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Ziarul Financiar Ziarul Financiar CE |NSEAMN~ CEL MAI MARE |N BUSINESS Goana dup` cel mai mare hotel, cea mai scump` ma[in`, cea mai mare cre[tere. Afla]i \n BUSINESS Magazin ce \nseamn` s` ]inte[ti mereu locul I. Revista BUSINESS Magazin apare la chio[curi \n fiecare miercuri [i cost` 3,5 lei Ziarul Financiar EDITAT DE PUBLIMEDIA ANUL IX / NR. 2245 24 PAGINI MAR}I, 16 OCTOMBRIE 2007 PRE}: 2,50 LEI WWW.ZF.RO 200 de „list`ri“ Is`rescu cere Guvernului pe RASDAQ de la s` nu mai arunce cu bani \nceputul anului ADRIAN COJOCAR Guvernatorul BNR afirm` c` politica fiscal` este de acum pårghia |N ULTIMUL an, investitorii pe Burs` au descoperit peste principal` de reducere a infla]iei, altfel sunt riscuri pentru economie. 200 de companii listate pe RASDAQ, care datorit` cre[terii lichidit`]ii au intrat sub inciden]a normelor de tranzac]ionare ale Comisiei Na]ionale a Valorilor Mobiliare (CNVM). ZF Pe scurt |n lipsa unor noi list`ri [i \n condi]iile unor alternative de investi]ii limitate pe care le ofer` pia]a reglementat`, inves- titorii [i-au \ndreptat aten]ia spre pia]a RASDAQ, sco]ånd EVENIMENT Mugur Is`rescu din anonimat o parte din companiile de pe aceast` pia]`. Generalizarea practicii guvernatorul BNR Promovarea acestor companii este la fel de important` ca o Investitorii str`ini [i romåni ar ofertelor promo]ionale la credite listare propriu-zis`, multe dintre vedetele de pe RASDAQ putea beneficia de facilit`]i precum cu dobånzi foarte mici \ncepe s` se fiind mai tranzac]ionate decåt Transelectrica [i Alumil, bonifica]ii de dobånd` la unele credite, vad` [i \n statisticile BNR. Pagina 7 Sub nicio form` politica fiscal` nu singurele dou` companii listate \n ultimul an pe Burs`. de pån` la 2.000 de euro. Pagina 2 La \nceputul acestei luni, mai mult de 400 de companii COMPANII trebuie s` se mai relaxeze la sfår[itul listate pe pia]a nereglementat` \ndeplindeau condi]iile Pre[edintele Traian B`sescu va impuse de CNVM pentru ca ac]iunilor acestora s` li se aplice avea anul viitor un salariu de baz` Dezvoltatorul britanic Westhill acestui an [i \n 2008. Am aici acceptul limita de varia]ie zilnic`, respectiv s` se tranzac]ioneze cel lunar de 2.725 de euro, cu 33% mai va dezvolta la Ploie[ti cel mai mare primului-ministru [i al ministrului pu]in o dat` pe s`pt`mån` \n ultimele trei luni, iar \n ultimul mare decåt \n acest an. Pagina 3 proiect comercial, \ntins pe o suprafa]` an s` se fi transferat \n pia]` peste 1% din capitalul social. de 10 hectare. Pagina 8 finan]elor. (...) A ne baza \n continuare Num`rul acestora este dublu fa]` de cel de la jum`tatea Firma Ozone Residences va anului trecut. construi la T`rt`[e[ti un ansamblu Compania de transport de dezinfla]ia pe dobånzi [i curs Pe de alt` parte, num`rul companiilor listate pe reziden]ial care va include 73 de marf` Dumagas Transport, cu afaceri \nseamn` c` \n loc de a ne preg`ti RASDAQ a sc`zut de la circa 3.600 la \nceputul anului trecut locuin]e individuale. Pagina 2 estimate de 40 de milioane de euro \n la 2.200 \n prezent, dup` ce Bursa a f`cut „cur`]enie“ printre acest an, [i-a extins \n ultimul an treptat de soft lending (ajustare lent`, societ`]ile care nu \nde- Companiile private [i domeniul de activitate. Pagina 10 plineau criteriile de listare. administra]ia local` [i central` au n. red.) vom preg`ti hard lending. |n prezent jum`tate sunt Multe dintre ac]iunile cheltuit anul trecut 8 miliarde de lei General Electric ar putea fi suspendate de la tranzac]io- (circa 2,4 mld. euro) pentru protec]ia furnizorul de turbine pentru centrala pe nare, iar circa 700 se tran- care ast`zi sunt tran- mediului. Pagina 3 gaze de 800 MW pe care o va construi zac]ioneaz` foarte rar. Petrom pån` \n 2010. Pagina 10 Multe dintre ac]iunile zac]ionate zilnic pe BURSE - FONDURI MUTUALE care ast`zi sunt tranzac- pia]` nu se reg`seau Reprezentan]ii Soufflet ]ionate zilnic pe pia]` nu se Peste 20 de companii de pe pia]a Romånia vor \nchide anul viitor cele reg`seau anul trecut pe lista anul trecut pe lista RASDAQ ar \ndeplini cu brio condi]iile dou` fabrici de mal] de]inute \n prezent publicat` de Burs`. Un de lichiditate de pe pia]a reglementat` de companie \n Buz`u [i Pite[ti. exemplu \n acest sens este publicat` de Burs`. a Bursei de Valori Bucure[ti. Pagina 5 Pagina 15 compania din domeniul FOTO: Mediafax serviciilor de petrol [i gaze LIVIU CHIRU corelare a cre[terii salariilor cu cå[tigurile de (public` [i privat`) a ajuns la 43,6 mld. euro Prospec]iuni Bucure[ti (PRSN), care \n prezent este cea mai productivitate, suprapus` cu o \nt`rire a la jum`tatea anului, de la 21,5 