CONFERINȚA ANTREPRENORIATUL FEMININ "Femeia la putere - o lume mai buna" - Ediția a V-a
BURSA 28.12.2014

A.A. (translated by Cosmin Ghidoveanu)
 
mărește imaginea
     Businessman Ioannis Papalekas distances himself from his former business partner Dragoș Bîlteanu, who was placed in preventive detention in the case of embezzlement from the SIFs, in an open letter which he sent on December 22nd, in which he states that lately, his business dealings with the former CEO of SIF Banat-Crișana had diminished considerably.
     Ioannis Papalekas says that he wants to make sure that the public has an accurate representation of the facts, after he talked to the DIICOT prosecutors last week. Judicial sources have announced, after the arrests of Dragoș Bîlteanu and Najib el Lakis, that Ioannis Papalekas is also being criminally indicted, because in the context of Globalworth (the real estate investment fund which he founded) going public, he allegedly made a deal with Dragoș Bîlteanu for SIF1 Banat-Crișana and SIF4 Muntenia to invest in the shares of the fund, which later acquired Bucharest Tower Center, in Victoriei Square, in which Dragoș Bîlteanu controlled 50% of the shares.
     Papalekas' letter comes as, on Friday, December 19th, he has informed the Globalworth board that the prosecutor has confirmed to him, following meetings that took place on Tuesday and Wednesday, that he was not the subject of any investigation.
     In the closing of the letter he sent yesterday, however, Papalekas says that he is confident the prosecutor will come to the conclusion he is innocent, in relation to this case: "Indeed, in the beginning of this week, (ed. note: of last week) we had a meeting with the prosecutor who is in charge of this case, upon his request, and in order to show my support for his inquiries. Considering that he still has full knowledge of the facts, I am confident that he will quickly come to the conclusion that I am not guilty of any of the presumptive charges against me and that he will take all the necessary measures, in order for me to be removed from any further investigation".
     In the beginning of his letter, Ioannis Papalekas calls upon the press to show "more caution" when it comes to the manner in which it reports on his own actions which are related to the current situation".
     He also said that Globalworth has always conducted its business with the utmost integrity: "Through this letter, I am trying to end the concerns that all of our investors, our many employees, directors and associates as well as our numerous suppliers and business partners are having. I am extremely proud of the fact that every company I've ever been associated with, including Globalworth, has always conducted their business with the utmost integrity and in compliance with the best internationally recognized standards and business practices".
     * "Neither me personally nor the company I work with have acquired any kind of rights in SIF Banat or SIF Muntenia "
     Ioannis Papalekas provides details on the relationship that he had with Dragoș Bîlteanu. He says that neither he nor the company he is a shareholder in have acquired any kind of rights in SIF Banat or SIF Muntenia: "It is true that Dragoș Bîlteanu was one of my business partners, exclusively in the real estate sector. The main transactions that we have both been involved in concern the acquisition and the development of the Upground Estates project, located in the Dimitrie Pompeiu area, and the Tower Center International project ("the TCI project"), of which the latter was mentioned in the press many times. My professional ties to Mr. Bîlteanu have significantly diminished over the years and, since 2008, the only common business project we had was the one that involved the TCI Project, in which I have acquired from him a stake of 50% in the year 2012. The circumstances of the accomplishment of this project were publicly reported by me, as well as by Globalworth on countless occasions in the past. Mr. Bîlteanu and me (each of us as owners of 50% in the TCI project) signed an agreement in July 2013, to sell the project to Globalworth. This aspect was completely and publicly disclosed in the IPO of Globalworth, as the sale was agreed subject to an independent evaluation, as was the case in all the similar transactions in which myself or an entity associated with me have been involved. I've always sought to provide a maximum of transparency when it comes to these aspects.
     The acquisition of the TCI project by Globalworth was completed in February 2014. It was in fact the last project that was transferred to Globalworth from the initial portfolio and its acquisition was financed using money made available by Swiss bank UBS. I want to clarify that the acquisition of this project has not been done using the funds raised from the IPO. Those funds were used to acquire other properties.
     Globalworth has always followed a number of conditions and special procedures when concluding any type of contract in which me or an associate of mine de contract are a contracting party and all of those conditions and special procedures are always complied with: (i) an independent evaluation, (ii) arm's length contracting and (iii) the making of the acquisition decision by the non-executive directors, meaning without my involvement. All of these procedures have been followed (and publicly reported) in connection to the TCI transaction, as has happened in every Globalworth transaction I had a personal interest in.
