Finance minister says Romanian salaries to rise in 2011 Romania's Finance minister Gheorghe Ialomitianu said on Thursday that salaries would certainly rise in 2011. While not providing a figure in this regard, he said the option of a 15% increase can be taken into consideration".
Romania minister: Constructions market to relaunch next year Romania's Tourism and Regional Development minister Elena Udrea said on Thursday that the country's construction works market would relaunch next year as the economy would be more stable, according to Romanian news agency Mediafax.
President Traian Basescu optimistic about Romanian economy "growth" in 2011 Romanian President Traian Basescu said in a conference on Wednesday that he was optimistic about Romanian economy growing next year, although he said his optimism had been wrong some times. He told a Foreign Investors Council that "we could trust the evaluations of IMF and EC confirming we'll have a 1.5% growth."
European Court Slams Romanian Restitution Procedures   On October 12, 2010, the European Court of Human Rights (the “ECHR” or the “Court”), issued its first pilot judgment against Romania in a case entitled Maria Atanasiu and Others v. Romania (the “Pilot Judgment”). The judgment itself was not shocking considering the significant number of decisions in the restitution field already decided by the Court against Romania over the past several years. In those decisions, the Court repeatedly sanctioned Romania for its inability to set up an effective restitution and compensation mechanism for the victims of the former communist regime. However, it seemed as though the Romanian authorities simply didn’t care about the Court because they did virtually nothing to remedy the situation for almost a decade.
The annual inflation rate increased to 7.88% / In October prices increased by 0.55% 
The annual inflation rate increased in October to 7.88%, the biggest contribution came from an increase in prices for non food products, especially tobacco, Romanian National Statistics Institute reads. 
Romania's commercial deficit dropped by 3.45% in the first nine months to 6.89 billion euro. Exports continue to increase faster than imports 
Romania's commercial deficit decreased in the first nine months of the year by 3.45% to 6.89 billion euro from 7.14 billion euro in the same period in 2009, Romania's National Statistics Institute data reveals. The decrease of the deficit was due to a fast increase of exports than imports. 
FDI: what are the economic segments and preferred geographical areas? 
The net flux of foreign direct investments that entered Romania was 3.48 billion euro of which 1.72 billion euro participations to capital and 1.75 billion euro the net credit received from foreign investors, official National Central Bank data reveals. Most investors triggered the manufacturing industry and the financial intermediaries sector. As a geographical area, Bucharest was preferred where 63 euro of every 100 euro that entered Romania were invested. 
BCR: 3 million euro, uncashed revenues due to Ordinance 50/2010 
Dominic Bruynseels, President of BCR , one of the biggest banks in Romania, declared of Friday that revenues from commissions dropped in the third quarter due to the decrease of the commission of anticipated payments for current credits, a requirement of ordinance 50/2010. He added that uncashed revenues amount to 3 million euro. 
Chinese holding Avic International to invest 350 million euro at Somes Dej 
Avic International Holding Corporation and the Romanian Commercial Services group signed, earlier this week an agreement which sees investments of 500 million euro at the paper and cellulose factory Somer Dej. 150 million euro will be invested by the Romanian company and the factory's production capacity will increase from 70,000 tons of cellulose/year to 500,000 tons. 
Dacia Sandero facelift available starting 2012 or 2013 
Dacia will release a facelift Sandero model in 2012 or 2013, Dacia marketing director Mihai Bordeanu declared at the launch of the new Sandero Orange model. Sandero was launched on the European market in 2008 and became the best sold model of the brand. It is very popular in France, Germany and Italy. 
Ronald Binkofski the new general director for Microsoft Romania
Calin Tatomir was replaced as Microsoft Romania general director by Ronald Binkofski who was marketing director at Microsoft Poland. Tatomir ran Microsoft Romania since 2008. I am proud of the team's success in the last two years I ran the company and I am optimistic that Microsoft will continue to have a great impact in the industry and society overall, Tatomir declared in a press release announcing his departure. 
TOP 300 Capital declares Ion Tiriac the richest man in Romania followed by businessmen Dinu Patriciu and Ioan Niculae 
Ion Tiriac, Dinu Patriciu, Ioan Niculae, Adamescu and Voiculescu families are the richest businessmen in Romania, according to an annual top set up by the Capital financial magazine. This year, businessman Ion Tiriac was classed first with a wealth estimated at 1.5 - 1.6 billion euro. 
