ALREADY FIVE YEARS OF DELAY
BURSA 11.04.2017

Adina Ardeleanu (translated by Cosmin Ghidoveanu)
 
mărește imaginea
     *  PNL senator intends to call the Secretary General in the Budget and Finances Commission for explanations
     * Mihai Busuioc, the current secretary general of the Government, is being nominated for a seat on the Supervisory Board of Petrom, on behalf of the government
     * PM Grindeanu has met with OMV Petrom officials twice in the last two months
       It's been already five years since Victor Ponta and the PSD government should have raised the state's stake in the biggest Romanian company, OMV Petrom, Florin Cîțu, the vice-president of the Budget an Finance Commission of the Senate wrote on Facebook, alluding to the obligation of raising the company's capital with the plots of land contributed by the state, according to the privatization contract.
     "We are talking about the value of the land, which once incorporated into the company's share capital, would have increased the stake of the Romanian government, meaning ours, in this major company. To say nothing of the dividends that the government should have collected and which would have perhaps allowed us to reduce the social security contributions for companies, which I proposed in the Parliament", Cîțu wrote.
     The Ministry of Energy recently told us that it had reiterated through several addresses the request for OMV Aktiengesellschaft Austria, as buyer and majority shareholder, to do all the due diligences needed for obtaining all the ownership right certificates (CADP) for the plots of land in question owned by Petrom OMV and for which no CADPs have not yet been obtained. in order to perform the second share capital increase at OMV Petrom.
     At the end of last year, the Ministry of Energy, led at the time by Victor Grigorescu, told us that Petrom still has to obtain ownership deeds for 0.78% of the total plots of land and only once it has 100% ownership of them would it be able to perform the share capital increase.
     The issue of the share capital increase of OMV Petrom has also been raised by Dan Paul, the president of the Association of Brokers, who wrote to the Court of Auditors that the Financial Oversight Authority (ASF) could intervene, through the legal means of action it has available, to ask OMV PETROM to proceed with the share capital increase through a contribution in kind with the equivalent value for which the Romanian state has obtained the deeds of ownership.
     Petrom received an ultimatum from the Romanian authorities in 2014, concerning the share capital increase, and the management of the company committed to do the necessary diligences, but the share capital increase was left hanging.
     "BURSA" wrote, in August 2015, that what is at stake is the price for which OMV can preserve its 51% interest in Petrom, because the contribution in kind will be recorded in the account of the Romanian government, thus increasing its stake in the company. Some sources were saying, at the time, that OMV was willing to contribute 12.7 million Euros to the increase of the share capital of "Petrom", according to the market value of the plots of land, calculated at the moment of the operation, while the Romanian government was expecting 50 million Euros.
     Florin Cîțu alleges a deal between OMV and PSD, on that matter, as recently, the government proposed Mihai Busuioc, the current secretary general of the Government, for a new seat on the Supervisory Board of Petrom.
     Florin Cîțu commented: "I see that Dragnea and PSD aren't saying anything about this theft that they are actually concealing themselves (ed. note: the postponing of the increase of the share capital of Petrom with the plots of land). Even more, they have appointed the secretary general of the government on the Supervisory Board of Petrom. Is that legal? Isn't that a conflict of interest?
     I can also give you the explanation. Do you remember Dragnea's visit in Vienna during the electoral campaign? The man met with the Austrian chancellor. Do you get who sponsored the visit? But they did not sponsor the entirety of it. The other sponsor must be sought, without hypocrisy, in the Romanian forests. About those things, Dragnea and the PSD government aren't saying anything.
     I intend to call the secretary general of the government before the Budget and the Finances Commission of the Senate where I am going to ask him why the PSD isn't doing anything to get back that percentage in Petrom, how big has the damage become since the time of the Ponta government, and who answers for all that.
     To the PSD and Dragnea, the multinationals are only good for sponsorships".
     PSD president, Liviu Dragnea, met on November 24th, 2016, with Austrian chancellor, Christian Kern. The PSD leader provided details about his visit in Austria in an interview made by Realitatea TV: "I received the invitation from the chancellor. I sent our program to every embassy and the chancellor wanted to talk about it, he thought it was interesting, especially since he also supports the growth of the middle class, spending the public budget on investments that generate well paying jobs and a stable economic growth, an equitable allocation of the economic growth, which would be felt by citizens in their pockets".
     Aside from the lenience of the government on the matter of the increase of the share capital of Petrom, the company has even more influence with the current government.
     In the last two months, PM Sorin Grindeanu had two official meetings with the delegation of the consortium made up of ExxonMobil and OMV Petrom, as the market expects a new oil royalties law.
     The PM stressed the openness and determination of the government to support the projects for investments in developing new sources for the production of offshore hydrocarbons, in order to ensure Romania's energy security, as well as the competitive and durable exploitation of the energy resources, according to the press release of the government.
