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While Agriculture Minister Petre Daea causes amusement through his speeches about sheep, Energy Minister Toma Petcu seems to be the champion of blunders.

The non-banking financial institutions have been fined a total of 337,000 lei, following the audit conducted by the National Consumer Protection Agency (ANPC), between May 8th, 2017 - June 16th, 2017, according to a report of the ANPC, published...

Liviu Dragnea "swore", in December 2016, on the electoral program, which then became the governing program and the "Bible of the PSD": he guaranteed, in a TV Show, that he would abide by it or else he would resign.

Nearing the end of his term, Ludwik Sobolewski, the CEO of the Bucharest Stock Exchange (BSE), is bragging about things that he didn't do, perhaps in an attempt to persuade he deserves to stay at the helm of the BSE, especially for the...

Two SIFs are in complete deadlock and one more is getting close to a similar situation, as the Financial Oversight Authority (ASF) has not approved the new board members elected in the General Shareholder Meetings of April.

• UPDATE The liquidation of Veneto Banca and Banca Popolare di Vicenza can cost 17 billion Euros 

The motion of no-confidence did not decapitate the Grindeanu cabinet, because through the mass resignations of its ministers one week ago, all that was left of the Government was precisely the head which they had nothing to separate it from,...

The National Bank of Romania yesterday announced a reference exchange rate of 4.5957 lei/Euro, the lowest level since August 3rd, 2012, when it stood at 4.6481 lei for an Euro, as, since the beginning of the crisis within the PSD, the national...

• Update 11:56 The deal between the UDMR and the PSD on the vote of no-confidence fell through 

As Pope of the PSD, Liviu Dragnea has issued a vicious Papal "Bull" whereby he authorizes anybody to obstruct the government and grants anybody the permission to hurt PM Sorin Grindeanu, using whatever means at hand.

The global crisis at the end of the last decade has been "resolved" through an unprecedented stimulation of lending, but the turnaround of the real economy, whose sustainable character is still making its presence felt, did not live up to...

The reception of president Klaus Iohannis in the White House in a working visit has been analyzed as a state one, following the good agreement that the two leaders had.

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...