Finance, Banking and Economic News - 11 January 2011 - page 2 -
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Finance, Banking and Economic News
11 January 2011

Page: 1  2 

CEC Bank needs funding to be able to compete with other banks and therefore a possible privatisation is the main topic to be discussed over the next period, Public Finance Minister Gheorghe Ialomitianu said at a press conference on Monday. read more...

Talks between the Romanian Prime Minister and World Bank Vice President for Europe and Central Asia, Philippe Le Hourerou tackled a confidential project, which was confirmed by sources within the government for but who refused to give too many details. read more...

The Competition Council concluded 18 investigations of which 11 were older than 3 years and applied fines worth 31.49 million euro compared to six investigations concluded in 2009 and 2.3 million euro fines, a report of the institution released on Tuesday reads. read more...

Romania’s Foreign Affairs minister Teodor Baconschi declared that the Schengen space is full of vulnerabilities, mentioning that the EU south border is breached by North African illegal immigrants from the Middle East. read more...

Romanian transporters blame the Government for the increase in fuel prices due to the value added tax and excise hike, as well as the leu's depreciation against the euro and the dollar. read more...

Almost all general, economic and weekly business newspapers registered a significant drop in the number of readers according to the latest National Audience Study for October 2009 – October 2010, compared to the previous study. read more...

Real estate investment in Central and Eastern Europe reached EUR5 billion last year, up 90% on 2009, with Romania drawing in 7% of the total, according to property consultants CB Richard Ellis. read more...

Romanians without income will have to pay monthly health insurance contributions in the amount of 37 lei (EUR1=RON4.2581), or 5.5% of the minimum wage, unless they are registered as receiving some form of social assistance. read more...

The Romanian Government said Tuesday it will continue its partnership with the World Bank, but there were no talks of a new loan agreement in the meeting between Prime Minister Emil Boc and World Bank official Philippe Le Hourerou. read more...

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