English Section

26 februarie 2013

The registrations for the mediator courses, in full expansion

Reporter: What is your opinion on the mandatory introduction of mediation, starting on February 13th, 2013, of the mandatory information concerning mediation?

EXCLUSIVE - CONSTANTIN NIŢĂ, THE DELEGATE MINISTER FOR ENERGY:"We will honor the schedule of the listings of energy companies, agreed with the IMF"

Romania will follow the schedule of the listings of the energy companies, as promised to the international financial institutions, said Constantin Niţă, the delegated minister for Energy, in his first interview since his appointment.

EXCLUSIVE - ABOUT THE COMMISSION POLICY OF THE STOCK EXCHANGE:Dan Paul: The Bucharest Stock Exchange is putting the cart before the horse

Dan Paul, the president of the Romanian Association of Brokers, opposes the amendment of the pricing policy of the Bucharest Stock Exchange, as he considers that this policy would only work and attract liquidity in theory.

PONTA, WILLING TO SUPPORT THE INVESTORS OF MECHEL"Mechel" Târgovişte has filed for insolvency, for the purpose of reorganization

The "Mechel" Târgovişte metallurgic plant has filed for insolvency on Tuesday, for reorganization, after it was sold, together with the other assets which the Group had in Romania, to "Invest Nikarom" Bucureşti, in exchange for an amount of approximately 50 Euros.

A special fiscal area for gambling at the seaside

THE GAMBLING INDUSTRY CONFERENCE- SECOND EDITION - RADU MAZĂRE WANTS TO GROW THE GAMBLING INDUSTRYA special fiscal area for gambling at the seaside

Reporter: At the end of last year, you have expressed your opinion that you no longer wanted to sell the casino of Constanţa. On the contrary, you have said that you want to achieve a public-private partnership with a company interested in the rehabilitation of this monument and to use it for gambling. What is the stage of these steps concerning the rehabilitation of the Casino?

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

EXCLUSIVEMariana Gheorghe: "This year, Petrom will find out new data about the deposits in the Black Sea"

This year, Petrom and its partners will interpret the data obtained through the completion of the seismic studies for the oil perimeters leased in the Black Sea.

The Budget Commission working on the Financial Supervisory Authority at the last minute

The Budget Commission of the Chamber of Deputies has added two new members to the leading commission of the Financial Supervisory Authority (ASF), besides the 15 members it was initially stipulated to have, according to yesterday's amendments.

The weapons are rattling at the BSE

The stock market is rumbling, an increasing number of malcontents are appearing concerning the proposals of the current management of the Bucharest Stock Exchange.

The Oltenia complex, twisting in the wind

The output of wind farms is mostly taken over by the national energy system.

Fire sale at "Mechel": 4 plants for 50 Euros

The "Mechel" group yesterday surprised the entire market, through an announcement that it has sold the four plants it owned in Romania for the amount of ... 230 lei (about 52 Euros/70 dollars).

THE ROMPETROL AFFAIRRemus Vulpescu: "Dinu Patriciu has caused losses to the Romanian and Kazakh state alike"

The Kazakh state is not willing to pay the face value of the historic debt of "Rompetrol", Mr. Remus Vulpescu, the representative of the Romanian state on the Board of Directors of Rompetrol Rafinare said yesterday.

THE ROMPETROL AFFAIRCristina Chiriac: "The Romanian state will clearly lose out on this deal"

Reporter: What is your take on the deal between the Romanian state and Rompetrol by which the state will sell part of its shares owned in Rompetrol Rafinare, with the price the deal has been concluded at being lower than the historic debt of 500...

THE ROMPETROL AFFAIRRadu Sârbu: The PETROMIDIA theater play

• Act I: The privatization conducted by the National Peasants' Party

Globally, mediation has a chance of success of 60%-80%

Reporter: What is your opinion on the introduction, starting on February 15th, 2013, of the mandatory information sessions concerning mediation?

The meteoric rise of "Ductil" and the procedures of the BSE

The information that "Ductil" Buzău (symbol: DUCL) summons its shareholders to decide on the distribution of additional dividends was received at the Bucharest Stock Exchange on Monday morning, but only reached investors at 16:46, after...

AT THE END OF 2012Franklin Templeton had investments of 100 million dollars on the BSE

The investment funds of Franklin Templeton (FT), the manager of the Proprietatea Fund had shares worth almost 100 million Euros in companies listed on the BSE, according to a report by brokerage firm Prime Transaction.

Maria Grapini: The 3% turnover tax will be eliminated

The 3% turnover tax will be eliminated, Maria Grapini, the delegated minister for SMEs, Tourism and the Business sector announced yesterday.

