Conferința BURSA - Dezvoltarea Romaniei 2018
AT THE INVESTIGATIVE COMMISSION OF THE ACTIVITY OF THE ANRE
BURSA 12.10.2017

ANCUȚA STANCIU (translated by Cosmin Ghidoveanu)
 
mărește imaginea
     *  Sources: PSD has four names for the head of the ANRE
     *  Rumored names: Florentin Pandele, mayor of Voluntari, Iulian Iancu, president of the Industries Commission, former prime-minister Sorin Grindeanu and deputy Eugen Nicolicea
       Niculae Havrileț, the president of the National Authority for Regulation in the Energy Sector (ANRE), together with other members of the Regulatory Committee of the ANRE, will arrive before the Commission for the Investigation of the activity of the ANRE.
     The management of the ANRE was expected to submit answers to the questions they had been sent by the members of the Investigation Commission by 15:00 hours yesterday.
     It would seem, however, that by 16:00 that day, the ANRE had not provided the requested answers.
     The questions the members of Parliament sent the ANRE include: what was the liberalization schedule for the price of electricity and natural gas that was agreed with the European Union; the evolution of the price of electricity on the day ahead market (PZU) over the last five years; the evolution of the price of electricity on the contract market over the last five years, the structure of the energy supply contracts of the Last Resort Providers (FUI) over the last five years; the implementation of art. 23 paragraph (1) and (2) of the Law of Electricity and natural gas no. 123/2012, with the subsequent amendments and modifications and of art. 8 letter h) and art.9 paragraph (1) letter h) of the Law no. 160/2012 for the electricity import/export transactions, conducted through directly negotiated bilateral contracts.
     The members of the investigation commission are also interested, among other things, on whether the ANRE has checked whether the license holders who delegated the responsibility of the balancing to another Party Responsible for Balancing (PRE) were conducting electricity trading with other license holders from the same PRE, outside the trading and competition-based rules applied in the centralized electricity market.
     The MPs also want the ANRE to specify, as some license holders have terminated the energy contracts concluded with other providers, causing them serious losses, how the financial guarantees of 1,000,000 Euros were used, guarantees which the asker of the supplier license had the obligation to set up and maintain for the validity period of the license, in order to reduce the losses caused by the termination of electricity purchase contracts.
     Also, the members of the Investigation Commission want the ANRE to present the manner in which the 500,000/1,000,000 Euros guarantees, guarantees which the company asking the supply license had/has the obligation to set up and maintain during the validity period of the license, as a significant number of suppliers did not pay their debts to CNTEE Transelectrica SA, according to the contracts.
     * The mandate of Havrileț will expire on October 23rd
     The hearing will take place as the term of Niculae Havrileț expires on October 23rd. Political sources told us that the PSD has four options for the position of president of the ANRE, but that so far, no nomination has been made. We will probably only find out one name in the beginning of next week, the sources say.
     Some of the names making the rounds for the position are Florentin Pandele, the mayor of Voluntari, Iulian Iancu, the president of the Industries Commission, former PM Sorin Grindeanu and deputy Eugen Nicolicea.
     Last week, Iulian Iancu, the president of the Investigation Commission for the activity of the ANRE, said the activity of the ANRE would be investigated all the way back to 2005, where the price of energy and of natural gas is concerned.
     Iulian Iancu says: "Our analysis is not focused on the current-day ANRE. We have been conducting the analysis of the manner in which the price of electricity and natural gas was structured between 2005 and the present day. It is not necessarily just the ANRE that is a factor of influence. We are also asking questions about the excises, taxes and fees that swell up the bill of the final consumer. If we find irregularities, three measures will be taken: the change of the primary legislation, where necessary, the request to modify the secondary legislation by the regulatory authority and the forwarding to the Prosecutors' Office of the cases which prove to be felonies".
     He also said that if it is found that the price has been unjustifiably increased, then the price paid by end consumers will be reduced by the end consumers.
     Iulian Iancu says that the goal of the Commission consists of finding the reasons why the prices of energy and natural gas were raised, and the result will be found out at the end of the analysis: "We will take into consideration all the elements that contribute to the formation of the price for the end consumer across the entire energy chain, responding to the following questions: how the producer prices were set on the energy markets; how the transport tariff was set, both for energy and natural gas, why it was increased by certain percentages and what the justification for it was; how the tariff is explained and its evolution at the energy and natural gas distributor; how they were designed and to what extent the investment, maintenance costs have been acknowledged and whether their knowledge was correct and how they are found in the quality of the service. I am here referring to continuity, because there are many supply disruptions and quality issues to the end consumer".
     Last week, Niculae Havrileț, the president of the ANRE, said that the National Energy Regulatory Authority (ANRE) is subjected to heavy pressures from those who have interests in this market, by offering as an example the campaigns managed by many TV networks against the process for the liberalization of the natural gas market. The management of the ANRE has been attacked over the last few weeks by PM Mihai Tudose or Energy minister Toma Petcu, who said that the activity of the Commission is necessary. Even the president of the PSD, Liviu Dragnea, has repeatedly attacked the management of the ANRE, accusing the fact that the successive increases of electricity and natural gas prices were not justified, and the guilty will be identified by the parliamentary commission for the investigation of the ANRE.
     Niculae Havrileț said that he wasn't worried at all over the parliamentary investigation of the ANRE activity, because all the decisions within the Authority were made collectively, in compliance with the legislation. 
 

