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16 ianuarie 2012

Loan arrears rising from one month to the next. What is next in 2012?

The loan portfolio of banks is deteriorating from one month to the next, as layoffs, wage cuts and the exchange have been affecting the debtors' ability to repay their loans since 2009.

RUMORS, GOSSIP, AND BACKDOOR INTRIGUEThe Bermuda's square of Raiffeisen Bank

All sorts of rumors have been going through and around Raiffeisen Bank Romania.

The price of fuel rises again

Yesterday, "OMV Petrom" has raised the price of fuel by 3%, or 9 bani per liter.

Brokers: Great expectations for the dividends of the SIFs cause their stocks to rise

Brokers say that one of the reasons the stocks of the five SIFs have risen over the past two days, is the fact that investors have high hopes over the dividends which will be paid out this year.

THE AUSTRIANS DON'T WANT TO GIVE UP:Austrian banks will limit their exposure to Eastern Europe

Austria will impose the norms designed to enhance the safety of the financial system, by forcing major Austrian banks to reduce their lending to banks in emerging Europe, in spite of discontent in the region, according to sources close to Wednesday's meeting held in Vienna, quoted by Reuters.

1 Euro5.0954

1 Fr. elveţian5.5904

BNR

1 Liră sterlină5.8340

BNR

1 Dolar SUA4.3231

BNR

1 Gram Aur718.5914

BET29246.68

BET FI109618.47

BET NG2100.21

THE 5% HOLDING LIMIT FOR THE SIFS HAS BECOME OFFICIALThe SIFs say they will not summon a special shareholder meeting to change the articles of incorporation of the five SIFs

The law concerning the holding limit in the SIFs from 1% to 5%came into effect after being published in the Official Gazette on Tuesday.

The management of SIF Moldova is considering a share capital increase

The shareholders of SIF2 Moldova may be summoned to decide on a share capital increase and to revise the articles of incorporation, the company's Board of Directors announced in a press release sent yesterday to the Bucharest Stock Exchange.

The new year begins with a "concert" of banks operating in Eastern Europe, in Vienna.

THE E17 CONFERENCEAustrian banks feeling wary when it comes to Eastern Europe

A deputy governor of the Romanian National Bank (NBR), together with other banking officials of 16 European countries, yesterday attended a conference in Vienna, to discuss the issue of the capitalization of banks in the Eurozone and the...

ERSTE REPEATS THE CLAIM OF FRANKLIN TEMPLETON : "The unlisted companies in the portfolio of the Proprietatea Fund make it less attractive"

"Fondul Proprietatea" (FP) is far from being a "bargain" for investors, the analysts of "Erste Group Research" say, as they their target price for the fund's stock by 30%, to 0.51 lei/share.

THE RUMOR MILLThe question of the day: Who will be the manager of the Bucharest Stock Exchange?

Who will be the new manager of the Bucharest Stock Exchange is the question everyone is looking for an answer to, after the shareholders elected a new Board of Directors on Monday.

Oil companies to go to court over the decision of the Romanian Competition Council

FINES OF 880 MILLION LEI - THE RESULT OF THE INVESTIGATION ON THE FUEL MARKETOil companies to go to court over the decision of the Romanian Competition Council

Yesterday, the five largest oil corporations in Romania were fined 880 million lei by the Competition Council for breaking the law.

Concefa to sell its buildings of Braşov

The shareholders of construction company Concefa Sibiu have issued their agreement for the sale of several real estate assets which the company owns in Braşov.

Exports have increased over 15% in November 2011

• Romania's trade deficit expected to increase in 2012

Lucian Anghel, the new president of the BSE

Lucian Anghel, the chief-economist of BCR, is the new president of the Bucharest Stock Exchange (BSE), elected yesterday by shareholders with 3.7 million votes.

Analysts: In 2011, the management of the public debt was faulty

Analysts claim that the government managed the public debt in a faulty manner, and the interest rates at which it borrowed were very high.

ONCE AGAIN THE REPLACEMENT OF THE MANAGEMENT OF THE BSEWhat are you doing here? Go home!

The only event which periodically makes the Bucharest Stock Exchange an interesting subject to write about, takes place today - the revocation of its management and the election of a new Board of Directors, decisions which are on the agenda of...

Ovidiu-George Dumitrescu: The BSE may end the year 2012 with a positive trend

Reporter: What are your estimates on the evolution of the capital market for this year?

The authorities have understood the importance of the Stock Exchange, but they did nothing

Reporter: Concisely, could you discuss what 2011 was like for the stock market and for the Bucharest Stock Exchange?

Răzvan Furtună, BCR: The price of gold will continue to rise

Răzvan Furtună, the head of the Treasury Products Sales to Retail Customers of BCR, part of the Financial Markets Division of the Romanian Commercial Bank (BCR), considers that the price of gold will continue to rise, as portfolio investments in...

Alina Piciorea, Piraeus: The price of gold is still being supported by demand for ingots and coins

Alina Piciorea, the head of the Corporate and Retail Sales Department and of the Treasury and Financial Markets Department of Piraeus Bank, said that the price of gold is still supported by the demand for gold bars and coins, by the purchases...

Răzvan Rusu, Certinvest: Investments in physical gold are driven more by panic than by the desire to save

Răzvan Rusu, the investment director of Certinvest, considers that the price of gold will not go above 1,900 dollars/ounce.

Narcisa Oprea: "We must regain investor confidence"

Reporter: How did you come to run for the position of member of the Board of Directors of the Bucharest Stock Exchange?

The economic crisis is over. Financial instability continues

Romania, just like the US and even the EU have escaped the economic crisis.

