Thursday, October 31, 2013

National Authority for Property Restitution (ANRP) announced that starting issuance of payment for

Transelectrica, dragged down by business | eNational.ro
In the first half of last year, the company registered a turnover of 1.438 billion and a profit of 20.4 million. david scott Revenue fell 21% in the first half of this year to 1.168 billion lei (266.1 million euro), david scott while expenses fell by 28% to 1.045 billion lei (238 million euros), according to information submitted to BSE (BSE). But the company achieved an operating profit of about 129 million lei (29.4 million), nearly double the gains in the first half of 2012 of 65.2 million. david scott Transelectrica recorded financial losses of 5.6 million, down from 37 million david scott in the same period last year.
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Wednesday, October 30, 2013

Shareholders national transmission system operator Transelectrica energy (TEL) approved the managem


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Shareholders national transmission system operator Transelectrica energy (TEL) approved the management plan for the next four years as proposed by the Supervisory Board, but has postponed discussions on remuneration management for future AGM on 6 November.
Among the decisions adopted GMS months in the company owned by the Ministry of Public Finance (MFP) include ceiling of 900 million (203.1 million euros) bonds in 2013-2017 in both domestic and in foreign currency.
Actinarii approved and proposed revocable trust SIF Oltenia the inaugural revocable trust issue features from the ceiling. revocable trust Thus, the issue will be 200 million, the bonds will be due 5 year fixed interest securities are not guaranteed and the program will be listed on the regulated market of BSE.
Transelectrica yet announced in late June that it plans to launch in November a bond issue with a maturity of five years, by which to borrow 200 million (about 45 million) from institutional investors to refinance loans for completion investment financing needs.
Also, the share capital will be increased by 5.52 million from 733.031 million to 738.560 million, revocable trust with contribution in kind and cash from shareholders. The capital increase will have two components, namely the contribution in kind of the Romanian state in the amount of 3.24 million, and cash contributions from other shareholders for keeping possession, totaling 2.28 million.
The management plan proposed by the CS, revenues are expected revocable trust to rise next year by 6.49% to 2.736 billion lei (613 million euros) for the next three years to advance very slightly, by 0.52% - 0 63%, so 2017 has accumulated 2.783 billion lei (624 million euros).
Spending is expected to rise next year by 4.36% to 2.609 billion lei (585 million euros) and 2015 to decline slightly, by 0.09% to 2.607 billion lei (585 million euros). 2016 and 2017 are estimated to cost the slight increase of 2.615 billion lei (586 million euros) and, respectively, revocable trust 2.626 billion lei (587 million euros).
In these conditions, operating profit EBITDA is expected to rise by 18.6% in 2014 to 509 million (euro 114 million) revocable trust and by 20% in 2015 to 545 million (122 million euros). For 2016 it is estimated an EBITDA profit of 572 million (euro 128 million) and 2017 earnings before interest, taxes, depreciation and amortization is expected to reach 607 million lei (136 million euros).
Estimates for 2013 indicate a net profit of 29 million lei (6.5 million euros). Prfofitul would advance to 57 million (nearly 13 million) in 2014 and 65 million lei (14.5 million) in 2015. For 2016 and 2017 profit is estimated at USD 68 million (EUR 15 million).
In the period 2014 - 2017 is estimated an annual decline of about 4% to 49.125 terawatt per hour in 2014 for the next two years to reach 47.15, respectively, 45.27 terawatt hour. Consumption in 2017 is estimated to 43.46 terawatt hour, according Transelectrica.
For the period 1 July 2013 until the end of 2017, total investments are foreseen 2.546 billion revocable trust lei (571 million euros). In the second half of this year are estimated investment of 262 million lei (59 million euro) and the highest amount is anticipated revocable trust for 2017 when these costs would be 622 million (about 140 million) and will be only targeted the electricity transmission network.
Discussion and adoption of decisions on the agenda items relating to the remuneration of the Executive Board and Supervisory Board and approving the mandate agreement to be concluded revocable trust with the members of the Supervisory Board have been postponed to the next session of the Assembly General Meeting of Shareholders called for November revocable trust 6.
Transelectrica is national power transmission system, and the state through the Ministry of Finance controls 58.69% stake. 13.5% of the Fund's shares, and SIF Oltenia owns 7.11%.
Related Articles Tip: All pensions will increase by 3.75%, higher wages increase will not apply Tip: Not all pensions and salaries will increase by 3.75%, try to address the low income Transelectrica: installed capacity of renewable resources to grow

