English Section

1 august 2011

THE AFTERMATH OF THE FAILURE OF THE SECONDARY PUBLIC OFFERING OF "PETROM"Valentin Ionescu, the general manager of the BSE, sanctioned by the Council of the Exchange

MAKE (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 1 august 2011

The management of the Bucharest Stock Exchange (BSE) has sanctioned General Manager Valentin Ionescu with a "Warning", holding him responsible for several mistakes in the matter of the failed Secondary Public Offering of "Petrom", which took place between July 11th - July 22nd.

Radu Gheţea: New players may enter the banking market

Viviani Mirică (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 29 iulie 2011

The Romanian banking system will most likely change its structure in the next two years, following potential mergers and acquisitions which may occur in the coming two years, as well as by having new players enter the market, said Radu Gheţea, the president of CEC Bank and of the Romanian Banking Association.

"Oltchim" wants to borrow 250 million Euros

C.P. (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 29 iulie 2011

"Oltchim" Râmnicu Vâlcea (symbol: OLT) wants to borrow 250 million Euros to finance investments and for working capital, according to the notice to attend the General Shareholder Meeting of August 29th, remitted to the Bucharest Stock Exchange.

The stake of the Romanian state in the Proprietatea Fund could fall to 14.23%

GABRIELA RADU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 29 iulie 2011

In the first half of July, the National Authority for the Restitution of Properties has issued conversion deeds for 4.7% of the shares of the Proprietatea Fund 

Between July 1st-July 18th, the National Authority for the Restitution of Properties (ANRP) has remitted to the Central Depository 422 conversion deeds, for the transfer of blocks of shares representing 4.67% of the shares of the Proprietatea Fund (symbol: FP) from the Ministry of Finance to the accounts of 577 people, according to Mediafax.

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BSE president Stere Farmache did not formulate any opinion concerning the regularity of the Petrom Public Offering.

In defense of the Bucharest Stock Exchange

MAKE (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 28 iulie 2011

The image of the Bucharest Stock Exchange is being unfairly trampled nowadays, by the very same press that a few days ago would gush over the record size of the "Petrom" Secondary Public Offering, which, according to the ecstatic comments...

Turnover of IAR Ghimbav increased 40% in H1 2011

Turnover of IAR Ghimbav increased 40% in H1 2011

OVIDIU VRÂNCEANU, Braşov (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 25 iulie 2011

The turnover of IAR Ghimbav increased 39.45% in the first semester of 2011, from 28.911 million lei to 40.315 million lei, whereas the company"s profit fell almost 34%, from 5.434 million lei to 3.588 million lei, according to the report that...

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