Ministerul finanţelor, ca Iglesias Jr. la Antena3" (Schäuble at the Ministry of Finance, just like...

The National Bank of Romania (NBR) injected yesterday over 4.12 million lei in the banking market, this being the fourth repo operation conducted by the Central Bank in October, after the ROBOR index began rising at an accelerated pace.

Wolfgang Schäuble, the rigid German finance minister, who was unyielding in his negotiations concerning Greece's debts, is now asking for the understanding of the Union's citizens and for their trust in the shared project, as "the...

UPDATE 17:22 Raiffeisen Bank has not sponsored the Romanian Ministry of Public Finance, nor yesterday's event that Wolfgang Schäuble, German Finance Minister attended, the bank stated in a response sent to the "BURSA" editorial office.

Almost one billion Euros was removed from Romania in the last five years, and all that money could have been used to finance many projects, the General Manager of the Major Taxpayers Department of the National Tax Administration (ANAF), Ionuţ...

This month, in the Senate, several deputies have proposed a draft to amend the Law of public procurement acquisitions and of the Law concerning the concession of works and services, which would allow investigated companies to participate in the...

NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate:...

Three media people (I find it hard to call them journalists) were trying to outdo each other in presenting comparative calculations originating from the specialists of the NBR, proving using arithmetic that loans denominated in CHF have been more...

A new world energy economy is in the process of developing, says economic analyst Ionel Blănculescu, who says that our civilization "needs to embrace renewable energy at a rate and at a pace that has never been seen before".

The bank debtors' struggle seems to be neverending.

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...