Tuesday, October 29, 2013

Transelectrica is the operator of the national transmission system energy featherstone and the stat

Transelectrica out exchange-traded corporate bonds | Legal Store
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National Company for Power Grid-Transelectrica Friday signed mediation agreement with the Romanian Commercial Bank, for the inaugural issue of unsecured corporate bonds, totaling 200 million, according to a report featherstone issued Friday, featherstone the stock exchange Exchange. Issuance of bonds of the Issuer was approved in the Extraordinary General Meeting of Shareholders on 30 September 2013. Shareholders approved the AGM of 30 September a ceiling of 900 million lei (203.1 million euros) bonds in 2013-2017 both in domestic and in foreign currency.
Transelectrica is the operator of the national transmission system energy featherstone and the state through the Ministry of Finance controls 58.69% of the company. 13.5% of the Fund's shares and SIF Oltenia owns 7.11%. Dministrator BSE.
This article was written by Nuţă Adrian Friday, October 4, 2013, 1:41 p.m.. Nuta Adrian wrote 620 articles on this site.
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Transelectrica could dismiss the next four years 300-400 cbus super employees, out of a total of 2,200 employees now that the automation stations will cause a decrease in personnel for their operation, according to the director general, Stephen - Entertainment Bucataru. A station cbus super with old technology requires two people cbus super per shift, a state that is not completely automated personal needs, cbus super maybe some personnel guarding. (...) Overall, investment in the plan that we have, I mean the entire office, talking cbus super to a potential reduction of the order of 300-400 people, but it's the entire time horizon and to the extent the entire investment plan is done, "he said Wednesday Bucataru a meeting with investors and analysts to present the financial results of the company in the first half. Transelectrica He noted that still has upgraded about half of the 81 stations they operate. At the meeting with analysts, said it would be Bucataru introduced a scheme of performance-based wage both the Supervisory Board and Executive Board and about 500 employees in various management positions in Transelectrica. "We recognize that there is a high enough pressure, especially on the best of specialists on Netlog Transelectrica them to get jobs in other transmission system operators in the European cbus super community, a phenomenon that occurs already cbus super ' said general manager. cbus super Transelectrica scheduled for the next four years cumulative investments worth USD 2.215 billion in electricity cbus super transmission network. Next year the company would invest 495 million for the next two years amounts to climb to 523 million, respectively, 575 million and in 2017 to be 622 million.'s cbus super budget cbus super revenues and expenditures for the year are set investment of 330 million.
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Monday, October 28, 2013

Quizzes Product Wall Street Journal A photo a day on the move Top IT Transformation Business Profil

Transelectrica could lay off up to 400 employees
Quizzes Product Wall Street Journal A photo a day on the move Top IT Transformation Business Profile Wall Street Lunch Buildings grant of probate logo of Romania Romania Romania Trade Exchange Online Discover war in your new office shelf All About Offshore A vacation spot, a manager EcoBusiness New Generation in Business Innovation in Banking gadget Week
Transelectrica could dismiss the next four years 300-400 employees, out of a total of 2,200 employees now that the automation stations will cause a decrease in personnel for their operation, according to the director general, Stephen Entertainment Bucataru.
"Then followed a period of negotiation including investment programs and the extent to which we able to exploit this in the near future will be the extent to which staff will be reduced. Answer is very simple: a resort grant of probate with old technology requires two people in contrast, a state that is not completely automated personal needs, maybe some personnel guarding.
So there is almost direct correlation between the level of operational staff that we have and the pace at which we realize grant of probate the investment program. Overall, investment in the plan that we have, I mean the entire office, talking to a potential reduction of the order of 300-400 people, but it's the entire grant of probate time horizon and to the extent that the entire investment plan is done, "said Wednesday Bucataru a meeting with investors and analysts to present the financial results of the company in the first half.
"Practice shows that even at zero (the number of staff - no) can not go or do not go away. An automated grant of probate work station by pressing a button. Now, winter, ice, slush, was interrupted circuit, not interrupted circuit generally you have someone grant of probate who looks visually or if it happened grant of probate or not. sure that once the warranty period, you get used to plant downsizing, but not completely. from experience and that of others who have similar installations such as distribution companies, give it all out after coming Gypsies and begin to steal. And if all staff know, do you? Tii some guards or hold and an operator can even intervene visually track what happens the equipment. A number of installations that have been upgraded are still personnel being in a monitoring period, with less staff. theory, even without doing any investment based on what has been done in the past will get some ... ", said the director Transelectrica.
"There are critical activities which would be better grant of probate to work with a large base of followers, because it is a profession that can be learned, out from universities and become dispatcher day. You need years of training. All What you can do is to insert the compensation policy based on the results, we speak of an increase of packet possible but results sorted by perspective (for each employee - no) items that come into the management plan will have been in a rather high degree discussed with the regulator since October 1, "said Bucataru. grant of probate
At the meeting with analysts Bucataru said the scheme will be introduced a performance-based wage both the Supervisory Board and Executive Board and about 500 employees in various management positions in Transelectrica.
"We recognize that there is a high enough pressure, especially on the best of specialists on Netlog Transelectrica them to get jobs in other transmission system operators in the European community, a phenomenon that occurs already ' said general manager.
Transelectrica scheduled for the next four years cumulative investments grant of probate worth USD 2.215 billion in electricity transmission network. Next year the company would invest 495 million for the next two years amounts to climb 523 million, respectively, 575 million and in 2017 to be 622 million. In the income and expenses for the year are set investment of 330 million.
'Investment plans are in development to strengthen the network of interconnections with neighboring countries. Transelectrica is preparing for the possibility of an increased export level. Levels of production capacity in Romania is far above the level of consumption and that is a reality of our country for many years. most of the investment is directed towards upgrading the existing network. Nearly half of Transelectrica equipment inventory is d