     Some of the articles published in the press mention a number of other individuals accused of having been involved in illegal activities together with Mr. Dragoș Bîlteanu. I have never met any of these people who are being indicted and I have not involved myself in any business or any other relationship with them. I can confirm that neither me nor any other company associated with me has ever made any kind of deal with SIF Banat or with any of its employees, its administrators or shareholders. As a matter of fact, SIF Banat has itself recently confirmed that it has never invested in Globalworth and has denied having traded shares in Globalworth, contrary to claims made in various articles published by the press. SIF Muntenia has indeed made an investment at the time Globalworth was listed, when it acquired 200,000 shares for a price of 5 euros per share, for a total value of 1,000,000 Euros. I do not know if SIF Muntenia still owns shares in Globalworth, but I can confirm that the price of the shares has remained above the price they were taken public at.
      I can confirm that neither myself as a person, nor the company I am an associate of have not acquired any kind of rights in SIF Banat or SIF Muntenia and neither have I concluded any deal with any of these entities, because, since my coming to Romania in the year 2000, I have made the decision not to get involved in the trading of stock and bonds on the Romanian exchanges".
     According to the businessman, Globalworth has invested approximately 700 million Euros in Romanian projects, in the last 18 months alone. 
 

 
Readers' comments    [ add a comment ] 
Aceeasi sectiune (English Section)
THE NATIONAL BANK OF ROMANIA IS PROVIDING FINANCIAL EDUCATION TO MAGISTRATES (II)
THE NATIONAL BANK OF ROMANIA PROVIDES FINANCIAL EDUCATION TO MAGISTRATES (I)
IN A LETTER SENT TO THE INM AND THE CSM, CONSUMER ASSOCIATIONS WANT TO BE PRESENT IN THE DEBATES
THE CURRENT MANAGEMENT HAS RECEIVED A NEW TERM, IN JUST ONE VOTING ROUND
THE FIRST COMPLETED AUDIT, AFTER THE TAX INSPECTIONS IN THE BANKING SYSTEM
THE "FUTURE OF THE SIFS AND OF THE PROPRIETATEA FUND" CONFERENCE / BEFORE THE ELECTIONS AT THE SIFS
ON MARCH 29TH, JUSTICE MINISTER WILL BE CONDUCTING THE EVALUATION OF THE HEADS OF THE PROSECUTORS' OFFICE OF THE HIGH COURT OF CASSATION AND JUSTICE AND OF THE NATIONAL ANTI-CORRUPTION DEPARTMENT
Actualitate - vezi toate știrile mai jos.
Politică, 09:31
GRINDEANU, DESPRE DATELE EUROSTAT:
     Premierul Sorin Grindeanu a declarat, luni, la Antena 3, că este inadmisibil că a fost depășit limita de 3% a deficitului bugetar pentru anul 2016, în condițiile în care guvernarea tehnocrată nu a făcut "absolut nimic". Grindeanu s-a referit la datele prezentate de Eurostat, potrivit cărora deficitul României a fost de 3%, la egalitate cu Marea Britanie, după Spania (4,5%) și Franța (3,4%).  detalii
Politică, 09:00
HUNCĂ, PSD:
     Deputatul PSD Mihaela Huncă a anunțat astăzi că în ultima ședință de guvern s-a aprobat proiectul de lege prin care va crește numărul burselor de merit acordate elevilor care obțin distincții la olimpiadele internaționale, potrivit unui comunicat de presă.  detalii
Politică, 08:38
GRINDEANU:
     Premierul Sorin Grindeanu a declarat, ieri seară, la Antena 3, că îi monitorizează în permanență pe miniștrii săi, urmând să tragă concluziile în ceea ce îi privește alături de șeful său pe linie de partid, Liviu Dragnea, pe care ulterior le va prezenta coaliției care susține Guvernul. Prim-ministrul a subliniat că remanierile nu se fac la televizor, adăugând că este mulțumit de "mare parte din miniștri, care au făcut ceea ce trebuiau să facă".  detalii
Internaţional, 08:16
     Statele Unite au impus sancțiuni dure vizând sute de oficiali ai Centrului sirian pentru Studii Științifice și Cercetare (CSSSC), în replică la presupusul atac chimic de luna aceasta, relatează BBC News.  detalii
Internaţional, 08:04
     Un submarin american a ajuns în Coreea de Sud, pe fondul tensiunilor generate de cel mai recent test balistic al Phenianului, relatează BBC News, precizând că USS Michigan, înarmat cu rachete, se va alătura unui grup de nave de luptă condus de portavionul Carl Vinson.  detalii
