English Section

• Cappon, Prodan and Sobolewski yesterday had their interviews for the position of CEO of the BSE 

The Ministry of Public Finance (MFP) has created the legal framework which will allow it to sell government bonds to the population directly through the State Treasury and intends to use that system for the next issue aimed at individual...

Andre Cappon, the president of the CBM, Inc. group of New York, comes with a different perspective on the future development of the Bucharest Stock Exchange than that of the current management of the market operator. In his opinion it would be...

Three candidates have been included in the race for the CEO seat of the Bucharest Stoch Exchange (BVB), during the internal selection process initiated by the Board of Directors, namely, Paul Prodan, the president of the Board of Directors of BT...

Social Democrat leaders have approved the request of PM Mihai Tudose to set up an investigation commission which would audit the activity of the National Authority for the Regulation of the Energy Market (ANRE) and the "play" behind the...

In a promotional campaign that isn't justified by reality in any way, the Bucharest Stock Exchange (BVB) is being maneuvered by its president Lucian Anghel into posting wacky press releases almost daily, such as the one posted yesterday,...

Even though the Bucharest Stock Exchange has announced it is looking for a CEO, it is likely that Ludwik Sobolewski will remain on the payroll of the BSE for two more years, because his contract includes a non-compete clause.

Hundreds of millions of Euros have gone from our banks to tax havens, Minister of Public Finance Ionuţ Mişa states, in an interview with a financial newspaper. The official thus confirms what BURSA has reported as early back as the beginning of...

Reporter: What is your opinion on the decision of the authorities to once again change the Energy Strategy?

Radu Hanga, senior advisor for the Board of Directors of Banca Transilvania, is the only candidate proposed to fill out the Board of the Bucharest Stock Exchange, after the death of Cristian Micu, as the shareholders are looking to make a...

The amendment of the Energy Strategy in one month is a bad joke, says Jack Cutişteanu, CEO of Petprod, reacting to the announcement made by the representatives of the Ministry of Energy, according to which the Romanian authorities intend to...

The leu yesterday weakened again, reaching the level of 4.5985 lei against the Euro, after on Monday it was quoted at 4.5958 lei.

The 2nd pension pillar continues to be the focus of politicians, who come out with conflicting statements on the matter. After last week, PM Mihai Tudose and deputy prime-minister Marcel have confirmed that the Government is working intensely on...

The embarrassing situation generated at the Bucharest Stock Exchange (BSE) by its former CEO Ludwik Sobolewski, who, with the complicity of BSE president Lucian Anghel, has tried, against the will of the Board of the Exchange, to perpetuate its...

The 2nd pension pillar is once again grabs the attention of the public, after information from sources surfaced yesterday that the Ministry of Public Finances intends to cut by half the contribution to the private mandatory pension funds.

Ludwik Sobolewski announced, on Monday night, that he has decided not to exercise his mandate as CEO of the Bucharest Stock Exchange, "even though he could", invoking an alleged difference between "mandate" and "the mandate...

We are left with one expression - "You've stooped to Sobolewski's level?!" - because the former CEO of the BSE has become a proverbial figure through his unprecedented scandal which he sparked off yesterday, after the end of his...

Mihai Fercală, the executive chairman of SIF Transilvania, a shareholder which owns approximately 8% of the BSE, thinks that the mandate of Ludwik Sobolewski as CEO of the BSE has expired yesterday, August 21st.

Starting today, Ludwik Sobolewski should be handing in the keys to the BSE (more specifically, the access card, the computer passwords), as well as the goods availed to him by the exchange - the car, the phone, the laptop.

Twenty seven banks haven't paid any profit tax in the last 6 years, which has shaken Minister of Public Finances Ionuţ Mişa, as well as some MPs, bankers and even the Governor of the National Bank of Romania (NBR) Mugur Isărescu.

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...