 
Readers' comments    [ add a comment ] 
Trimite părerea ta.
Nume (maxim 50 caractere)
E-mail (optional)
Titlu (maxim 50 caractere)
Mesaj
 
REGULAMENTUL MESAJELOR
Acord
Prin trimiterea opiniei ne confirmați că ați citit regulamentul de mai sus și că vă asumați prevederile sale !
Aceeasi sectiune (English Section)
BECAUSE AN AGREEMENT ON THE PRICE COULDN'T BE REACHED,
Ediții precedente
Newsletter Facebook Twitter YouTube LinkedIn RSS
Jurnal Bursier
21.09.2018
BVB
     * Rulaj de 47 milioane de lei, peste media anului
     
     Piața principală a Bursei de Valori București (BVB) a încheiat ședința de tranzacționare de joi preponderent în teritoriul pozitiv, opt dintre...  click să citești tot articolul
20.09.2018
BVB
     * Scădere de 0,53% pentru BET-NG
     
     Volumul de tranzacționare înregistrat în ședința de la mijlocul săptămânii a Bursei de Valori București (BVB) a fost de 33,45 milioane de lei, dintre care...  click să citești tot articolul
20.09.2018
BURSELE DIN LUME
     Bursele din Europa au urcat ieri, pe fondul câștigurilor din sectorul materiilor prime.  click să citești tot articolul
19.09.2018
BVB
     * Toți indicii bursieri au închis în creștere
     * Tranzacții cu aproape 3% din MedLife, efectuate pe piața "deal"
     
     Lichiditatea înregistrată în ședința de tranzacționare de ieri la...  click să citești tot articolul
19.09.2018
BURSELE DIN LUME
     Piețele europene au urmat un curs mixt ieri, după ce administrația americană a decis să impună taxe vamale de 10% pe importuri chinezești de 200 de miliarde de dolari.  click să citești tot articolul
18.09.2018
BVB
     * Rulaj de 42 milioane de lei, în apropierea mediei acestui an
     
     Cinci dintre cei nouă indici ai Bursei de Valori București (BVB) au încheiat prima ședință de tranzacționare a săptămânii ușor în...  click să citești tot articolul
Cotații Internaționale