     Moreover, the Minister of the Economy, Mihai Tudose met last Wednesday, with the mission of the Romanian Association of Oil Exploration and Production Companies (ROPEPCA) led by Harald Kraft, with which he has discussed the royalties in the oil sector and the methods for approaching the new royalties law. The Minister of the Economy announced that he has agreed that, during the drafting of the law of royalties there would be a dialogue in the interministry group created in the ministry, and ROPEPCA was invited to send in its opinion.
     The new law of royalties is set to replace the current system for the exploitation of oil and gas resources, a system established since back in 2004, when Petrom was privatized. 
 

 
Readers' comments    [ add a comment ] 
Aceeasi sectiune (English Section)
AFTER BEING INVESTIGATED BY THE TAX ADMINISTRATION AND THE ANPC, BANKS GET INVESTIGATED BY THE COMPETITION COUNCIL
THE COURT RULED THAT SOME CONTRACTS CONCLUDED BY CELL PHONE COMPANIES INCLUDE ABUSIVE CLAUSES
AFTER THE TRANSACTION BETWEEN BANCA TRANSILVANIA AND BANCPOST
PATRICIA SUÁREZ RAMÍREZ, THE PRESIDENT OF THE ASSOCIATION OF FINANCIAL CONSUMERS OF SPAIN:
THE QUICK RISE OF THE INDEX WHICH SETS THE TREND FOR INTEREST RATES ON LOANS DENOMINATED IN LEI ISN'T STOPPING
THE PARLIAMENT IS ASKING FOR INFORMATION CONCERNING THE INVESTIGATIONS WHICH OMV PETROM HAS BEEN SUBJECTED TO
Actualitate - vezi toate știrile mai jos.
Politică, 08:15
     * ACTUALIZARE 11:24
     Comisia parlamentară specială condusă de Florin Iordache a amânat pentru luni dezbaterea și votul modificărilor propuse la cele două Coduri penale pentru transpunerea Directivei Parlamentului European privind prezumția de nevinovăție și a dreptului de a fi prezent la proces.  detalii
Miscellanea, 12:06
     Astăzi, mâine și sâmbătă sunt zile de doliu național pe teritoriul țării noastre în memoria Regelui Mihai I, potrivit unui comunicat de presă al Executivului.  detalii
Internaţional, 11:43
     Secretarul general al ONU, Antonio Guterres, a avertizat asupra pericolului de a se ajunge la război cu Coreea de Nord, declarând că rezoluțiile Consiliului de Securitate privind programul nuclear coreean trebuie implementate de Phenian, dar și de celelalte țări, informează Reuters.  detalii
Companii-Afaceri, 11:43
     Autoritatea Națională pentru Administrare și Reglementare în Comunicații (ANCOM) a precizat printr-un comunicat de presă că au adoptat în cadrul Consiliului Consultativ trei decizii referitoare la furnizarea serviciilor din sfera serviciului universal poștal.  detalii
Bănci-Asigurări, 11:12
     Indicele ROBOR la 3 luni a crescut astăzi la nivelul de 2,13%, potrivit datelor publicate de Banca Națională a României (BNR).  detalii
Ediții precedente
Newsletter Facebook Twitter YouTube LinkedIn RSS
Jurnal Bursier
14.12.2017
BVB
     * Acțiunile Electrica au mai pierdut 1,82%, până la 10,78 lei/unitate
       Lichiditatea înregistrată pe Bursa de Valori București (BVB) în ședința de tranzacționare de la mijlocul săptămânii a fost de 64,3 milioane lei, peste media zilnică anuală de 47,9 milioane lei și...  detalii
14.12.2017
BURSELE DIN LUME
     Acțiunile de pe piețele din Europa au scăzut ieri, investitorii așteptând anunțul băncii centrale americane (Fed) privind politica sa monetară viitoare.  detalii
13.12.2017
BVB
     * "Întotdeauna, din piețele mici, se iese mai repede decât din cele mari, pentru că lichiditatea este mai scăzută", punctează analistul
     * "Deal" de aproape 17 milioane de lei cu titlurile DIGI
       Ședința de tranzacționare de ieri de la Bursa de Valori București (BVB) a fost marcată de o nouă scădere generalizată a pieței, toți indicii bursei suferind deprecieri ale cotațiilor.  detalii
13.12.2017
BURSELE DIN LUME
     Acțiunile de pe piețele europene au urmat un curs ascendent ieri, în baza avansului din sectorul petrolului și gazelor.  detalii
12.12.2017
BVB / SCĂDERI PE LINIE LA BVB
     * Lichiditate de numai 30 de milioane de lei
       Piața principală a Bursei de Valori București (BVB) a ieșit în evidență, în ședința de tranzacționare de luni, printr--o tranzacție realizată pe piața "deal", în valoare de 7,38 milioane...  detalii
12.12.2017
BURSELE DIN LUME
     Bursele din Europa au fluctuat ieri, în prima zi a unei săptămâni în care sunt așteptate reuniuni importante de politică monetară în SUA și Europa.  detalii
Cotații Internaționale

Curs Valutar

