English Section

25 august 2020

The global economy knocked out by Covid-19

The new coronavirus continues to cause massive damage to the global economy.

30 years of BURSA, in the vision of Eugen Mihăescu

The anniversary caught him unprepared, so he has expressed his regret that his idea is just a sketch.

ANNIVERSARY EDITION - 30 YEARSRomania - 30 years, BURSA - 30 years

Romania has a territory, but it is more than just some square kilometers of land.

Romania now celebrates 30 years since the Revolution, but it is a lot more than a number of the days elapsed in that time.

Romania resembles BURSA. BURSA also has some square kilometers of printed papers which could cover up Romania, in fact it could stretch across the Prut river.

THE NEW SCHOOL YEAREuropean nightmare with pupils, teachers and parents

The beginning of the new school year is creating troubles for every European government. The sanitary crisis is far from being over and there is the justifiable concern that schools can turn into true coronavirus hotspots. The more resolute Balkanic governments, have already decided - either that school will be conducted exclusively online, or postponing the classes until October 1st- others including the Romanian one, are working with several options and ... are waiting for time to pass and for the virus to go away.

WITH BANKRUPTCY HANGING OVER ITThe HoReCa industry rips on the government

Hurt badly by the quarantine, the HoReCa industry all over the world is suffering. Whereas in the first months the situation has been accepted without much discussion, after the appearance of the first easing measures the first complaints have started being heard. Locally, the actors involved think that the measures dictated by the authorities are disproportionate compared to the situation, and give examples from other EU countries, and accuse the Orban cabinet of being unwilling to have a dialogue.

1 Euro5.0645

1 Fr. elveţian5.4146

BNR

1 Liră sterlină5.8692

BNR

1 Dolar SUA4.3179

BNR

1 Gram Aur459.5007

BET18527.28

BET FI60596.53

BET NG1349.91

A DECISION THAT ISN'T JUST INEXPLICABLY BADThe investment of SIF Banat Crişana in Blue Air bonds has violated the norms of the ASF

The loss of 9.3 million Euros which SIF Banat Crişana concealed from investors in the Net Asset Value Report for July reported to the BSE was the amount paid last year for the Blue Air Aviation S.A. bonds (9 million Euros, date of purchase:...

New accusations against BaFin, in a case similar to the inaction of the ASF when it comes to the manipulation at SIF Banat Crişana

New accusations have been issued against BaFin (Bundesanstalt fur Finanzdienstleistungsaufsicht) - the institution similar to the Financial Oversight Authority (ASF) -, in a case similar to the inaction of the ASF in the case of the manipulation...

Rectification inflating budget deficit

The draft budget revision published at the end of last week sparked a series of pro and con opinions, especially in view of the increase of public expenditures by 18.2 billion lei, due to the pension point hike by 14% and the increase of...

"The state needs to ensure that 5G networks cannot be used against it or against its allies"

THE BURSA ONLINE DEBATE - THE PROBLEMS OF 5G TECHNOLOGY AND THE PROBLEMS IT SOLVES / MARIAN MURGULEŢ, STATE SECRETARY AND CHIEF INFORMATION OFFICER IN THE GOVERNMENT:"The state needs to ensure that 5G networks cannot be used against it or against its allies"

An important step for the organization of the 5G call for bids for range license is the transposition of the 5G memorandum signed between the Romanian government and the US government, and the Romanian state needs to ensure that the 5G networks...

A SUSTAINABLE ECONOMY IS NOT BUILT ON REAL NEGATIVE INTEREST RATESThe NBR has to admit its irrelevance and turn into a Monetary Council

Any builder worth their salt knows nothing durable can be built on a fragile foundation. Nevertheless, the "nine builders" of the Board of Directors of the NBR have affirmed precisely a message like this through their last cut of the...

AFTER THE CRASH CAUSED BY THE QUARANTINEThe market capitalization of the biggest European exchanges has increased by 1.8 trillion dollars

The coronavirus pandemic has affected the global stock markets, causing significant volatility and heavy drops in share prices, but over the last few months they have recovered their ground, nearing their pre-Covid-19 values

Responses of the market institutions to the request by BURSA for their taking a stand on the manipulation at SIF Banat Crişana

BURSA journalists have asked the market institutions to publicize their positions in the case of manipulation of SIF Banat Crişana, revealed in a series of articles we published over the last 11 days, so that they have addressed two questions to...

Budget deficit and rising infections, but economic turnaround plans on paper

The month had a stormy debut from its first day, when the Government presented the Naţional Plan for Investments and Economic Turnaround, which is when PM Ludovic Orban said: "< < Reclădim România > > (We are rebuilding Romania) is a program...

The response of SIF Banat Crişana can be suspected of attempted market manipulation; the NAV is knowingly being manipulated

• (A response in ten points and a Note addressed to the Reply by SIF Banat Crişana)

The goals of the Islamic Republic of Iran in achieving a peaceful nuclear program

EXCLUSIVE FOR BURSA, THE NEGOTIATOR OF THE NUCLEAR PROGRAM OF THE ISLAMIC REPUBLIC OF IRANThe goals of the Islamic Republic of Iran in achieving a peaceful nuclear program

Over the last few years, as senior negotiator of the nuclear program of the Islamic Republic of Iran, I have been in contact with various parties from countries and from international organizations, and the fundamental and essential question of...

