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THE STOCK MARKET DURING THE "COVID-19" PANDEMIC VIDEOCONFERENCE / SEBASTIAN BODU, STATE COUNCILOR WITH THE CHANCELLERY OF THE PRIME MINISTER: "The Sovereign Wealth Fund will be a private-equity fund with subscriptions in companies not listed on the stock exchange"

G.M.English Section / 26 iunie

Within a maximum of three weeks, the government will approve the decision to set up the Sovereign Investment Fund, which will be a private-equity fund with money from the state budget, said Sebastian Bodu, state councilor in the Chancellery of Prime Minister Ludovic Orban.

Nicu Marcu, validated by Parliament as head of the ASF

Mihai GongoroiEnglish Section / 25 iunie

Nicu Marcu, the only candidate for the position of president of the Financial Supervision Authority (ASF), was voted, yesterday, by the reunited plenary of the Chamber of Deputies and the Senate for the remainder of the term until 2023 at the helm of the regulator.

In the committees on Tuesday, Marcu received 51 votes "in favor", 6 "against" and 1 abstention, in line with the parliamentary agreement on the vacant positions in several institutions subordinated to the Parliament. Yesterday, the proportion was largely unchanged, and the current ASF president was validated with 340 votes "in favor" and 20 "against".

ADRIAN VOLINTIRU, CEO:"Romgaz has not abandoned any investment project during the pandemic"

Mihai GongoroiEnglish Section / 22 iunie

The National Natural Gas Company "Romgaz" SA did not abandon any investment project during the Covid 19 crisis, despite the fact that the company's short-term forecasts regarding the gas market are not extremely optimistic, said Adrian Volintiru, the general manager of the company, in an interview. He does not hide that the current period is a difficult one for Romgaz, given the long-term effects of GEO 114/2018, which capped gas prices for producers, and the coronavirus pandemic. Mr Volintiru added that Romgaz continues to focus on diversifying its business and continuing to invest.

The chairman seat awaits Nicu Marcu

Mihai GongoroiEnglish Section / 19 iunie

The official withdrawal from the race of PSD senator Daniel Zamfir leaves free room to Nicu Marcu for the position of chairman of the Financial Oversight Authority (ASF). Marcu, currently vice-president of the Court of Auditors, has both the direct backing of the PNL, as well as the tacit support of the PNL. As Marcu has support across the political spectrum, and the deadline for submitting applications for the position expired on June 18th, it seems guaranteed that Marcu will be voted in by the Parliament next week.

Ediţia din 02.07.2020
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Evenimentele BURSA
Lifestyle

The Covid-19 pandemic - threat or a false alarm?

George MarinescuEnglish Section / 16 iunie

From the article "Will we return to normal or not?" published in BURSA about a week ago, where we pointed out that the pandemic is behaving like a montagne russe, with the number of infections in Romania being up continuously,...

The Euro - every which way

The Euro - every which way

MIHAI GONGOROI (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 12 iunie

Romania doesn't meet any of the four criteria for joining the Eurozone and switching to the Euro, the European Commission said, in its convergence report published yesterday.

ASF: The organizational chart of corruption

ASF: The organizational chart of corruption

MORI SAVIREnglish Section / 04 iunie

The organoizational chart of the ASF is missing from its official website.

The organization chart of the ASF is missing from its official website.

I know I've said in the title of this article, but I could say it three times and it...

The virus tends to isolate Italy economically from the EU

The virus tends to isolate Italy economically from the EU

Adelina Toader (Translated by Cosmin Ghidoveanu)English Section / 22 mai

The blow dealt to Italy by the health crisis comes at a time when the country's economy and finance weren't exactly the most stable. Italy's public debt amounted to over 134% of its GDP at the end of last year, according to Reuters,...

The bomb is ticking at the ASF!

The bomb is ticking at the ASF!

EMILIA OLESCU (translated by Cosmin Ghidoveanu)English Section / 14 mai

The scandal surrounding the Financial Oversight Authority (ASF) has escalated to a pitch, lately. The protests in the insurance sector, as well as the chaos in the stock market come amid the lack of supervision, those involved say.

The ASF needs to be cleansed

The ASF needs to be cleansed

MAKE (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 12 mai

The inability of the Financial Oversight Authority (ASF) to fulfill its role is now visible, without the need for specialized subtleties, because the chaos induced in the SIF market has reached the stage where it requires the intervention from...

Grassroots democracy

CITIZENS TAKE OVER EUROPEGrassroots democracy

Cornel Codiţă (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 11 mai

The diagnosis does not need many validations and revalidations: Democracy, in its very home, in the Western space of of its creation and historical development, is suffering. It is in trouble. It is weak, where it should have excelled: the...

The ECHR ruled that the dismissal of Kovesi was illegal

The ECHR ruled that the dismissal of Kovesi was illegal

George Marinescu (Translated by Cosmin Ghidoveanu)English Section / 06 mai

Laura Codruţa Kovesi, chief-prosecutor of the European Prosecutor's Office, has won in the European Court of Human Rights the lawsuit brought against the European Court of Human Rights, in the case of her illegal dismissal from the position...

The flight to gold

The flight to gold

Adelina Toader, Emilia Olescu (Translated by Cosmin Ghidoveanu)English Section / 04 mai

Dochia: "If stock market prices rise for two or three weeks, then the rise of gold will slow down"  

Mitroi: "It's no longer the time to invest in gold, except extremely selectively and with very low amounts"

...

What will the post-pandemic world look like

What will the post-pandemic world look like

Mihai Gongoroi (Translated by Cosmin Ghidoveanu)English Section / 29 aprilie

The biggest challenge for the world right now is to find a way out of the Covid-19 pandemic, with a focus on avoiding new epidemic waves after social distancing measures are loosened, says Andre Cappon, founding president of CBM Group of New York.

The coronavirus has changed the direction of the world

The coronavirus has changed the direction of the world

George Marinescu (Translated by Cosmin Ghidoveanu)English Section / 28 aprilie

Prior to the pandemic, one of the main concerns of the entire world was the military. According to a report by the Stockholm International Peace Research Institute (SIPRI), last year, the biggest amount ever was spent globally, respectively 1.9...

Sleep tight ASF! Lakis is working for you!

Sleep tight ASF! Lakis is working for you!

MAKE (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 23 aprilie

MAKE (TRANSLATED BY COSMIN GHIDOVEANU)

Despite the conviction of El Lakis Najib and Dragoş Bîlteanu for the manipulation of the capital market and for using in ill-faith the goods and credit of the company, the expansion of SIF Banat Crişana that they have begun continues to be...

Pope Francis has chosen to ignore God's opinion

Pope Francis has chosen to ignore God's opinion

MAKE (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 16 aprilie

Jesuit Catholic Jorge Mario Bergoglio, meaning Pope Francisc of Rome and the Ahmadite Muslim Imran Khan, Pakistani prime-minister have asked on one voice, on the same day of Sunday, for the debt of poor countries to be reduced.

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