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Fondul Proprietatea has announced that it is very disappointed with the decisions taken at the latest ordinary General Shareholders Meeting (“GSM”) at C.N. Administratia Porturilor Maritime S.A. Constanta (“Portul Constanta”/ “APM”), held…

The Military Prosecutor’s Office has started an investigation following an incident on Tuesday night to Wednesday when some flares had fallen down from the sky damaging the windshield and board of a car in Craiova, southern Romania. Other…

In its meeting of Monday January 8, 2018, the Board of the National Bank of Romania (BNR) has decided to increase the monetary policy rate to 2.00 percent per annum, up from 1.75 percent per annum as of 9 January 2018, a BNR release posted…

The Romgaz Board has decided on Thursday to dismiss Virgil Metea from the position of Director General. His office will be taken over by Emil Cindrea, former Deputy Director General, one of the persons prosecuted by the Directorate for the…

According to the minutes of the monetary policy meeting of the National Bank of Romania Board on November 7, 2017 the Board discussed and adopted the monetary policy decision, based on the data and analyses on the recent characteristics and…

The Board of the Financial Supervisory Authority (ASF) has decided at the meeting on Wednesday to abolish the application of 1% quota on the operating income for local intermediaries - financial investment services companies and credit…

In its meeting of May 5, 2017, the Board of the National Bank of Romania (BNR) decided the following: to keep unchanged the monetary policy rate at 1.75 percent per annum (unchanged since May 2015 – our note); to pursue adequate…

In the latest letter sent to the Board in Washington by the International Monetary Fund (IMF) officials, after the meeting of the IMF delegation with the Romanian government, it is estimated that by cutting the profit tax to 10% and by…

PM Sorin Grindeanu has met a delegation of the Holocaust Memorial Museum from the U.S., accompanied by the American ambassador in Bucharest Hans Klemm, to discuss about setting up a Jewish History Museum in Romania. PM Grindeanu was invited…

Romania plans to set up tourist offices abroad, included one in Madrid, while also eyeing a permanent position in the board of the UN World Tourism Organization, Romanian Tourism minister announced after a meeting with UNWTO officials…