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BURSA 09.02.2012
The spy who shagged us
Aceeasi sectiune ( English Section )
 *  22.05.2012 - Hiking the VAT has slowed down the recovery of the Romanian economy
 *  21.05.2012 - Isar: "We are adjusting the stock exchange privatization program to earn more money"
 *  21.05.2012 - Bailing out banks has created a moral hazard
 *  18.05.2012 - Greece's exit from the Eurozone will be on the table of the European Council on May 23rd
 *  18.05.2012 - Radu Ghețea: The Greek banks in Romania are solid
 *  17.05.2012 - Eurocopter Romania will present two helicopters - EC 135 and TIGER
 *  17.05.2012 - Nicolae Cinteză: I have received no information that the Greek banks have withdrawn money from Romania
 *  17.05.2012 - Dow Jones arrives in Bucharest
 *  16.05.2012 - Greece will run out of money within a year at most
 *  16.05.2012 - Teodor Ancuța: "Sibex is no longer a danger for the BSE"
 *  15.05.2012 - The first buffalo farm in the county of Arad is active in the town of Pecica
 *  15.05.2012 - The leu at its lowest against the Euro, worries at their highest
 *  14.05.2012 - The Directorate of BCR Pensii, fined by the CSSPP
 *  14.05.2012 - The payment of taxes on capital gains, to be simplified by next month
 *  14.05.2012 - The clawback tax helped the state budget raise 282 million lei
     The replacement of all the ministers of Emil Boc seems to be intended as a hint that its' not only the people that will be changed, but that the style will be different as well, and the Governing program, which was yesterday made public, very much resembles the style of the reports of the special services, which is where the appointed PM Mihai Răzvan Ungureanu comes from.
     This is what the "S.I.E. school" sounds like: first they present a summary of the state of things, followed by the avenues of action - precisely the structure of the Governing program.
     Cristian Preda said that the Program was drafted by Răzvan Ungureanu, in two days.
     If it were true, aside from its style, the program should his personality.
     "Romania has achieved spectacular progress, in spite of the unfavorable international climate", the Governing program assures us; in other words, Ungureanu does.
     "The unemployment rate is two percent lower than the European rate", it says.
     What it doesn't say is that we are actually in a full demographic implosion, that the unemployment is not caused by the increase of the population, that the generation of new workers is smaller by 7-8% compared to the generations that are retiring, and that the unemployment rate in itself is meaningless, unless we compare it with the number of jobs.
     What kind of economic development can a country that has a low level of unemployment, even though the number of jobs created is constantly dropping, (four million over the last 20 years), and two-three million people are working abroad?
     How can you be proud of disaster?!
     "Inflation is at the lowest point, in the last 22 years", Răzvan Ungureanu said, in the governing program, at least I think it was him.
     Yes, instead of inflation, you just chose to shift the burden onto pensions, by cutting them, and when the Constitutional Court did not allow it, you raised the VAT to 24%.
     Well done Isărescu!, still we do have some inflation, and the raised VAT applies to this existing inflation - in the end, the economy is what it is, even if the garbage is hidden behind a beautifully dressed up indicators; the purchasing power decreased 11%.
     "At the same time, Romania has the lowest foreign debt of all the EU", Ungureanu says.
     What he doesn't say is that it is the biggest it has ever been, that Romania has never been so heavily in debt.
     He also doesn't say that the comparison with Europe is inadequate, after it broke the terms of its own Maastricht treaty.
     And he also doesn't say that the level of debt is not meaningful by itself, unless we also look at our ability to repay that debt, which we completely lack - if we were to owe even one Euro (rather than 97 billion), on maturity, if we don't have it, then we need to borrow to repay it and to accept the interest rate on that loan.
     This interest rate is the cost of our powerlessness, which is tacked on top of our living costs, which we can't pay through our own labor.
     The interest owed on these loans (remember, the interest, not the actual loan!) amounts to 34.5 billion Euros, in the first eleven months of 2011.
     OK, Mr. Ungureanu, the Germans owe more per capita then we do, maybe they should immigrate to Romania and work for us; instead, the opposite is happening...
     "Public debt remains at a sustainable level over the long term", Ungureanu says.
     He is being sarcastic on that subject, because what he means is: "Our public debt is eternal and we will work forever from now on to pay the interest on the rolled over loans".
     I think it's getting clear what kind of personality Mihai Răzvan Ungureanu has, if he was indeed the one who wrote the Government Program.
     We can also note that he said we had actually set a record for exports, in 2011, without mentioning that gap between exports and imports has increased even more, and it is growing from one year to the next, as predicted by the Prognosis Commission, and that his governing program does not discuss in any way the structure of our exports, (which are, to a good degree, re-exports, commodities and outsourcing, without the domestic production contributing value in any way).
     And it also tells us that the average pension last year increased 30% on average, compared to 2008, a statistical lie, cooked up using the huge pensions of a few and the new retirees, a lie which is bound to make him very unpopular with the seniors - he would have been better off if he hadn't included it.
     I for one do not think that the Program was written by Ungureanu and I do not think that it was written in just two days, I feel overwhelmed just trying to give it a cursory read, much less review its perverse claims - it is 42 pages long, and I barely scratched the surface of its analysis with this article.
     I think that the program was drafted by the S.I.E., in peace, perhaps in November, and perhaps with the cooperation of the S.R.I..
     Perhaps Ungureanu browsed it.
     Perhaps he didn't.
     Maybe he was there when his ministers were chosen.
     Maybe he wasn't.
     I understand that he didn't resign from his position at the S.I.E..
     What kind of prime minister will we have?
     Will it actually be a person or an institution? 