Curs Valutar

Curs valabil din data de 21 septembrie 2018
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 sârbesc...
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
TRY
USD
ZAR
BRL
CNY
INR
KRW
MXN
NZD
RSD
UAH
AED
HRK
THB
XAU
XDR
2.8801
2.3806
3.0614
4.1351
0.1822
0.6242
0.2206
4.6559
5.2123
1.4386
3.5050
0.2364
0.4852
1.0851
0.0595
0.4496
0.6306
3.9517
0.2773
0.9692
0.5774
0.0547
0.3541
0.2093
2.6455
0.0394
0.1409
1.0759
0.6269
0.1220
153.4508
5.5550
..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
14.09.2018
MREPORT BY TRANSPARENCY INTERNATIONAL
     Globalization has also brought with it an unpleasant effect: cross-border corruption. According to the intermediate report Exporting Corruption for the year 2018, a document drawn up by the organization Transparency International, there is a practice among powerful foreign companies of bribing the public servants of another country when they want to enter the local market.  click here to read the entire article
07.09.2018
DEPUTY VIRGIL POPESCU, VICEPRESIDENT OF THE COMMISSION FOR INDUSTRIES AND SERVICES
     The offshore law will once again reach the Commission, in one or two weeks, according to Mr. Virgil Popescu, the vice-president of the Commission for Industries and Services, the Chamber of Deputies.  click here to read the entire article
05.09.2018
MRS. FIREA'S VERBAL BOMBS
     * "There have been attempts for the prefect to be made a scapegoat"
     * "The support from the government wasn't much to talk about, so if it were withdrawn, there wouldn't be much of a difference"
     Bucharest's General Mayor was heard on Tuesday as a witness by the prosecutors of the General Prosecutor's Office in the case concerning the events which happened on August 10th in Victoriei Square. Before going into the Prosecutors' Department building, Gabriela Firea said she stood by her statements made immediately after the meeting of the National Executive Committee of the PSD and said: "I always speak based on facts, not just in this particular case, but in other areas as well, including politics. I will be answering to the questions of the prosecutor who contacted me and told me I was supposed to be heard in the case which is now being investigated concerning the intervention of the gendarmes on August 10th".  click here to read the entire article
31.08.2018
     The particularly hot weather and the conditions of extreme draught in Europe have brought to light terrible warnings from the past.
     Associated Press recently wrote that in the riverbed of the Elba in the Czech Republic have resurfaced the giant stones known as "the hunger stones", which have indicated over time, the coming of hard times.
     "When you see me, weep", is written on one of these stones, which seems to be considered the best hydrological benchmark in Europe. The inscription is in German and dates back to 1616.
     A detailed analysis of the stone inscriptions was published by the Czech researchers in the "Climate of the Past" magazine in 2013 (author's note: "Droughts in the Czech Lands, 1090-2012 AD", April 2013).  click here to read the entire article
29.08.2018
     * Claudiu Cazacu, XTB România: "United States companies have posted results that even exceeded the analysts' expectations, which were already for 2-figure profit increases"
     * Liviu Moldovan, financial analyst: "Currently, investors have a «blind» faith in the stock markets, in general, and in that of the US, in particular"
     For the first time in the history of the American markets, Nasdaq has surpassed the psychological level of 8,000 points.
     In the August 27 session, the Standard & Poor's 500 (S&P 500) index also reached an all time high, ending the trading session at almost 2,897 points.  click here to read the entire article
27.08.2018
     The capital market was marked, last week, by a number of controversial statements tied to the listing of Digi Communications, starting from the statements made recently by Darius Vâlcov, state advisor on the team of the prime-minister, who wrote on his Facebook page that he has asked the Financial Oversight Authority (ASF) if it was true that the book value of the Digi shares was 1 leu and 8 bani, and pointed out that at the time of the IPO, the shares of Digi were listed at 40 lei and are currently priced at 28 lei (30% down) and keep going down.  click here to read the entire article
23.08.2018
     Angela Merkel inaugurated the highway in December 2005, less than a month after she became chancellor of Germany.
     The highway was built on the territory of the former East Germany, connects Lubeck and the Polish border, after the junction with A11, and goes through the electoral precinct of chancellor Merkel.  click here to read the entire article