Bogdan Drăgoi chairman of SIF Banat Crişana self-denouncing on market manipulation

Shocking! The chairman of SIF Banat Crişana (SIF 1) Bogdan Drăgoi self-denounces in the Communique sent to the Bucharest Stock Exchange on July 30, 2020: "Prior to April 2019, the differences in value between the two evaluation methods have...

Why do pharma companies need immunity against the law?

The authorities and pharma companies are not even trying to hide the fact that they see the population as anything more than a mob of guinea pigs without any rights

The Milan Stock Exchange becomes a takeover target

The London Stock Exchange Plc (LSEG), the operator of the London Stock Exchange - LSE, may spin-off, in part or in full, the Milan Stock Exchange (Borsa Italiana), which it owns, a move that would make it easier for it to obtain European Union...

SIF Real Estate - a case that illustrates the sorry state of our capital market

The difficulty in dealing with these cases of manipulation and fraud lies in the fact that many words are needed.

The European Commission is looking at financializing the economy following the American model

Strict financial regulations are the norm in the European Union. The Covid-19 pandemic, however, is causing a change in European orthodoxy regarding capital markets

THE LAUNCH OF THE ECONOMIC RECOVERY FUND HAS GENERATED A CONSTITUTIONAL CRISIS IN FINLAND What will Europe built on a lie look like?

The European Commission's statement on the "EU budget that fuels the recovery plan for Europe" states that "most of the recovery measures will be funded by a temporary recovery instrument, Next Generation EU, with a financial...

The elimination of the holding cap in the SIFs, or how cryptocommunists are taking their country back

As the cap on holdings by individual investors was being raised, projects and strategies to go around it have been were conceived, as Bîlteanu and Lakis did by having SIF Banat Crişana take over the manager of SIF Muntenia.

THE EU SUMMIT FOR THE ECONOMIC RESTARTA fund for economic turnaround or for the irreparable split of the EU?

The disastrous economic effects of the pandemic have revealed once again the deep dissensions of the European Union. Disregarding the concept expressed in the English saying that "beggars can't be choosers", Europe's poor...

The global financial system is reconfiguring its architecture

e dollar and Euro are losing their shine to gold and bitcoin

IIF: THE PANDEMIC HAS LED THE GLOBAL DEBT TO 331% OF THE WORLD'S GDPThe burden of global debt is too great for a sick world

In the last quarter of 2019, the global Gross Domestic Product increased by 3 trillion dollars compared to the same period of the previous year, amid a 12.1 trillion increase in global debt.

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"

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...

"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"

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...

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

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...

The Romanian Investment Fund and the National Development Bank, Romania's hopes of economic relaunch

The financial instruments proposed by the Orban government through the National Investment and Economic Turnaround Plan could constitute a lifeline for Romanian entrepreneurs and for the investment projects in every economic sector

The authorities of passing "pseudo - measures" to fight illegal logging

The latest legislative changes by forestry authorities are causing further unrest. Fordaq - The Community of Romanian Rangers and the Federation of Romanian Forest and Pasture Owners - Nostra Silva draw attention to the "pseudo -...

The ASF allows offenders to run around in the stock market

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...

PIATRAONLINE SUPPLEMENT/ MARIANA CONSTANTINESCU BRĂDESCU, MANAGING PARTNER PIATRAONLINE:"Stone is the foundation which I built my business on"

The pandemic will lead to a worldwide economic stagnation, which will definitely be felt on the Romanian market, thinks Mariana Constantinescu Brădescu, Managing Partner Piatraonline.

Who watches the watchdogs, who audits the auditors and who catches the thieves?

On September 3, 2018, the Wirecard stock reached the all-time high of 195.5 euros on the Frankfurt Stock Exchange. On June 17, 2020, the price WDI was 104.5 euros, and at the end of last week the closing price was 3.3 euros, after reaching a low...

FINANCIAL JUNEGovernment in a state of alert, people at ease, deficit rising

The state of alert has left its mark both on the political scene and the economic activity carried out in June. Many of the measures passed by the Government and Parliament have been aimed at further supporting the private business community and...

The schedule of economic recovery is accelerating

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,...

THE NATIONAL INVESTMENT AND ECONOMIC TURNAROUND PLANMicro-enterprises urge the immediate intervention of the Government

The economic turnaround plan proposed by the Orban government hasn't thrilled the experts, because according to its contents, it doesn't seem meant to quickly resolve the dramatic situation which tens of thousands of microenterprises that...

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"

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

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 pandemic has led to an unprecedented contraction in global trade

The freezing of economic activity to stop the spread of the coronavirus epidemic led to the unprecedented contraction of global trade in April 2020, according to the World Trade Monitor report published by Dutch institute CPB (www.cpb.nl)

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"

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

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...