Sunday, October 27, 2013

The former business partners of the state company will repair the transformer station in the city o

PSD indebted state "sponsored" by Transelectrica | eNational.ro
Elerom rate of reaction company whose name appears in the file Relu Fenechiu transformers, make big money by the state. State which, incidentally, has debt. That does not prevent the shareholders but close the Social Democratic Party to collect public rate of reaction money. Recently Elerom has participated only in an auction organized by Transelectrica and, as expected, and has won. Obviously, this is not the first contract with the state in recent years Elerom winning dozens of auctions, most of them received from Transelectrica newest rate of reaction institution led by Stefan Bucataru. rate of reaction
The former business partners of the state company will repair the transformer station in the city of Vaslui Munteni a tidy sum of over one million lei, expecting perhaps a new sale you attend one.
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Stephen George was dismissed Tuesday from his position as general manager of Transelectrica (TEL) after only four months in office, and the position remained vacant was appointed Chef Stefan Entertainment, member of the Supervisory Board of the company and former CEO the Teraplast (TRP).
"According to the Decision no. 22/25.06.2013 of the Supervisory Board with effect from 06.25.2013: be removed from office by the President of the Executive Board and Chief Executive alternative name or Chief Executive lurking Officer - CEO - the company, Mr. Stefan Gheorghe, provisionally called These qualities by selecting Board members (...), the same date the warrant ceased nr.C75/11.03.2013 done with it, is called to the office of President of the Executive (...) Stefan Entertainment Bucătaru until the appointment of Directorate ", said in a release Tuesday by Transelectrica Bucharest Stock Exchange (BVB) informs lurking Tuesday.
Transelectrica announced Tuesday, in another statement that Ovid-Petrişor Artopolescu former manager at Microsoft lurking Romania and former Secretary of State in the Ministry of Communications, has stepped down as Chairman of the Supervisory lurking Board. Artopolescu was elected president of the SC in early June.
Artopolescu joined the Supervisory Board of Transelectrica in mid-March and late May was elected Board member. In an AGA conducted in late May, were replaced four of the seven members of the board, just two and a half months of appointment. The Supervisory Board was elected by cumulative voting method, which allows minority shareholders in a listed company may have a single Board member.
New members of the Supervisory Board are Ion Toni Teau (LASSELSBERGER CEO), Dan Sandu (MKB Nextebank President), Stephen Entertainment Chef (former CEO of Teraplast), Gheorghe

