English Section

(Interview with Mr. Marius Murgu, the president of the Association of Former Asset Owners)

• What benefits could the listing of he Fund have 

• (Interview with Crinuţa Nicoleta Dumitrean, the chairman of the National Authority for the Restitution of Properties)  

• November 24th, 2005 

The Proprietatea Fund has opposed the restructuring of Romania"s energy production through the creation of "Electra" and "Hidroenergetica", due to the fact that it is a minority shareholder in the most valuable companies that...

(Interview with Mark Mobius, executive chairman of "Franklin Templeton")

So far, the Proprietatea Fund has brought around 20 lawsuits against "Nuclearelectrica", "Hidroelectrica" and the "Craiova Energy Complex".

Questions and answers

• Warrants in Vienna 

Mircea Simion Vescan, the chairman and managing director of "Armax Gaz" Mediaş, the maker of equipment for the energy industry, praises the current manager of the Fund, which he thinks will cause state owned companies to be managed in a...

The online trading platforms of some brokerage firms stumbled yesterday, even though it was just for a few minutes, preventing investors from tracking the execution of their orders, sometimes with delays of tens of seconds.

Starting today, derivatives having the shares of the Proprietatea Fund as their underlying asset can be traded on the Bucharest Stock Exchange, and on the Sibiu Exchange, just two days after the Fund was listed on the BSE, generating a turnover...

Many of those who received shares in the Fund as compensation decided not to wait for the listing of the Fund on the Stock Exchange and sold them on the "grey" market instead, sometimes at a 90% discount compared to their face value.

Enterprise Investors (EI), one of the largest companies of private equity in Central and Eastern Europe, intends to launch a new investment fund this year, its eighth, which is targeted at several countries in the region, including Romania.

A surprising communiqué of the CNVM yesterday requested that brokers and investors abide the law, when trading the shares of the "Proprietatea" Fund, which is scheduled to begin today.

Some of the shareholders of the Proprietatea Fund, interested in selling their shares on the stock exchange, have found that some of the major brokerage firms won"t even bother to open an account for them, unless they hold a few thousand...

Former owners whose assets were abusively seized by the Communist regime, who decided to sell their shares in the Proprietatea Fund on the stock market, have taken a loss of approximately 35% compared to the compensation value (ed. note: the face...

The fact that the shares of the Proprietatea Fund (FP) began trading at 0.6 lei/share makes yesterday a sad day for former asset owners, who saw their portfolio take a hit of almost 40% in just one day, Marius Murgu, the chairman of the...

Businesspeople that invest in football don"t seem to be too interested in the shares of the Proprietatea Fund. Its coming listing on the Bucharest Stock Exchange does not make it any more attractive to the owners of First League football...

The mayor of Bucharest, Sorin Oprescu has seven months available to submit Bucharest"s application to host the Summer Olympics of 2020. The mayor has repeatedly said that he is very serious about it, even though apart from his good...

An interview published Thursday by România Liberă and "copy/pasted" in the Friday edition of Adevărul proves that architect Dinu Patriciu is continuously undergoing a professional reconversion, going from tutoring for the admission to the...

The so-called "Dream shops" have turned to the online medium, in order to avoid the troubles they had to face when using brick and mortar stores. The owners of so-called ethnobotanical plants have found a new loophole, as the World Wide...

"GDF Suez" France, "RWE" Germany and "Iberdrola" Spain yesterday decided to no longer participate in the project for the construction of Units 3 and 4 of Cernavodă, the companies announced yesterday, in a press release.

Businessman Nicolae Costache is quickly getting near to the final results of the pilot stage of the method that is set to revolutionize the ore extraction industry. He said, exclusively for "BURSA", that in approximately two weeks, he...

H&M, the world"s largest clothing retailer, announces that it plans to enter the Romanian market in full force this year, by opening its first Romanian stores in the retail centers AFI Palace Cotroceni, Băneasa Shopping City, Plaza...

Lukoil is negotiating with the National Agency for Mineral Resources (ANRM) the terms of the contract for the beginning of the exploration in the perimeters concessioned in the Black Sea.

The administrators of private pension fund see the listing of the Proprietatea Fund on the Bucharest Stock Exchange (ed. note: scheduled for January 25th) as an opportunity, in particular being attracted to the exposure they would gain to the...

Aurel Beşliu and Turnover ABC, two minority shareholders of "Cocor" Bucureşti (COCR), a company which owns the eponymous retail complex in the center of Bucharest, are requesting the revocation of the Board of Directors and the...

Cutting tax evasion could generate and additional 460 million Euros a year towards investments, the officials of the Council of Foreign Investors (CIS) say.

Drivers protesting at gas stations will not help bring lower prices at the pump, Constantin Tampiza, the coordinator of the development strategy for Romania of the Russian oil group Lukoil, said in an interview for "BURSA".

The possibility of the shares of the Proprietatea Fund falling below the par value when they start trading on the Bucharest Stock Exchange on January 25th, doesn"t seem to worry the officials of the state at all, even though some of the...

The company Kantar Media Audiences will provide the measuring of TV ratings between 2012 and 2015. The decision was made in the final session of the Joint Commission (COMPAR) for appointing the National Service for the Measuring of TV ratings,...

Some of the funds managed by "Fraklin Templeton" (FT) would be interested in investing in the shares of the Proprietatea Fund, but are looking for a way of doing so without violating the legal provisions, given the fact that "Franklin...

The shares of the Bucharest Stock Exchange gained 23.6% since December 2010, reaching 45 lei/share, at the end of Friday"s session, making it one of the largest gainers in the market.

The Ministry of Transports requested a third restructuring version of CFR Călători, the passenger division of the Romanian Railways, a project which will include the shutdown of four regional divisions, said Iulian Măntescu, the chairman of the...

Swedish group IKEA had a net profit of 2.7 billion Euros, in the fiscal year 2009-2010, which ended on August 31st, 2010, up 6.1% compared to previous fiscal year.

"JPMorgan Chase & Co.", the second largest bank in the USA in terms of assets, has seen its profit increase 47% in the last quarter of 2010, due to a cut in reserves.

Between January 2008 and December 2010, the Central Depository recorded a number of 4,924 trades involving shares of the Proprietatea Fund.

On Saturday, the Board of Directors of Financial Investment Company "Oltenia" (SIF5) elected Vasile Şalapa as chairman and CEO, replacing Dinel Staicu, market sources confirmed for BURSA.

The ordinance concerning the loans of the population (Emergency Government Ordinance 50/2010) continues to be a source of headaches for banks and their customers alike.

The general manager of the Bucharest Stock Exchange, claims that the requirements that brokers need to fulfill to be able to trade shares of the Proprietatea Fund through nominee accounts by January 25th are minimal.

None of the Romanian professional football clubs currently meets the requirements for being listed on the stock exchange, says businessman Vasile Turcu, the owner of the Romconstruct holding and majority shareholder of "FC Dinamo 1948" SA.