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8 septembrie 2011
"Nuclearelectrica" joins the "club" of energy producers that conclude secret contracts

"Nuclearelectrica" joins the "club" of energy producers that conclude secret contracts

EMILIA OLESCU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 8 septembrie 2011

Last year, the BURSA newspaper was the first to disclose the cases of the energy producers (the complexes of Craiova, Turceni and Rovinari) which skirted the law by selling energy to consumers directly instead of via auctions, as they are required to do by an order of the Minister of the Economy. At the time, the officials of the producers said that the contracts were "confidential".

Victor Cazana: The intermediary of the Secondary Public Offering of "Transelectrica" will be selected in October

Victor Cazana: The intermediary of the Secondary Public Offering of "Transelectrica" will be selected in October

Elena Voinea (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 7 septembrie 2011

The announcement for the selection of the intermediaries that will handle the secondary public offering for 15% of the shares of "Transelectrica", will be made in the beginning of next week, Victor Cazana, the head of the OPSPI (Office For The State"s Interests and Industrial Privatization) said during the conference celebrating five years since the listing of "Transelectrica".

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Insurers accused of anti-competitive practices

ELENA VOINEA (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 6 septembrie 2011

The Romanian Association of Automobile Car Parts Distributors (ADPAR) has warned the Competition Council on the violation of the Law of Competition and on the use of illegal and unfair competitive practices by Romanian insurance companies.

Sales of luxury jewels are on the rise

Mălina Bulai (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 5 septembrie 2011

Luxury is more of an investment than a way of improving one"s personal image, at least according to jewelry distributors, who report increasing business in the elegant boutiques located in the central area of Bucharest.

The heir of the count Lennart Bernadotte of Wisborg and Sonja Bernadotte, who organized of the reunions of the Nobel prize awards, countess Bettina Bernadotte, took over in 2008 the management of the Board of the Foundation which organizes the event (pictured, at the opening of last week's reunion).

The Nobel award winners" dance party

MAKE (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 30 august 2011

Countess Bettina Bernadotte (37 years old) opened the annual meeting of the winners of the Nobel prize in economics, which took place between Tuesday and Saturday, on the island of Mainau, (named "Flower Island") of Lake Constance...

OTP Bank Romania goes profitable in H1 2011

OTP Bank Romania goes profitable in H1 2011

ELENA VOINEA (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 22 august 2011

In the first half of 2011, OTP Bank Romania reported a net profit of 1.47 billion forints, after posting a loss of 2 billion forints in the similar period of last year, according to the financial statement of the Hungarian group OTP.

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