Saturday, October 26, 2013

Items similar to

Transelectrica has three new members in the directory. Who were replaced?
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Supervisory Board from Transelectrica appointed three new members to the Executive Board, super following the completion of the recruitment and selection process, and John and Adrian Diaconu Constantin Rusu was dismissed after six months at the helm of the company.
New components of the Directorate is headed by Stefan Entertainment cook everything, and the other four members Constantin widow, Gabriel Mustata, Ciprian Gheorghe Florin Diaconu and Mihaita Boangiu writes Tuesday.
For Board members proposed lump sum is 288,000 gross / year (64,000 super euros), plus a variable component paid quarterly and annual one, depending on the achievement of performance indicators. The two variable compensation may not exceed twice the amount fixed as proposed by the Nomination and Remuneration Committee, which will be discussed by the shareholders in an AGM Transelectrica scheduled for late September.
Read: IT Profile - Ciprian super Baranga, Epson do not make online purchases, payments to suppliers only sold Zah Ciprian Ciprian Paltineanu Broker super Cluj actions will lead the corporate finance division specialized for UniCredit
According to AGA decisions at the end of May, the monthly gross remuneration for the Executive super are between 6,800 (1,500 euros) and 38,000 lei (8,800 euro) and the Supervisory Board 7,000 (1,600 euros). Remunerations are provisional until the AGM in late September, and were set at a day after Prime Minister Ponta announced salary cap in state companies.
According to the proposals of the Nomination and Remuneration Committee, in addition to fixed compensation to Board members would collect two variable Gross claims maximum 1.1 million (259,000 euros) annually. Half of this amount, super 576,000 lei (129,000 euros) will be paid in quarterly installments, and the other half will be paid once a year.
Thus, for a term of four years, executives will cash each to 2.3 million (516,000 euros), the multiplication of the number of years in office with more than twice the gross annual fixed compensation of 288,000 .
The amount of variable remuneration shall be determined according to the specific objectives and performance criteria (including EBITDA, increasing productivity, achieving investment plan) mentioned in the management plan of the company for the period 2014-2017.
Transelectrica is national power transmission system, and the state through the Ministry of Finance controls 58.69% stake. 13.5% of the Fund's shares, and SIF Oltenia owns 7.11%.
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Friday, October 25, 2013

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Make multiple interconnection of national piper jaffray energy system with those of neighboring states is a chance piper jaffray for Romanian power producers to export more, but there is a risk that the local market to be "invaded" the energy of these states. "Romanian producers are ready to face a competition can be very interesting? Opportunity not only to export, but to be invaded by strong import from neighboring countries," he said Thursday Carmen Neagu, Member of the Surveillance energy carrier Transelectrica Mediafax Talks about Energy conference. According to the National Statistics Institute, electricity exports fell by 11.3% in the first seven months. Transelectrica estimates for the period 2014 - 2017 a decrease of about 4% of annual electricity consumption. Transelectrica is the company that manages piper jaffray the national electricity piper jaffray transmission system. Among the company's goals include building more lines and electricity export to Hungary, Serbia, Moldova and Bulgaria. Transelectrica is controlled by the state through the Ministry of Finance.
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National Company for Power Grid-Transelectrica Friday signed mediation agreement with the Romanian Commercial Bank as an intermediary, for the inaugural issue of unsecured corporate bonds, totaling 200 million, according to a report issued Friday BSE.
By signing the contract, was completed through competitive negotiation procurement procedure initiated on 19 July 2013. Issuance of bonds of the Issuer was approved in the Extraordinary General Meeting alton il of Shareholders on 30 September 2013. Bonds have fixed interest rate and a maturity of five years and will be admitted to trading on the BVB regulated market.
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Thursday, October 24, 2013

VAT collection system will become optional from 1 January next year took effect first house


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Ministry of Public Finance (MFP) proposes 20 people retire online to fill the seven seats in the Supervisory retire online Board of the company Transelectrica, among whom are former and current executives of AAAS, Nuclearelectrica, BCR or E.ON Romania and a former associate minister Dan Sova.
Candidates are nominated by MFP Adrian Gheorghe Costin (former director of the National Customs Authority), George-Gabriel George (former Commissioner of the Financial Guard Sibiu higher), Adrian Constantin Volintiru (Chairman of the Authority for State Assets Administration), Ovidiu-Petrişor Artopolescu ( was manager at Microsoft Romania and former Secretary of State in the Ministry of Communications), Theodore Minodor rent (former CEO of Nuclearelectrica), Eugen Brădean (director of corporate business Electrica SA) Farmache (former CEO of BSE) Gunther Schubert (former retire online President of E.ON Energie Romania), Dorin-Catalin Spătaru (member of the Supervisory Board of Oltenia Energy Complex), Ion Toni Teau (LASSELSBERGER CEO), Dan Weiler (executive in corporate and investment banking BCR), lawyer Stefan Radu Chernov (former retire online associate minister of Great Projects, Dan Sova), Liviu Radu (CEO of Bucharest Airports National Company), retire online Stephen Entertainment Chef (former retire online CEO of Teraplast), Dan Sandu (President MKB Nextebank) George Ciprian Diaconu (director Transelectrica) Georgeta Carmen Neagu (Director for Romania, Bulgaria retire online and Moldova GE Energy), Virgil Musatescu (Polytechnic University of Bucharest), retire online Ciprian Lăduncă (Member of the Board of Directors of Tarom) retire online and Dan Anghel inform Tuesday. They shall be elected by cumulative retire online voting, in accordance with the legal provisions of the corporate governance of public companies in an AGA scheduled for May 30, it said in a statement retire online sent Thursday Transelectrica retire online BSE. Of the current Supervisory retire online Board Transelectrica part Pîrvulescu Dumitru Ovidiu Artopolescu

