English Section

28 aprilie 2020

The coronavirus has changed the direction of the world

Prior to the pandemic, one of the main concerns of the entire world was the military. According to a report by the Stockholm International Peace Research Institute (SIPRI), last year, the biggest amount ever was spent globally, respectively 1.9 trillion dollars, since the beginning of the cold war (1990), when 1.5 trillion dollars was spent on arming. The amount allocated to the armed forces across the globe represents an increase of 3.6% over 2018 and represents the biggest annual increase in military spending since 2010.

The General Shareholder Meeting of SIF Banat-Crişana and a web of investment vehicles

SIF Banat-Crişana (SIF1), together with a series of investment funds which it finances to different degrees together with SIF Muntenia (SIF4), held at the end of 2019 approximately 26% of the equity of SIF4, whereas SIF Muntenia together with such financial vehicles held almost 18.2% of the equity of SIF Banat-Crişana.

SURPRISING HYPOTHESISThe spread of the Coronavirus stops after 70 days

• That happens regardless of whether isolation measures are imposed or not

Online publication of Times of Israel recently published the conclusions of a study by Isaac Ben-Israel, professor at the University of Tel Aviv and president of the National Research and Development Council of Israel, wherein he states that the number of new cases of infection with COVID-19 reaches a peak after approximately 40 days from the detection of the first cases, and after approximately 70 days the number of new cases reaches almost zero.

Sleep tight ASF! Lakis is working for you!

Despite the conviction of El Lakis Najib and Dragoş Bîlteanu for the manipulation of the capital market and for using in ill-faith the goods and credit of the company, the expansion of SIF Banat Crişana that they have begun continues to be assiduously prepared by them under the management of Bogdan Drăgoi, through maneuvers which, even though it may be glaringly obvious that they amount to the investors in SIF Oltenia acting in concert, they are still being tolerated by the Financial Oversight Authority (ASF).

The negative price of crude oil shows that absurdity has become the new "normal"

A negative price is an economic aberration, especially when it comes to one of the most important commodities and energy resources on a global level, just as negative interest is also an economic aberration.

1 Euro5.0770

1 Fr. elveţian5.4544

BNR

1 Liră sterlină5.8565

BNR

1 Dolar SUA4.4557

BNR

1 Gram Aur472.0453

BET20136.61

BET FI63961.37

BET NG1454.89

FIGHTING THE COVID-19 PANDEMICOn claims of keeping you alive, Google is looking to snoop on you

BigOOgle Brother uses the information about the citizens' movements, according to a press release from Google, combines it into statistically relevant flows about what they do and offers it to decision makers to fight the Coronavirus...

Ensuring the continuity of businesses in times of economic crisis

1. To the Chinese and Japanese, the word "crisis" is expressed through two different symbols, which mean "danger" and, respectively, "chance/opportunity". If we have to face the danger, that doesn't prevent us from...

DANIEL DĂIANU:"If the EU doesn't show solidarity in difficult times, it will lose relevance"

Reporter: What impact will the coronavirus pandemic have on the economies?

Pope Francis has chosen to ignore God's opinion

Jesuit Catholic Jorge Mario Bergoglio, meaning Pope Francisc of Rome and the Ahmadite Muslim Imran Khan, Pakistani prime-minister have asked on one voice, on the same day of Sunday, for the debt of poor countries to be reduced.

CLAUDIU DUMBRĂVEANU, ANRE:"We hope that the decisions made in the crisis period will not affect the energy industry"

• "Starting with July 1st, the prices of electricity for end users will depend on the competitive market"

"A government program for the companies listed that uses the issuing of bonds - a solution for supporting the business sector"

TO BE EXCLUSIVELY ACQUIRED BY THE GOVERNMENT"A government program for the companies listed that uses the issuing of bonds - a solution for supporting the business sector"

• (Interview with Dan Schwartz, Managing Partner, RSM Romania SRL)

Can the central banks still be dismantled before they wreck the world?

Through its decision, "the Federal Reserve has clearly expressed that it won't tolerate prudent and responsible investments", wrote Scott Minerd, co-founder and investment director at Guggenheim Partners, after the Federal Reserve...

Why can't the Federal Reserve solve the dollar crisis, even though it has the biggest printing press?

Extraordinary is no longer a word that is sufficient to describe what the Federal Reserve, the US central bank, has done or is doing to stop the propagation of the effects of the coronavirus epidemic, not just on the economy of the United States,...

Covid-19 bringing the oil industry to its knees, but also placing obstacles before clean energy

The oil industry is seriously affected by the pricing war between Saudi Arabia and Russia, as well as by the very weak demand generated by the Covid-19 pandemic, factors which have led to the collapse in oil prices.

