English Section

30 martie 2016
"Good luck to banks in scrubbing their reputation of the dirt that has accumulated during the boom period!"

BOGDAN OLTEANU, IN A DEBATE ON THE ALTERNATIVE LITIGATION RESOLUTION (SAL):"Good luck to banks in scrubbing their reputation of the dirt that has accumulated during the boom period!"

E.O. (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 30 martie 2016

The period of economic boom has exacerbated the asymmetry between customers and banks, and this aspect has created the need to create an entity that would provide consumers with the option for the alternative resolution of disputes with banks, namely the Center for Alternative Resolution of Lawsuits in the Banking System (CSALB), says Bogdan Olteanu, the deputy governor of the National Bank of Romania (BNR).

The management of the BSE: "The resources of Sibex should be used for growth, rather than for prolonging losses"

THE BSE HAS ASKED FOR THE APPROVAL OF THE GENERAL SHAREHOLDER MEETING FOR ITS MERGER WITH SIBEXThe management of the BSE: "The resources of Sibex should be used for growth, rather than for prolonging losses"

A.A. (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 24 martie 2016

The merger of the two Romanian exchanges - the one in Bucharest and the one in Sibiu - is once again being brought up, as the shareholders of the BSE are being asked to decide on the matter, in the General Shareholder Meeting of April 26th.

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A banker's scam

MAKE (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 17 martie 2016

A crooked banker belonging to the team of internet posters of the banking system had an idea on how to scam BURSA, at around 1:30 AM on Tuesday night by posting, in the comments section of the article "A PROPOSAL FROM MUGUR ISĂRESCU...

Illusion peddlers

Illusion peddlers

CĂLIN RECHEA (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 11 martie 2016

The European Central Bank has cut all the interest rates it "controls" in the last monetary policy session, in hopes of stimulating economic growth and inflation.

Băsescu gently stepping over Isărescu

Băsescu gently stepping over Isărescu

A.S. (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 3 martie 2016

Former president Traian Băsescu recently attacked NBR governor Mugur Isărescu, including him on the list of those who don't realize the responsibility that having a significant position entails, together with interim Bucharest mayor Răzvan...

Night of the living banks

Night of the living banks

CĂLIN RECHEA (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 15 februarie 2016

Nassim Nicholas Taleb, the author of books such as "The Black Swan" and "Antifragile" that set the benchmark on discussing the fragility of the banking system, recently wrote on his Twitter account: "I wasn't worried about...

Good grief, the sky is falling!

Good grief, the sky is falling!

CĂLIN RECHEA (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 4 februarie 2016

When banks feel threatened by the passing of new draft laws or when they urgently need the help of the state, the ghost of the imminent collapse of the financial and economic system is aggressively "pushed" before the public and the...

"Do not give in to the huge pressure and the blackmail of the banking system"

AN OPEN LETTER TO THE PARLIAMENT BY BANK CUSTOMERS, AFTER THE POSTPONEMENT OF THE DEBATE ON THE LAW OF GIVING IN PAYMENT:"Do not give in to the huge pressure and the blackmail of the banking system"

A.S. (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 3 februarie 2016

Senators have begun their winter session with a one-week postponement of the Law on Giving in Payment, at the request of the banks' representatives, who claimed that they did not have enough time available to study the amendments.

The government and Petrom have been ignoring the Court of Accounts for seven years, and it is giving them another respite

THE SHARE CAPITAL INCREASE WITH THE PLOTS OF LAND CONTRIBUTED BY THE STATE The government and Petrom have been ignoring the Court of Accounts for seven years, and it is giving them another respite

A.A. (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 2 februarie 2016

In its 2014 audit, the Court of Auditors has found that the state had still not implemented the obligations which the Court had set for it back in 2009, concerning the share capital increase of "OMV Petrom" by the amount of the plots of...

Cuneiform script at the NBR

Cuneiform script at the NBR

MAKE (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 1 februarie 2016

The National Bank of Romania is hell-bent on embarrassing itself, claiming that its employees are not required to disclose their revenues, in an official response to an enquiry formulated by the BURSA editorial office.

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