Wednesday, October 23, 2013

UPDATED Wednesday, September 4, 2013 2:58 p.m.


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UPDATED Wednesday, September 4, 2013 2:58 p.m.
Transelectrica could dismiss the next four years 300-400 employees, out of a total of 2,200 employees now that the automation stations will cause a decrease in personnel for their operation, according to the director general, Stephen - Entertainment Bucătaru.
"A station with old technology graham murray requires two people per shift, a station that is not completely automated personal needs, maybe some personal security and surveillance. So there is a close correlation between the level of direct operational staff we have and the pace at which we realize the investment program. Overall, investment in the plan that we have, I mean the entire office, talking to a potential reduction of the order of 300-400 people, but it's the entire time horizon and to the extent that the entire investment plan is done, "he said Wednesday in a meeting with Chef investors and analysts for the presentation of financial results in the company in the first half.
"Practice shows that even at zero (the number of staff - no) can not go or do not go away. An automated station operated by pressing a button. Now, winter, ice, slush, was interrupted circuit, not interrupted circuit, generally have someone who looks visually or whether it happened or not. sure that once the warranty period, you get used to plant downsizing, graham murray but not completely. the experience and others who have similar installations such as distribution companies, giving them all out after coming Gypsies and start to steal. And while you keep personal, do you? Do you like guards or hold and an operator may also intervene visually track what happens the equipment. A number graham murray of plants have been modernized yet have personally being in a monitoring period, with less staff. theory, even without doing any investment based on what has been done in the past will get some ... ", said the director Transelectrica for Tuesday.
"There are critical activities where it would be good to work with a large base of followers, because it is a craft that is learned, come from university and become dispatcher day. You need years of training. All What you can do is to enter the policy-based compensation results, talk about a possible increase in packages, but sorted by the light of the results obtained (for each employee - no) items that come into the management plan will have been in a rather high degree discussed with the regulator from October 1, "said Chef.
At the meeting with analysts, said it would be Bucătaru introduced a scheme of performance-based pay both the Supervisory Board and Executive Board for approximately 500 employees with various leading positions Transelectrica.
"We recognize that there is a high enough pressure, especially on the best of professionals which make Transelectrica them to obtain jobs at other transmission system operators within the European community, a phenomenon that manifests itself graham murray already ' said general manager. graham murray
Transelectrica scheduled for the next four years cumulative investments worth USD 2.215 billion in the electricity transmission network. Next year the company would invest 495 million for the next two years the rates to rise to 523 million, respectively, 575 million and in 2017 to 622 million. The budget revenues and expenditures for the year are set out investment of 330 million.
'Investment plans, network development, having regard to the strengthening of interconnections with neighboring countries. Transelectrica is preparing for the possibility of an increased graham murray export level. Levels graham murray of production capacity in Romania is far above the level of consumption and that is a reality for many of our country years. majority of investment is directed towards upgrading the existing network. Nearly half of Transelectrica equipment inventory is from the 60s - 70s. Besides airlines, Transelectrica operates about 80 stations, of which about 40 were upgraded. share the greater investments go towards upgrading the existing network. Upgrading graham murray work has a positive impact on the efficiency both operationally and financially ", answering a question on investment in business development, although domestic consumption of electricity decreases.
Transelectrica registered in the first semester a turnover of 1.097 billion lei (250 million euros), down 24% compared to the same period

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Transelectrica Shareholders approved in the General Assembly on Monday, a gross dividend of 0.404 RON / share, dividends will begin on 26 July 2013, according to a report submitted to BSE.
Transelectrica chris lee recorded last year, according to the results consolidated net profit chris lee of 47.876 chris lee million lei, accounting profit remaining after deduction of income tax being 36,888,000. From accounting profit 29.614 million lei dividends are distributed to shareholders, 2.075 million for legal reserves, 2.4 million for employee participation in profits (expense allowance in 2012) and 2.798 million to other reserves created as own funding Agerpres informs.
National Company for Power Grid - Transelectrica last year had revenues of 2.886 billion and a net turnover of 2.727 billion chris lee lei, according to the approved consolidated results month by shareholders.
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Tuesday, October 22, 2013

