English Section

The National Tax Administration (ANAF) has found, following the specialized inspections conducted in the banking system, that one of the banks that operates on the Romanian market owes the state about 9 million Euros, according to the...

The Financial Oversight Authority (ASF) has not identified any groups of shareholders acting in concert with holdings that exceed the 5% legal process, at SIF5 Oltenia, according to sources from the stock market, meaning that no limitations of...

The intense debates in the Industries Commission of the Chamber of Deputies, about Government Emergency Ordinance 64/2016 concerning the liberalization of the natural gas market did not yield any results, because the Ministry of Energy thought...

Mircea Ursache, the vice-president of the Financial Oversight Authority (ASF), has announced yesterday that the institution will sanction shareholders acting in concert, prior to the general shareholder meetings scheduled next month at the SIFs,...

The chief prosecutor of the DNA, Laura Codruţa Kovesi, yesterday had a meeting with Justice Minister Tudorel Toader, after which she stated that she wasn't going to resign as head of the DNA nor was she asked to.

Greece's national motto is "Freedom or death", and the title of the state hymn is "Hymn to Freedom". On March 25th, the Greek republic celebrates its National Day, which marks the beginning of the Independence War of 1821,...

The survival of empires, and even that of countries that do not harbor such ambitions, depends on the existence of at least two fundamental conditions: a functional economy, that ensures its citizens' prosperity, and social cohesion.

An issue raised by lawyer Gheorghe Piperea, last year - the fact that the Proprietatea Fund has reduced its share capital, even though it was posting losses in 2015, a fact which is prohibited by the Law 31/1990 concerning commercial companies -...

The recent debates on the Emergency Government Ordinance 64/2016 concerning the liberalization of the natural gas market starting with April 1st have caused arguments in the Industries Commission of the Chamber of Deputies. Some claim that this...

His Excellency, Kisaburo Ishii, the Ambassador of Japan to Bucharest, arrived in Romania in October 2015.

The elections for new elections at the SIF are causing tumult on the stock market. What's at stake are the assets of 1.69 billion Euros of the five companies.

A group of "Romcab" (MCAB) shareholders, who together hold more than 5% of the company, has asked for an addition to the agenda of the General Shareholder Meeting of March 27th: the proposal for the approval of the liability lawsuit...

The governor of the NBR will not have criminal and civil immunity for his position of president of the National Committee for Macroprudential Oversight, according to the new form of the law which regulates the creation of this entity, passed...

WTCB was created in 1994, as a joint Romanian-French company, in which the Romanian party held 55% of the shares. The World Trade Center Bucureşti complex also includes the 4-star Pullman hotel, which is part of the Accor international network....

The signals on the domestic market, as well as the ones from the international markets, increasingly show us that the budget "fantasy" of the new government will be very costly for Romania, and the "price" that we are going to pay...

The amounts paid to banks by the National Fund for the Guarantee and Counterguarantee of Small and Medium Enterprises Loans (FNGCIMM) for the First Home Program get recouped from debtors, through foreclosure, by the National Fiscal Administration...

Nongovernmental organization Transnational Institute (TNI) of Holland recently published an analysis of the costs and losses borne by the European taxpayers for the rescue of some of the important banks in the EU.

The management of the Bucharest Stock Exchange (BSE) wants the Romanian state to subsidize the listing costs for small and medium companies in Romania, following the Polish model, according to sources from the capital market.

Romanian banks only pay taxes if they want to, as they have a very complicated profit reporting system, according to official, very reliable sources.

The Romanian gambling sector has the best regulations in Europe, which has been admitted in the meetings which the National Gambling Office (ONJN) had at the level of the European Commission and the events it has attended, according to Odeta...

The Financial Oversight Authority (ASF) could intervene, through the legal means that it has available, to ask OMV PETROM to proceed to the increase of the share capital through contribution in kind with the equivalent value of the plots of land...

Steven Van Groningen confuses me with every one of his actions: "I care. That's why I was in that square", the Dutchman who is the president of Austrian bank Raiffeisen Bank, the chairman of the Council of Foreign Investors (for a...

SGS Romania, a company that provides certification and inspection services, yesterday confirmed, upon the enquiry of the BURSA newspaper that it has indeed signed a contract for the provision of services with "Romcab" Târgu Mureş.

Reporter: How do you think the major loss of approximately 39 million Euros which Romcab reported last weekend for the year 2016 can be explained, considering that after nine months, it had posted a net profit of approximately 9 million...

Cable maker "Romcab", which filed for insolvency on February 10th, yesterday posted a loss of 178.23 million lei in 2016, compared to a net profit of 42.13 million lei in 2015, as, on September 30, 2016, it had a net profit of 39.6...

• UPDATE "Romcab" had losses of 178.23 million lei last year, after it got a profit of 42.13 million lei in 2015, according to the preliminary financial report sent this evening to the Bucharest Stock Exchange. 

Reporter: What is your comment on the ruling of the Court of Arbitration of Paris in which ENEL is required to pay 401 million Euros to the Romanian state?

The request by "Romcab" (MCAB) to enter insolvency, submitted on Friday and reported yesterday to the Bucharest Stock Exchange (BVB), is causing anxiety among Romanian banks, considering that many of them have exposure to that company, as...

Radu Gabrea has died.

In the ruling of the Constitutional Court of Romania, (CCR) concerning the law of conversion, a grave mistake has been made, some specialists claim, who stress that the CCR has also invoked the principle of bicameralism when it has ruled that the...

That's it, PSD has eliminated all the problems that we were complaining about one month ago, we are no longer interested in the issues of the medical system, the devolution of the education system, the unusual taxation, Romania's assets...

Automobile Dacia and Renault Commercial Roumanie (a company that sells the Dacia, Renault and Nissan in Romania) have expressed at the end of last week, in an official letter, the decision to abandon the role of member of the Romanian Association...

PSD senator Eugen Teodorovici thinks that the Fiscal Council makes misleading predictions, and as a result has asked for the resignation of the president of the Fiscal Council on Tuesday. Ionuţ Dumitru said that he would not enter this...

CHF borrowers (CHF) keep their optimism and wait anxiously on any court ruling. Except their expectations have been denied lately, as many courts, as well as the Constitutional Court have postponed or denied as inadmissible various lawsuits or...

The First Home program may disappear this year, lawyer Gheorghe Piperea said in an interview.

Banks are the main accomplices of those who hide huge amounts of money in offshores, says European MP Cătălin Ivan, member of the Special Commission for the investigation of the Panama Papers scandal. He says that most of the money transferred to...

Investment bank Lehman Brothers announced its default on September 15th 2008, and has forced the global authorities to acknowledge the beginning of an unprecedented crisis.

The institution of the EU Ombudsman recently received a complaint from NGO Corporate Europe Observatory (CEO), concerning the ties that exist between major members of the ECB management and the Group of the 30.

Reporter: Your Excellency, you have recently said that Russia expects from the new government an improvement in the Russian-Romanian relations, which are currently very cold. What would help the relations between Romania and Russia...

Some would say that America's fate is sealed through the coming of a narcissist in the White House. On the other hand, Donald Trump's narcissism, as a president, is still an unknown, whereas Barack Obama's narcissism has been proven...