English Section

12 ianuarie
"2019 - the first year in which our industry did not perform well"

"2019 - the first year in which our industry did not perform well"

Recorded by Emilia Olescu (Translated by Cosmin Ghidoveanu)English Section / 10 ianuarie

Reporter: What were the end of 2019 and the beginning of 2020 like for businessmen?

Cristian Pârvan: The business sector feels that it must remain optimistic, considering last year's economic growth, of over 4%. This evolution is essentially a synopsis of the performance of the Romanian economy, even though we are still far from the results of economies similar to ours, namely Poland, the Czech Republic, Hungary, which have clearly higher performance ratios than we do. But, all in all, in spite of all the turbulence and challenges, our economy has found solutions to do well. Regarding the sources of that economic growth, it is obvious that 2019 saw a downward trend in terms of the participation of the industry in this performance. It is the first year in which the industry did not perform well, and stopped being an essential contributor, in terms of growth, to the evolution of the GDP.

One area where Government Emergency Ordinance 114/2018 had a positive effect was in the constructions sector. The figure with which construction increased in 2019 compared to 2018 shows that this stimulus was needed in the construction industry. A side effect was that a number of construction workers returned home, because the wages here were high enough to no longer justify their working abroad.

"The BSE will not remain unaffected by the conflicts in the Middle East, but it will be late to react"

ANALYSTS: "The BSE will not remain unaffected by the conflicts in the Middle East, but it will be late to react"

Andrei Iacomi ((TRANSLATED BY COSMIN GHIDOVEANU)English Section / 10 ianuarie

Our capital market will not remain unaffected by conflicts in the Middle East, but will most likely react late, being less exposed to international events than other, more developed foreign markets, analysts consulted by BURSA newspaper said. They stressed that, however, in the case of major events, the shares listed on the Bucharest Stock Exchange (BVB) will be affected, but not by the events themselves, but by their reaction to the evolution of other financial markets.

2020 - a special strategic thinking effort

2020 - a special strategic thinking effort

Theodor Stolojan (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 08 ianuarie

Theodor Stolojan (TRANSLATED BY COSMIN GHIDOVEANU)

The year 2020 will be marked by three events with a major impact on Romania's development: The European Union will adopt the new 2021-2027 financial perspective and we expect our country to be allocated a volume of European funds at least as high as the one it got in the 2014-2020 financial perspective; the political parties in Romania will finalize their electoral programs for both local and parliamentary elections, with a 2024 time frame; the Romanian Government will finalize its priority objectives for the negotiation with the European Commission of the new Partnership Agreement for the period 2021-2027, including the requirements that we will have to meet for accessing European funds.

Ediţia din 29.05.2020
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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...

17% rise for Biofarm shares

IN THE LAST NEAR TWO YEARS17% rise for Biofarm shares

Andrei Iacomi (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 08 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 / 05 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 / 04 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:...

Lies at the last minute of the presidential campaign

Lies at the last minute of the presidential campaign

George Marinescu (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 25 noiembrie 2019

The writhing of the candidate without theoretical odds 

The election campaign for the second round of the presidential elections did not offer anything to the citizens who are called to the polls on Sunday, November 24, to determine who will...

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...

The global economy - on the edge of the precipice

The global economy - on the edge of the precipice

MIHAI GONGOROI (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 12 noiembrie 2019

Adrian Vasilescu: "The German press talks about the end of abundance" 

Aurelian Dochia: "We won't see any tax hikes or budget spending cuts"

Adrian Mitroi: "Inflation, current account deficit and economic growth of...

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 / 06 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 / 02 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 / 08 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...

"A new type of sapiens populates the planet"

"A new type of sapiens populates the planet"

MASSIMILIANO CANNATA (TRANSLATED BY COSMIN GHIDOVEAN)English Section / 25 septembrie 2019

(Interview with Paolo Benanti, professor of technology ethics, the Gregorian Pontifical University)  

Massimiliano Cannata: Professor Benanti, what else should we know about artificial intelligence so that we overcome our current...

"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 / 06 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 / 03 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...

"Romania could very well implode due to so much stupidity"

"Romania could very well implode due to so much stupidity"

Recorded by EMILIA OLESCU (translated by Cosmin Ghidoveanu)English Section / 03 septembrie 2019

Reporter: How would you describe the current political situation and what do you think should happen to resolve the deadlock we are in?

Theodor Paleologu: I think is deplorable and it is the result of the worthlessness of the main...

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