Finance, Banking and Economic News - 20 December 2010 - financiare.ro
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Finance, Banking and Economic News
20 December 2010



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Apple iPhone 4, one of the world's best-selling smartphones, is being used by Cosmote and Vodafone mobile telephony operators as a means of keeping and attracting high-income clients, reveal the commercial offers published by the operators. read more...


20.12.2010, 08:57 | Actuality | 503 views
Romanian Actress Rodica Tapalaga Dead At 71
Romanian actress Rodica Tapalaga died Sunday at 71, after a long illness. Her son, Barbu Popescu, said the actress was suffering from a number of illnesses, the most severe of which was collagenosis. read more...


20.12.2010, 09:35 | Real Estate | 704 views
Volksbank about to moving to Nusco Tower
Volksbank, the sixth largest bank domestically in terms of assets, is one step away from renting a space of around 7,000 square metres in Nusco Tower office building of Bucharest, close to Aurel Vlaicu underground station, according to ZF information. read more...


Six of the best-selling import brands in Romania, as well as Dacia, the local brand, saw their market share expand this year, according to statistical data provided by car market players, though sales followed a downward trend. Two of the top ten brands, Opel and Chevrolet, also reported rising sales, though. read more...


Whereas 2009 was the year of discount chains, this year it was supermarkets' turn to become the most dynamic segment in modern retail. 2010 saw the opening of more than 40 supermarkets, with the most active players on this segment being Mega Image with 21 stores in 2010, Billa with 13 and Carrefour with 10, according to ZF data. read more...


The state's three-year foreign market funding programme worth around 7 billion euros is on the finishing straight after the Finance Ministry hired law firm consortium formed of local firm Radu Tărăcilă Pădurari Retevoescu and British group Allen&Overy to provide legal assistance. read more...


The Parliament's budget-finance committees passed the draft laws on the state budget and social security budget in just two days, accepting only minimum concessions compared to the 11,000 amendments submitted by the opposition. read more...


Businessman Gruia Stoica, who controls Grup Feroviar Român GFR), the biggest private railway operator on the Romanian market, a part of Grampet, took over the rolling stock and 350 employees of Rompetrol Logistics (RPL), a company held by KazMunaiGaz. read more...


The nearly 1.5 million drivers who renew their auto liability insurance (RCA) in December-January can get their premiums cut by up to 25% or can pay in instalments. Between 30 and 40% of auto liability insurance policies expire during this period. read more...


Nokia and Dacia companies, which generate more than 10% of Romania's exports, have nearly 4,000 temporary employees, with the two companies at the same time being the biggest employers to use the benefits of temporary workforce. read more...




The Romanian opposition's no-confidence motion over the public sector wage frame-law will be read on Monday and debated Thursday morning, the Parliament decided. read more...


Romanian lawmakers on Monday started debates on the no-confidence motion over the wage law for 2011, submitted in parliament by opposition liberals and social democrats last week, after Prime Minister Emil Boc sought a confidence vote to pass the bill into legislation. read more...


The aim of the motion is, in essence, to block the recovery of te 15% of the 25% salary cut from salaries, PM Boc said in the Parliament. read more...


Rompetrol is holding talks with Romania’s Finance Ministry for a solution to the group’s historic state debt, since Romanian and Kazakh presidents Traian Basescu and Nursultan Nazarbayev agreed the issue would be solved amiably, the oil company said in a statement. read more...


The Romanian opposition Social Democratic Party will challenge the wage law for 2011 at the Constitutional Court if the opposition’s no-confidence motion over the normative act is rejected by lawmakers, party leader Victor Ponta said Monday. read more...


The Romanian opposition’s no-confidence motion over the wage law for 2011, which was debated in Parliament Monday, was rejected as the motion got only 190 votes in favor and one vote against and needed 236 votes to pass. read more...


Romanian MPs in the Chamber of Deputies on Monday passed a government decree raising the sales tax to 24% from 19%, which has been in effect since July. read more...


The Romanian Chamber of Deputies on Monday approved with 171 votes in favor, 49 votes against and five abstentions the draft law on family allowance, whose articles were adopted last week. read more...


PDL Constanta Senator, Mircea Banias declared on Monday that he is living an absurd story through his involvement, by anti graft prosecutors in the fiscal evasion file at UCM Resita. read more...


The rejection of the motion of censure on the law on budgetary salaries in 2011 is a good news for employees in the public sector who will benefit from a 15% increase in salaries and will not receive the poisoned gift of the Opposition, who attempted to block the measure out of populist measures, PM Boc declared after the vote in the Parliament. read more...



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