English Section

11 septembrie

A diversified long-term approach with constant investments in quality companies is the solution to navigating through episodic market turbulence, according to fund managers. (Illustration: collage by MAKE)

The most severe correction of the last two years on our stock market has; What advice do fund managers have?

Our stock market is experiencing the most severe correction in the last two years, after a massive increase in indices starting from mid-2023, a period in which the BET-TRN index, which reflects both the price evolution of the twenty most liquid stocks on the Stock Exchange Valori Bucharest (BVB) as well as the reinvestment of net dividends, had an advance of 51%.

Promotion of wines in audiovisual, requested by producers to increase consumption

• European MEPs are in a dilemma, because according to the European Action Plan to fight cancer, alcohol consumption is harmful to health • The European Commission encourages the production of wines with a low alcohol content • Wine consumption at European level decreased by 24% between 2010- 2020, and estimates show an average decrease of 0.2% per year from 2020 to 2031

Alexandru Combei, BRD Asset Management: "There are chances that in the second semester the economic growth of Romania will accelerate"

• "Investors should not react emotionally during periods of high volatility"

There are chances that in the second half of the year the economic activity of our country will be more dynamic, thanks to the impulse from domestic demand, believes Alexandru Combei, CFA, Investment Director of BRD Asset Management.

Răzvan Paşol, Patria Asset Management: "We must have a very good allocation of savings by asset class"

• "History has shown that over longer periods of time, all declines in the stock markets have been recovered and overcome"

• "In Romania we have the problem of deficit; we will probably see the bill next year"

Mars: "From a macroeconomic point of view, the defense effort has no fixed optimal limit, expressed as a percentage of GDP. It all depends on the threats a nation faces and its size. NATO recommends a target of 2% of GDP for defense spending, however, during the Cold War, this value was at least 3%".

Mars analysis: "European states must invest massively in the defense industry"

European states living under the threat of the Russian Federation must invest massively in the production capacities of the national defense industry, says an analysis by the think-tank Mars (formerly the 2 March Foundation - 2-Mars) published in the French daily La Tribune, group which is made up of thirty French personalities from different backgrounds, from the public and private sectors and from the academic world, and which produces analyzes on issues of strategic interests related to the defense and security industry, technological development and industrial options.

1 Euro4.9759

1 Fr. elveţian5.2641

BNR

1 Liră sterlină5.9642

BNR

1 Dolar SUA4.4629

BNR

1 Gram Aur382.8727

BET17583.13

BET FI60641.02

BET NG1234.08

The Court of Justice of the European Union decided yesterday, definitively, that Google must pay a fine of 2.4 billion euros - a penalty applied by the European Commission in 2017 - for the abuse of its dominant position on the search engine market, because it favored its own shopping comparison service, according to the Euractiv.com website.

Google and Apple, severely sanctioned by the Court of Justice of the European Union

• CJEU magistrates have decided that Apple must pay 13 billion euros to Ireland as unpaid taxes • In the case of Google, the company will pay 2.4 billion euros for abuse of a dominant position • CJEU decisions are final

The minister's hearing in the plenary session of the Chamber of Deputies would take place on October 8, 2024, during the Government Hour program, according to a press release issued by USR. (Photo source: facebook / Angel Tîlvăr. Foto credit: MApN, Laurenţiu Turoi)

The Minister of National Defense, summoned to Parliament in the Russian drone scandal

• Minister Angel Tîlvăr would participate in the meeting of the Defense Committee in the Senate today • USR summoned Minister Tîlvăr to the Government Hour program, in the plenary session of the Chamber of Deputies on October 8

Dan Dascal, BT Asset Management: "The long-term stock market trend is up"

• In the last five years we have had pandemic, war and interest rate hikes; however, equity fund returns were over 100%, according to BT Asset Management Director

Equity markets are reflections of growing economies, so we have every reason to...