Curs valabil din data de 13 decembrie 2017
1 Dolar australian...
1 Leva bulgărească...
1 Dolar canadian....
1 Franc elvețian...
1 Coroană cehă...
1 Coroană daneză...
1 Liră egipteană...
1 Euro...
1 Liră sterlină...
100 Forinți maghiari...
100 Yeni japonezi...
1 Leu moldovenesc...
1 Coroană norvegiană...
1 Zlot polonez...
1 Rublă rusească...
1 Coroană suedeză...
1 Liră turcească...
1 Dolar S.U.A...
1 Rand sud-african...
1 Real brazilian...
1 Renminbi chinezesc...
1 Rupie indiană...
100 Woni sud-coreeni...
1 Peso mexican...
1 Dolar neo-zeelandez...
1 Dinar sărbesc...
1 Hryvna ucraineană...
1 Dirham emirate arabe...
1 Kuna croată...
1 Bahtul thailandez...
1 Gram aur...
1 DST...
AUD
BGN
CAD
CHF
CZK
DKK
EGP
EUR
GBP
HUF
JPY
MDL
NOK
PLN
RUB
SEK
TRL
USD
ZAR
BRL
CNY
INR
KRW
MXN
NZD
RSD
UAH
AED
HRK
THB
XAU
XDR
2,9803
2,3687
3,0632
4,9757
0,1805
0,6224
0,2210
4,6327
5,2626
1,4733
3,4772
0,2277
0,4716
1,0985
0,0667
0,4675
1,0248
3,9431
0,2886
1,1923
0,5956
0,0612
0,3612
0,2056
2,7351
0,0388
0,1446
1,0735
0,6132
0,1210
157,3742
5,5605
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
click aici pentru cursurile pieței valutare - istoric
English Section
12.12.2017
AFTER BEING INVESTIGATED BY THE TAX ADMINISTRATION AND THE ANPC, BANKS GET INVESTIGATED BY THE COMPETITION COUNCIL
     * Chirițoiu: "We suspect an exchange of sensitive information on the banking market"
     * Dan Suciu, NBR: "The audits of the Competition Council can't be a reason for panic whatsoever"
     * Unannounced audit at Finmedia
     * The investigated institutions are at risk of being fined 10% of their turnover
     * Vasilescu: "The NBR has nothing to do with these investigations"
       The financial banking system seems to be the focus of most of the investigation entities. After being audited by the National Tax Administration Agency (ANAF) and by the National Consumer Protection Authority (ANPC), some of the banks which operate in Romania have also been investigated by the Competition Council (CC).  details
11.12.2017
THE COURT RULED THAT SOME CONTRACTS CONCLUDED BY CELL PHONE COMPANIES INCLUDE ABUSIVE CLAUSES
     * The Bucharest Court of Appeal Bucharest yesterday ruled that RCS&RDS has abusive clauses in its contracts
     * The ANPC has also won the initial lawsuit against Telekom România
     * Vodafone has lost the case in the court of last instance against the ANPC
       The Courts have decided that some contracts concluded by the telephony companies contain abusive clauses. The Court rulings were rendered last year, as well as in 2016, but the argumentations have been formulated relatively recently.  details
08.12.2017
     The hope of an accession as quick as possible by Romania to the Eurozone was dealt a heavy blow precisely on the National Day.  details
06.12.2017
AFTER THE DRAFT HAD BEEN PUBLISHED IN OCTOBER
     * Gheorghe Șimon: "The royalties law will be voted in the Parliament in February next year"
     * Ministry of the Economy: "We will establish royalties which are fair both for the state as well as for the business sector"
     * Daniel Cătălin Zamfir, PNL: "I found out that there are companies that have never, take note, never paid even one leu in royalties to the Romanian state, even though they have been exploiting resources for over 20 years"
     * Last year, the Court of Auditors announced that Romania lost 1.4 billion dollars, because the ANRM established the oil royalties in a flawed manner
       The entire legislative package concerning the regulation of the system for the regulation of the mineral, oil and hydromineral resources will be revised and will be voted in the Parliament in February next year, Economics minister, Gheorghe Șimon, announced yesterday, after the debates of the Economic, Industries and Services Commission of the Senate.  details
28.11.2017
AFTER THE TRANSACTION BETWEEN BANCA TRANSILVANIA AND BANCPOST
     * Customers with borrowers in CHF from Bancpost are waiting for a conversion program with a discount
       After moving to second spot last year in the domestic banking system, through the acquisition of Volksbank, Banca Transilvania (BT) ends up on equal footing with BCR, taking over Bancpost, from Greek group Eurobank.  details
27.11.2017
     * MAKE, BURSA: "I want the new CEO of the BSE to participate in the drafting of a new strategy for the development of capital market"
       On Thursday night, "BURSA" received the Award for the promoting of high standards of corporate governance on the capital market, as part of the 2017 Capital Market Awards Gala, organized by the Association of Brokers.  details