Rompetrol will buy back some of the shares of the Romanian government in Rompetrol Rafinare

The "Rompetrol" Group and the Romanian state have concluded on Friday a memorandum of understanding for terminating the dispute concerning the conversion of the bonds of "Rompetrol Rafinare" into stock, in favor of the Romanian...

ONE INTERIM MANAGER REPLACED WITH ANOTHERGheorghe Ştefan replaces Andrei Benghea at the helm of Transelectrica

The Supervisory Board of Transelectrica yesterday decided to replace Executive General Manager Andrei Benghea Mălăieş, information which BURSA published exclusively in its online edition.

Furious protest of the employees of Oltchim at the Ministry of the Economy

About 100 employees of Oltchim and of the Arpechim petrochemical platform protested angrily yesterday at noon in front of the Ministry of the Economy.

ONE INTERIM MANAGER REPLACED WITH ANOTHERGheorghe Ştefan replaces Andrei Benghea at the helm of Transelectrica

The Supervisory Board of Transelectrica yesterday decided to replace Executive General Manager Andrei Benghea Mălăieş, information which BURSA published exclusively in its online edition.

Furious protest of the employees of Oltchim at the Ministry of the Economy

About 100 employees of Oltchim and of the Arpechim petrochemical platform protested angrily yesterday at noon in front of the Ministry of the Economy.

PHILIPPE LHOTTE:"180 million Euros, the costs of the frauds committed at BRD in 2012"

• BRD had the first losing year in the last decade

Hunger strike at "Oltchim"

23 employees of the "Oltchim" plant are on hunger strike, starting on Tuesday, according to Corneliu Cernev, union leader, who went on to say, that at the moment, only 7-8% of the plant is still operational.

The rush begins for administrators for Romgaz, Transgaz and Nuclearelectrica

The Office For The State's Interests and Industrial Privatization (OPSPI) has announced yesterday that it will be accepting submissions until March 13th, inclusively, for the seats on the Boards of Directors of Romgaz, Transgaz and...

Horia Ciorcilă, the chairman of the Board of Directors of Banca Transilvania, also took on the executive position at the lender in December 2012.

THE BUSINESS MODEL BORE FRUITBanca Transilvania, a fabulous profit on a market in freefall

Banca Transilvania yesterday announced a 40% increase in its profits for the year 2012, to 320.43 million lei, a performance which brokers consider surprising.

FELICIA POP, THE GENERAL COMMISSIONER OF THE FRAUD SQUAD:"We are far from having a total handle on the tax evasion phenomenon"

Tax evasion is booming, as it is spread in almost every sector, Felicia Pop, general commissioner of the Fraud Squad said in an interview.

SHOCK FOR THE CATHOLIC CHURCHPope Benedict 16th retires

Pope Benedict the 16th has announced his resignation starting with February 28th.

What would the BSE do without the Proprietatea Fund?

The Bucharest Stock Exchange has concluded the last quarter of 2012 with a loss of 0.46 million lei, after posting a profit of 1.15 million lei in the similar period of 2011, according to the preliminary statement published yesterday, meaning...

LAZEA, NBRRomania's total private debt is about 70% of the GDP

Romania's total private debt is about 70% of the GDP, Nicolae Lazea, the chief-economist of the NBR said yesterday in a press conference.

The layoffs at BCR, close to begin

• The BCR union: "The first layoffs are set to be announced on February 22nd"

AS EXPECTEDThe CNVM passes the buck to the Ministry of Finance

• The Ministry shrugs its shoulders

The management of the BSE speaks about what it is and what it isn't doing

• Lucian Anghel: "Many projects that we are working on will complete in the long run"

The final vote for the "Rasdaq"?

• The alternative of initiating a draft law is the most likely to happen

A SECRET MEETING The BSE and Sibex cooperating to keep derivatives alive

• Starting in September, the derivatives markets will no longer be allowed to function without Central Counterparties with a minimum capitalization of 7.5 million Euros

Muddy waters at Oltchim

• The Govora electric plant can no longer supply electricity to Oltchim, starting with February 15th

GRUIA STOICA, GRAMPET GROUP:"We are interested in the privatization of CFR Marfă, but not under any circumstances"

• The government wants approximately 60 million Euros for CFR Marfă, with a participation collateral of 10 million Euros

"Flaros", riding on the coat-tails of Ikea

• The company wants to turn its former shoe manufacturing facility into an office building, banking on the development of the Timpuri Noi area, once the real estate project of the Ikea group completes

A NEW STRATEGY FOR THE PRIVATIZATION OF CFR MARFĂ10 million Euros - the collateral for participating in the privatization of "CFR Marfă"

The authorities have once again taken the first step towards the process for the sale of National Railroad Freight Company - they have posted on the website of the Ministry of Transports the Strategy for its Privatization, a draft which will be...