Finance, Banking and Economic News - 16 March 2011 - financiare.ro
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Finance, Banking and Economic News
16 March 2011



Page: 1 

Romanian railway workers ceased work for two hours Wednesday morning and all trains en route have been stopped in stations or on the way. read more...


Romanian railway workers have ended their two-hour warning strike Wednesday at 9 a.m. and trains halted during the protest have resumed their routes. read more...


Romanian natural gas distributors requested a three-stage increase of gas prices by September, in order to cover their losses, Wednesday said Iulian Iancu, president of the Industry and Services Committee within the Chamber of Deputies. read more...


Romanian unionists are protesting Wednesday in capital Bucharest, near the Parliament Palace, over the new Labor Code for which the Government faces a vote of no-confidence. read more...


Romania posted the highest inflation in the European Union for the seventh consecutive month in February, while the EU's average rate was stable at 2.8%, statistics office Eurostat said Wednesday. read more...


The Romanian Government on Wednesday decided to grant EUR7 million in annual financial aid to beekeepers to increase the number of bee colonies. read more...


16.03.2011, 16:02 | Actuality | 827 views
Romanian Govt Faces No-Confidence Vote
The Romanian Parliament on Wednesday started debates on the no-confidence motion submitted by the opposition over the country’s new Labor Code for which the Government sought lawmakers’ vote on confidence last week. read more...


The technical offers filed by six consortiums were accepted Wednesday in the auction for a broker to sell 9.84% in oil company OMV Petrom (SNP.RO), people close to the matter told Mediafax. read more...


Romania’s largest oil company OMV Petrom (SNP.RO) will cut Thursday its gasoline prices by 0.04 lei (EUR1=RON4.1816) per liter. read more...


With a new management team, Turkish Credit Europe also changes strategy, with the focus now on medium-sized companies instead of retail, while alternative channels will make up for new offices. read more...




Transgaz Mediaş (TGN) natural gas transmission company and Transelectrica Bucureşti (TEL) grid company are asking the state to give them the possibility of raising money on the Bourse through public share offerings, in order to carry out their investment plans. read more...


The bids submitted by six consortiums of banks and brokerage firms have been accepted by representatives of OPSPI (Office of State Ownership and Privatisation in Industry) and by those of the Economy Ministry in the tender to choose the broker for the secondary offering whereby the state wants to sell 9.84% in OMV Petrom on the Stock Exchange. read more...


16.03.2011, 23:46 | Real Estate | 1598 views
Asmita Gardens left without sales team
The sales team of the Asmita Gardens housing complex in Bucharest, which consists of over 800 apartments, has ended its activity, although nearly half the homes in the seven tower blocks built on Splaiul Unirii Avenue in the Mihai Bravu area are yet unsold. read more...


The employment rate in Romania - the proportion of people who are fit for work to the number of legally-employed workers is 58.6%, which means only 4.5 to 5 million Romanians of the 8 million who are fit for work are legally-employed. read more...


The statistics of notaries public on real estate transactions concluded last year did not reveal major changes to the situation recorded in 2009, with the market experiencing a relative stagnation. read more...



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