Ediții precedente
Newsletter Facebook Twitter YouTube LinkedIn RSS
Jurnal Bursier
25.04.2017
BURSELE DIN LUME
     Acțiunile tranzacționate la bursele din Europa au urmat un curs ascendent ieri, pe fondul rezultatului alegerilor prezidențiale din Franța, desfășurate duminică.  detalii
25.04.2017
BVB
     * Titlurile "Banca Transilvania", cele mai lichide
       Principalii indici ai Bursei de Valori București (BVB) au încheiat ședința de tranzacționare de ieri în apreciere, în contextul în care a fost înregistrat un volum de tranzacționare de 17,25...  detalii
25.04.2017
SIBEX
     După aproape opt ore de la deschidere, ședința de luni se anunța una peste medie, datele indicând 41 de contracte futures cu o valoare de 313.523 lei.  detalii
24.04.2017
SIBEX
     Prima săptămână de după Paști, a fost una scurtă, cu doar 4 ședințe de tranzacționare în care participanții au încheiat 144 de contracte, lichiditatea fiind modestă.  detalii
24.04.2017
BVB
     * Titlurile "Electrica", cele mai lichide
       Opt dintre indicii Bursei de Valori București (BVB) au încheiat ședința de tranzacționare de vineri în apreciere, în contextul în care a fost înregistrat un volum de tranzacționare de 28,8 milioane...  detalii
24.04.2017
BURSELE DIN LUME / ÎN SESIUNEA CARE A PRECEDAT ALEGERILE DIN FRANȚA
     Acțiunile tranzacționate la bursele din Europa au fluctuat vineri, investitorii fiind precauți înaintea alegerilor prezidențiale care au avut loc ieri, în Franța.  detalii
Cotații Internaționale

Curs Valutar

Curs valabil din data de 24 aprilie 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 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
XAU
XDR
3,1588
2,3182
3,1053
4,1952
0,1692
0,6095
0,2293
4,5340
5,3492
1,4552
3,7867
0,2186
0,4900
1,0709
0,0748
0,4732
1,1601
4,1702
0,3231
1,3246
0,6057
0,0647
0,3700
0,2254
2,9361
0,0367
0,1565
1,1353
0,6078
170,5919
5,7091
..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
20.04.2017
THE NATIONAL BANK OF ROMANIA IS PROVIDING FINANCIAL EDUCATION TO MAGISTRATES (II)
     The lending boom in the second half of the last decade was caused by a combination of factors, with the most important being, according to the opinion of the NBR, the overall trend towards...  details
19.04.2017
THE NATIONAL BANK OF ROMANIA PROVIDES FINANCIAL EDUCATION TO MAGISTRATES (I)
     The National Institute of Magistrates organized on April 10th, 2017, in its continuous training program, a new seminar with the participation of representatives of the National Bank of Romania.  details
13.04.2017
IN THE ABSENCE OF ANY ACHIEVEMENT, DECISIONS MADE LIGHTLY
     * BSE shareholders have approved the new commission plan, which will increase costs, especially for retail brokers
     * Claudia Ionescu, elected on the board of the BSE
     * The merger with Sibex has been approved by the General Shareholder Meeting
       The current management of the Bucharest Stock Exchange and its employees will be awarded shares that are bought back as part of a buyback program, as the shareholders of the BSE have decided...  details
12.04.2017
THE FIRST TRANSPARENCY EXAM, FAILED
     * DIGI Communications: "No individual may rely, for any purpose, on the information included in this press release, or on the accuracy, impartiality or exhaustiveness thereof"
     * The company isn't responding on whether it has submitted a request for the approval of the prospectus and what an "adjusted" EBITDA means, as the company has announced a margin of 31.2% for that indicator
       Dutch company "Digi Communications N.V.", the majority shareholder of "RCS&RDS" SA which holds 95.79% of the shares, yesterday announced that it intends to get listed on the...  details
11.04.2017
ALREADY FIVE YEARS OF DELAY
     * 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...  details
07.04.2017
     "Ferrovial" SA, the Spanish company that is the biggest shareholder in London airport Heathrow, has decided to halt future investments in the airport, due to the uncertainties tied to the...  details
