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30 ianuarie 2013

THE APPEAL TO THE BANKRUPTCY OF FORTUS WILL BE TRIED TOMORROWVolintiru: "The new reorganization plan can save < Fortus > Iaşi"

The appeal filed by the creditors to the ruling by which the "Fortus" Iaşi plant was declared bankrupt, will be tried tomorrow by the court.

Erik de Vrijer said that Romania will not be able to conclude an agreement with the IMF without an agreement with the European Commission as well.

The agreement with the IMF goes into extra time

• The privatization of "CFR Marfă", the secondary offering for "Transgaz" and the selection of the intermediary for "CE Oltenia", are some of the objectives which must be achieved

The stand-by agreement which Romania has with the International Monetary Fund (IMF) will be extended by another three months, and the evaluation is set to take place at the end of June, through the vote of the Board of Directors, Erik de Vrijer, the head of the mission of the Fund to Romania said.

THE DIALOG WITH THE IMF:Boo, I love you!

Many analysts, economists, citizens and journalists, have constantly been asking since 2009, why the profitable companies of the state, especially the ones in the energy sector, have to be privatized.

ANOTHER SCANDAL ON THE CAPITAL MARKET The AIPC is asking for the resignation of the Board of the Stock Exchange

• The reason: the initiative to transform the Rasdaq into the ATS

• The explanations of BSE president Lucian Anghel did not provide satisfaction to the investors

• The CNVM will have to manage the conflict

The Association of Stock Market Investors (AIPC) has asked for the resignation of the Bucharest Stock Exchange, moving the conflict on the status of the Rasdaq market to a different level.

THE NEW REGULATOR OF THE FINANCIAL MARKETHustling for cushy positions

A so-called "open letter", which contains attacks against Daniela Mihailescu, the head of the CNVM, has caused a commotion in the domestic stock market, at the end of last week.

1 Euro5.0896

1 Fr. elveţian5.4650

BNR

1 Liră sterlină5.8140

BNR

1 Dolar SUA4.3449

BNR

1 Gram Aur604.5466

BET23857.77

BET FI91629.88

BET NG1761.46

Voldemars Belakovs has graduated from the "P.N. Lebedev" Physics Institute of the Moscow Academy of Sciences. In the '90s, after the end of the Cold War, he left Moscow and became one of the accredited researchers of NASA (The US National Space Agency).

INVENTIONS ON ROMANIAN TERRITORYLatvian Belakovs makes nanotechnology affordable

There is a chance that, in the not so distant future, the diagnosis and treatment of many serious diseases, including cancer, will be far more effective, but also accessible to a broader number of patients, thanks to the invention of Latvian...

Major movie studios have their sights set on Romania

• Next month, Kevin Costner will return to shoot at Râşnov

The irresistible attraction of the perfect currency storm

After more than twenty years of stagnation and increase in its public debt, Japan appears ready to break this vicious circle.

THE COURTS HAVE RENDERED AN IRREVOCABLE RULINGARCB: "Cathedral Plaza" will be pulled down

• Robert Roşu, the lawyer of MBD: "The decision has no impact on the right of ownership of < Cathedral Plaza >, because the owner of the building has not been summoned to appear in court and has not been a part of this lawsuit"

VOSGANIAN: "Even if it goes into insolvency, Oltchim will still need a state aid"

• Yesterday, the Government decided to have the plant file for insolvency, just like "BURSA" has announced since last week

THE SHRINKING MAGNATE"Raiffeisen Bank" to foreclose on Dinu Patriciu

• Andrei Ştefan (the son of Dinu Patriciu), Adrian Vasile and Peter Imre have sued him to recoup money they were owed

DRAFTS EXPECTED TO COME INTO EFFECT ON FEBRUARY 1ST:New taxes for energy and natural resources

The Ministry of Public Finances (MFP) yesterday posted several legislative drafts on its website, of which three concern the energy and natural resources market.

After eleven months, foreign investments are up 3.74%

In the first eleven months of last year, Romania has seen direct foreign investments of 1.440 million Euros from non-residents, compared to 1.388 million Euros, in the similar period of last year, according to a press release of the National Bank...

