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The Board of the Bucharest Stock Exchange has postponed for today the decision concerning the summoning of a new General Shareholder Meeting, to discuss the amendment of the change of the company's articles of incorporation by introducing the dual management. The members of the Board will also ask for the opinion of the Romanian National Securities Commission on the matter. read more...


Products that use 3D technology are increasingly present in retail stores, and their prices are dropping due to an increase in competition. In order to fiind aut the dynamic of the market for this type of products we talked to the officials of two companies that distribute this type of products, as well as to a manufacturer. read more...


Rumors concerning the replacement of Dominic Bruynseels as the CEO of BCR has been going around at an increasing rate. Banking sources say that "the short list" of potential executives of BCR would also include Sebastian Vlădescu, former finance minister, as well as the vice-president of an Austrian bank of Romania. Sebastian Vlădescu said he doesn't want the position of CEO of BCR. read more...


Lucian Bute and Cristi Chivu were the best paid Romanian athletes in 2011. Admired, criticized, cheered, or cursed at, athletes are some of the most envied people on the planet for two reasons: their fame and their income. Even if we are in full economic recession, wages remain high in professional sports. read more...


A great conscience of our time died with Vaclav Havel, President Traian Basescu says in his condolence message sent on Sunday, on the death of former Czech Republic President. read more...


Over 2.5 million people, mostly Romanians working abroad are expected during the holiday season to pass the border checkpoints, especially those with Hungary and the Republic of Moldova. read more...


The number of family support allowance beneficiaries was reduced by over 450,000 this year and that of beneficiaries of minimum guaranteed income was reduced by 44,241, Romanian Labor Minister Sulfina Barbu said Friday. read more...


Minister of Public Finance Gheorghe Ialomitianu and vice-president of the European Investment Bank (EIB) Wilhelm Molterer on Friday signed two financing contracts, whose total value amounts to 497.65 million euros. read more...


Romanian President Traian Basescu said Thursday the Interior Ministry will continue layoffs. Speaking after a meeting of Romania's highest defense body (CSAT), the president said discussions focused on further reorganizing the ministry. He added that the layoffs made so far have not affected the institution's operating capacity. read more...


The Romanian Chamber of Deputies on Thursday adopted a bill on the car pollution tax, which amends the first registration tax criticized by the Court of Justice of the European Union. read more...




The Government on Thursday took responsibility before Parliament for the draft law on organizing parliamentary and local elections in 2012 on the same day. read more...


Romania's joining of the fiscal pact, concluded by the European leaders at the summit which was held in Brussels at the end of last week, will have a favorable effect on the economy, and will result in more disciplined macroeconomic policies, Valentin Lazea, chief-economist at the Romanian National Bank (NBR) said on Friday, at the EU-COFILE seminar, hosted in Sinaia by the NBR, the Romanian Banking Association and Alpha Bank. read more...


Romania is currently consolidating its exit from recession, Adrian Vasilescu, advisor to the governor of the Romanian National Bank (NBR) said at the EU-COFILE seminar held yesterday, hosted in Sinaia by the NBR, the Romanian Banking Association (ARB) and Alpha Bank. He added that, in this context, the process of lending needs " a new beginning". read more...


Switching to the International Financial Reporting Standards (IFRS), in 2012, will not result in unhealthy lending, but the Romanian National Bank (BNR) has established prudential filters that would prevent the artificial increase of banks' solvency ratios, Florin Georgescu, prime deputy-governor of the NBR said yesterday, at the EU-COFILE seminar hosted in Sinaia by the NBR, the Romanian Banking Association and Alpha Bank. read more...


he Euro yesterday depreciated on the international market, after Standard & Poor's warned it might downgrade 15 words in the Eurozone, as well as the rating of bonds of the European Financial Stability Fund (EFSF). Moritz Kraemer, head of the sovereign rating division of S&P in New York, said that the rating of EFSF was put on watch with a negative outlook. read more...


Romania will be allowed to export pork meat to the European Union (EU), starting with January 1st, 2012, Valeriu Tabără, the Romanian minister of Agriculture. read more...


A number of five banks yesterday attracted 2.38 billion lei yesterday (546 million Euros) from the National Bank of Romania (NBR), with a maturity of one week, at the policy rate of 6% p. a.. The liquidity injection was made through a repo operation, through which the NBR provides liquidity to the banks and receives government bonds in exchange. read more...


The worsening of the sovereign debt crisis in the Eurozone could result in increasing investors' aversion to all markets, including emerging ones, Cristian Popa, the deputy governor of the National Bank of Romania, at a seminar concerning inflation. He explained that the effect would carry over to the risk premiums (CDS-Credit Default Swaps) which may rise and also, there will be pressure on the exchange rate. read more...


German Chancellor Angela Merkel said on Thursday that Romania is working a lot for its tax and budget consolidation, adding that this is going to have a positive effect on the long run, and voicing her gratitude to President Traian Basescu for his political performance in this respect. read more...


Petrom scored in the third quarter a net profit of 1.175 billion lei, thus doubling the nine-month result to 2.919 billion lei versus 1.421 billion lei in the same interval of 2010. read more...



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