24.11.2017
     * Ciprian Păltineanu and Adrian Tănase, scheduled for meetings with the board
     * Both candidates seem to be closet o the group in the shareholder structure of the BSE
     * George Butunoiu is in charge of recruitment
     * The waiting list may include a few foreigners, including former BRD executive Jacek Panczyk
       According to some market sources, banker Ciprian Păltineanu and Adrian Tănase, Chief Investment Officer at NN Pensii România, will hold interviews in the beginning of next week with the Board of the BSE, after Ludwik Sobolewski's term expired in the summer.  details
23.11.2017
PATRICIA SUÁREZ RAMÍREZ, THE PRESIDENT OF THE ASSOCIATION OF FINANCIAL CONSUMERS OF SPAIN:
     * The head of the ASUFIN: "The ruling of the Supreme Court of Spain in which the Andriciuc case has been invoked will be part of the Spanish case law and the lower courts will be required to apply the principle that underlies this decision"
       The ruling issued by the Court of Justice of the European Union (CJUE) in the Andriciuc versus Banca Românească case represents a great advantage for Spanish debtors, said Patricia Suarez Ramírez, the president of the Association of Financial Consumers in Spain (ASUFIN), as part of a response recently sent to BURSA.  details
22.11.2017
     * Dragnea: "Those who are against me are hiding behind institutions"
       The president of the Chamber of Deputies, Liviu Dragnea, leader of the PSD, thinks that his enemies are hiding behind some institutions, "they crucify people", and the real stake is "the blocking of the Laws concerning the Justice system".  details
21.11.2017
     The Council of the European Union and the European Parliament have sent to the ECB, in the beginning of this year, a request concerning the sending of some proposals to revise the framework for managing crises.  details
20.11.2017
ANPC STRIKES AGAIN
     * BCR: "Ongoing contracts no longer contain the clauses that have been subjected to examination"
     * Sources: "ANPC has 6 lawsuits against BCR, which will lead to enormous losses for Erste Bank if BCR loses in court"
       After forcing Raiffeisen Bank to eliminate the unfair practices from the loan agreements, the National Consumer Protection Authority (ANPC) strikes again, this time the biggest bank in the system. BCR lost in the court of first instance, against the ANPC, in a class action lawsuit concerning abusive lending clauses.  details
16.11.2017
THE QUICK RISE OF THE INDEX WHICH SETS THE TREND FOR INTEREST RATES ON LOANS DENOMINATED IN LEI ISN'T STOPPING
     The 3-month ROBOR rate, which is used to calculate the interest rates, the majority of the loans denominated in lei, has jumped past the 2% psychological level, and yesterday reached 2.06%, up from Tuesday's 1.92%, according to data from the NBR.  details
16.11.2017
THE PARLIAMENT IS ASKING FOR INFORMATION CONCERNING THE INVESTIGATIONS WHICH OMV PETROM HAS BEEN SUBJECTED TO
     * Minister Toma Petcu, former ministers Răzvan Nicolescu and Victor Grigorescu, the representatives of the state in the executive structure of OMV Petrom and Mihai Busuioc, the president of the Court of Auditors were heard today in the Investigation Commission
       The executives of OMV Petrom mentioned, in a letter addressed to the parliament, the existence of four lawsuits brought by the National Energy Regulation Authority (ANRE) and of seven audits by the Authority, between 2012-2017, as the recent request for information by the Commission for the Investigation of the activity of the ANRE targeted a period of 12 years, from 2015 to 2017.  details
14.11.2017
THE EURO AT AN ALL-TIME HIGH
     * Vasilescu: "We cannot say that the currency market has gone off the rails, the exchange rate has moved 4 bani in 4 days"
     * "Perhaps it is a simple coincidence the fact that on November 8th was approved the Emergency Ordinance of the Fiscal Code and it was also on that day that the Euro rose past 4.6 lei", said Mr. Vasilescu
       The leu yesterday reached a historic low against the Euro, 4.6495 lei/Euro, up 1.05 over the previous meeting, marking the fourth day where the exchange rate was above 4.6 lei.  details
13.11.2017
     In October, the Romanian Commercial Bank, through Schoenherr și Asociații, has submitted, with the County Court of Bihor, a request for the insolvency of the European Drinks group, owned by the Micula brothers. That group includes: European Drinks, Transilvania General Import-Export, European Food, Starmill SRL, Scandic Distilleries SA, Rieni Drinks.  details
.