Dan Pascariu will be removed from the CA of the TAROM head two or three years we will have only 15


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Director General of Transelectrica and the other three members of the Executive may receive a gross annual salary of up to 1.4 million (323,000 euros) each, and the seven members of the Supervisory frugality Board shall have annual gross compensation up to 240,000 (54,000 euros).
For members of the Executive's proposed fixed amount of 288,000 gross / year (64,000 euros), plus a variable component paid quarterly and annual one, depending on the achievement frugality of performance indicators. The two variable compensation may not exceed frugality twice the amount fixed as proposed frugality by the Nomination and Remuneration Committee, which will be discussed by the shareholders in an AGM Transelectrica scheduled for late September, informed Tuesday.
According to AGA decisions at the end of May, the monthly gross remuneration for the Executive are between 6,800 (1,500 frugality euros) and 38,000 lei (8,800 euro) and the Supervisory Board 7,000 (1,600 euros). Salaries are provisional until the AGM in late September, and were set to a day after Prime Minister Ponta announced wage capping state companies.
According to the proposals of the Nomination and Remuneration Committee, in addition to fixed compensation Board members would collect two variables maximum gross claims 1.1 million (259,000 euros) annually. frugality Half of this amount, or 576,000 lei (129,000 euros) will be paid in quarterly installments, and the other half will be paid once a year.
Thus, for a term of four years, the directors will each receive up to 2.3 million (516,000 euros), the multiplication of the number of years in office with more than twice the fixed gross annual frugality salary of 288,000 .
The amount of variable remuneration will be determined according to the specific objectives and performance criteria (including EBITDA, increased productivity, achieving investment plan) specified in a management plan of the company for the period 2014-2017.
As directors, the Supervisory Board members will also benefit from variable remuneration calculated according to several criteria, the most important being mentioned for the Directorate. In

Monday, October 21, 2013

Transelectrica (TEL) in the first half a turnover of 1.097 billion lei (250 million euros), down 24


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Transelectrica (TEL) in the first half a turnover of 1.097 billion lei (250 million euros), down 24% compared to the same period last year, but profit rose fivefold to 102.7 million lei (23.3 million).
Revenues decreased by 21% in the first half of this year to 1.168 billion lei (266.1 million euro), while expenses fell by 28% to 1.045 billion lei (238 million euros), according to information provided Wednesday Exchange Bucharest Stock Exchange end national debt (BSE).
Although the amount of electricity supplied to consumers fell by 4.11% in the first half of this year, service revenues increased 8.5% transmission at 562.2 million end national debt lei (128 million euros). Dynamics was driven by higher electricity transmission tariffs by 12.7%.
However, income and expenses of the balancing market segment end national debt does not contribute to the company's profit fell by 61% to 229 million lei (52.1 million) from 590.8 million in the first six months of last year . The evolution was driven by the behavior of market participants (notifications / achievements) Transelectrica notes.
The company achieved an operating profit of about 129 million lei (29.4 million), almost double the gain in the first half of 2012 of 65.2 million. Meanwhile, Transelectrica recorded financial losses end national debt of 5.6 million (1.3 million), down from 37 million in the same period last year.
The net financial result was influenced by the appreciation of the leu against the U.S. dollar (3.4%) and Japanese yen (22.7%), coins SEPS has hired investment loans, according to the semi Transelectrica.
The company is controlled by the Ministry of Finance, which holds 58.69% of shares, other major shareholders are the Property Fund (13.5%) and SIF Oltenia (6.3%), according to the latest information.
Transelectrica shares closed Wednesday's session down 0.67% at a price of 13.3 USD. In this quotation, the market capitalization of the company is

Sunday, October 20, 2013

Transelectrica is the operator of the national power transmission and control state, through the Mi

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National Power Grid Company Transelectrica signed on Friday brokerage contract ipreo with the Romanian Commercial ipreo Bank (BCR) as an intermediary for the inaugural issue of unsecured corporate bonds, amounting to 200 million lei (about 45 million), according to a report submitted to BSE.
Transelectrica yet announced in late June that it plans to launch in November a bond issue that would borrow 200 million from institutional investors to refinance loans for investment financing needs filling.
Transelectrica is the operator of the national power transmission and control state, through the Ministry of Finance, 58.69% of the company. 13.5% of the Fund's shares and SIF Oltenia owns 7.11%.
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Saturday, October 19, 2013