The management of the BSE finds it hard to make a decision

The Board of the Bucharest Stock Exchange has postponed for today the decision concerning the summoning of a new General Shareholder Meeting, to discuss the amendment of the change of the company's articles of incorporation by introducing the...

Alin Brendea: The scenario of a V-shaped economic recovery seems increasingly remote

Reporter: What is your opinion on how stocks have evolved in 2011?

Lucian Anghel wants to change the BSE from a "boat" into a "cruiser"

Lucian Anghel, the candidate proposed by BCR for the presidency of the Bucharest Stock Exchange, wants to take the market operator "to the next level" and to turn it from "a boat" into "a cruiser".

3D TECHNOLOGY, INCREASINGLY PRESENT IN ELECTRONICS STORESThe price of 3D TVs is dropping

Products that use 3D technology are increasingly present in retail stores, and their prices are dropping due to an increase in competition.

The management of the BSE wants to hold a General Shareholder Meeting after the one which will discuss their dismissal

THE BSE FACTIONS ARE TESTING EACH OTHERThe management of the BSE wants to hold a General Shareholder Meeting after the one which will discuss their dismissal

Under the threat of dismissal, the current management of the Bucharest Stock Exchange shows off its weapons in a move meant to intimidate.

PM Emil Boc told the advisors to the NBR governor to handle the reserves of the NBR and to leave the government to deal with the budget deficit, thus reacting to the recent statements of Lucian Croitoru, who said that the possibility of Romania accessing IMF funds could not be ruled out.

Boc: We are outside any risk scenario

Romania is far more prepared than it was in the past to handle next year's "financial storm" PM Emil Boc said.

Lucian Bute was the best paid Romanian athlete in 2011

Lucian Bute and Cristi Chivu were the best paid Romanian athletes in 2011. Admired, criticized, cheered, or cursed at, athletes are some of the most envied people on the planet for two reasons: their fame and their income. Even if we are in full...

Schaeffler Romania to hire 400 people in 2012

Schaeffler Romania, which owns a plant in Cristian, in the county of Braşov, expects its output to increase 15% in 2012 compared to the level of 1.2 billion lei which will be reached at the end of this year, said Alexandru Blemovici, the managing...

THINGS ARE BEING SET IN MOTION IN THE ROMANIAN BANKING SYSTEMSebastian Vlădescu: "I do not want to be the CEO of BCR"

Rumors concerning the replacement of Dominic Bruynseels as the CEO of BCR has been going around at an increasing rate.

The electoral campaign for the management positions of the Bucharest Stock Exchange has begun

The shareholders of the Bucharest Stock Exchange have already begun preparations for the General Shareholder Meeting of January, in which the stake is the leadership of the exchange operator.

IN THE CASE OF ENERGY HOLDING:"Hidroelectrica" will keep the situation of force majeure

• The Chamber of Commerce and Industry of Romania had suspended the Approval of Force Majeure granted to "Hidroelectrica"

FOR PROJECTS OF METROREX AND ELECTROCENTRALE PAROŞENI,The EIB will lend 500 billion Euros to Romania

On Friday, the Romanian authorities signed loan agreements with the European Investment Bank (BEI). The loan is taken on at an interest rate of less than 4%, for the co-financing of the Universitate-Pantelimon subway segment and for environmental...

The National gangster network

District 1:The "Gemenii" ("Twins"), "Sadoveanu", "Buba", and "Capone" clans. The "Twins" are accused of being involved in the theft of luxury cars, as they were involved in the theft of the...

FOR 2011,FM Logistic estimates an increase in turnover of 22 million Euros

FM Romania, one of the most important logistics players in the FMCG sector, expects its turnover to increase 22 million Euros this year, as it succeeded in raising new customers.

HISTORIC DECISION FOR THE CAPITAL MARKETA Christmas present for investors: a 5% holding limit in the SIFs

A burning wish of investors - the raising of the maximum holding limit in the SIFs - was fulfilled yesterday, after a wait of approximately two years.

Prince Paul of Romania was awarded the title of Ambassador of Romanian-Chinese Friendship, during his visit to China, in the beginning of this month.

Prince Paul has proposed to the Chinese of "Huawei" to invest in Jucu

In a visit to China, Prince Paul of Romania has proposed "Huawei" officials to invest in Jucu, taking the place of "Nokia".

PRIVATIZATION OF COMPANIES AND THE RAISING OF THE THRESHOLD IN THE SIFSInvestor solutions for saving the Stock Exchange

The development of the stock market depends on the privatization of companies through IPOs and on the raising of the holding threshold in the SIFs from 1% to 5%, several investors said yesterday, in a press conference.

Aerostar Bacău has scheduled investments of 20.9 million lei for 2012

Aerostar Bacău yesterday announced that it has scheduled investments of 20.9 million lei for next year.

The European Commission expects Hungary's economy to grow 0.5% in 2012.

Hungary hopes to receive 15-20 billion Euros from the EU-IMF

The government in Budapest hopes to raise 15-20 billion Euros through a 3-4 year loan agreement with the International Monetary Fund and the European Union, which could be used as a solution of last resort, if the country's economy stagnates.

Worries that Western European banks might leave Eastern Europe

THE CNVM HAS SET UP THE FRAMEWORK FOR ETFSInvestors will be able to bet on the overall evolution of the market through a single trade

Investors will be able to bet on the general evolution of the Bucharest Stock Exchange, through a simple trade, after the Romanian National Securities Commission (CNVM) has established the framework for the creation and operation of ETFs (ed....