BURSA 05.07.2018

Dna Nicolaie (translated by Cosmin Ghidovean)
 
mărește imaginea
Pictured, the ground floor of the "Vasco da Gama" Shopping Mall, Lisbon - photograph by MAKE, personal collection.
     The world is intensely preparing for a water crisis, the most important resource for human life. The signs, on a continental and global level, that there is a water problem are increasingly clear.
     A report published by the European Environmental Agency (AEM) is informing us that only 40% of the total of lakes, rivers, estuaries and coastal waters in the EU are in "a very good" ecological state. On the other hand, a report issued by the United Nations this year announces that by 2050 about 5 billion people will be living in areas with low access to water.
     Among the bad news there is also a good one, Romania is doing very well from that point of view. The surface waters in the Scandinavian Peninsula, Estonia, Slovakia, Romania are in a better ecological state than the regions in Central and Western Europe (especially Germany, Belgium, Holland), where the density of the population and intensive farming are to blame for low water quality, the study reports. In most of the EU member states, mercury (present in the past in thermometers, batteries and paints) and cadmium (present in phosphated fertilizers and in metallurgy) are to blame for the most frequently encountered cases of chemical pollution.
     The European environment commissioner, Karmenu Vella claims that there are several steps to take to remedy the situation: "Thanks to the implementation of the European legislation concerning the quality of water in the member states, the quality of sweet water in Europe is improving progressively, but there are many things to be done before all the lakes, rivers, coastal waters and aquifers end up in a good state. The fight against the pollution caused by agriculture, industry and individuals requires shared efforts from all the beneficiaries of water in Europe". The underground water sources are still, globally, in a better state - three quarters of them have a "good chemical state", according to the AEM. But certain sites continue to be contaminated by the nitrates originating from agricultural canals, "saline intrusions" and the "infiltration of some dangerous chemical products".
     Three years ago, the estimates of the UN indicated that by 2020, water consumption would increase 40%, and by 2025, two out of three people would be living under "stress" due to lack of water. Africa, the Middle East and especially Southern Asia would be the most affected. Romania is not part of the areas with a potential deficit of water in the next 30 years. Of course, there won't be problems if we know how to take care of that resource.
     Audrey Azoulay, general director of the UN for Education, Science and Culture (UNESCO) says that urgent action needs to be taken: "If we don't do anything, by 2050 approximately five billion people will be living in areas with low access to water". To manage the increasing demand for water, this year's UN report recommends "working with nature rather than against it" to allow a more efficient, profitable and healthier use of water, both for the population, as well as the environment.
     The UN report contains some data concerning the past, present and future, which are a cause for concern. Since 1900, approximately 64 - 71% of the water surfaces of the world have been destroyed as a result of human activities. Approximately 80% of industrial and urban waste water is released into the environment without being treated, representing a major factor in the process for the deterioration of the quality of water on a global level, with a harmful impact on health and ecosystems. In the world, 3.6 billion people live in areas at risk of limited access to water, for at least one month a year, and almost three quarters of them are in Asia. That number could reach 4.8 billion - 5.7 billion people by 2050. Approximately 30% of the global population lives in areas regularly affected by floods or droughts. It is estimated that the number of people exposed to the risk of floods will increase from 1.2 billion currently to approximately 1.6 billion in 2050. Approximately 1.8 billion people are affected by soil degradation, desertification and drought.
     A report of the World Bank, published in 2015, warns that global warming will dramatically exacerbate poverty around the globe, harvests will be affected, which will threaten the food security of million of people.
     Over the last years, approximately 70 important rivers all over the world have dried up due to the irrigation systems and excessive consumption. Unfortunately, bad news on the topic keep coming, glaciers in the Himalaya and Tibet will disappear by 2100 at the current pace of melting. The increasingly higher needs of humanity also mean increasingly larger needs for water. A ton of steel needs 20 cubic meters of water, a ton of paper - 200 cubic meters of water, a kilo of rice needs 5000 kilos of water, a hamburger - 250 liters, a glass of orange juice - 850 liters.
     According to UN data, in the beginning of this year, no less than 1.1 billion people were living in precarious conditions of hygiene due to lack of water, and the number has been constantly rising and dramatically. According to BBC, Cape Town is the first significant city of the world to run out of water.
     The situation is more serious than we want to admit. 
 

 
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Aceeasi sectiune (English Section)
BECAUSE AN AGREEMENT ON THE PRICE COULDN'T BE REACHED,
Piaţa de Capital
LA MIJLOCUL ȘEDINȚEI:
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Internaţional
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Bănci-Asigurări
     * Dolarul a coborât cu 0,72 bani în fața monedei naționale.
     * Francul s-a apreciat la 4,1386 lei  click să citești tot articolul
Bănci-Asigurări
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Internaţional
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Ediții precedente
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Jurnal Bursier
18.09.2018
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     * 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
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17.09.2018
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     * Toți indicii bursieri, în scădere
     
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14.09.2018
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BURSELE DIN LUME
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13.09.2018
     * Rulaj de puțin peste 29 milioane de lei
     
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English Section
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
09.07.2018
FOOTBALL AND MONEY
     Cristiano Ronaldo (33 years old) had several hits over the last few days, even though in the final tournament of the World Championship he failed to exceed expectations, as Portugal was eliminated in the round of eight.  click here to read the entire article
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