07.04.2017
     * "Sadalbari" creditors include - Banca Transilvania, International Investment Bank, as well as Stareal Limited, the offshore in favor of which the company has pledged its majority stake in "Romcab"
       "Sadalbari" SRL, which owns 69% of "Romcab" (MCAB) has entered insolvency upon request, on March 31st, according to the ruling of the Court of Mureș.  details
06.04.2017
IN A LETTER SENT TO THE INM AND THE CSM, CONSUMER ASSOCIATIONS WANT TO BE PRESENT IN THE DEBATES
     * Dan Suciu, NBR: "Every decision being made about these seminars belongs to the INM and the CSM"
       Four consumer associations - Parakletos, the Association of Romanian Financial Services Users (AURSF), the Association for the Counseling of Romanian Bank Customers and Insurance Policy Holders...  details
05.04.2017
     * Radu Hanga and Ana Bobircă, new members on the Board of SIF5 * Record quorum - 56.95%
       Tudor Ciurezu, together with four other candidates for the Board of Directors of SIF5 Oltenia, have won new four-year terms each, following the elections held in yesterday's General Shareholder...
  details
05.04.2017
THE CURRENT MANAGEMENT HAS RECEIVED A NEW TERM, IN JUST ONE VOTING ROUND
     * 93.86% votes in favor of Ceocea
       The elections for a new board of SIF Moldova yesterday went without unspectacularly, as the five board members of SIF2 who were in the running - Costel Ceocea, Horia Ciorcilă, Claudiu Doroș,...  details
04.04.2017
THE FIRST COMPLETED AUDIT, AFTER THE TAX INSPECTIONS IN THE BANKING SYSTEM
     * Inspections by the tax administration are ongoing in other Romanian banks as well
       The National Tax Administration (ANAF) has found, following the specialized inspections conducted in the banking system, that one of the banks that operates on the Romanian market owes the state...  details
04.04.2017
ELECTIONS WITH ALL WEAPONS ON THE TABLE
     The Financial Oversight Authority (ASF) has not identified any groups of shareholders acting in concert with holdings that exceed the 5% legal process, at SIF5 Oltenia, according to sources from...  details
01.04.2017
     * Energy Ministry: "The liberalization will only apply to the acquisition price of natural gas, which only represents one factor of the final price paid by household consumers"
     * ANRE: "Any household customer has the option to stay with the regulated market or to stay with the competition-based market"
     * The government wants to keep the tax on additional revenues earned from the deregulation of natural gas prices
       The intense debates in the Industries Commission of the Chamber of Deputies, about Government Emergency Ordinance 64/2016 concerning the liberalization of the natural gas market did not yield any...  details
30.03.2017
THE "FUTURE OF THE SIFS AND OF THE PROPRIETATEA FUND" CONFERENCE / BEFORE THE ELECTIONS AT THE SIFS
     * Dan Paul, the Association of Brokers: "I am curious if sanctions for acting in concert in the General Shareholder Meetings of the SIFs will also apply to the Veranda group"
     * Ursache: "I am considering limiting, through a regulation, the right to buybacks and capital reductions to at most one or two a year"
       Mircea Ursache, the vice-president of the Financial Oversight Authority (ASF), has announced yesterday that the institution will sanction shareholders acting in concert, prior to the general...  details
28.03.2017
ON MARCH 29TH, JUSTICE MINISTER WILL BE CONDUCTING THE EVALUATION OF THE HEADS OF THE PROSECUTORS' OFFICE OF THE HIGH COURT OF CASSATION AND JUSTICE AND OF THE NATIONAL ANTI-CORRUPTION DEPARTMENT
     * Laura Codruța Kovesi: "I haven't been asked to resign, and I don't intend to"
     * Băsescu: "The criminal faction made up of Livia Stanciu, Laura Kovesi or Florian Coldea wanted to take over the Romanian state and has been supported by a barefaced guy like Hans Klemm"
       The chief prosecutor of the DNA, Laura Codruța Kovesi, yesterday had a meeting with Justice Minister Tudorel Toader, after which she stated that she wasn't going to resign as head of the DNA...  details
.