The County Council of Braşov will lease the Braşov-Ghimbav International Airport

• The Executive of the County Council has decided not to resort to investing on its own or to a public-private partnership to accomplish the second stage of the investment objective

The Secondary Public Offer of Transgaz, ready by the end of April

The sale on the stock exchange of a 15% stake in the shares of the national gas carrier, Transgaz SA, will take place by the end of April, the General manager of the Office For The State's Interests and Industrial Privatization (OPSPI),...

"Our customers have asked for greater efficiency and a higher level of quality, and, as the market develops, the services that we provide are becoming increasingly better. If we look at the logistics services market at an international level, it had a relatively stable evolution in recent years, there have been no spectacular rises, diverging from the trends of the economy."

DANIEL KEARVELL, "DHL EXPRESS":"In Romania there are reasons to be optimistic"

• Interview with Daniel Kearvell, Managing Director "DHL Express" România

TUDOR TATU, THE UNION OF BANKING MEDIATORS:"Requests for banking mediation fell 93% last year"

Requests for banking mediation received and solved by the Union of Banking Mediators fell over 90% last year, said Tudor Tatu, the president of the Union of Banking Mediators, in an interview.

I'm shutting your butt down!

Even though the police and the Romanian Intelligence Service (SRI) prevented him from going up in flames at Piatra Neamţ, had he turned on his ignition, which three dudes were caught placing a bomb under, Bogdan Mararu wasn't nominated for...

Results in the investigation on the manipulation of the ROBOR rate, promised in early 2013

• Interview with Mr. Bogdan Chiriţoiu, the president of the Competition Council

"AnaCap" once again in talks over acquiring Banca Comercială Carpatica (BCC)

• Shares of BCC have risen 32% in the last few days

Results in the investigation on the manipulation of the ROBOR rate, promised in early 2013

• Interview with Mr. Bogdan Chiriţoiu, the president of the Competition Council

Ludwik Sobolewski, together with his girlfriend, Anna Szarek.

A scandal fatal to the head of the Warsaw Stock Exchange

• The shareholders of the Warsaw Stock Exchange will decide the fate of Ludwik Sobolewski as head of the Stock Exchange, on January 17th

GFR, interested in the Bulgarian railroad freight company

Grup Feroviar Român (GFR) (Romanian Railroad Group), a company owned by the "Grampet Group" corporation, controlled by businessman Gruia Stoica, is interested in the privatization of the Bulgarian railroad freight company.

The listing of Nuclearelectrica, scheduled to take place at the end of Q1 2013

• Deadline much too optimistic, market sources say

Patrick Young: 2012, a lost year for Romania

Reporter: Mr. Young, how was, in your opinion, the year 2012, from economic and financial point of view, globally, regionally (Europe) and locally (Romania).

A story of morons: the local taxes

Citizens who woke up at 3 a.m, in the first days of 2013, to pay their taxes ahead of time so they could receive a discount, may have the surprise to see that they have nevertheless paid more than they should have.

The main quality of statistics: drunkenness

Poor Vergil Voineagu was dismissed on Friday by Victor Ponta from the management of the National Statistics Institute (INS), being accused of having made a huge mistake which caused the GDP for the year 2011 to be 21 billion lei than it actually...

A lower GDP, a greater deficit and the top brass of the National Statistics Institute laid off

THE CONSEQUENCES OF THE "ERROR" MADE BY THE NATIONAL STATISTICS INSTITUTE:A lower GDP, a greater deficit and the top brass of the National Statistics Institute laid off

The downward revision of the GDP for the year 2011 will change the economic indicators, as well as lead to the replacement of the National Statistics Institute.

IN THE YEAR OF COMPETITIVE DEVALUATION...Who will destroy theirs first in the international currency wars?

The time has now come for the year-end assessments and for the forecasts for 2013. Like it has already become customary, Danish investment bank Saxo Bank has published its "outrageous" forecasts for 2013.

BCR, forced by the courts to reimburse the fees it collected abusively

• The bank will have to pay 1 million lei to its customers

IN THE YEAR OF COMPETITIVE DEVALUATION...Who will destroy theirs first in the international currency wars?

THE MINISTRY OF NATIONAL DEFENSE ANSWERS ION STAN:"Electromecanica" lost out the contract to reconfigure the HAWK missiles to the UTI group

• In the summer, Chamber of Deputies member Ion Stan said that the Ministry of Defense launched a call for tenders "with a < < dedicated > > tender book, so that UTI would be the only bidder to upgrade HAWK missiles to the C3 level