Finance, Banking and Economic News - 15 March 2011 - financiare.ro
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Finance, Banking and Economic News
15 March 2011



Page: 1 

Romanian Agriculture Minister Valeriu Tabara told a news conference Tuesday the ministry wants to subsidize price hikes for diesel fuel used in farming if it gets the approval of the European Commission. read more...


15.03.2011, 12:23 | Energy | 364 views
Enel To Invest EUR800M In Romania By 2015
Italian utility group Enel plans to invest around EUR800 million in Romania between 2011 and 2015, in efficiency programs and client portfolio expansion, the utility group said in its 2010 financial report Tuesday. read more...


Romania registered the third biggest decrease in the European Union of the number of people employed in the fourth quarter of 2010, according to EU’s statistics office Eurostat. read more...


Fukushima nuclear plant operator, TEPCO announced that it withdrew most of its personnel from the affected plant. According to New York Times, there are only 50 workers left that would manage the faults of the cooling system of the all four reactors affected. read more...


15.03.2011, 13:28 | Transportation | 394 views
Tarom General Director quits
Tarom’s general director, Ruxandra Brutaru announced her resignation on Tuesday. Her position will be taken over by somebody else starting April 2011, sources within the Transports ministry declared for HotNews.ro. read more...


Romania’s leu traded in ranges against the euro in mid session Tuesday and the central bank’s reference weakened slightly to 4.1865 units, from 4.1843 units a day earlier. read more...


Romanian Agriculture Minister Valeriu Tabara told a news conference Tuesday the country’s land law must be amended to forbid parceling out small farms when selling them. read more...


Romania will register economic growth this year and a “mini-boom” can be expected in the election year 2012, said the Vienna Institute for International Economic Studies (WIIW). read more...


The earthquake in Japan could drive reinsurance costs up for Romanian companies, which in turn may increase their premiums for building insurance by 10-20% on the medium-term. read more...


Romanian railway workers will stage a warning strike on March 16, as unionists and railway company representatives failed to find common ground on signing new collective work contracts. read more...




European Commissioner for Energy, Gunther Oettinger qualified on Tuesday, the nuclear accident in Japan as an apocalypse, saying that local authorities practically lost control of the situation at the Fukushima plant, AFP informs. read more...


Romanian chicken producers project rising consumption this year amid dwindling population income and consumers' switching to cheaper products. read more...


Unirea Shopping Center is increasingly looking like a mall as all major fashion names are lining up on the ground floor and radically changing the look of the old universal store. read more...


Bancpost has many clients, also products, but multiple sales have not functioned so far, and relationships with clients are weak. Retail brings the largest part of revenues, but a systemic bank needs to be stronger on the corporate side as well. The area of large corporations is not sufficiently accessed. read more...


Ruxandra Brutaru, general manager of state airline Tarom resigned yesterday from the position she was appointed to in January 2009 by former transportation minister Radu Berceanu. read more...


Energy group Enel, which, through the privatisations that it won, became the biggest private distributor of electricity in Romania, says it plans to invest 500 million euros from 2011 through 2015 to install a capacity of 400 MW in wind farms. read more...


The top ten law firms that yesterday sent to ZF copies of their tax returns submitted to the fiscal authorities collected fees with a cumulated value of 86 million euros in 2010, down 5% on the preceding year. read more...


A market survey conducted by Gallup in 2010 reveals the huge gap that separates urban and rural areas in Romania: 78% of families that live in the countryside do not have access to the Internet and 47% do not have a fixed line. read more...


Shares across the world fell, the Tokyo Stock Exchange lost 10.6%. The Bank of Japan injected 245 billion dollars into the economy. A new major earthquake hit. Germany closed down 7 reactors. Romania's nuclear strategy is not affected. read more...



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