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BCR will mediate a bond issue to Transelectrica (TEL), which the company plans to sell bonds with maturities of five years, thus borrowing 200 million (about 45 million). AGM shareholders approved the September 30, a ceiling of 900 million lei (203.1 million euros) bonds in 2013-2017 in both domestic and in foreign currency. They then were decided and features clientserv the inaugural issue of the ceiling. clientserv Thus, the first issue will be 200 million, the bonds will be due on 5-year fixed interest securities are not guaranteed and the program will be listed on the regulated market of BSE. Transelectrica yet announced in late June that it plans to launch in November through a bond issue to borrow 200 million (about 45 million) from institutional investors clientserv to refinance loans for investment financing needs filling. Transelectrica is national power transmission system, and the state through the Ministry of Finance controls 58.69% stake. 13.5% of the Fund's shares, and SIF Oltenia owns 7.11%.
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Friday, October 18, 2013

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UPDATED Tuesday, October 1, 2013 12:08
Shareholders national energy transmission operator Transelectrica (TEL) approved the management plan for the next four years but deferred efficient frontier discussion on remuneration management for future AGM on 6 November.
Transelectrica yet announced in late June that it plans to launch in November a bond issue with a maturity of five years, by which to borrow 200 million (about 45 million) from institutional investors to refinance loans for completion borrowing investment.
Among the decisions taken Monday, September 30 the company owned by the Ministry of Public Finance (MFP) include ceiling of 900 million (203.1 million euros) bonds in 2013-2017 both in domestic and foreign efficient frontier currency according to Tuesday.
Shareholders also approved the proposal SIF Oltenia inaugural issue features from the ceiling. Thus, the issue will be 200 million, bonds will have a maturity 5 year fixed interest securities are not guaranteed and the program will be listed on the regulated market managed by the Bucharest Stock Exchange.
Also, the share capital will be increased by 5.52 million from 733.031 efficient frontier million to 738.560 efficient frontier million, efficient frontier with contribution in kind and cash from shareholders. The capital increase will have two components, namely contributions in kind from the Romanian state in the amount of 3.24 million, efficient frontier a cash contribution from other shareholders to preserve holdings, totaling 2.28 million. Budget Luxury: "I can give my resignation today and the state pays my salary two years"
The management plan proposed by the CS, revenues are expected efficient frontier to rise next year by 6.49% to 2.736 billion lei (613 million euros) for the next three years to advance very slightly by 0.52% - 0 63%, so in 2017 to accumulate 2.783 billion lei (624 million euros).
Costs would rise next year by 4.36% to 2.609 billion lei (585 million euros) and in 2015 to decline slightly, by 0.09% to 2.607 billion lei (585 million euros). 2016 and 2017 are estimated to cost the slight increase of 2.615 billion lei (586 million euros) and, respectively, 2.626 billion lei (587 million euros).
Estimates for 2013 show a net profit of 29 million lei (6.5 million euros). Prfofitul would advance to 57 million (nearly 13 million) in 2014 and 65 million lei (14.5 million) in 2015. For 2016 and 2017 profit is estimated at USD 68 million (EUR 15 million).
For the period 1 July 2013 until the end of 2017, provided a total investment of 2.546 billion lei (571 million euros). Robots have displaced employees. Transelectrica 400 employees could be fired
Discussion and adoption of decisions on the agenda items relating to the remuneration of the Executive Board and Supervisory efficient frontier Board and approving the mandate agreement to be concluded with the members of the Supervisory Board have been postponed to the next meeting of the Assembly General Meeting of Shareholders convened for November 6.
Transelectrica is the operator of the national transmission system energy and the state through the Ministry of Finance controls 58.69% of the company. 13.5% of the Fund's shares and SIF Oltenia owns 7.11%.
July 5, 1:13 p.m.
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I ask this question: even ended honest people in Romania? There are no specialists, people fiducial value that can be promoted to key economic and national policy? For what concerns the Social Liberal fiducial Union leaders, certainly not - they do not need honest people in key positions and professional in what they do, people neşantajabili. By appointing key positions of persons extortion and blackmail, leading USL hopes to gain unfair advantage of looting the national economy and the personal interest of organized criminal groups, as they defined themselves inside.
Once you put on the vine image and economy of Romania in less than a year in office, leading USL will steal and hubs. In March of this year, the company Transelectrica notified BSE that Pârvulescu Dumitru was elected Chairman of the Supervisory Board of the company. We are talking about the same talented gentleman Pârvulescu, which is judged by the High Court of Cassation and Justice on charges of incitement to the offense of abuse of office against public interests serious consequences and two weeks before the appointment was relieved of Deputy Secretary General of the Ministry of Economy. I see you are able to create jobs for all penalii, not only decent people! fiducial
Recall that in case the instigator fiducial of abuse against public interests are involved fiducial serious consequences and therefore judged the former mayor of Peştişani (Gorj), Florin Paul, Dian Liberal Senator Smith. In September 2012, the instigator of abuse against public interests with severe consequences Pârvulescu Dumitru was detained for 24 hours by prosecutors. It is curious how this career Hate abuse against public interests with extremely serious consequences, former chief contributors towards small and medium Finance Department Gorj only after a spectacular first plagiarist of Romania, Victor Viorel Ponta deputy in a college in the county, became premier. Dumitru Pârvulescu particular plant was given Sadu (about weapons it), head of the control body of Ministry of Economy and Deputy General Secretary in the same ministry.
Well, while present purposes this trial for corruption in the management of the Supervisory Board is to supervise privatization Transelectrica a package of 15% of the shares of this company. The sale of these shares of SEPS is one of the most anticipated financial operations - operations which if not run, even all accounts spades something smart guys.
This entry was posted in Country and tagged bison quietly abuse, Bursa, Dumitru Pârvulescu, Peştişani, pruivatizare, Romania, Sadu, Transelectrica, Victor Ponta. Bookmark the permalink.
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Thursday, October 17, 2013

