Finance, Banking and Economic News - 2 June 2011 -
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Finance, Banking and Economic News
2 June 2011

Page: 1 

Several house searchers are conducted on Thursday morning in Bucharest targeting cigarettes smugglers, news agency Realitatea TV reads. Ten persons were taken for hearings. read more...

Investments in the Romanian economy dropped by 2.9% in the first quarter compared to the same period, last year to 9.91 billion lei, National Statistics Institute data reveals. Therefore, investments in new constructions diminished by 6.1% to 4.41 billion lei and those in machines dropped by 2.0% to 4.46 billion lei. read more...

US President Barack Obama plans to change criteria of acceptance into Visa Waiver program that might allow Romanian to obtain visas easier for the US. According to the US Ambassador to Bucharest, Mark Gitenstein, Obama plans to take into account just those who exceeded legal stay not the refusal rate also, which is the case. read more...

Romania’s Interior minister Traian Igas said on Thursday that lay offs at the level of the ministry will start in about 30 days assuring that those employees who are on the streets will not be laid off. Regarding the food allowance which was recently cut to 130 lei Igas said that the cut will be applied only in June and then recovered in the third quarter. read more...

Spanish car importers’ association ANIACAM Wednesday said new registrations of Romanian-manufactured Dacia model fell 34% on the year to 5,771 units in January to May, amid an overall market decline of 26.5%. read more...

PM Emil Boc presented on Thursday a review of the activity at the Labour ministry where he has been an interim, revealing that in just one month there were fines of 14 million lei just for illegal jobs. Today, in Romania there are over 6 million labor contracts which confirm that we are out of the recession, Boc said. read more...

Romania has the lowest rate of financial intermediation in the region with a weight of gross credits of 40% of GDP at the end of the year, a report of the financial agency Fitch reads quoted by news agency Mediafax. read more...

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