Adrian Negru, Raiffeisen Asset Management: "Long-term, recurring investments in quality companies are the secret of success"

• "The reaction of the stock markets is not necessarily correlated in the short term with the fundamentals of the companies"

• "I think we will have bigger performance discrepancies between sectors and companies"

In the military operations in Afghanistan carried out under the umbrella of NATO, 2,461 US soldiers lost their lives, and 125,000 people were evacuated when the troops withdrew. According to Sharon Yang, one of the spokespersons of the US Presidential Administration, during the 20 years in which US troops were present in Afghanistan (2001-2021), the US spent over 2 trillion dollars on operations there.

John Kirby: "The US did not abandon any weapons to the Taliban during the withdrawal from Afghanistan"

• The White House official's statement was made following the publication of a report prepared by the Republicans in the House of Representatives regarding the withdrawal of American troops from Afghanistan in the summer of 2021 • According to...

According to JP Morgan, a 1% increase in the share of the over-65 population will lead to a 0.85% increase in the return of the healthcare sector over a ten-year period.

JPMorgan: The population is aging, which is bad news for stocks

• Historically, an aging population has led to declining yields, lower growth in corporate profits and lower valuations, according to the bank's strategies

Marcel Ciolacu specified: "We picked up the planes, we monitored and if they had a target on Romanian territory we acted. (...) I spoke with the Minister of Defense. There were no particular problems on the ground, the attacks will continue, because grain exports are coming again. That's it, we have a war near the border with Romania".

Marcel Ciolacu: "If the Russian drones had a target on Romanian territory, we would act"

If the Russian drones that flew over Romania's airspace on the night of Saturday to Sunday had targets on the territory of our country, they would have been shot down by F-16 planes, Prime Minister Marcel Ciolacu said yesterday, before the...

Negotiations for electricity interconnection between Greece and Cyprus

The energy ministers of Greece and Cyprus discussed yesterday the details regarding the implementation of the Great Sea Interconnector project, through which a submarine cable would be installed regarding the transport of electricity between the...

Conflict of interest within the European Food Safety Authority

Some of the experts of the European Food Safety Authority (EFSA) are in conflict of interest by being involved in projects regarding genetically modified organisms (GMOs), says the non-governmental organization Testbiotech, quoted by the French...

iHunt Technology - revenue and profit growing, mid-year

• For this year, the company budgeted 40 million lei for business and a net profit of 1.85 million lei; last year, iHunt had a loss of 1.37 million lei

Online retailer and manufacturer of mobile phones, gadgets and accessories iHunt Technology...

Deputy Miruţă mentioned that Romanian IT specialists are not only sought after by companies in Israel, but by large firms from all over the world, because they are well trained in the faculties of computers, electronics and informatics in our country.

Radu Miruţă, Deputy: "The government should offer fiscal facilities to software companies that stubbornly pay taxes in Romania"

IT specialists can be kept in our country by offering attractive incomes, even by granting tax facilities, claims deputy Radu Miruţă (USR), secretary of the Commission for Information and Communications Technology (TIC) in the Chamber of Deputies.

The President of ARIES Timişoara mentioned that at the moment Romanian companies in this sector of activity need larger teams for the projects requested by the international community, by the global industry, projects whose implementation would lead to the rapid development of domestic companies.

Daniel Giurea, ARIES: "Digital nomads work not only for companies in Israel, but also for other IT companies in the world"

There is currently no IT workforce exodus from Romania to Israel, but we have digital nomads who work from our country for companies from other countries of the world, including those from the Holy Land, Daniel Giurea, the president, told us of...

Corina Vasile: "It must be taken into account that the teams and companies from Romania are in competition with any other companies in the global market, and the cost is a critical element".

Corina Vasile, ANIS: "The IT workforce is one of the most mobile"

The labor market specialized in IT has moderated in the last 12 months, even if there is still a shortage for certain specializations, Corina Vasile, executive director of the Software and Services Industry Employers' Association (ANIS), told us.

The delocalization of Israeli IT companies gives rise to the migration of our workers... while they remain at home.Illustratuin: Collage by MAKE

How affected is Romania by the migration of israeli IT companies?

