Finance, Banking and Economic News - 10 December 2010 -
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Finance, Banking and Economic News
10 December 2010

Page: 1 

Greece's Piraeus Bank, the only domestic bank selling gold to retail clients, in the first week of December alone sold 10 kg of gold in gold bullion and 300 British gold pounds, quantities that used to be registered in one month. The total value of sales stands at almost half a million euros. read more...

The forex market ran out of steam in autumn, and traded volumes dropped again to last year's level, when they had plummeted from 2008, after having seemed to pick up in spring. In November, a little more than 33bn euros were traded on the forex market, up 17% from the same month of last year. read more...

Banca Feroviară, controlled by businessman Valer Blidar, brought Jean Andronie, former executive vice-president for corporate banking with BCR in 2004-2008 period, to the top management team. read more...

Analysts anticipate a slight return to economic growth next year, after two years of recession, with the estimated GDP rise ranging between 0.2% and 2%. However, even if Romania leaves recession behind next year, the tentative economic growth will not be felt in the standard of living. read more...

This year's last major war between the commercial, marketing and communication teams of Vodafone and Cosmote, numbers two and three on the Romanian mobile phone market, is waged over subscription fees, the volume of data traffic included and the level of subsidies for Apple iPhone 4 smartphone. read more...

Making portfolios transparent would increase the level of financial education and would make contributors less reluctant to invest their savings elsewhere other than in banks. read more...

Romanian consumer prices rose 0.52% on the month last month, matching October figures, while the annual inflation eased slightly to 7.7%, the country’s statistics institute INS said Friday. read more...

10.12.2010, 11:58 | Economy | 804 views
Romania Jan-Oct Trade Gap Narrows To EUR7.7B
Romania’s trade deficit narrowed to EUR7.7 billion in the first ten months, from EUR8.09 billion in the same period a year earlier, the National Statistics Institute said Friday. read more...

10.12.2010, 12:34 | Economy | 765 views
Mugur Isarescu: changes are always painful
There were plenty of people who believed that once we joined the EU we will also live like the EU, Mugur Isarescu declared in a press conference organized by Top Business magazine, dedicated to Romanian brands. Isarescu said that integration seems fighting with the European competition which has no mercy and there are plenty of changes that the society does not accept. read more...

The Social Democratic Party submitted an official complaint at the Constitutional Court on the law of pensions, the party's Spokesperson Radu Moldovan declared. read more...

Romanian carmaker Automobile Dacia will produce 450,000 units this year and production might increase to 550,000 units per year by 2015, according to Automobile Dacia vice-president Constantin Stroe. read more...

Romania's Government has decided to cut unemployment aid to people who turn down a job, regardless of the distance between their home and the position, or who refuse to take part in a professional training program, as of next year. read more...

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