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1.  "I..." - cine o fi?
    (mesaj trimis de luci în data de 10.02.2012, ora 08:51)  
 Soviani draga, tu esti? Dupa spume, parca parca.


 
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Jurnal Bursier
22.05.2012
BURSELE DIN LUME
     Acțiunile tranzacționate la bursele din Europa s-au redresat ieri, în majoritate, după ce China a promis să stimuleze creșterea economiei.  detalii
22.05.2012
SIBEX
     La debutul săptămânii, speculatorii de pe piața Sibex au avut din nou parte de variații mixte, în funcție de simbol și scadență.  detalii
22.05.2012
BVB
     Bursa de la București a scăzut cu 0,76%, contrar burselor europene, într-o piață în care cei mai mulți investitori au lipsit de la tranzacționare, iar rulajul a fost salvat de transferurile cu...  detalii
22.05.2012
RASDAQ
     Investitorii au tranzacționat, ieri, titluri "Iprolam" București (simbol IPRO) în valoare de 164.274 lei.  detalii
21.05.2012
SIBEX
     La Sibex, ultima ședință a săptămânii s-a încheiat cu un volum destul de bun, de 8271 de contracte.  detalii
21.05.2012
BVB
     Bursa de la București s-a întors pe linia descendentă scăzând vineri cu 1,42%, astfel că reculul din luna mai a ajuns la 12,4%, iar indicele general al pieței, BET-C, a coborât la nivelul de la...  detalii
Prognoza Meteo
Vezi harta temperaturilor
harta temperaturilor
     22.05.2012 
     Prognoza pentru România
     Vremea se va menține caldă în cea mai mare parte a teritoriului, dar va deveni în general instabilă. Înnorările se vor accentua treptat în jumătatea de sud-vest a țării, unde îndeosebi după-amiaza și în prima parte a nopții, vor fi averse, descărcări electrice și intensificări ale vântului ce trecător vor lua aspect de vijelie. Vor fi condiții de grindină, iar în Banat, Oltenia, vestul Munteniei și Carpații Meridionali cantitățile de apă vor depăși local 20...25 l/mp și izolat 40...50 l/mp. În restul teritoriului cerul va fi variabil cu înnorări temporare, iar astfel de fenomene se vor semnala pe arii mai restrânse. Temperaturile maxime vor fi cuprinse între 20 și 30 de grade, iar cele minime între 9 și 17 grade.
     Prognoza pentru București
     Vremea va fi caldă, dar va deveni în general instabilă. Cerul va fi variabil, cu înnorări mai accentuate spre seară și noaptea când se vor semnala averse, descărcări electrice și intensificări de scurtă durată ale vântului. Temperatura maximă se va situa în jurul valorii de 28 de grade, iar cea minimă va fi de 13...15 grade.
      
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English Section
22.05.2012
     * Interview with Sebastian Vlădescu, former minister of Finance     Reporter: How do you view the current economic situation of Romanian in the context of the difficulties...  details
21.05.2012
     The Ministry of the Economy will make adjustments to the program for the privatization of the energy companies to earn more from them.  details
21.05.2012
     * Interview with Jörg Guido Hülsmann, professor at the University of Angers     The measures stipulated in the Treaty concerning the Stability, Coordination and Governance...  details
18.05.2012
LEONARD ORBAN:
     The Minister of European Affairs, Leonard Orban, yesterday said that the option of Greece's exit from the Eurozone will be placed on the table of the European Council for the first time, at the...  details
18.05.2012
          * The ECB: Financing to the Greek bank, temporarily put on hold     Romanian banks in which the Greek shareholders have a controlling interest...  details
17.05.2012
BLACK SEA DEFENSE & AEROSPACE 2012
     Between May 16th and May 18th, Eurocopter România, a joint-venture between the Eurocopter group and IAR Ghimbav, controlled by the Romanian state, will participate in the third edition of the Black...  details
17.05.2012
     * In just one day, the Greeks have withdrawn over 700 million Euros from bank deposits     * Ilie Șerbănescu claims that the Greek banks can not afford to keep their...  details
17.05.2012
AFTER SIBIU,
          * Broker" Cluj launched two structured products based on the American index and is proposing that the schedule of the BSE be extended until 23:00...  details
16.05.2012
TYLER COWEN:
          * "The introduction of the Euro was probably not a good idea since the beginning, but the failure of the European currency does not amount to the failure of the...  details
16.05.2012
          * Interview with Mr. Teodor Ancuța, former CEO of Sibex     Reporter: Dear Mr. Teodor Ancuța, how would you describe the evolution of...  details
15.05.2012
EUROPEAN GRANTS
     The first buffalo farm has been built in the town of Pecica, in the county of Arad, near the Natural Park "Lunca Mureșului", following an investment of 600,000 Euros.  details
15.05.2012
          * Ponta: "We are ready to take all the necessary steps"     Yesterday, the leu fell against the Euro, reaching a new historic high,...  details
14.05.2012
     Three members of the Directorate of BCR Pensii were sanctioned by the Commission for the Oversight of the Private Pension System, due to operational problems (CSSPP), Mircea Oancea, the president...  details
14.05.2012
THE LETTER OF THE GOVERNMENT TO THE IMF INCLUDES GOODS NEWS FOR INVESTORS:
     Investors will soon be spared from having to go to the offices of the tax administration to pay their taxes on capital gains, according to the draft of the letter of intent to the IMF, obtained...  details
14.05.2012
THE GOVERNMENT TO THE IMF:
     The clawback tax in the pharmaceutical sector, which was introduced in the beginning of Q1 2012, has earned the state budget 282 million lei, money which will be fully used to pay the unrecorded...  details
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