Romania, Bulgaria, and Poland have become the main destinations for hiring IT specialists in Israeli start-up companies, as the war in Israel has forced them to move part of their operations abroad to ensure business continuity, according to an...

Our IT specialists, coveted by foreign companies

Romania has become an attractive destination for economic, technical, and cultural reasons for Israeli companies looking to expand their IT teams outside of their main headquarters, according to a report published on the Carbon website, which...

The delocalization of israeli IT companies, according to some of their leaders

The war in Israel has forced some local IT companies to move part of their operations abroad to ensure business continuity. Among the IT specialists targeted by Israeli firms are those from Romania.

Jakub Rochlitz is 20 years old. He is Slovak, but currently lives in Prague, where he studies finance at university, manages online marketing for his family's guesthouse, and continues to expand his knowledge in asset management. He is also studying for the CISI Investment Management exams. In addition to all this, Jakub spends his time managing his eToro portfolio and creating reports for his copiers and his blog. His eToro username is TheDividendFund.

Financial markets - more accessible than ever; What must an investor do to succeed in a constantly changing market

• (Interview with Jakub Rochlitz, Popular Investor on eToro)

Reporter: How long have you been investing?

Jakub Rochlitz: This is my third year managing my own portfolio, but I started learning about investments and doing...

Prime Transaction: Sphera and MedLife - among the best results from the BSE; Electrics and TTS - poor results

• "Normally the results of Sphera in the second semester should be above those of the similar period of the previous year"

• "Even for the second half of the year, things are not expected to improve at Electrica, there is still...

The evolution of Norway's Sovereign Wealth Fund from its inception to the present day

Norway's Sovereign Investment Fund - an economic and financial success

Norway's Sovereign Investment Fund, formally known as the Global Government Pension Fund, is the world's largest sovereign wealth fund, managing $1.7 trillion in assets at the end of August 2024, according to data on the Bank's...

The vice-president of CFA Romania does not believe that such a fund should be under the NBR, although Norway's Sovereign Investment Fund is under the tutelage of the Scandinavian country's central bank.

Adrian Codirlaşu: "Ideal for the establishment of the SIF would be the Proprietatea Fund model"

The Sovereign Investment Fund proposed by the Simion Plan should be established according to the Proprietatea Fund model, claims Adrian Codirlaşu, the vice-president of CFA Romania.

Mircea Coşea told us: "I do not accept that this fund is established on political grounds or that it is subordinated to the Government. I see the Sovereign Investment Fund only under the authority of the NBR, because in the central bank there is the possibility of eliminating political actions and political pressures".

Mircea Coşea: "I see the Sovereign Investment Fund only under the authority of the BNR"

The establishment of a sovereign investment fund is extremely welcome, but such a financial instrument should be established only under the authority of the National Bank of Romania, the only institution capable of eliminating political interests...

Gheorghe Piperea: "The Sovereign Investment Fund is absolutely necessary because any independent nation that wants to preserve its strategic resources and be on its own feet from a financial point of view creates such a fund."

Gheorghe Piperea: "The Sovereign Investment Fund should be subordinate to the Parliament"

The future Sovereign Investment Fund, provided for by the Simion Plan and the AUR program, should be subordinated to the Parliament, lawyer Gheorghe Piperea, MEP from our country, told us.

As in the current Simion Plan, the FSDI proposed by Liviu Dragnea and PSD aimed to manage a portfolio of state companies and capitalize on national resources through a fund similar to the Norwegian model. (Photo source: facebook / Liviu Dragnea)

The Sovereign Investment Fund proposed by Dragnea, failed in implementation

Liviu Dragnea and PSD proposed, in February 2017, the establishment of the Sovereign Development and Investment Fund in 2017, the measure being part of the governing program of the social democrats for the period 2016-2020.

The Sovereign Investment Fund proposed by the Simion Plan, difficult to implement in the current economic conditions

• Simion's plan provides for the establishment of a Sovereign Investment Fund on the model of the one existing in Norway • FSI proposed by Simion will not hold shares in state energy companies, but will be fed with 50% of the dividends granted...

