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The National Anti-Corruption Department yesterday announced the placing of Ioan Bendei, vice-president of RCS&RDS under court supervision for offering bribes and complicity to money laundering, and a seizure of 13.7 million lei of RCS&RDS...

A good starting point in analyzing the current domestic politics is the visit of president Iohannis to the United States, which will take place between June 4th and June 10th. It is important not just from the angle of strengthening the...

Most likely this week, the government is set to approve the draft law which, according to the European directive in the sector, provides the exchange of fiscal information between countries, in order to allow a thorough control of revenues and...

In 2007, we had a EU-facing strategy, and now we need a Eurozone-facing strategy, said Adrian Vasilescu, strategy consultant with the National Bank of Romania (NBR).

The public agenda in Romania is dominated by the SIPA scandal, and, more recently, by the activity of the Parliamentary Investigation Commission concerning the presidential elections of 2009. There is no more room for anything else and much less...

After neglecting its own interest for years and despite the warnings of the Court of Auditors, the authorities of the state have accepted the postponement of the share capital increase, with the plots of land contributed by "OMV Petrom",...

Aside from the banks in Romania interested in acquiring Bancpost, there are also apparently some foreign entities that have set their sights on Bancpost, according to some market sources. They are saying that one of the players who may be...

BCR yesterday apologized to one of its customers, after BURSA reported that their performing loan with no arrears is registered with the Cadastre Office as having been assigned to a company headquartered in Luxemburg.

The European Commission reacted on Tuesday, after the deputies of the Commission for Industries and Services have passed a series of amendments to the Natural Gas Law, according to which the gas producers will be required to fully trade their...

Shares of DIGI Communications (DIGI) have been listed yesterday, on the Bucharest Stock Exchange, closing the session at 41.2 lei/share, up 3% over the price in the IPO, after closing at 41.7 lei/share. In the beginning of the trading session,...

• UPDATE 10:12 DIGI stock opened at 41.7 lei/share 

SIF2 Moldova wants to conduct public buyback offer for its own shares and has already submitted the prospectus for that offer with the Financial Oversight Authority (ASF), according to an announcement.

• The draft law concerning the approval of the Memorandum of Understanding concluded between the Romanian state and The Rompetrol Group NV got a negative opinion from the Constitutional Commission in the Senate  

The Financial Oversight Authority (ASF) needs to urgently refer the matter to itself concerning a potential market manipulation, in the case of the use of bank guarantee letters in the Digi Communications IPO, which inflated demand, leading to an...

Whether it meant to or not, the National Anti-Corruption Department was a major player in the offer for the listing of Digi Communications, the parent company of RCS&RDS.

Few of the investors in the Digi Communications offer got scared off by the prosecution of two of the RCS&RDS executives and withdrawn their subscriptions, after the amendment of the prospectus of the IPO.

Andreea Lambru, the new chairman of the supervisory Board of Hidroelectrica, doesn't expect the company to get listed this year, hinting that time is needed for the Ministry of Energy to change the privatization method, in order to make the...

For the economy to grow, we need as many privatizations on the stock exchange as possible, listings of great companies and a sustained education at the national level, so that the investment in the stock market becomes a rule for people who have...

Valentin Lazea, the chief-economist of the NBR, is making progress, setting foot into cultural territory.

The blockchain technology is part of a recent technological revolution, started in 2008 with the alternative currency bitcoin. In the aftermath of the appearance of p2p programs (such as BitTorrent, Napster, KaZaA), an architecture which,...

Taxes that can't be paid online will not be paid at all, Ilan Laufer, state secretary in the Ministry for the Business Environment, Trade and Entrepreneurship (MMACA), who mentioned that by December 2nd, 2018, every payment to the state would...

EU politicians and the international markets have received with enthusiasm the result of the first round of the presidential elections in France.

OMV, the majority shareholder in "Petrom", has initiated an arbitrage proceeding against the Romanian government, on March 7, in the International Court in Paris, for the payment of environmental obligations of 34 million Euros, which the...

The quick expansion of lending and the effects of the crisis have led to the accumulation of a high volume of non-performing loans, (NPL), "substantially resolved in the last two years", Florin Georgescu, first deputy governor of the...

The lending boom in the second half of the last decade was caused by a combination of factors, with the most important being, according to the opinion of the NBR, the overall trend towards deregulation and laissez-faire worldwide, the full...

The National Institute of Magistrates organized on April 10th, 2017, in its continuous training program, a new seminar with the participation of representatives of the National Bank of Romania.

The current management of the Bucharest Stock Exchange and its employees will be awarded shares that are bought back as part of a buyback program, as the shareholders of the BSE have decided yesterday, who have thus rejected the proposal of SIF...

Dutch company "Digi Communications N.V.", the majority shareholder of "RCS&RDS" SA which holds 95.79% of the shares, yesterday announced that it intends to get listed on the BSE. The details of the offer will be published in a...

It's been already five years since Victor Ponta and the PSD government should have raised the state's stake in the biggest Romanian company, OMV Petrom, Florin Cîţu, the vice-president of the Budget an Finance Commission of the Senate...

"Ferrovial" SA, the Spanish company that is the biggest shareholder in London airport Heathrow, has decided to halt future investments in the airport, due to the uncertainties tied to the exit of Great Britain from the EU (Brexit).

"Sadalbari" SRL, which owns 69% of "Romcab" (MCAB) has entered insolvency upon request, on March 31st, according to the ruling of the Court of Mureş.

Four consumer associations - Parakletos, the Association of Romanian Financial Services Users (AURSF), the Association for the Counseling of Romanian Bank Customers and Insurance Policy Holders (ACCBAR) and the Pro-Consumer Association (APC...

Tudor Ciurezu, together with four other candidates for the Board of Directors of SIF5 Oltenia, have won new four-year terms each, following the elections held in yesterday's General Shareholder Meeting.

The elections for a new board of SIF Moldova yesterday went without unspectacularly, as the five board members of SIF2 who were in the running - Costel Ceocea, Horia Ciorcilă, Claudiu Doroş, Cătălin Iancu Jianu and Radu Octavian - succeeded in...

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,...