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The refusal of the ASF (Financial Oversight Authority) to approve the mandatory public takeover bid for the Electroargeş SA shares, submitted by Investments Constantin SRL, will be investigated by the prosecutors of the National Anti-Corruption...

Readers of the BURSA newspaper yesterday anticipated the decision made yesterday by prime-minister Florin Cîţu. 55% of 1488 respondents to our poll launched following last week's events of the Foişor hospital voted in favor of Vlad Voiculescu...

The draft law for amending and supplementing Law no. 85/2014, a legislative initiative that will transpose into national law the European directive 2019/1023 will introduce a culture of prevention through the pre-insolvency procedures included in...

Citibank - 25 years of operation in Romania

"Banks are currently at a time where they are going through a reinvention"

(Interview with Ivan Vrhel, CEO of Citibank România)

The Maldives, spread across the Indian Ocean, are naturally protected from the coronavirus through their isolation from the rest of the world, surrounded by water. Maldives manages to bring back your sense of silence and normality, and the...

• Ben Madadi: "It amazing how millions of people are being financially harmed" 

• "A cleanup that is already long overdue needs to happen on the Romanian stock market, and investor rights need to be taken seriously", the investor...

On March 18, the European Commission presented the proposal for the implementation of the digital Green Certificate, in order to reopen tourism and free circulation within the EU, amid the so-called Covid-19 pandemic. We are not talking about a...

Over the last year, the global topic has been the Covid-19 pandemic and the potential treatments which could be administered in the event of getting infected with this virus. Controversies on the topic are many, and in many countries various...

An increase in the volume of non-performing loans is one of this year's risks for the banking system, Gabriela Folcuţ, Executive Director of the Romanian Banking Association (ARB) told us. "The Balance of Non-Governmental credit evolved...

• "Markets currently overestimate the inflationary peril", says James Rickards

• According to the economist, in 2008 a dollar produced over 10 dollars worth of goods and services. Today that same dollar barely produces another three

The US economic stimulus plan, proposed by President Joe Biden, was passed on Wednesday after receiving the final vote in the House of Representatives, creating a success for Joe Biden, 50 days after his appointment into office, but only...

"There is nothing left to discover in physics, all that's left to make the measurements more accurately," said Lord Kelvin towards the end of the nineteenth century

Drawing up the state budget draft, resuming the school year, in the second semester, with pupils and students physically attending courses, the waiving of free access to railroad transport for students, the protests of the public sector employees...

Tens, hundreds, sometimes thousands of people are seized by a frenzy of dancing, without any cause or plausible motivation, a frenzy which they are unable to control and which only total physical exhaustion ends. The collective phenomenon...

• The European Commission has decided that coal needs to be replaced with renewable sources of energy by 2050 

• Miners complain that the authorities are ignoring their proposals concerning what will happen to them after the closure of the mines...

• Republicans: "The stimulus plan passed by the American congressmen, too expensive and too badly targeted" 

• Democrats want the passing of the plan by March 14

The House of Representatives in the US passed at the end of last week,...

• Investment banks estimate a price of 100 dollars/barrel in 2022  

• Bank of America, Socar Trading and Energy Aspects have the highest estimate concerning Brent crude in the next two years

Investment banks and crude traders expect an...

Starting from the negative performance of some projects for organizing the participation of Romanian companies in international fairs, the Minister of Economy decided to stop their financing.

2021 will be the year in which many companies, especially SMEs, will have to find solutions for survival. Entrepreneurs are in a position where they have to pay off their outstanding debts, rolled over from last year, and that will be mission...

Upon exiting the Middle Ages, poverty was the same everywhere, both in Russia, France, Romania or Denmark.

About 200 years ago, in the beginning of the 19th century, if your family was part of the poor, it didn't matter where you were born...

For a long time, when some banks have to implement certain European directives, they blame the NBR in order to justify themselves, said Adrian Vasilescu, strategy consultant at the National Bank of Romania

The appetite of investors or traders in Romania for foreign markets exploded last year, which was reflected by the activity of brokerage firms which offer instruments to access the international markets (both via holding assets or via...

The global debt has increased 24.1 trillion dollars în 2020, amid extraordinary programs to combat the coronavirus pandemic, amid a decline of nearly $ 1 trillion in Global Gross Domestic Product, according to the latest Global Debt Monitor (GDM)...

In the same country, in the same capital, on the same day, at the same time, CFR members protest, hoteliers and restaurateurs protest, a police union protests in front of the Government building, and the Prime Minister exults with joy and...

Cryptocurrencies can no longer be ignored by banks and categorized as a fringe movement, something which has become increasingly evident lately as investment in the cryptocurrency market has grown considerably, and high-profile names such as Elon...

The Financial Oversight Authority does not hesitate to amaze us every day through its rulings made in certain cases, in which either the Drăgoi family is involved, or its employees appear ephemerally, who make allegedly totally disinterested...

Euronext Amsterdam, the Amsterdam stock exchange, overtook the London Stock Exchange (LSE) in January 2021, becoming the largest European stock trading center, as Brexit forced EU investors to use platforms within the EU bloc.

• The decision of the shareholders of SIF Banat-Crişana to exonerate Bogdan Drăgoi, analyzed by the court of first instance 

• The drawing up and the carrying out of a package of measures for the recouping of an alleged loss caused by former...

Twelve heads heads of department and services have so far lost their well paid jobs from the Financial Oversight Authority (ASF), during the term of Nicu Marcu, in the context of the reorganization of the institution

New technologies, the internet, as a support for social media, can act as a factor for the "democratization" of access to dialogue, to the social and political life, to decisionmaking. To use a concept of Albert Hirschman "Exit, voice...

By taking on the role of coordinator of the European anti-Covid vaccination program, the European Commision, as well as the main centers of power have sought to show everybody what unity and effectiveness in the fight for the common good mean

January 2021 has debuted with the liberalization of the energy market for households, continuing, inter alia, with the cut of the policy rate, the decision that the interest rate cap is unconstitutional, as well as many controversies...

A Reddit group with millions of members, WallStreetBets, has been the main topic in the international press for the past two weeks. These investors, who call themselves "degenerates", perhaps in order to distinguish themselves from the...

The anti-Covid vaccination is an ongoing hope to be able to resume our normal life as we wish, says Andreea-Anamaria Moldovan, Secretary of State in the Ministry of Health.

One of the important ministries in any government, if not the most difficult to manage, is the Minis-try of Economy.

European Central Bank officials recently came to the press with statements questioning the "truth value" of the declarations made by the institution's president, Christine Lagarde.

The perception on corruption in the public system and the business sector in Romania remains unchanged, compared to 2019, just like in the case of Hungary, while Bulgaria is ranked one point higher than last year.

Reporter: Lately, several employees of ASF have resigned or been fired. I would refer to Mr. Ciprian Copariu, who oversaw the capital market for almost 20 years. What is the reason for those departures? Are they related to the oversight failures...

Reporter: What are the marks that 2020 has left on the entrepreneurial sector?

The current concern in the electricity sector is for all consumers to enter the competitive market, and the most important thing is that they "escape captivity," according to Niculae Havrileţ, secretary of state in the Ministry of Energy.