Developments on the diesel market are important because this fuel is a traditional pillar of the world energy market, being used in transport, mining, construction and agriculture.

Diesel demand falls in China

The diesel markets in China and India, responsible for most of the Asian demand profile, are showing signs of slowing down, which could create new problems for crude oil prices, reports Bloomberg.

Andreea Petru, partner, BluePrint Advisors, Laurenţiu Stan, founder and director of Kapital Minds and Paul Şerban, plastic artist.

Kapital Minds study: Two out of three entrepreneurs in our country consider selling the business as the main option for exit

• Laurentiu Stan, founder of Kapital Minds: "Many potential transactions are not realized due to the very different expectations of the seller and the buyer regarding the price"

• "An independent, objective assessment anchored in the...

The government bond issuance system of the Ministry of Finance and the Beijing Stock Exchange was launched in September 2022. (Photo source: www.bse.cn)

Beijing Stock Exchange, three years after its debut: 80% of listed companies are profitable

The Beijing Stock Exchange (BSE), launched in 2021 to support innovative small and medium-sized enterprises (SMEs) in China, turned three years old this week.

The Kremlin is a world champion at manipulation; He systematically mocks the American voter, baits him with fake news and makes him elect Putin's friend for president. What do you think is happening to the Romanian voter? (Illustration: collage by MAKE)

Kremlin Manipulates US Elections; the Russian operation, annihilated by American institutions

• The US Department of Justice has seized 32 Internet domains used by Russia in a massive campaign to influence the 2024 presidential election and other countries, revealing the Kremlin's involvement in disseminating fake news • The Russia...

Prime Transaction: Transelectrica, Digi and Banca Transilvania - among the issuers with good results in the second quarter, from BVB

• "The negative results were concentrated in the area of state issuers"

• "In the coming quarters we can expect even better results from Banca Transilvania"

• "In the coming quarters, Romgaz's results will depend even...

ECA: Europeans - Astra Zeneca and Pfizer guinea pigs in the case of anti-Covid 19 vaccines

The citizens of the member states of the European Union were the guinea pigs of the companies Astra Zeneca and Pfizer regarding the anti-Covid 19 vaccines, with the agreement of the European Medicines Agency (EMA), it appears from the audit...

Record coal consumption, despite the orientation towards green resources

Despite many countries switching from fossil fuels to cleaner ones, global coal consumption will reach an all-time high of 164 Exajoules (EJ) in 2023, according to a Visual Capitalist analysis highlighting coal's role in the energy mix...

Marcel Boloş, the Minister of Finance, declared, in the press briefing that took place after yesterday's meeting: "It is an extremely complex package of measures that concerns the business environment and public spending of the state". (Photo source: facebook / Marcel Bolos)

Tax amnesty - what measures did the Government approve yesterday for bad payers and how will correct taxpayers be rewarded

• 330,000 companies and 848,000 individuals will be able to benefit from the partial tax amnesty, according to the information presented by Marcel Boloş, Minister of Finance • The total value of outstanding principal debts that should be collected...

Dogecoin was an instant success upon launch, gaining popularity on social media platforms and becoming a staple of the crypto space in early 2021 when celebrities such as Elon Musk, Mark Cuban and Snoop Dogg endorsed it, leading to to a sudden increase in its price, an episode which, however, was short-lived, according to the mentioned source.

Meme Coins - Crypto Speculation With Jokes

• Dogecoin, the original meme coin, was created in 2013 as a joke to satirize the effervescence surrounding Bitcoin and other cryptocurrencies, according to crypto.com

Meme coins are cryptocurrencies, such as Bitcoin or Ethereum, dedicated to...

Image of the "Habibi Come to Dubai' community

"Habibi Come to Dubai": A Journey Through the World of Memes and the Crypto Community

The meme token "Habibi Come To Dubai" ($DUBAI) recently peaked at $0.00004266 on the Solana blockchain on August 27, 2024. However, I believe some readers might be confused by this opening sentence, and they have a point...

