English Section

8 octombrie 2020

FROM 2000 TO 3000 INFECTIONSThe pandemic, near a new threshold, in just a week

Romania seems to be following in the footsteps of countries Covid-19 where it had an alert evolution.

The pandemic is changing the architec-ture of debt

• IMF: "The initiative of suspending the payment of debts needs to be extended until 2021"

BY 2025Nuclearelectrica has scheduled investments of 2.29 billion lei and wants to raise billions in funding, including from the stock market

• (Interview with Cosmin Ghiţă, CEO of Nuclearelectrica)

• "Nuclear energy comes with advantages that are impossible to ignore or minimize and can have a reversible effect on global warming"

• "Our goal is to remain by the end of the year aligned with the budgeted results"

• "By introducing Cobalt 60 in the Cernavodă reactors, SNN has the potential to become an important player in ensuring the supply of Co-60 within the EU"

The decapitation SIF Oltenia by SIF Banat Crişana, with the complicity of the ASF

There is no official explanation for the fact that the vice-president of SIF Oltenia, Cristian Buşu, is being exempted from the proposed personal liability proceeding formulated by the SIF Banat Crişana & SIF Muntenia & Fondul Deschis de Investiţii Certinvest BET FI Index & Fondul Deschis de Investiţii Certinvest XT Index & Fondul de Investiţii Alternativ Certinvest Acţiuni alliance.

Temper Tantrums... the American way

Is there anything left to ruin in American politics? So far one of the most beautiful, interesting and useful traditions has been ruined: the televised debate of the two contenders for the presidency. The key word is of course, debate. In the US, in particular, it has a specific meaning

1 Euro5.0991

1 Fr. elveţian5.4568

BNR

1 Liră sterlină6.0646

BNR

1 Dolar SUA4.5894

BNR

1 Gram Aur480.3618

BET16560.23

BET FI58069.22

BET NG1199.11

Political propaganda - powerless against the mayors who served their citizens

As if there were a higher power that gives meaning and an endgame to elections, some political analysts and journalists are proposing the arguable idea that Sunday was meant to settle the ratios between parties, by consolidating the power of the...

High castling

The pandemic did not cause the vote attendance to drop. On the contrary, it has remained comparable to what has happened in the local elections of 2008 and 2016

"The energy industry, the main engine for economic turnaround chosen by the EU"

VIDEOCONFERENCE/ CORNELIU BODEA, ROMANIAN ENERGY CENTER PRESIDENT:"The energy industry, the main engine for economic turnaround chosen by the EU"

The main engine that the entire European Union has chosen for economic recovery is tightly connected to the energy industry which is extremely significant in Romania's industrial system, said Corneliu Bodea, President of the Romanian Energy...

"It is highly unlikely that the call for tenders for 5G gets held this year"

• (Interview with Bogdan Chiriţoiu, president of the Competition Council)

Politics and the pandemic shake up the markets

The Leu has reacted differently against various currencies, during the pandemic, with the EUR/RON exchange rate going up, while the opposite happened to USD/RON. The latter happened because of the weakening of the dollar against the Euro, during...

"Chimcomplex has a strategic mission - to build a strong and integrated regional chemical company"

Chimcomplex Borzeşti, the chemical plant which has taken over a large portion of the assets of Oltchim, has made its strategic mission to become a chemical company that is strong regionally and integrated, said Tivadar Runtag, the new CEO of the...

ON THE FIRST DAY AS AN EMERGING MARKETStock prices did not reflect the optimism in the statements

The first day in the category of emerging secondary markets under the banner of the London agency FTSE Russell was marked by an event organized by the Bucharest Stock Exchange (BVB) and declining indices across the board, in a negative climate...

A CASE BROUGHT TO THE COURTS AFTER SIX YEARS OF INVESTIGATIONSThe odyssey of the copper that disappeared on the Bucharest-Constanţa railway

The criminal investigations conducted by the Railroad Transports Police and the prosecutors took nearly six years, before the case concerning the theft of nearly 160 tons of copper wire replaced upon the rehabilitation of the Bucureşti-Constanţa...

STATE OF THE UNION REPORT 2020, VON DER LEYEN COMMISSION:"Failure is not an option for the EU"

The turnaround plan for the European Commission in Brussels will remedy the damage caused by the coronavirus pandemic and will ensure the future for the next generation, according to the State of the Union 2020, drawn up by the von der Leyen...

School is starting, every one for themselves!

A new school year begins today, and the joy up until now has been replaced with fear and in some cases even with terror. The sanitary crisis is causing headaches for the authorities, teachers, children, and even to those who are...

Romania held the top position when it comes to fraud involving European grants last year

OLAF REPORT - 11 INVESTIGATIONS, 9 RECOMMENDATIONS IN ROMANIARomania held the top position when it comes to fraud involving European grants last year

The European Anti-Fraud Office last year issued nine recommendations of recouping European grants, in 11 cases investigated in Romania, which puts the country on an unenviable top position in the EU, according to its activity report for 2019 of...

"We won't sell off our country" has become the law after 30 years

Up until recently, nobody issued any public comments on the Law no. 173/2020 concerning some of the measures for protecting the national economic interests

National Statistics Institute announces that the GDP fell over 10%, Cîţu says he's pleased with the evolution of the economy

Statistical data announces a steep economic drop, from one year to the next, but the Finance Minister says he's pleased with our economic evolution, given the current international context

PSD sliding down, Covid-19 and the deficit on the rise

The aftermath of the political dispute in July made its negative effects fully felt throughout August. Due to the political indecision regarding the quarantine law that tormented the Romanian society in the middle of summer, we faced, last month,...

THE BURSA "TELECOMMUNICATION AND EDUCATION" VIDEOCONFERENCE / JEAN BADEA, ADVISOR IN THE MINISTRY OF EDUCATION:"Internet as a resource is the most important in the action of education"

From the moment the online education segment has been occupying a more important position - since the beginning of the pandemic -, the two segments - telecommunications and education - have consolidated their relationship, says Jean Badea,...

"Internet as a resource is the most important in the action of education"

THE BURSA "TELECOMMUNICATION AND EDUCATION" VIDEOCONFERENCE / JEAN BADEA, ADVISOR IN THE MINISTRY OF EDUCATION:"Internet as a resource is the most important in the action of education"

The constantly rising gap between the world's poor and rich

Wealth gaps at the level of the population have always existed. But this year, with the total disconnection between the markets and the real economy, the gap between the rich and the poor has become more than obvious - particularly in the US,...

Open letter for Nicu Marcu, President of ASF

Date: 01.09.2020

As president elect of the PSD, Ciolacu has started off on the wrong foot: the failure of the vote of no-confidence

The Orban government will remain in Victoria Palace. The plenum of the Parliament did not debate and vote on the motion of no-confidence yesterday, because of the failure to meet the required quorum. The action of the social-democrats began just...

The Orban government under the pressure of the political left

The action of the PSD initiated two weeks ago to dismiss the Government will complete today, following the debate and the vote on the motion of no-confidence. The two sides seem certain of their respective victory

IN THE BILATERAL TRADE WARThe US and China are announcing progress, despite high tensions

Talks between the United States and China, though they only took place over the phone, have brought the world's two superpowers into the spotlight

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.

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...

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...

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...