Finance, Banking and Economic News - 15 December 2010 - financiare.ro
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Finance, Banking and Economic News
15 December 2010



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The earnings from the sale of TV royalties have allowed several clubs in the First League to avoid bankruptcy this championship season. read more...


"good.bee Tranzacţii Mobile" (ed. note: "Mobile Transactions", a service offered by the Romanian Commercial Bank (BCR) which allows customers to do banking operations using their mobile phone, has doubled its number of users to 29,000, in 2010, and the company expects a similar growth rate next year. read more...


Romania's biggest iron-and-steel complex ArcelorMittal Galaţi, controlled by billionaire Lakshmi Mittal, will in early January restart the furnace stopped a month ago on the falling orders from Turkey. read more...


Romar group of clinics, with operations on the private healthcare services market, opened two clinics that operate on the platforms Petromidia (Năvodari) and Vega (Ploieşti), refineries that are part of Rompetrol group. read more...


Pepe Berciu, a shareholder in BDG Import, one of the biggest importers of alcoholic beverages domestically, says 2010 was very good for the company, and when he draws the line at the end of the year he expects turnover to top the increase reported after the first ten months, of 20%, in RON. read more...


Foreign banks' overall exposure to Romania in late June stood at 81.4bn euros, down almost 1bn euros compared with the end of March, with the steepest declines being reported in the case of Dutch and Greek banks. read more...


The local subsidiary of American company Dell, the world's no. 3 on the computer market, has reached a few hundred employees in Romania amid the development of the IT services division, with the trend to continue in the coming period, said Dragoş Mateescu, Dell's commercial manager for this region, who is also in charge of the company's local operations. read more...


Labour productivity, which started to show signs of rebound since mid-year, continued to grow in the third quarter, while wage earnings recorded a downward trend. read more...


15.12.2010, 00:11 | Finance-Banks | 466 views
Foreign debt costs 3bn euros per month
From January through October foreign debt payments - the debt being largely taken out by the private sector - amounted to three billion dollars a month on average, but these volumes did not upset the RON's stability, partly because of NBR interventions on the forex market. read more...


15.12.2010, 00:12 | Insurance | 501 views
PAID competes with the other insurers
The new law on mandatory home insurance, which leaves out of the natural disaster insurance system those owners who bought such insurance on their own, will not significantly affect this programme, considering the number of optional policies is really low as it is, brokers and insurers feel. read more...




President Traian Băsescu was undecided yesterday as to when Romania will step out of recession: he talked about the first quarter, the first half and the second half of 2011. read more...


The Romanian auto market had the fifth biggest growth in the EU in November and climbed a position in the ranking of the biggest car markets in Europe, to 14 from 15 last year, according to data released Wednesday by the European Carmakers Association (ACEA). read more...


Romanian opposition Social Democratic Party leader Victor Ponta said Wednesday the opposition will submit two motions of no-confidence in Parliament over the wage law for 2011 and the unitary wage law, for which the Government sought MPs' confidence vote Tuesday. read more...


Romania’s Constitutional Court Wednesday ruled the pension law reexamined and adopted by the Parliament at the president’s request is constitutional, rejecting opposition liberals’ claims. read more...


Romania’s Tourism and Regional Development Ministry on Monday will launch a book that will present the institution’s achievements in 2010, Tourism Minister Elena Udrea told a news conference Wednesday. read more...


Romania’s Parliament has scheduled plenary meetings for debates on the country’s 2011 state budget for December 20 through December 24, Chamber of Deputies secretary Dumitru Pardau said Wednesday. read more...


Romania's Government will begin discussing the normative act establishing the car pollution tax for 2011 on Wednesday or next week, at the latest, said Environment Minister Laszlo Borbely, adding that the tax on "older cars" will be higher than was announced recently. read more...


Romania’s President Traian Basescu said Wednesday on public radio the opposition’s goal is for the country to derail so that businessmen that are behind opposition leader can rebuild their fortunes affected by the crisis. read more...


Almost a third of the Romanians, about 31% would emigrate for good if they would have the possibility, a Gallup survey released on Tuesday, quoted by Romanian news agency Mediafax reads. Romanians are second after the British at 33%. read more...


The rulings of the unique pension scheme are constitutional, Romania's Constitutional Court decided on Wednesday rejecting the claims submitted by Social Democrats and Liberals, Romanian news agency Agerpres informs. read more...



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