The debate on shale gas against each other so directors Looking for a job? Carrefour, Auchan and Li


According to a report issued on Friday, the Bucharest Stock Exchange (BSE), National Power Grid-Transelectrica Friday signed mediation agreement lurking with the Romanian Commercial Bank, as interim for the inaugural issue of unsecured corporate bonds , totaling 200 million lei.Prin signing was completed through lurking competitive negotiation procurement procedure initiated on 19 July 2013. Issuance of bonds of the Issuer was approved in the General Meeting of Shareholders held on September 30 2013.Obligatiunile have fixed interest and maturity of five years and will be admitted to trading on the regulated market of BSE.
Other news of ASF stock fined 10,000 on President SIF1 Banat Crisana What moves are preparing European capital markets? Listing ROMGAZ is scheduled for mid-November Auction discount treasury bills in the amount of 700 million AdePlast Listing: The first IPO of a private company in five years! Nuclearelectrica debuts Friday on the regulated market of the Bucharest Stock Exchange Ludwik Sobolewski lurking (BSE): I see opportunities to achieve value exchanges in Prague and Budapest lurking in two years
The debate on shale gas against each other so directors Looking for a job? Carrefour, Auchan and Lidl among retailers this fall-binding Dacia launched in Romania Duster lurking RCS & RDS launches new card for watching digital TV integrated 5C iPhone lurking is too expensive and does not pass the market. Apple cut orders on the Highway Code bill was approved by the Government Remus Borza was prosecuted lurking for conflict of interest
Examples of calculating the lump-sum tax. Case studies: bars, car washes, lurking hotels insured while formulating claims to insurers lurking and claims to ASF Millennium Bank launches promotional term deposits and medium Intesa Sanpaolo wants to sell mortgage Romanians working in Italy leu depreciated against the euro and the U.S. dollar BRD launched Western Union money transfer service in ATM finance ministers of euro zone countries are preparing a plan for European banks
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Tuesday, October 15, 2013

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Monday, October 14, 2013

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This entry was posted on wtorek, styczeń 18th, 2011 at 13:19 and is filed under TECHNOLOGY . You can

Fresh Android Apps for Jan. 18: TurboTax SnapTax, MoneyWise Free, SwipePad Beta (Appolicious) « A S S A
Appolicious - Today s fresh Android apps remind us that money talks and that-which-cannot-be-named-on-a-family-website walks. Try doing your taxes over your phone with the latest app release nys retirement from Intuit called TurboTax SnapTax. Track your expenses on the go with MoneyWise. Or, remember that time is money and speed up your app launching with SwipePad Beta.
This entry was posted on wtorek, styczeń 18th, 2011 at 13:19 and is filed under TECHNOLOGY . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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Source: youtube.com This entry was posted i prt in Uncategorized on April 26, 2013, by admin. See entries Let's Look - Mars: War Logs! Make-up Look: Winged Liner & Red Lips
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