English Section

11 iulie 2012

IN THE CASE OF MANDATORY PUBLIC TAKEOVER OFFERSA shareholder complains that the fines levied by the CNVM are not paid

Adina Ardeleanu (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 11 iulie 2012

Even though it's been years since the CNVM has levied fines against "Corint" Târgovişte (CONY) for failing to conduct the tender offer and buy out the existing shareholders, the fines have not been paid nor have any assets seized in response to the failure to pay the fines, according to a shareholder of the company who wrote to our editors.

Annual inflation was 2.04% in June

Alexandru Sârbu (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 11 iulie 2012

Monthly inflation was negative 

Last month, the annual inflation rate reached 2.04%, after reaching 1.79% in May, a new historic low, according to a press release of the National Statistics Institute (INS).

Roubini, a reformer, not a revolutionary

Roubini, a reformer, not a revolutionary

MAKE (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 11 iulie 2012

An apocalyptic scenario was presented on Bloomberg TV, by American professor Nouriel Roubini, at the end of last week:

"We may have a collapse of the Eurozone, a re-entry into recession of the United States, a hard landing of China, a hard landing of emerging markets and a war in the Middle East. Next year could be a perfect global storm".

Antonescu, instead of Geoană

THE USL DOES NOT ABIDE BY THE REQUIREMENT OF THE CONSTITUTIONAL COURT OF ROMANIA CONCERNING THE REFERENDUMAntonescu, instead of Geoană

VLAD F. DUMEA (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 11 iulie 2012

On Monday, the Romanian Constitutional Court (CCR) ruled that the procedure for the suspension of Traian Băsescu as president was complied with, meaning that the president of the Senate, Crin Antonescu, will act as interim president of the Country, in the place of Mircea Geoană, who, after the elections of 2009, had become the second most powerful man in the country, but was successively replaced by Blaga, and by the current interim president six days ago.

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The crash?

The crash?

MAKE (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 6 iulie 2012

The speed at which the USL is dealing blows to Băsescu is not just part of the technique for taking over power, but also signals a sense of urgency, which is no longer discernable through the dust kicked up by the movements of the armies.

See how happy they are?!

Băsescu's bullhorn

MAKE (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 28 iunie 2012

I have two possible explanations for yesterday's speech by PM Victor Ponta, who, upon hearing that president Traian Băsescu was confirmed by the Constitutional Court as the representative of Romania for the European reunion in Brussels, said:...

We are a great country

We are a great country

MAKE (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 22 iunie 2012

We hear from Victor Ponta that he will leave Traian Băsescu at home and that the Minister of Foreign Affairs has informed the European Commission in Brussels, about the structure of our mission, which includes himself - prime-minister Victor...

The press is not the fourth estate

The press is not the fourth estate

MAKE (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 20 iunie 2012

Calling the media "the fourth estate" is insulting, because it works to keep the citizens informed, and to crystallize the public opinion based on which the population makes decisions, as an expression of its power; the power of the...

Incoherent babbling in the Hidroelectrica case

Incoherent babbling in the Hidroelectrica case

EMILIA OLESCU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 20 iunie 2012

Over the last two days, the filing for insolvency of the biggest Romanian electricity producer, which was going to be the first company with private management and also to sell some of its stock on the BSE, has lit up the media, as it gets...

Crédit Agricole acquires Emporiki Bank Romania

Crédit Agricole acquires Emporiki Bank Romania

ELENA VOINEA (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 18 iunie 2012

Crédit Agricole has signed the agreement to acquire Emporiki Bank Romania, from Emporiki Bank Greece, which fully owns the Romanian subsidiary, with the operation being subjected to the approval of the National Bank of Romania, according to a...

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