English Section

Considering how many tricks Lucian Anghel, the president of the Bucharest Stock Exchange has tried, in order to extend the term of CEO Ludwik Sobolewski, it would be actually crazy if they didn't pull it off.

The state speculates the economy and household consumers, through Hidroelectrica, CEO, Nucleareletrica and CEH, says Jack Cutişteanu, the CEO of Petprod, referring to the evolution of the price of electricity on the spot market of the OPCOM...

Public Finance Minister Ionuţ Mişa says that almost three quarters of banks operating in Romania haven't paid profit tax in the last few years. With that statement, the head of the Finance Ministry confirms what BURSA reported five months ago.

The price of electricity and its increase on the Day-ahead market (PZU) of the OPCOM exchange keeps causing discontent among the players and specialists on the market and is keeping consumers on edge, as they will probably feel the price hikes of...

The announcement of Hungarian gas operator FGSZ that BRUA would end in Hungary instead of in Austria was surprising and it didn't come as a result of consultations with its regional partners or the European Commission, European MP Ramona...

Lucian Anghel, the president of the BSE, today summoned the Board of the BSE to discuss the terms of the contract of Ludwik Sobolewski, whose mandate expires on August 21st. According to sources close to the situation, Lucian Anghel is going to...

The results of the tests concerning the double standard, conducted on some of the foods and presented on Wednesday by agriculture minister Petre Daea has raised a series of questions, angering both the press and the representatives of consumer...

At Oltchim there is corruption and there are no parasite companies, lawyer Gheorghe Piperea, bankruptcy trustee of the Râmnicu Vâlcea plant, in response to the statements made over the course of last week by Ştefan Vuza, the owner of Chimcomplex...

The Austrians of Strabag are asking for 140 million Euros for the building the Marriott hotel of Bucharest is operating in, according to sources close to the deal.

The BRUA pipeline, which was supposed to go through Bulgaria, Romania, Hungary and Austria, will have the same fate as Nabucco, meaning it won't be built, some market specialists think.

CEC Bank intends to end this year with a three figure profit, Radu Graţian Gheţea, the chairman of the bank told us in a sizeable interview.

"Romcab" (MCAB) has the same reporting obligations, during the restructuring period, that it does during its regular operation, said Mircea Ursache, vice-president of the Financial Oversight Authority, (ASF), who told us that the ASF has...

The Financial Oversight Authority is conducting an analysis of the manner of summoning and unfolding of the Board of Directors of the Bucharest Stock Exchange Mircea Ursache, vice-president of the ASF confirmed for BURSA.

The Association of Brokers has taken a stand against the exclusion of the BURSA newspaper from the guest list of the official events of the Bucharest Stock Exchange, reported on Friday.

The officials of the Bucharest Stock Exchange avoid explaining why they are excluding BURSA from events.

Ludwik Sobolewski, who called himself the Alpha Male of the stock market, has received from BSE president Lucian Anghel, an offer for a new term as CEO of the Bucharest Stock Exchange, which includes a fixed salary cut by half, according to some...

The commotion caused by the old news that BURSA published, which were revealed as if they were new, by the Rise Project "investigators", drew attention to the detail, (that we presented eight years ago), that Liviu Dragnea, as president...

The news that PSD president Liviu Dragnea is the shareholder of Tel Drum S.A., which does road infrastructure works and which was awarded all the contracts of the County Council of Teleorman in 2007-2008, which was led by Dragnea, is the main...

"Romcab", which filed for insolvency in February, had inventories of 493 million lei at the end of 2016, according to the certification report received by EximBank, according to a response of the Ministry of Public Finances to an enquiry...

Whereas in 2012, the privatization of "Oltchim" generated a media blitz, as the opening of the bids occurred with the participation of the press, yesterday, the closing of the call for tenders for the nine asset packages of the plant...

The Italian Chamber of Deputies recently organized the conference called "Italy's public debt in the Eurozone", which saw experts in the restructuring of public debt, academics, journalists and investment fund managers.

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...