2011 budget: the government to cut by half local level finances 
The government will drastically cut local budgets made from VAT taxes, a 2011 budget draft reads, quoted by the Romanian news agency Mediafax. The budget draft sees a cut by half of finances for infrastructure and sports fields. In the same time, more money will be allocated for education and social care salaries. The project sees a decrease by 50% of credits for new jobs. 
Finance ministry Gheorghe Ialomitianu: bonuses will be offered on performance and competence criteria 
Bonuses will be offered only based on performance and competence, Finance minister Gheorghe Ialomitianu declared on Friday, adding that he will not give in to other criteria. On Thursday, Ialomitianu said that he was never against bonuses but the criteria was subjective. He underlined that the ministry reached an agreement with union leaders to create a ministerial committee to analyze the way bonuses were offered. 
Advertising agencies Scala JWT and Cohn&Jansen merge 
Scala JWT and Cohn&Jansen advertising agencies announced on Thursday that they decided to merge. The new company will be called Cohn&Jansen JWT. Peter Jansen, one of the share holders of a company explained for that the two advertising companies complement their international and national portfolio of clients which ensures continuity. 
Foreign direct investments dropped by 35.9% in the first 8 months 
Foreign direct investments totaled in the first eight months of the year 1.95 billion euro, a 35.9% drop compared to the similar period in 2009, of 3.05 billion euro, Romanian National Central Bank data reads on Wednesday. Direct investments from non residents in Romanian financed by 58% the current account deficit in January - August 2010, which increased to 34.07 billion euro. 
Romania's current account deficit continued to increase to 4.07 billion euro after 8 months 
Romania's current account deficit of the balance of payments increased in the first eight months with 48.7% compared to the similar period, last year, to 4.07 billion euro, Romanian National Central Bank data reveals. In January - August 2009, the current account deficit was 2.74 billion euro. 
Business Report: Taierea de 25%, fentata cu cresteri de pana la 70%; De ce se scumpeste mancarea; Cum scot profituri grase "baietii flamanzi"; Un Ferrari 599 GTO a fost inmatriculat in Romania. Romania, in top zece la productia de lapte in UE, insa doar unu din cinci litri ajunge in fabrici. Lipsa fermelor mari si a implicarii crescatorilor de animale in procesarea laptelui face ca industria locala sa genereze afaceri de circa 900 de milioane de euro anual, de trei ori sub potentialul generat de cei 4,7 miliarde de litri de lapte produsi anual, din care doar 20% ajung in industria de procesare...Criza economica ii alunga pe imigranti din Romania. Numarul strainilor care au obtinut autorizatii de munca in tara noastra in primele sase luni ale lui 2010 a fost de sase ori mai mic decat cel anticipat de executiv pentru intreg anul...Revolutia pravaliilor. Un razboi de gherila intre comertul modern si cel traditional pare inevitabil, iar miza e, pentru fiecare petic de teren in parte, de sute de milioane de euro...
Annual inflation rate increased to 7.7% 
The annual inflation rate increased in September to 7.7% due to the increase of prices for non-food goods and tabacco, the National Statistics Institute data reads. The price of food prices  increased, on average by 3.87% since the begining of the year. In the last report published this week, the IMF estimates for Romania an annual inflation rate of 7.9% for December 2010. 
Analysts estimate an annual inflation rate of 7.6% in September 
Consumption prices increased in September by 0.4% and the annual inflation rate was 7.6% according to an average of opinions expressed by Romanian experts. The analysts opinions related to inflation varied between 0.2% and 0.7% and estimates regarding the annual rate are somewhere between 7.3% and 7.9%. 


Top 10 articole cele mai ...

Bancul zilei: Dorință îndeplinită
Se întâlnește un dirijor cu Dumnezeu. Dirijorul: Doamne… ajută-mă să devin cel mai bun dirijor!
Bancul zilei: Un profesor sever
Ora de matematică. Profesorul spune: - Mâine dăm extemporal! Nu admit niciun absent, pentru niciun motiv!Un elev mai șmecher întreabă zâmbind: - Nici dacă
​Bancul zilei: Prima vizită la un sex shop
Un țăran s-a întors de la Bucuresti.S-a adunat tot satul. Stau, beau încet. Țăranul spune:– Am fost într-un magazin interesant, “Sex Shop” se numește! - Deci, foarte interesant magazin, ce să vă spun! Și aveau femei gonflabile...
citeste mai multe articole din LIFE

Agenţii de ştiri

Siteul foloseste cookie-uri. Cookie-urile ne ajută să imbunatatim serviciile noastre. Mai multe detalii, aici.
hosted by
powered by
developed by
mobile version