English Section

5 martie 2017
The language of Wolfgang Schäuble and Raiffeisen Bank has created its own synonym in Romanian for bribe

The language of Wolfgang Schäuble and Raiffeisen Bank has created its own synonym in Romanian for bribe

MAKE (translated by Cosmin Ghidoveanu)English Section / 1 martie 2017

Steven Van Groningen confuses me with every one of his actions: "I care. That's why I was in that square", the Dutchman who is the president of Austrian bank Raiffeisen Bank, the chairman of the Council of Foreign Investors (for a long time also president of the Coalition for Romania's development), said after his presence at the protests of Victoria Square against Ordinance 13 was criticized by PSD president Liviu Dragnea.

Vlădescu doesn't rule out a criminal complaint against Prosszer

Vlădescu doesn't rule out a criminal complaint against Prosszer

Ancuţa Stanciu; Adina Ardeleanu (translated by Cosmin Ghidoveanu)English Section / 20 februarie 2017

Reporter: How do you think the major loss of approximately 39 million Euros which Romcab reported last weekend for the year 2016 can be explained, considering that after nine months, it had posted a net profit of approximately 9 million Euros?

Sebastian Vlădescu: The problem is that I can't explain that loss.

"Sadalbari" put up its stake in "Romcab" as collateral in favor of a Cyprus offshore company

MAJORITY SHAREHOLDER MADE MOVES BEFORE THE FILING FOR INSOLVENCY"Sadalbari" put up its stake in "Romcab" as collateral in favor of a Cyprus offshore company

ADINA ARDELEANU (translated by Cosmin Ghidoveanu)English Section / 16 februarie 2017

UPDATE "Romcab" had losses of 178.23 million lei last year, after it got a profit of 42.13 million lei in 2015, according to the preliminary financial report sent this evening to the Bucharest Stock Exchange. 

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The controlling stake of 69.02% of "Romcab" (MCAB), owned by "Sadalbari", has been pledged to "Stareal Limited" of Cyprus, on February 6th, 2017, four days before the Târgu Mureş cable maker filed for insolvency, according to the Electronic Archive for Secured Transactions.

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"Romcab" putting banks through the wringer

"Romcab" putting banks through the wringer

ADINA ARDELEANU (translated by Cosmin Ghidoveanu)English Section / 14 februarie 2017

The request by "Romcab" (MCAB) to enter insolvency, submitted on Friday and reported yesterday to the Bucharest Stock Exchange (BVB), is causing anxiety among Romanian banks, considering that many of them have exposure to that company, as...

The government has not asked for the verification of the principle of bicameralism in the law of conversion

SPECIALISTS: "THE CONSTITUTIONAL COURT HAS CHANGED THE RULES OVER NIGHT"The government has not asked for the verification of the principle of bicameralism in the law of conversion

Emilia Olescu (translated by Cosmin Ghidoveanu)English Section / 9 februarie 2017

In the ruling of the Constitutional Court of Romania, (CCR) concerning the law of conversion, a grave mistake has been made, some specialists claim, who stress that the CCR has also invoked the principle of bicameralism when it has ruled that the...

Conflict of interest at the ECB?

Conflict of interest at the ECB?

CĂLIN RECHEA(translated by Cosmin Ghidoveanu) English Section / 24 ianuarie 2017

The institution of the EU Ombudsman recently received a complaint from NGO Corporate Europe Observatory (CEO), concerning the ties that exist between major members of the ECB management and the Group of the 30.

The appointment of the board of Hidroelectrica, postponed

The appointment of the board of Hidroelectrica, postponed

Adina Ardeleanu (translated by Cosmin Ghidoveanu)English Section / 17 ianuarie 2017

The General Shareholder Meeting of Hidroelectrica, scheduled yesterday for the appointment of the new Board of Directors, was not held due to lack of quorum, because the Ministry of Energy didn't attend the meeting, according to market...

The Swiss franc still hasn't frozen this winter

The Swiss franc still hasn't frozen this winter

EMILIA OLESCU, ANDREI MURGULEŢEnglish Section / 16 ianuarie 2017

Street protests in front of government buildings, heated debates over some legislative projects, disagreements between bankers and MPs, threats, arguments, debtors boycotting banks, foreclosures, empty promises, many lawsuits, suicides - this is...

Florian Coldea (photo source: Sri.ro)

MADE AVAILABLE TO HELLVIGColdea gets the hiccups

A.S. (translated by Cosmin Ghidoveanu)English Section / 13 ianuarie 2017

Fugitive Sebastian Ghiţă won one victory last night, when the Romanian Intelligence Service announced, in a press release, that general-lieutenant Florian Coldea will be made available to director Eduard Hellvig. The decision of the SRI came...

Dragnea's guarantee

Dragnea's guarantee

MAKE (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 19 decembrie 2016

The suspicion that the program of the PSD is nothing but a bunch of promises that won't be honored, once the party's members get into the government, was countered by the president of the party, Liviu Dragnea, who invoked the guarantee of...

Who should Gâdea apologize to? And Cioloş?

MAKE (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 9 decembrie 2016

The manager of the much criticized TV network Antena 3, Mihai Gâdea, has staged a vendetta against PM Dacian Cioloş, in the interview which the PM accepted, three nights ago, after the head of the Government had made the following statement in a...

Romanian government to take public 20-25% stakes in Hidroelectrica, CEC Bank and Telekom Romania

NEW LISTINGS FROM STATE OWNED COMPANIES, INCLUDED IN STRATEGIC DOCUMENT "COMPETITIVE ROMANIA"Romanian government to take public 20-25% stakes in Hidroelectrica, CEC Bank and Telekom Romania

ADINA ARDELEANU (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 6 decembrie 2016

The technocratic government led by Dacian Cioloş proposes the listing of 20-25% stakes in Hidroelectrica and CEC Bank, among the measures meant to help the development of the Romanian stock market, included in the final strategic document called...

Woman featured in "The Sun" assembling toys together with her children claims she was set up

BRITISH MEDIA STRIKES AGAIN, ALLEGING THE EXPLOITATION OF ROMANIAN CHILDREN Woman featured in "The Sun" assembling toys together with her children claims she was set up

C.I. (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 28 noiembrie 2016

Timea Jurj, the woman from Satu Mare which according to British publication The Sun was allegedly using her children to assemble the toys used in Kinder chocolate eggs, claims that everything was a set up and that she was promised her husband...

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