FINANCIAL MARCHMarch, under the sign of Covid-19

March 2020 has seen several firsts, the effects of which are already being felt in the economic environment. The coronavirus epidemic has already started being felt in the first days of March, when a large number of companies decided that their...

ACADEMY MEMBER ILIE BĂDESCU:"Political idealism - a solution to the crisis which will be unleashed after the coronavirus pandemic"

Victor Roncea: Professor, in your opinion, how is the COVID-19 crisis changing the world, geopolitically? What will companies do in the new context generated by the coronavirus?

STUDIESCOVID-19, more of an economic crisis than a health risk

The Covid-19 pandemic is considered by most people first of all an economic crisis and only secondly a health crisis, recent studies quoted by the World Economic Forum state.

South-Eastern Europe, covered in Electromontaj power lines

The national grid for the transport and distribution of electricity has gone through several stages of development, but the biggest began 70 years ago, with the creation of the company known today as Electromontaj SA.

Romania and Georgia offer Europe a geoeconomic and cultural bridge to the Caucasus and the Caspian Sea

Georgia, the "land of wolves" or that of Saint George, officially pledged to the Virgin Mary, with a multi-millennial culture and with an alphabet and language unique in the world, with anti-communist saints, such as Metropolitan Nazar,...

GEORGE ZHANG, HUAWEI:"We are counting on stable relationships and free competitiveness in Romania"

• "We believe that in 2020 the Romanian Government will give the green light to the 5G auction"

The lie detector as a parliamentary instrument

Attempts to form a government cannot be aimed at achieving a negative effect, namely the dissolution of Parliament, possibly followed by early elections.

bursa, credit, chf, decizie, radu ghetea

"The decision to grant loans in CHF was a bad one"

(Interview with Radu Graţian Gheţea, Chairman of the Board of Directors of Libra Internet Bank and Honorary President of the Romanian Banking Association)

As early as the Ming Dynasty (1368-1644), the Chinese were writing medical treaties about administering natural treaties against scabies, by decoction of "plum rain", the preparation of which is illustrated in the picture above. It would be presumed that such a centuries-old practice gives them the chance to find an antidote to the coronavirus, natural or otherwise, as long as it is effective.

AFTER THE CHINESE NEW YEAR HOLIDAYStock exchanges in China hit by the coronavirus

• People's Bank of China: "The stock crash had irrational or even panic elements, triggered by the herd behavior"

Zentiva - ready to leave the stock exchange

• Brokers: "The capital increase operated by the company was done so that the majority shareholder would exceed the holding cap of 95%, which would allow them to take the company private"

BREXIT: Adios muchachos!

A historic moment for the European Union, which starting with February 1st, will lose an important member of its community! After 47 years in the European Union and three years of negotiations and disagreements which turned into a political...

IN THE LAST FOUR YEARSCompa has underperformed the BET-XT index

For the last four years, shares of the auto parts manufacturer Compa Sibiu (CMP) have gone through two distinct periods, namely, a rise up until the summer of 2017, marked by a high of 1,335 lei, followed by a downward trend that is ongoing, and...

The NBR has missed the inflation target (and got its own forecasts wrong)

Last year, the National Bank of Romania (BNR) missed both the inflation target as well as the consumer prices forecasts. The National Institute of Statistics (INS) announced yesterday an annual inflation rate of 4% last year.

"Getting listed has helped us grow and become stronger"

• (Interview with Alexandru Stânean, general manager of TeraPlast)

OVER THE LAST THREE YEARSNearly 270% rise for shares of Turbomecanica

• Alin Brendea, Prime Transaction: "The favorable context of the defense industry in recent years has also had a positive influence on the financial results of Turbomecanica"

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

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

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

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....

2020 - a special strategic thinking effort

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...

The Federal Reserve, between "the deep state" and the "economically clueless state"

The association between the Federal Reserve and the "deep state" fighting President Donald Trump was only a matter of time. Probably the only question is why so much time has passed from the first allegations made by Trump against the...

Santa came along with gifts and brought joy to children at the "BURSA" offices

Just like he does every year, for a few hours, this Saturday, Santa Claus stopped by at BURSA, with his bag full of sweets and toys. Around 150 children in the Popa Tatu area were delighted to see him again and to tell him poems and songs,...

Optimistic budget for 2020

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...

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

• (Interview with Mircea Ursache, former president of ASF)

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

• 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

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

• 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 leu can no longer escape the consequences of irresponsible policies

In October 2016, the governor of the NBR was saying that "throughout my career I have not seen a better macroeconomic situation for Romania", which was accompanied by "the greatest risks".

IN THE LAST NEAR TWO YEARS17% rise for Biofarm shares

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

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 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.

ANALYSTSIn 2050, there will be no one left to pay the public pensions

• Dochia: "The pressure on the pension system is very high and the decision makers need to be very careful when it comes to their decisions"

A mandate for reform

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:...