20.08.2018
THE NATIONAL MINERAL RESOURCES AGENCY, IN A NOTIFICATION TO THE PRIME-MINISTER:
     The Romanian government has lost over 8 billion lei, between 2006-2018, following the failure to update the royalties paid by the oil and gas companies, says Gigi Dragomir, the president of the National Mineral Resources Agency (ANRM), in a report sent to the prime-minister.  click here to read the entire article
15.08.2018
      * (Interview with Radu Grațian Ghețea, President - CEO of CEC Bank)
     In banking there are many risks and that is why banks need to be flexible and have as diverse an exposure as possible, which take the market circumstances at the time into account, says Radu Grațian Ghețea, President and CEO of CEC Bank. He told us, in an interview: "We have to adapt to what is happening in the market and we need to do things in such a way that the economic activity and that of the bank both function properly. If we're going with the idea that we want to eliminate every risk, then we'll just stop doing anything. For instance, we have been and we are a bank which heavily funds agriculture, which also means animal husbandry. A few years ago, our exposure to the aviculture sector was rather significant, and when the avian flu came we had to cover some non-performing loans on that segment. Now that the avian flu is done, we are facing the swine flu. What should we do, stop lending?"
     Reporter: Lately, there have been opinions from some experts who are saying that there is a wave of non-performing loans of the ones taken out by the First Home Program. What is your comment on these statements?  click here to read the entire article
08.08.2018
     * (Interview with Laszlo Diosi, OTP Bank CEO)
     Reporter: How would you describe the banking market, at the present time?
     Laszlo Diosi: Even though there are plenty of challenges, there are also many opportunities for the Romanian banking system. The lessons of the financial-economic crisis have resulted in a better regulated framework, stable, transparent and predictable. The guiding line of the policies developed by the authorities that are qualified, but in particular by those with a regulatory and oversight role has been characterized by a balance between profitability and systemic safety.
     But there is no shortage of challenges. We are talking here about challenges which concern the digitalization of the banking system and the national and international legislation. The entire system needs to align with complex and sometimes confused regulations.
     Recorded by Emilia Olescu  click here to read the entire article
31.07.2018
     * (Interview with Dan Paul, the president of the Association of Brokers)
     The management of the Bucharest Stock Exchange (BVB) needs to find out from brokers whether Romania truly needs a derivatives market, says Dan Paul, the president of the Association of Brokers, who was kind enough to grant BURSA an interview.  click here to read the entire article
27.07.2018
THE DĂNCILĂ GOVERNMENT AFTER SIX MONTHS
     Now we know why prime-minister Dăncilă was in a hurry to announce the activity report for the first six months at the helm of the Romanian government: the nice tale of the hike of pensions and salaries wasn't supposed to be overshadowed by the evolution of budget expenses, whose increase has led the deficit of the consolidated general budget to 1.61% of the GDP, from 0.88% after the first five months of the year.  click here to read the entire article
23.07.2018
BECAUSE AN AGREEMENT ON THE PRICE COULDN'T BE REACHED,
     The public offer started by Vimetco and Conef for a stake of at most 53.77% of the shares of Alro Slatina (Alro) has been unsuccessful, as the issuer announced that due to the unfavorable market conditions, the shareholders, company and underwriters couldn't agree on a price for the volume of 383.79 million shares put up for sale.  click here to read the entire article
23.07.2018
ECONOMIC ANALYST AURELIAN DOCHIA PREDICTS:
     * According to Eurostat, Romania has the biggest governmental deficit in the EU
     The hike of some taxes, in the near future, is unavoidable, according to economic analyst Aurelian Dochia.
     His statement comes as, in the first quarter, the government's deficit has seen an increase over the last quarter of 2017, according to data by the European Statistics Office (Eurostat).  click here to read the entire article
13.07.2018
Russia World Cup
     The final tournament of the World Football Cup will end with a gala representation, the duel between Croatia and France. France, the with the most expensive players in the tournament, has met the expectations, Croatia is the biggest surprise the of the competition.  click here to read the entire article
.