English Section

22 decembrie 2019
Optimistic budget for 2020

Optimistic budget for 2020

EMILIA OLESCU (Translated by Cosmin Ghidoveanu)English Section / 20 decembrie 2019

Economic growth of 4.1%, budget deficit of 3.59%, average inflation rate of 3.1% - these are the main macro-economic indicators that the budget for next year was built around, according to the Report on the macroeconomic situation for the year 2020 and its projection for the years 2021-2023, posted on the website of the Ministry of Public Finance (MFP).

"There is no confidence in the management of the ASF"

MIRCEA URSACHE:"There is no confidence in the management of the ASF"

RECORDED BY ANDREI IACOMI (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 20 decembrie 2019

(Interview with Mircea Ursache, former president of ASF) 

"Listing of state-owned companies - the next challenge of our market"

"It is time for the new government to issue a new law stipulating the formation of two distinct supervisory entities: one for the capital market and another for private insurance and pensions."

"In the case of shareholders acting in concert at SIF Oltenia the natural thing to do for the ASF was to consult with the European authority"

Standard & Poor's says that we are going downhill

NEGATIVE RATING OUTLOOKStandard & Poor's says that we are going downhill

Emilia Olescu ( (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 13 decembrie 2019

Even though S&P expects that next year we will begin a process of significant fiscal consolidation, the rigid structure of the budget and the volatility of the political environment represent risks to this hypothesis 

Standard & Poor's (S&P) has worsened our rating outlook from stable to negative as a result of the growing budget deficit. In this context, our country will borrow at higher costs, and business people will think twic

Ropharma shares are down 23% over the last two years

WITH LOW LIQUIDITY AND NO DIVIDEND ALLOCATIONRopharma shares are down 23% over the last two years

ANDREI IACOMI ( Translated by Cosmin Ghidoveanu)English Section / 11 decembrie 2019

Marcel Murgoci, Estinvest: "Looking at it strictly from the point of view of the Price to Book Value indicator, we can say that the RPH stock is correctly valued" 

The shares of Ropharma Brasov (RPH), the company operating the drug store chain of the same name, have followed a mostly downward trend over the last two years, with the price going down about 23%, between December 27, 2017 - December 6, 2019, way behind the BET Plus index, of which the stock is a part of, which rose almost 28%, over the same period.

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17% rise for Biofarm shares

IN THE LAST NEAR TWO YEARS17% rise for Biofarm shares

Andrei Iacomi (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 8 decembrie 2019

Biofarm (BIO) shares have seen a rather tepid evolution over the last nearly two years. The Bucharest-based drug maker saw a rise of 16.78%, from the beginning of last year until the 4th of December 2019, below that of major companies listed on...

The logging industry, a cross-section

The logging industry, a cross-section

EMILIA OLESCU, DAN NICOLAIE (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 5 decembrie 2019

Denied, minimized, covered-up, the looting of the domestic forests comes to light in all its hideousness. What the media and regular folks have reported / found is now confirmed at the highest level. The accusations are serious, and the fact that...

The judicial system, Orban's pain in the neck

The judicial system, Orban's pain in the neck

GEORGE MARINESCU (translated by Cosmin Ghidoveanu ) )English Section / 4 decembrie 2019

The judicial system seems to be again in the spotlight, these days have been marked by a series of actions in the field, with an impact both on the activity of the magistrates and on the political scene.

Ilustraţie de MAKE

A mandate for reform

Cristian Pîrvulescu translated by Cosmin GhidoveanuEnglish Section / 25 noiembrie 2019

At the time I wrote these lines, five hours before the polls closed, Klaus Iohannis had a clear victory. No surprise! All indicators, throughout the day, anticipated a difference of at least 20% between Klaus Iohannis and his counter-candidate:...

