English Section

27 martie 2018
"Daniel Chiţoiu and ALDE are behaving as if Electrica were their own fief"

ALEXANDRU BOTEZ, ELECTRICA SHAREHOLDER:"Daniel Chiţoiu and ALDE are behaving as if Electrica were their own fief"

Adina Ardeleanu (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 27 martie 2018

The proposal of the Ministry of Energy that the shareholders of Electrica (EL) decide, in the General Shareholder Meeting of April 27th, the election of the members of the Board of Directors, through the cumulative vote method, for a term of four years, even though the current directors were elected in October 2017, also for four years, has caused discontent among some shareholders.

Dan Paul sues "Cemacon"

AS SHAREHOLDER,Dan Paul sues "Cemacon"

Adina Ardeleanu (Translated by Cosmin Ghidovean)English Section / 19 martie 2018

UPDATE 15.45 "Cemacon" confirms the lawsuit brought by Dan Paul 

"Cemacon" today sent the Bucharest Stock Exchange, a report whereby it confirms the existence of the lawsuit brought by Dan Paul, the president of the Association of Brokers. However, the officials of the company wrote that they have no details about the case.

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Dan Paul, the president of the Association of Brokers, has sued "Cemacon" (CEON), acting as shareholder, seeking the annulment of the shareholders' decision of March 24th, 2014, concerning the reduction of the share capital and of the subsequent acts, according to a notification seen by "BURSA".

Press: "The NBR has blocked the acquisition of Banca Românească by OTP Bank"

THE NATIONAL BANK OF ROMANIA ISN'T COMMENTING, EVEN THOUGH BOTH COMMERCIAL BANKS ARE LISTED ON THE STOCK EXCHANGEPress: "The NBR has blocked the acquisition of Banca Românească by OTP Bank"

Emilia Olescu (translated by Cosmin Ghidoveanu)English Section / 15 martie 2018

The National Bank of Romania (BNR) has blocked the acquisition of Banca Românească by OTP Bank România, according to information which appeared yesterday in the Romanian press, as well as on some foreign websites. Thus, the NBR hasn't issued an opinion on the transaction, even though the time by which it should have done so expired since back in autumn last year.

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The merit of Antena 3

The merit of Antena 3

MAKE (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 26 februarie 2018

MAKE (translated by Cosmin Ghidoveanu)

The success of Antena 3 is admirable! Dan Voiculescu has once again proved his usefulness, his television has created the somewhat plausible media context for justice minister Tudorel Toader to dare make his proposal for the revocation of Laura...

Toader proposes the revocation of Kovesi

Toader proposes the revocation of Kovesi

(translated by Cosmin Ghidoveanu)English Section / 23 februarie 2018

The dismissal of chief DNA (National Anti-corruption Department) prosecutor Laura Codruţa Kovesi was announced last night by Justice Minister Tudorel Toader, at the headquarters of the Ministry, after presenting the justification of the decision,...

Prosecutor Mircea Negulescu was sending love messages to Andreea Cosma.

The Cosma family, by William Shakespeare

MAKE (translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 20 februarie 2018

MAKE (translated by Cosmin Ghidoveanu)

Decorated by Traian Băsescu with the Star of Romania, Gunther Krichbaum, the president of the European Affairs Commission of the Bundestag, asks the president of the European Commission, Jean Claude Juncker, through a letter, not to suspend the...

Sex and the country with Viorica Dăncilă

Sex and the country with Viorica Dăncilă

MAKE (translated by Cosmin Ghidoveanu)English Section / 30 ianuarie 2018

The female prime-minister seems like a victory against sexism. The emancipation of our women seems to find its expression in the appointment of Viorica Vasilica Dăncilă as head of the Executive.

AFTER THE ROW CONCERNING THE AMENDMENT OF THE REFERENCE FOR THE NATURAL GAS ROYALTYProducers deny accusations of their failure to pay the royalties even though they did not concern them

ADINA ARDELEANU (translated by Cosmin Ghidoveanu)English Section / 18 ianuarie 2018

The Romanian Association for Oil Exploration and Production (ROPEPCA) yesterday denied, in a press release, the "grave and unjustified" accusations made against the Romanian producers of natural gas, "accusations which concern the...

The strongest "statesmen in the PSD" are...women!

The strongest "statesmen in the PSD" are...women!

Cornel Codiţă (translated by Cosmin Ghidoveanu)English Section / 17 ianuarie 2018

Unless something happens to cause us to hurry, by this Friday, or by Monday-Tuesday at the latest, we will be able to say: "Now we've seen everything!" For a historic first time, Romania will have a woman as a prime-minister!

Vasilescu, NBR: "We hope that banks will come out clean from the audit of the Competition Council"

AFTER BEING INVESTIGATED BY THE TAX ADMINISTRATION AND THE ANPC, BANKS GET INVESTIGATED BY THE COMPETITION COUNCILVasilescu, NBR: "We hope that banks will come out clean from the audit of the Competition Council"

EMILIA OLESCU (translated by Cosmin Ghidoveanu)English Section / 12 decembrie 2017

The financial banking system seems to be the focus of most of the investigation entities. After being audited by the National Tax Administration Agency (ANAF) and by the National Consumer Protection Authority (ANPC), some of the banks which...

Paul Anghel, ANPC: "It is abnormal for some telephony operators to interpret < < unlimited > > as < < limited > >"

THE COURT RULED THAT SOME CONTRACTS CONCLUDED BY CELL PHONE COMPANIES INCLUDE ABUSIVE CLAUSESPaul Anghel, ANPC: "It is abnormal for some telephony operators to interpret < < unlimited > > as < < limited > >"

EMILIA OLESCU (translated by Cosmin Ghidoveanu)English Section / 11 decembrie 2017

The Courts have decided that some contracts concluded by the telephony companies contain abusive clauses. The Court rulings were rendered last year, as well as in 2016, but the argumentations have been formulated relatively recently.

A new attempt to select a CEO for the BSE

A new attempt to select a CEO for the BSE

ADINA ARDELEANU (translated by Cosmin Ghidoveanu)English Section / 24 noiembrie 2017

According to some market sources, banker Ciprian Păltineanu and Adrian Tănase, Chief Investment Officer at NN Pensii România, will hold interviews in the beginning of next week with the Board of the BSE, after Ludwik Sobolewski's term expired...

"The decision of the Court of Justice of the European Union - a great benefit for the Spanish borrowers"

PATRICIA SUÁREZ RAMÍREZ, THE PRESIDENT OF THE ASSOCIATION OF FINANCIAL CONSUMERS OF SPAIN:"The decision of the Court of Justice of the European Union - a great benefit for the Spanish borrowers"

EMILIA OLESCU (translated by Cosmin Ghidoveanu)English Section / 23 noiembrie 2017

The ruling issued by the Court of Justice of the European Union (CJUE) in the Andriciuc versus Banca Românească case represents a great advantage for Spanish debtors, said Patricia Suarez Ramírez, the president of the Association of Financial...

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