Finance, Banking and Economic News - 13 December 2010 - financiare.ro
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Finance, Banking and Economic News
13 December 2010



Page: 1 

Premier Emil Boc maintains Romania does not have an IT system in the field of healthcare, yet, because all those who managed the sector and handled the release of drugs preferred stealing public funds. read more...


Major domestic car part producers employing tens of thousands of people particularly in Transylvania plants have switched from a two or three-shift working schedule to a four-shift one, after the number of orders from West European clients has risen this year. read more...


Raiffeisen, the seventh bank domestically in terms of assets, Austrian-held, is selling loans worth 30-35m euros to individual customers each month, a level similar with the one registered in 2006, and its representatives say the volume of funding released on this client segment in 2010 is set to top 300m euros at the end of the year. Sales have risen in recent months owing to refinancing deals. read more...


Two big Austrian fund managers call the shots on the mutual fund market, with competition between the two becoming increasingly tight, and Raiffeisen Asset Management managing to come very close to the undisputed leader of the last two years - Erste Asset Management, because it bet on investors' significant appetite for savings in euros. read more...


Personal injury payments in the wake of car accidents have registered exponential growth in recent years, with insurers getting to settle claims as high as hundreds of thousands of euros, which is putting additional upward pressure on auto liability (RCA) policy tariffs. read more...


Delhaize Belgian group, which owns Mega Image stores, has added 38m euros to the capital of Romanian stores over the past six months, with capital injections being operated by a group subsidiary registered in the Netherlands. read more...


British retail group Tesco, with 73 billion euros in turnover, is in negotiations to enter the Romanian market by acquiring Real hypermarket chain, held by German group Metro, say market sources. read more...


DIY store chain Dedeman, founded by Bacău businessman Dragoş Pavăl, 44, could reach over 300 million euros in turnover this year, considering that the company's owner says the 15% turnover growth target "has long been exceeded". read more...


Romania’s Government has approved six out of 24 amendments submitted by lawmakers to the unitary wage bill for the public sector, for which the Government plans to seek a confidence vote in Parliament Tuesday. read more...


The number of Romanians who went abroad with labor contracts tripled in 2010 compared to last year, according to recruiting company Thera Group. read more...




Romanian President Traian Basescu invited opposition party leaders again to attend consultations with parliamentary parties at the presidential palace on Monday afternoon. read more...


More than half the buildings in Bucharest's historic center might collapse in an earthquake more powerful than seven degrees on the Richter scale, said Stefan Dumitrascu, chief architect of the city's 3rd sector, where 90% of the buildings are located. read more...


The Romanian Parliament budget and finance committees will debate the draft 2011 state budget law and the draft social security budget for next year on Friday, Saturday and Sunday, and the two acts will be up for plenary debates in Parliament staring next week. read more...


Mircea Geoana, former PSD leader, was suspended from the party for six months, but he still enjoys the support of the party to maintain his position as Speaker of the Senate, PSD spokesperson Radu Moldovan declared. read more...


Employees of Romania's Parliament with special status will be allowed to work in the private sector, including in autonomous bodies and commercial companies, according to an amendment approved by the Government Monday. read more...


The Romanian opposition Social Democratic Party decided Monday to take part in a discussion with President Traian Basescu, after the latter met earlier with the parties in government. read more...


Romanian opposition Social Democratic Party president Victor Ponta said, after a meeting with liberal and conservative leaders, that they agreed to submit a no-confidence motion over the IMF-required unitary wage bill and debate it at the beginning of next year. read more...


Romania's Foreign Affairs Ministry warns Romanians citizens wishing to travel in this period to Greece that public and private unions including air traffic controller's union announced that they will organize on December 15 a general 24 hour strike. read more...



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