The BURSA awards - a triumph

The BURSA awards - a triumph

EMILIA OLESCU (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 19 noiembrie 2019

Style and elegance, brightness and ostentation, light and color, music and dancing, prizes and surprises - those were some of the ingredients of the BURSA Gala on Thursday, November 14th, which, held at the majestic Palace of Parliament, marked...

Microscopic popes Ponta and Dăncilă (and maybe others, too)

Microscopic popes Ponta and Dăncilă (and maybe others, too)

MAKE (translated by Cosmin Ghidoveanu)English Section / 6 noiembrie 2019

MAKE (translated by Cosmin Ghidoveanu)

V.V. Ponta and V.V. Dăncilă have eliminated their traitors from the party (the few members ProRomania and the PSD who voted in support of the appointment of the Orban Cabinet). They are outright stating that they do not support the freedom of...

The reality of prostitution in television

The reality of prostitution in television

MAKE (TRANSLATED BY COSMIN GHIDOVEAN)English Section / 2 noiembrie 2019

MAKE (TRANSLATED BY COSMIN GHIDOVEAN)

In the case of Realitatea TV I do not feel that I need to do research, I am just going to write like any TV viewer would write - if it were that easy on most articles, journalism wouldn't matter much.

The PSD-dominated Olt river floods Victoria Palace

The PSD-dominated Olt river floods Victoria Palace

GEORGE MARINESCU (TRANSLATED BY COSMIN GHIDOVEAN)English Section / 10 octombrie 2019

Apparently, Viorica Dăncilă changed her mind on expelling Paul Stănescu, the leader of one of the most powerful county organizations of the Social democrats: "I consider all my colleagues act on good faith. They will prove that they were...

The NBR's ultimate monetary policy: prayer

The NBR's ultimate monetary policy: prayer

Călin Rechea (translated by Cosmin Ghidoveanu)English Section / 8 octombrie 2019

Călin Rechea (translated by Cosmin Ghidoveanu)

When you've painted yourself into the corner, by ignoring the mistakes of monetary policy, yours and those of others, the only "effective" measure remains prayer.

Swiss Franc beating the 2015 record

Swiss Franc beating the 2015 record

EMILIA OLESCUEnglish Section / 27 septembrie 2019

More than four and a half years after the explosion of the Swiss franc, (CHF), after repeated protests by debtors, wide scale debates in the Parliament, concerning draft laws on the matter, promises by politicians and banks that they would...

"Without Government Emergency Ordinance 114, the investment decisions for the Black Sea would have already been made"

DEPUTY VIRGIL POPESCU, VICE-PRESIDENT OF THE INDUSTRIES AND SERVICES COMMISSION:"Without Government Emergency Ordinance 114, the investment decisions for the Black Sea would have already been made"

ADELINA TOADER (TRANSLATED BY COSMIN GHIDOVEAN)English Section / 14 septembrie 2019

The lack of legislative predictability and instability have caused investors not to make investment decisions concerning the extraction of natural gas in the Black Sea, says Virgil Popescu, vice-president of the Commission for Industries and...

Dropping yields give investors cold feet

Dropping yields give investors cold feet

ADELINA TOADER, EMILIA OLESCU (translated by Cosmin Ghidoveanu)English Section / 6 septembrie 2019

Revenues of the biggest investment banks in the world have been dropping constantly, reaching a 13-year low in the first half of 2019. According to Financial Times, this drop came as a result of the geopolitical tensions, the slowing growth and...

Announcement for the extension of the submission deadline for participating in the audit tender process according to Article 16 of EU Regulation 537/2014 on specific requirements regarding statutory audit of public-interest entities

ADVERTORIALAnnouncement for the extension of the submission deadline for participating in the audit tender process according to Article 16 of EU Regulation 537/2014 on specific requirements regarding statutory audit of public-interest entities

English Section / 3 septembrie 2019

Following the invitation published on 1 August 2019, regarding the selection process of the financial auditor for the annual individual and consolidated financial statements of OMV Petrom SA ("OMV Petrom") and its subsidiaries, for the...

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