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24 martie 2014

TOO LITTLE RESULTS AND FAR TOO MUCH COMPLEXITY, AFTER TWO YEARS OF NEGOTIATIONSThe banking union, another European project without a future?

CĂLIN RECHEAZiarul BURSA #English Section / 24 martie 2014

CĂLIN RECHEA

After negotiations which have lasted once again all night, the European authorities have announced, in the middle of last week, the completion of a new stage in the process towards the creation of the banking union. This new European structure is intended to break the vicious connection between banks and governments, which has fully demonstrated its negative effects over the last few years.

The daily volume trend on the Bucharest Stock Exchange has remained constant over the last two years, even though the BSE has gone through several CEOs.The coming of Ludwik Sobolewski at the helm of the Bucharest Stock Exchange hasn't brought about any visible changes in the trading volume. As the trend line has remained parallel to the x-coordinate. Just like it was during the times of Victor Cionga.The fact that the Exchange was left in the hands of interim CEO Alin Barbu did not change the trend of the trading volume, which means that it can function just fine without a CEO and the provisionality can remain in place forever. It would be cheaper.2.7 million Euros - yesterday's liquidity on the BSE.

It doesn't matter whether the CEO of the BSE is called Cionga, Barbu or Sobolewski

Adina Ardeleanu (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 21 martie 2014

The performance of the CEOs of the BSE does not represent an factor that has any influence on the volume of trades taking place on our stock market.

If we review the last two years, the value of the daily turnover follows a constant trend, regardless of who was in charge: Victor Cionga, Ludwik Sobolewski or interim CEO Alin Barbu.

Bîlteanu is considering disputing the charges of acting in concert at SIF Banat-Crişana

Bîlteanu is considering disputing the charges of acting in concert at SIF Banat-Crişana

ADINA ARDELEANU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 21 martie 2014

Dragoş Bîlteanu, the CEO of SIF1 Banat-Crişana, is considering disputing the rulings of the Financial Oversight Authority (ASF), which determined that the parties of the group which comprises Dragoş Bîlteanu himself, El Lakis Najib and the companies Romenergo, Smalling and Gardner (registered in Cyprus) was acting in concert.

The horrible result of the poll by Raiffeisen Bank

The horrible result of the poll by Raiffeisen Bank

R.V. (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 21 martie 2014

Raiffeisen Bank is running an online campaign these days, through which it is attempting to find out people's opinion about it.

Which is praiseworthy, considering that according to sociological studies, people's trust in the banking system has deteriorated lately.

But the opinions, are for the most part, unfavorable to the bank, its products and services.

There are happy Poles on the BSE

There are happy Poles on the BSE

ANCUŢA STANCIU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 21 martie 2014

Granting awards seems to be one of the stock market skills that Ludwik Sobolewski has mastered the best.

From arguing with the head of privatizations in the energy sector, Gabriel Dumitraşcu, on the listing of the Romgaz GDRs on the London Stock Exchange, Sobolewski went straight to the enthusiasm of granting Dumitraşcu the "man of the year" award for 2013, without any intermediate stages (we are wondering why he didn't grant Goldman Sachs an award too, as the latter was content with being just a sponsor at the Gala where Dumitraşcu was granted the award).

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Separatist movements in Europe

THE EUROPEAN EMOTIONSeparatist movements in Europe

VALENTIN BUSUIOC (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 18 martie 2014

A referendum concerning the separation of the Veneto region from Italy, will be held between March 16th and March 21st, and the 3.8 million citizens from the cities of Venice, Treviso, Padova, Belluno and Vicenza are being called to answer the...

Make's logic

Make's logic

Adrian Vasilescu, advisor to the NBR governor (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 10 martie 2014

In the March 4th, 2014 issue of "Bursa", struggled to cobble together a lame syllogism, from which he drew the conclusion I don't know how to make money.

Part of the "Romanians don't know how" series

Part of the "Romanians don't know how" series

MAKE (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 4 martie 2014

I am trying to understand what the students in Braşov made from what the officials of the NBR told them yesterday, in the educational session of the "Academica BNR 2014" program, which was held in the Aula of the Transilvania University.

The unimpaired ethics of the NBR

The unimpaired ethics of the NBR

IOANA POPA (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 24 februarie 2014

Particularly so since Cornel Cojocaru came to the Press Office of the National Bank of Romania, the team of that department has been incessantly talking about ethics, using it as an excuse to justify its discriminatory behavior in its relations...

Three people who are in full agreement with one another.

Isărescu + Ponta = Yitzhak

MAKE (translated by Cosmin Ghidoveeanu)Ziarul BURSA #English Section / 13 februarie 2014

Governor Mugur Isărescu had not yet responded to Traian Băsescu, yesterday by 17:30, even though yesterday, the president had explicitly and firmly asked him, in public (on B1TV), while making unprecedented accusations, that the National Bank is...

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