English Section

21 octombrie 2020
Illustration by MAKE

The reply of the ASF to BURSA blows apart the official reports of the manager of SIF Banat Crişana

MAKEEnglish Section / 19 octombrie 2020

The response of the ASF to BURSA blows apart the official reports of SIF Banat Crişana, because the Financial Oversight Authority (ASF) contradicts the claims made by Bogdan Drăgoi, the CEO of SIF Banat Crişana (SIF 1), in the official documents sent to the Bucharest Stock Exchange (BVB), that he was required to manipulate the NAV when he used "mark-to-market" valuation for the shares of SIF Imobiliare (SIFI) in his portfolio, a contradiction, which, somewhat surprisingly, appears to contradict precisely the letter by which the ASF refuses our request to access a document, which we made based on the Free access to public information.

BURSA has filed a preliminary complaint against the Financial Oversight Authority (ASF)

BURSA has filed a preliminary complaint against the Financial Oversight Authority (ASF)

MAKE(Translated by Cosmin Ghidoveanu)English Section / 15 octombrie 2020

BURSA has submitted a preliminary complaint against the Financial Oversight Authority (ASF), because it is dragging its feet in answering the request for information included in an Open Letter, which was published in the September 2 issue (vezi "Scrisoare deschisă adresată domnului Nicu Marcu, preşedintele ASF"/ BURSA / 02 septembrie), but, to the surprise of the Communication Department of the ASF, it has also submitted with the Registry of the ASF, as an official request.

Tudor Ciurezu has presided for the last time the General Shareholder Meeting at SIF Oltenia

Tudor Ciurezu has presided for the last time the General Shareholder Meeting at SIF Oltenia

A.I., M.G. (Translated by Cosmin Ghidoveanu)English Section / 13 octombrie 2020

Tudor Ciurezu has presided, yesterday, the last General Shareholder Meeting of SIF Oltenia. Tudor Ciurezu, Anina Radu, Carmen Popa and Nicolae Stoian have been dismissed as directors of SIF Oltenia (SIF5), in the general shareholder meeting, which also approved the termination of the Ciurezu's mandate as CEO, items included on the Agenda upon the request of SAI Certinvest.

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Temper Tantrums... the American way

Temper Tantrums... the American way

CORNEL CODIŢĂ (Translated by Cosmin GhidoveanuEnglish Section / 1 octombrie 2020

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,...

High castling

High castling

CRISTIAN PÎRVULESCU (Translated by Cosmin Ghidoveanu)English Section / 28 septembrie 2020

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

Politics and the pandemic shake up the markets

Politics and the pandemic shake up the markets

MIHAI GONGOROI (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 23 septembrie 2020

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...

School is starting, every one for themselves!

School is starting, every one for themselves!

OCTAVIAN DAN (Translated by Cosmin Ghidoveanu)English Section / 14 septembrie 2020

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...

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

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

Emilia Olescu, George Marinescu (Translated by Cosmin Ghidoveanu)English Section / 7 septembrie 2020

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 constantly rising gap between the world's poor and rich

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

MIHAI GONGOROI (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 3 septembrie 2020

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,...

Rectification inflating budget deficit

Rectification inflating budget deficit

George Marinescu and Mihai Gongoroi (Translated by Cosmin Ghidoveanu)English Section / 17 august 2020

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"

MIHAI GONGOROI (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 14 august 2020

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...

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