English Section

18 octombrie 2013
"Financing contracts amounting to 300 million Euros have been cancelled"

THE "PROFITABLE AGRI-BUSINESS" CONFERENCE / VERONICA TONCEA, FGCR:"Financing contracts amounting to 300 million Euros have been cancelled"

ALINA VASIESCU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 18 octombrie 2013

Many businesspeople operating in the agricultural sector have lost financing contracts concluded as part of the National Program for Rural Development (PNDR), amounting to a total of 300 million Euros, according to the numbers provided by the Agency for Rural Development and Fishing Payments (APDRP), said Veronica Toncea, general manager of the Fund for the Guarantee of Rural Loans (FGCR).

"I blame the Ministry of Agriculture for the fact that we don't have a national rural development program"

THE "PROFITABLE AGRI-BUSINESS" CONFERENCE / ADRIAN RĂDULESCU, PRESIDENTIAL ADVISOR:"I blame the Ministry of Agriculture for the fact that we don't have a national rural development program"

A.V. (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 17 octombrie 2013

The new common agricultural policy is set to come into effect next year, and Romania doesn't have a program for national development, according to the statements of presidential advisor Adrian Rădulescu, who thinks that the blame for this lies with the Ministry of Agriculture.

"We are still working with equipment that should be in a museum"

THE "PROFITABLE AGRI-BUSINESS" CONFERENCE / LAURENŢIU BACIU, LAPAR:"We are still working with equipment that should be in a museum"

EMILIA OLESCUZiarul BURSA #English Section / 17 octombrie 2013

There are still farmers in Romania working with equipment that belongs in a museum, according to Laurenţiu Baciu, the president of the Romanian League of the Farmers' Associations (LAPAR), who added that, even though it is the most important sector, Romania's agriculture is still rudimentary and far from what it should be.

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"The subsidy for milk will bring into the economic circuit large quantities of milk that are undeclared"

THE "PROFITABLE AGRI-BUSINESS" CONFERENCE / DORIN COJOCARU, APRIL:"The subsidy for milk will bring into the economic circuit large quantities of milk that are undeclared"

A.O. (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 17 octombrie 2013

Romania produces at least 4 million liters of milk each year, but very large quantities of milk do not enter the economic circuit, according to the president of the Romanian Professional Association of the Milk Industry (APRIL), Dorin Cojocaru.

Steinmetz, Silberstein and Truică partner with Novomatic to take the slot machines away from the Greeks

SOURCES, ABOUT THE SITUATION AT THE ROMANIAN LOTTERY:Steinmetz, Silberstein and Truică partner with Novomatic to take the slot machines away from the Greeks

Emilia Olescu (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 30 septembrie 2013

Two of the contracts considered as unprofitable, concluded by the Romanian Lottery with the Intracom-Intralot-Lotrom group of Greek companies are generating extreme interest, because their expiration is getting near. The question arises whether...

Cypriot prosecutor: "Critical point" in the investigation of the acquisition of the stake of 9.7% of BT by Bank of Cyprus

THE INFORMATION PUBLISHED IN BURSA IN APRIL 2013, TAKEN UP AGAIN BY THE CYPRIOT PARLIAMENT IN SEPTEMBERCypriot prosecutor: "Critical point" in the investigation of the acquisition of the stake of 9.7% of BT by Bank of Cyprus

VERONICA PLĂCINTESCU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 26 septembrie 2013

The investigation of the authorities concerning the circumstances behind the acquisitions of a block of shares of 9.7% of Banca Transilvania by Bank of Cyprus has reached a "critical point", said in the beginning of this week, the deputy...

ASF has uncovered the complaint filed by the victim of the second case of stolen shares

RADU SOVIANI CONTINUES THE SEARCH?ASF has uncovered the complaint filed by the victim of the second case of stolen shares

ALEXANDRU SÂRBU (with some small contributions from MAKE) (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 25 septembrie 2013

Finally, on Tuesday, the Financial Oversight Authority (ASF) found the complaint filed by Mr. Gheorghe Palade, concerning the theft of shares that he was a victim of, after Radu Soviani, the spokesperson of the ASF had said on Monday that no such...

Expected changes at the top of CEC Bank?

Expected changes at the top of CEC Bank?

ALEXANDRU SÂRBU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 24 septembrie 2013

Rumors have been making the rounds in the banking market, according to which Radu Graţian Gheţea is going to step down as CEO of CEC Bank and to take over a position of vice-president of the bank. However, Mr. Gheţea told us that he intends to...

The ASF shuts down the pension funds for an audit

SIGNS OF CHAOS, AFTER THE THEFT OF THE SHARES OWNED BY THE HEAD OF IFC ROMANIA:The ASF shuts down the pension funds for an audit

ADINA ARDELEANU (with some contributions from MAKE) (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 23 septembrie 2013

The private pensions division of the Financial Oversight Authority (ASF) has decided to prevent the private pension funds from trading shares, on Friday and today, in order to review their portfolios, after the BURSA newspaper was the absolute...

Bernanke's acceptance

Bernanke's acceptance

CĂLIN RECHEA (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 20 septembrie 2013

I don't know how Ben Bernanke pictures the way future historians will look at his "legacy". The Princeton professor came to the helm of the Federal Reserve surrounded by his aura of expertise in the Great Depression of the 30s. He...

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