Prime Minister Ciolacu also said that the dialogue with the leaders of the banking sector will be a regular one, because the interest of the Government and the financial-banking system is a common one: growing businesses, more prosperous companies, which lead to sustainable economic growth, in the long term. (Photo spurce: facebook / Marcel Ciolacu)

Ciolacu appeals to banks to finance public investments

Yesterday, Prime Minister Marcel Ciolacu asked the representatives of the banking system in our country to support public investments, as well as the financing schemes launched by the Government to support the private sector, according to a post...

Parviz Shahbazov (left), Minister of Energy from Azerbaijan discusses the project with his Romanian counterpart Sebastian Burduja (right)

Sebastian Burduja: "Diversification of energy supply through the Green Corridor will lead to cheaper energy"

The diversification of energy supply through the Green Corridor will lead to a cheaper price of energy in our country and in the region, stated Sebastian Burduja, the Minister of Energy, yesterday, during the press conference held at the end of...

According to the updated Business Plan, the capital paid by CCP.RO shareholders to date is 19.7 million euros.

BVB will participate with a maximum of three million euros in the capital increase of CCP.RO Bucharest

• The operationalization of the Central Counterparty project still needs another five million euros, of which two million must come from the other CCP shareholders

• In April, Euronext Clearing announced its intention to terminate the contract...

The view of President Recep Tayyip Erdogan's administration is that the geopolitical center of gravity is shifting away from developed economies, according to Bloomberg sources, who note that the country's new diplomatic push reflects its aspirations to cultivate ties with all parties in a multipolar world, while fulfills obligations as a key member of the North Atlantic Treaty Organization (NATO). (Photo source: facebook / Recep Tayyip Erdogan)

Rejected for decades by the European Union, Turkey opts for BRICS; will it stay in NATO?

Turkey has formally applied to join the BRICS group of emerging nations, seeking to strengthen its global influence and forge new ties beyond its traditional Western allies, according to sources cited by Bloomberg.

Mr. Cazacu told us: "This is Turkey: it has no qualms about allying with whoever it wants. Those who rule Turkey are only interested in the welfare and prosperity of their own citizens and therefore have no qualms about making certain decisions".

Aurel Cazacu: "Turkey needs cooperation in the Asian area and that's why it joins BRICS"

The decision of the authorities in Ankara to officially request Turkey's accession to BRICS is motivated by the need for this state's cooperation with other countries in Asia, claims military expert Aurel Cazacu.

The former presidential advisor Iulian Chifu believes that Turkey's decision to apply for BRICS membership is a result of this state's ambition to become one of the top ten economies in the world and to have multilateral relations with Russia, China and the other member countries of the international organization.

Iulian Chifu: "Turkey has found some advantages in the BRICS region that it cannot obtain in relation to the European Union"

Turkey's accession to BRICS is strictly the option of the authorities in Ankara, and contesting this decision by Romanian politicians would contravene the strategic and commercial interests of our country, political expert Iulian Chifu,...

Nicu Fălcoi told us: "BRICS is not a military alliance, but an economic one. It is not exactly right that Turkey - as a NATO member state - has applied to become a BRICS member, but at the same time it is not an end of the country. I am sure that there will be discussions on this topic with all major NATO partners and that at the moment the allies are reserved in commenting on the request that the Ankara regime has made regarding the BRICS membership".

Nicu Fălcoi: "It is not right that Turkey - NATO member state - requested to become a member of BRICS"

It is not right that Turkey, which is a member state of NATO, requested to become a member of BRICS, even though the last organization is not a military one, but only an economic one, said deputy Nicu Fălcoi (USR), vice-president of the...

Mircea Geoană resigned from NATO

Mircea Geoană resigned, yesterday, from the position of Deputy Secretary General of NATO, after having previously informed Jens Stoltenberg, the Secretary General of the military alliance, about this gesture.

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