Finance, Banking and Economic News - 1 March 2011 - financiare.ro
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Finance, Banking and Economic News
1 March 2011



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Romanian individuals should entirely receive the shares they will subscribe in the future stock sale offering the state will carry out at Petrom, while for the other categories of investors shares should be allotted in line with the subscribed sum (pro-rata), maintains the Association of Capital Market Investors (AIPC). read more...


The listing of BCR, the biggest bank in Romania, has inflamed the five SIFs (financial investment companies), which hold 30.12% of the shares, on the one side, and majority shareholder Erste Bank, with 69.4% of the capital, on the other. Originally scheduled for October 2009, the listing was put off until October 2011. read more...


Facing the prospect of missing its inflation target again, the NBR (National Bank of Romania) has started to fight price rises by indirect interventions on the forex market, helping the leu strengthen against the euro, which can temper pressure on prices of import goods, say bank analysts. read more...


Bancpost is ready to fight to regain the market share lost in the past few years, says Peter Weiss, 51, who at the beginning of the year took over the bank's executive management, specifying that its Greek shareholder - EFG Eurobank group - wants to continue to support the development of local operations, including with cash freed up after selling the Polish subsidiary. read more...


01.03.2011, 08:21 | IT & C | 567 views
Romtelecom pays 8m euros for Boom TV
Romtelecom, number three on the Romanian TV services market, will pay between 7.3 and 8 million euros (VAT-less) to get the 95,000 subscribers of Boom TV - a satellite television platform operated by DTH Television Grup. read more...


The reorganisation of insolvent companies and avoidance of bankruptcy are not necessarily a cause for joy for unsecured lenders of that company, because they do not stand much of a chance to recover their debts, considering that the categories of lenders favoured by reorganisation plans are banks, the employees and the state. read more...


Penny Market, the biggest discount chain in Romania, held by German group Rewe, posted a 4.3% sales rise last year, to over 380 million euros, according to ZF calculations based on data in the annual report of the German group. read more...


01.03.2011, 12:01 | Actuality | 470 views
Romania Continues Evacuations From Libya
Romanian authorities continue evacuations from Libya and 86 more Romanian citizens reached capital Bucharest Monday night. read more...


Nearly 2,000 former military staff are marching Tuesday from the Military Academy in Romania’s capital Bucharest to the Government’s headquarters, in protest to the recalculation of their pensions and new labor legislation. read more...


The committee for legal matters in the Romanian Senate on Tuesday recommended the Senate plenary reject a Government emergency decree recalculating pensions of former military staff. read more...




The Romanian Senate's committee for human rights on Tuesday issued a negative opinion on a bill requiring candidates for public office to undergo a psychological and psychiatric examination. read more...


Almost half of Romanians are satisfied with their lives, only 4% consider that the country’s economic situation is good and 14% of them expect the economy will recover in 2011, according to a Eurobarometer survey published on Tuesday. read more...


Romania's IT market shrunk by 25% last year, to EUR800 million, following a 20% decline in 2009, said Liviu Dragan, member on the board of the Software and Services Industry Employers' Association (ANIS), in a press conference. read more...


Almost half of Romanians (46%) are pleased with their lives although only 4% of them consider the national economy works well and only 14% expect the economy to improve this year, according to an Eurobarometer study published on Tuesday, quoted by Romanian news agency Mediafax. read more...


The head of the Bucharest branch of the governing Democratic Liberal Party (PDL), Elena Udrea, said in a press conference on Tuesday she did not want to run for Bucharest mayor and that her branch will have possible candidates to choose from, news agency Agerpres reports. read more...


Half of Romanians see the rising prices and inflation as their main problems, a third believe the crisis' impact on the labor market has not yet peaked, while 48% expect the job market to worsen in the next 12 months, says a Eurobarometer study. read more...


Most Romanians (80%) think that the anti-crisis measures taken by the Government were ineffective, according to a Eurobarometer survey published on Tuesday. read more...


Romanian economic outlook for the next six months improved slightly in February, after a decline of nearly 11 points a month earlier, a ZEW/Erste survey showed Tuesday. read more...


Bucharest Mayor Sorin Oprescu will make an official visit to Beijing, where he hopes to find investors for the city's projects, after the city councilors voted to slash the budget by over 1 billion lei (EUR1=RON4.2108). read more...


A notification about the transaction by which Romanian telecom operator Romtelecom takes over the subscriber base and other assets of DTH Television Grup, the owner of digital television Boom TV, has reached the Competition Council. read more...



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