Finance, Banking and Economic News - 10 January 2011 - financiare.ro
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Finance, Banking and Economic News
10 January 2011



Page: 1 

The Ministry of Economy plans to sell 15% of Transelectrica in June, 15% of Transgaz in September, while the initial public offering (IPO) for 15% in Romgaz could occur in December. read more...


Businessman Dumitru Bucşaru, also known due to his position as funder of Unirea Urziceni football team, asked for insolvency proceedings to be launched in the case of Green City Construct firm he controls, the developer of the biggest house project near Bucharest, where 520 villas have been completed so far. read more...


In 2010, companies raised record high sums through the Stock Exchange, of above 550m RON (130m euros), even more than in the market's boom years of 2007 and 2008, but this time the sums shareholders pumped into companies were no longer aimed at development projects, but were meant to keep businesses afloat. read more...


Nurofen, the best-selling OTC drug domestically, which in Bucharest costs over 16 RON, is 30-40% cheaper in other cities, shows a ZF survey based on prices available in pharmacies. read more...


BCR, the biggest bank on the Romanian market by assets, is no longer selling RON-denominated real estate loans and RON-denominated unsecured loans. read more...


The Romanian state is starting the year with a lot of cash on its hands, i.e. 900 million euros from the IMF and another 2.5 billion euros set to come from the EU and the World Bank, while in the real economy private companies continue to make people redundant, close businesses and file for insolvency. read more...


10.01.2011, 09:23 | Business | 526 views
Pharmaceutical market posts 17% growth
The Romanian pharmaceutical market posted a 16.9% growth in the first 11 months of 2010, to 9.3 billion RON (2.2 billion euros), according to data of IMS Health research company. read more...


10.01.2011, 10:22 | Economy | 556 views
Romania Jan-Nov Trade Gap Narrows To EUR8.6B
Romania’s trade deficit narrowed to EUR8.64 billion in the first eleven months, from EUR8.96 billion in the same period a year earlier, the National Statistics Institute said Monday. read more...


Romanian prosecutors started criminal investigations against far-right Greater Romania Party president and MEP Corneliu Vadim Tudor on charges of assault and disobeying court orders in a case regarding the evacuation of the party’s headquarters in Bucharest, lawyer Mariana Stefan said Monday. read more...


National Liberal Party President Crin Antonescu and Conservative Party leader Daniel Constantin will sign, on Monday the protocol for the creation of the Center Right Alliance and all odds are that the alliance will be registered in court as well in the same day. read more...




Romania will sign new, precautionary agreements with both the International Monetary Fund, and the European Commission, Finance Minister Gheorghe Ialomitianu told a news conference Monday. read more...


Romanians save only 7% of their monthly income, the lowest level registered among the ten states included in a research conducted by insurer ING Asigurari de Viata. read more...


Romanian authorities’ plan to collect taxes on high wealth will target about 1-2% of contributors, Finance Minister Gheorghe Ialomitianu said Monday, adding that fiscal authority ANAF will set up several departments tasked with checking high wealth individuals. read more...


Dacia sales advanced by 12% last year globally, to about 349,000 units of which 23,000 units were commercial vehicles, Renault data revealed. read more...


Romania’s Finance ministry requested the IMF to allow a higher deficit target in the first two quarters of 2011 for investments. read more...


The Hungarian Presidency at the EU will do whatever is possible for Romania and Bulgaria to join Schengen, in accordance with the promises it made despite the opposition of Paris and Berlin, Hungarian diplomatic head Janos Martonyi declared. read more...



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