Finance, Banking and Economic News - 23 January 2011 - financiare.ro
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Finance, Banking and Economic News
23 January 2011



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Romania's national road and highway authority CNADNR expects to earn 755.24 million lei (€1=RON4.2651) from road taxes this year, having earned RON669.73 million in the first 11 months of last year. read more...


The floatation of Fondul Proprietatea (Property Fund-FP), scheduled for tomorrow, brings a series of novelties on the Romanian capital market, besides global accounts, which will smooth foreign funds' access to FP shares, with investors also due to have the possibility of operating short transactions. read more...


Violeta and Valerii Moraru, former stakeholders in Bere Azuga producer, currently owning Azuga Waters group, plan to enter the soft drinks market on short term and also start production of mineral water under the private labels of some major store networks. read more...


Bankers are unanimously betting lending to the private sector will resume growth in 2011, after two years of declines, though do it slowly, most probably at a one-digit pace. Only small players are hoping for two-digit rates. read more...


The salaries of the 460 employees of Generali Asigurări (Generali Insurance), one of the top 10 companies on the Romanian insurance market, are 6% higher than the market average. read more...


Eight dialysis clinics owned by the specialised unit of Euromedic healthcare services group will be taken over by Fresenius Medical Care in Romania, as part of a 485m-euro international deal involving a total of 70 clinics. read more...


City Mall shopping centre, the first Bucharest mall that went bankrupt, has a new manager who took the reins last week, the fourth in five years, after the legal liquidator, Casa de Insolvenţă Transilvania (Transylvania Insolvency Firm-CITR) teamed up with Coldwell Banker real estate consultancy to rent and manage the project. read more...


Car sales recorded an around 19% decline in 2010, according to statistics of the Automotive Manufacturers and Importers Association (APIA), to nearly 120,000 units, with the rate of decline being almost three times lower than the 2009 one. read more...


Romania's National Highway and National Roads Company (CNADNR) last year received the highest subsidies from the state, almost 1.6bn euros, being thus the institution that got the largest sum given that where its own funds accounted for just 13% (222m euros) of total sources it had. read more...


Former minister and presidential advisor in the early '90s and banker for 14 years, Negriţoiu says his generation is to blame for Romania's recurring slippages. read more...



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