mld. euro, la mare companie listat` pe pia]a RASDAQ, cu o valoare de Pensia privat`, un magnet NR cere insistent sprijin \n politicii fiscale. sfår[itul lui 2004. „Datoria extern` pe termen pia]` de circa 395 mil. euro. lupta cu infla]ia, \n special din |n ultimii doi ani, aprecierea puternic` a scurt ar putea reprezenta singurul pericol Printre cele mai notabile ac]iuni care lipseau anul trecut Aproape 1,2 milioane de romåni au semnat partea Ministerului Economiei leului a permis temperarea cre[terii pre]u- pentru o eventual` depunctare a Romåniei. din peisajul pie]ei RASDAQ, dar care \n prezent sunt printre deja actul unic de aderare la un fond de pensii [i Finan]elor, \n condi]iile \n rilor, dar a alimentat cererea pentru bunurile |n teorie, datoria pe termen scurt trebuie s` cele mai tranzac]ionate de pe aceast` pia]`, se num`r` titlurile private, adic` o treime din pia]a poten]ial`. care trebuie s` se uite cu mai de import, \n timp ce exporturile romåne[ti se situeze sub rezervele interna]ionale“, a companiei imobiliare Imotrust Arad (ARCV), cele ale Bmult` aten]ie spre aducerea sub control a au devenit tot mai scumpe pe pie]ele externe. ar`tat [eful BNR. Banca central` [i-a majo- produc`torului de ma[ini Automobile Craiova (AUCS), Pagina 6 dezechilibrului contului curent, care a ajuns |n aceste condi]ii, deficitul de cont curent s-a rat puternic rezerva de valut` \n ultimele ac]iunile combinatului metalurgic Arcelor Mittal Hunedoara la un minus de 10,2 mld. euro, dup` primele umflat sub presiunea ie[irilor de valut` din luni, aceasta ajungånd la peste 25 mld. euro. (SIDG) sau titlurile companiei de construc]ii Concefa din opt luni. Pentru \ntregul an, deficitul de cont schimburile comerciale, pån` la circa 13% |n acest context, guvernatorul subliniaz` Sibiu (COFI), emiten]i pe care s-au realizat peste 1.000 de Petrom a ajuns s` de]in` 11 Compania britanic` curent este a[teptat s` urce la 15,8 mld. euro. din PIB (calculat pe ultimele patru trimes- c` BNR va avea \n viitor o atitudine tempe- tranzac]ii numai \n ultimele 20 de [edin]e, potrivit datelor licen]e de explorare \n Rusia dup` ce GlaxoSmithKline (GSK) ar putea „Situa]ia economic` a Romåniei este \n tre), dep`[ind cele mai pesimiste estim`ri. rat`, pentru a nu induce [ocuri la nivelul pie- Bursei de Valori Bucure[ti. anul acesta a mai cump`rat trei. reloca \n Romånia produc]ia pentru continuare pozitiv` [i administrabil`, dar cu Cea mai recent` estimare oficial` indic` un ]ei. „V` rog s` v` a[tepta]i ca banca central` Vezi pagina 5 Pagina 5 anumite medicamente. Pagina 24 \mbun`t`]iri ale mixului de politici eco- deficit de cont curent de 13,4% din PIB, s` nu reac]ioneze brutal. Probabil c` vom nomice“, a avertizat Mugur Is`rescu, guver- pentru tot anul, adic` peste 15,8 mld. euro. avea o prezen]` mai activ` \n explicarea fe- Vånz`rile companiei BUSINESS INTERNATIONAL natorul BNR, la seminarul „Mediafax Talks „A ne baza \n continuare dezinfla]ia pe nomenelor.“ farmaceutice Zentiva Bucure[ti vor about corporate loans“. dobånzi [i curs \nseamn` c` \n loc de a ne Afirma]ia vine \n contextul \n care cri- cre[te \n acest an cu 4,7%, la 253,4 New Yorkul trebuie s` se „lupte“ |n ultimii doi ani, politica monetar` - prin preg`ti treptat de soft lending (ajustare lent`, ticile asupra deciziilor de politic` monetar` Sonae Sierra pluseaz` mil. lei (76,7 mil. euro). Pagina 5 pentru a-[i p`stra statutul de centru pårghia cursului de schimb - a dus greul n. red.) vom preg`ti hard lending.“ El a ale BNR s-au intensificat, mai ales dup` financiar mondial. Pagina 18 dezinfla]iei. „Trebuie s` [tim cu precizie ce avertizat c` \n cazul \n care nu se iau m`suri cre[terea nea[teptat de mare a pre]urilor B~NCI - ASIGUR~RI poate face o banc` central`“, a subliniat gu- pe plan intern pentru ajustarea deficitului (ceva mai mult de 1%) \n septembrie. Acum, cu 300 mil. euro Cre[terea salariilor mai rapid` vernatorul. Astfel, extern supradimen- majoritatea anali[tilor a[teapt` o cre[tere a Banca Transilvania estimeaz` decåt a productivit`]ii a \ndep`rtat exagerarea utiliz`rii sionat, pia]a va fi cea dobånzii de politic` monetar` la [edin]a c` va acorda medicilor credite de operatorii de call centrer-uri de Cehia. cursului [i dobånzi- Problemele lui Is`rescu care va corecta evo- programat` pentru sfår[itul lunii, estim`rile aproximativ 1 miliard de euro \n primii Pagina 19 lor pentru a for]a lu]ia, printr-o depre- mergånd pån` la un salt de un punct \n dou` mall-uri trei ani de func]ionare a diviziei pentru sc`derea pre]urilor Ne \ngrijoreaz` acumularea de presiuni ciere brusc` a leului.
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