English Section

21 iulie 2020

BOGDAN BADEA, THE PRESIDENT OF THE BOARD OF DIRECTORS OF HIDROELECTRICA"It is not the pandemic that is the real obstacle to investments, but the legislative jungle"

MIHAI GONGOROI (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 20 iulie 2020

Hidroelectrica has developed its supply component year after year, and in the coming years, the company's intention is to become an active player on the supplier market, after it doubled the quantity of energy supplied to end consumers in 2019 compared to 2018, the chairman of the company's board of directors, Bogdan Badea, said in an interview

"Tender books are a major issue in Romania"

THE "REAL ESTATE videoconferinta, investitii, imobiliare, achizitii, publice, pandemie AND PUBLIC PROCUREMENT DURING THE PANDEMIC" VIDEOCONFERENCE / ADRIAN VASCU, PARTNER AT VERIDIO:"Tender books are a major issue in Romania"

M.G.English Section / 17 iulie 2020

It is extremely important that the national digital inventory of buildings (real estate and public buildings) be made public after it is completed by the Government next year, says Adrian Vascu, Veridio partner and moderator of yesterday's debate. He also noted that tender books are a big problem in Romania.

STILL ON AN UPWARD TRENDThe public debt exceeds the threshold from the law on budget deficit restrictions

MIHAI GONGOROI (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 16 iulie 2020

The Ministry of Finance officially announced yesterday that it successfully raised USD 3.3 billion from foreign capital markets, which has led to Romania's public debt exceeding the 40% threshold in relation to GDP established by the law on budget ceilings, normative act approved in early January, following the initiative of the Orban government.

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The ASF allows offenders to run around in the stock market

The ASF allows offenders to run around in the stock market

MAKE (Translated by Cosmin Ghidoveanu)English Section / 13 iulie 2020

MAKE (Translated by Cosmin Ghidoveanu)

The ASF gives a new round of arbitrariness and abetting Najib el Lakis and Bogdan Drăgoi, on the occasion of the General Extraordinary Shareholder Meeting of SIF Oltenia scheduled for tomorrow, by once again refusing to declare the investments...

The schedule of economic recovery is accelerating

(Translated by Cosmin Ghidoveanu)English Section / 3 iulie 2020

Following the emergency measures, the Government has launched a new phase to support the economy - grants for business development and to accelerate the computerization process, support for greenfield and for workforce employment,...

COMPUTERIZATION OF ROMANIA AND 5G TECHNOLOGY" VIDEOCONFERENCE/ MARIAN MURGULEŢ, SECRETARY OF STATE, GOVERNMENT CIOGeneral Government Secretariat: "The electronic identity card will make the digital transformation of Romania irreversible"

(Translated by Cosmin Ghidoveanu)English Section / 1 iulie 2020

Our country will advance at least five places in the DESI ranking (ed. note: - Digital Economy and Society Index), in the first year after the implementation of the four projects, which the current Executive wants to carry out, said Secretary of...

Terrorist attack at the biggest stock exchange in Pakistan

Terrorist attack at the biggest stock exchange in Pakistan

A.V. (Translated by Cosmin Ghidoveanu)English Section / 30 iunie 2020

The Karachi stock exchange, Pakistan's biggest, was attacked yesterday by a group of militants armed with machine guns and grenades, an incident in which the attackers and members of the security personnel, as well as a policeman, were...

THE STOCK MARKET DURING THE "COVID-19" PANDEMIC VIDEOCONFERENCE / SEBASTIAN BODU, STATE COUNCILOR WITH THE CHANCELLERY OF THE PRIME MINISTER:"The Sovereign Wealth Fund will be a private-equity fund with subscriptions in companies not listed on the stock exchange"

G.M. (Translated by Cosmin Ghidoveanu)English Section / 26 iunie 2020

Within a maximum of three weeks, the government will approve the decision to set up the Sovereign Investment Fund, which will be a private-equity fund with money from the state budget, said Sebastian Bodu, state councilor in the Chancellery of...

Nicu Marcu, validated by Parliament as head of the ASF

Mihai GongoroiEnglish Section / 25 iunie 2020

Nicu Marcu, the only candidate for the position of president of the Financial Supervision Authority (ASF), was voted, yesterday, by the reunited plenary of the Chamber of Deputies and the Senate for the remainder of the term until 2023 at the...

The chairman seat awaits Nicu Marcu

Mihai GongoroiEnglish Section / 19 iunie 2020

The official withdrawal from the race of PSD senator Daniel Zamfir leaves free room to Nicu Marcu for the position of chairman of the Financial Oversight Authority (ASF). Marcu, currently vice-president of the Court of Auditors, has both the...

The Covid-19 pandemic - threat or a false alarm?

George MarinescuEnglish Section / 16 iunie 2020

From the article "Will we return to normal or not?" published in BURSA about a week ago, where we pointed out that the pandemic is behaving like a montagne russe, with the number of infections in Romania being up continuously,...

The Euro - every which way

The Euro - every which way

MIHAI GONGOROI (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 12 iunie 2020

Romania doesn't meet any of the four criteria for joining the Eurozone and switching to the Euro, the European Commission said, in its convergence report published yesterday.

The virus tends to isolate Italy economically from the EU

The virus tends to isolate Italy economically from the EU

Adelina Toader (Translated by Cosmin Ghidoveanu)English Section / 22 mai 2020

The blow dealt to Italy by the health crisis comes at a time when the country's economy and finance weren't exactly the most stable. Italy's public debt amounted to over 134% of its GDP at the end of last year, according to Reuters,...

The bomb is ticking at the ASF!

The bomb is ticking at the ASF!

EMILIA OLESCU (translated by Cosmin Ghidoveanu)English Section / 14 mai 2020

The scandal surrounding the Financial Oversight Authority (ASF) has escalated to a pitch, lately. The protests in the insurance sector, as well as the chaos in the stock market come amid the lack of supervision, those involved say.

The ASF needs to be cleansed

The ASF needs to be cleansed

MAKE (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 12 mai 2020

The inability of the Financial Oversight Authority (ASF) to fulfill its role is now visible, without the need for specialized subtleties, because the chaos induced in the SIF market has reached the stage where it requires the intervention from...

Grassroots democracy

CITIZENS TAKE OVER EUROPEGrassroots democracy

Cornel Codiţă (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 11 mai 2020

The diagnosis does not need many validations and revalidations: Democracy, in its very home, in the Western space of of its creation and historical development, is suffering. It is in trouble. It is weak, where it should have excelled: the...

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