English Section

22 iulie 2013
CEO of OTP Bank has sold 0.6% of the bank's shares

CEO of OTP Bank has sold 0.6% of the bank's shares

. (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 22 iulie 2013

The amount of the deal - 26.4 million Euros 

The chairman and chief executive officer of OTP Bank, Sandor Csanyi, sold 1.7 million shares of the Hungarian bank, worth approximately 7.8 billion forint (26.42 million Euros), representing 0.6% of the 280 million shares traded on the stock market.

The OPCOM and BRM have received the licenses for trading natural gas

The OPCOM and BRM have received the licenses for trading natural gas

Alina Toma Vereha (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 22 iulie 2013

On Friday, the ANRE (the regulator of the energy market) has granted the licenses requested by the OPCOM (the operator of the Romanian energy exchange) and the Romanian Commodities Exchange (BRM) for the management of the centralized natural gas markets. Also approved were the trading regulations for the two operators.

Three companies, on the short list for Remin

Three companies, on the short list for Remin

ALEXANDRA CRĂCIUN (Translated by Cosmin Ghidoveanu)English Section / 20 iulie 2013

Remin Baia Mare is getting ready for privatization, with three companies expressing their interest for a possible partnership with the mining company of Maramureş. Among the potential investors are the companies African Consolidated Resources and Metals Finance Europe. Remin currently holds sixteen mining licenses for non-ferrous ores and 118 mining gangue dumps.

ANRE: "The natural gas exchanges, functional starting in August"

ANRE: "The natural gas exchanges, functional starting in August"

ALINA TOMA VEREHA (Translated by Cosmin Ghidoveanu)English Section / 20 iulie 2013

Approximately half of the country's natural gas consumption is currently being sold at a regulated price, far below the international quotations, because we have the advantage of a generous domestic production (which covers 70% of the consumption).

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"The new royalties will also be negotiated for the oil perimeters which are currently being exploited"

THE PRESIDENT OF THE NATIONAL AGENCY FOR MINERAL RESOURCES (ANRM), GHEORGHE DUŢU:"The new royalties will also be negotiated for the oil perimeters which are currently being exploited"

Recorded by ALINA TOMA VEREHA (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 16 iulie 2013

The National Agency For Mineral Resources (ANRM) has ordered a study for the establishment of the new royalties system. Gheorghe Duţu, the president of the ANRM, told us that the study will be ready in autumn, and the royalties will be discussed...

The pathetic Bucharest Stock Exchange

The pathetic Bucharest Stock Exchange

MAKE (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 1 iulie 2013

At the General Shareholder Meeting of Friday, Lucian Anghel has snuck away, just like he usually does,- in his case, the last impression confirms the one he had left to people earlier, and all of them confirm the initial impression.

The Competition Council has begun the cooperation with the European Commission concerning the privatization of CFR Marfă

IN ORDER TO DETERMINE WHETHER AN ECONOMIC CONCENTRATION IS BEING CREATEDThe Competition Council has begun the cooperation with the European Commission concerning the privatization of CFR Marfă

Emilia Olescu (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 28 iunie 2013

The Competition Council has begun the cooperation with the representatives of the European Commission on the matter of the privatization of CFR Marfă, with the two authorities to decide whether the acquisition by Grup Feroviar Român (GFR) of the...

"For the first time we have agreed on a bail-in which is significant for protecting taxpayers", Jeroen Dijsselbloem, Dutch finance minister and president of the Eurogroup said.

A bail-in for dividing Europe

CĂLIN RECHEA (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 28 iunie 2013

In the beginning was denial. The financial crisis sparked by the subprime crisis in the US was not supposed to extend to Europe, according to the statements of the officials which were being made a few years ago.

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