Finance, Banking and Economic News - 22 February 2011 - financiare.ro
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Finance, Banking and Economic News
22 February 2011



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How to strike a balance between the caution needed to protect the bank's results and the commitment of expanding operations further, this was the main challenge in 2010 for Guy Poupet, chairman of BRD-SocGen, in the first year since he took the reins of the second biggest bank on the market. read more...


Ericsson Telecommunications Romania, the domestic subsidiary of Sweden's provider of telecom equipment and services for fixed and mobile telephony, has come to an over 1,200-people headcount, after taking over 400 Romtelecom employees. read more...


Forza Rossa, Ferrari importer on the Romanian market, controlled by Ion Bazac, former health minister from PSD (Social Democratic Party), will deliver over 30 cars this year, worth over 7.5 million euros in total, according to ZF calculations. read more...


Bucharest's accommodation capacity could rise by nearly 290 rooms this year, i.e. by 2.5%, if hotels Europa Royale in the Unirii area, Marshal in Doboranţi, Carol I in Piaţa Rosetti and Premier Palace close to Ghencea stadium will open their doors to clients, as announced by investors. read more...


The investments of pension funds, which manage over one billion euros in assets and have a potential to become the biggest stock exchange investors over the next few years, will become public information twice a year, once the Private Pension System Supervisory Commission (CSSPP) has approved a set of modifications brought to the reporting and transparency norms. read more...


Sales of electronics in Romania plummeted in 2009-2010, with the impact of the crisis being stronger than in countries like Greece and Ireland, Laurent Abadie, chairman and CEO for Europe of Panasonic told ZF in an interview. read more...


In almost one month's time, Wolfgang Ruttenstorfer, 61, the man who bought the biggest company in Romania, Petrom, will step down as CEO of OMV, after a nearly ten-year term at the helm of the Austrian petroleum group. Tomorrow Petrom and OMV announce the last financial results under Ruttenstorfer. read more...


The Bucharest Court of Appeals has issued 29-day preventive arrest warrants for 15 of the 30 border police officers from Albita customs in eastern Romania detained Monday on charges of bribe taking and cigarette smuggling. read more...


Collective working contracts will be approved by a special law, Romanian PM Emil Boc has announced. He made the announcement as he holds consultations with parliamentary groups from the governing coalition on Tuesday on the content of the future Labor code and the possibility to adopt the bill by assumption of responsibility before the Parliament. read more...


Romanian opposition social democrats and liberals will submit a no-confidence motion against the Government if the latter decides to pass the new Labor Code into legislation through a confidence vote in Parliament, Social Democratic Party leader Victor Ponta said Tuesday. read more...




The Bucharest Court has halted insolvency procedures for low-cost Romanian airliner Blue Air, the company said Tuesday. read more...


Romanian President Traian Basescu said Tuesday the Interior Ministry’s reorganization must start with the evaluation of the institution’s central and local chiefs. read more...


Sorin Blejnar, head of Romanian tax authority ANAF, said there will be a major investigation into high wealth in the second half of next year, although some controls may be carried out in 2011. read more...


22.02.2011, 16:19 | IT & C | 565 views
Romanian IT Exports Up 10% In 2010, To EUR500M
Romanian exports of IT products and services grew 10% in 2010, to around EUR500 million, said Valerica Dragomir, executive manager of the Software and Services Industry Employers' Association (ANIS). read more...


The Romanian Government has initiated procedures for the privatization of Oltcim SA Ramnicu Valcea chemical company, the Economy Ministry announced on Tuesday. It showed that according to a draft letter of intention agreed by the Romanian Government with the IMF, World Bank and the European Commission, the Oltchim privatization is due to be launched in the first half of 2012. read more...


Passenger air traffic in Romania could rise by 8% to 10% this year, to 11.1 million passengers, from 10.09 million last year, Transport Ministry state secretary Eusebiu Pistru said Tuesday. read more...



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